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Austrian regulator warns of Crosswind Asset Investments GmbH

Chris Hamblin, Editor, London, 30 November 2020


Pursuant to the Bankwesengesetz (Banking Act) and the Wertpapieraufsichtsgesetz (Securities Supervision Act 2018), the Austrian Financial Market Authority (FMA) has issued a warning to investors.

By publication in the official gazette, Amtsblatt zur Wiener Zeitung, the FMA hereby claims that Crosswind Asset Investments GmbH, registered at Süßenbrunner Straße 14/12, 1220 Vienna, Website https://www.onlinegeldanlagen.de, is not authorised to provide investment services or banking services in Austria that require a licence. The provider is therefore not permitted to broker transactions on a commercial basis in accordance with the Bankwesengesetz as well as to provide investment advice on a commercial basis with regard to financial instruments (Article 3 Wertpapieraufsichtsgesetz).

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