The tax authorities already submitted their audit report in November.
(Photo: Reuters)
Frankfurt Bad news from the Frankfurt online broker Flatexdegiro: The German financial regulator Bafin subjected the company to a special audit and found deficiencies in the organization and corporate management, as the SDax company surprisingly announced on Saturday evening.
The broker responds to the criticism and expands its board of directors. In the meantime, day-to-day business is going even worse than previously thought: the board of directors cut its already subdued business forecast for the current year. The dividend under consideration will probably not exist either.
According to the announcement, Bafin submitted its audit report to the broker back in November. Flatexdegiro did not give an exact date. However, as a result of the examination, Bafin will “impose, among other things, that the company must ensure proper business organization”. In addition, she had “ordered temporary additional capital requirements”.
According to its own statements, the company has now “initiated various measures to meet the regulatory requirements within a given timeframe”. The company will continue to work closely with Bafin.
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