In 2007 at the latest, we began to regulate the free brokerage of financial products to a greater extent. Good reputation, liability insurance, proven expertise, the obligation to provide extensive information and documentation are standard. Some “old hands” have saved themselves into the new era without a certificate of competence. Since this year, financial investment […]
Artikel zum Thema: Verbraucherschutz
Financial distribution without a licence and without supervision?
In 2007 at the latest, we began to regulate the free brokerage of financial products to a greater extent. Good reputation, liability insurance, proven expertise, the obligation to provide extensive information and documentation are standard. Some “old hands” have saved themselves into the new era without a certificate of competence. Since this year, financial investment […]
How much protection does the new compulsory pecuniary loss liability insurance offer for financial investment intermediaries licensed in future under § 34 f GewO?
From the series of newsletters of the DHBW (Baden-Wuerttemberg Cooperative State University) Heidenheim on the topic “Mediation Law in Practice”: At this point, lawyer Dr. Johannes Fiala, https://www.fiala.de, lecturer for insurance law at the DHBW Heidenheim, will answer your questions. Questions can be asked by emailing ott@dhbw-heidenheim.de. This field initially contains three areas, […]
How much protection does the new compulsory pecuniary loss liability insurance offer for financial investment intermediaries who will in future be licensed in accordance with § 34 f GewO?
From the series of newsletters of the DHBW (Baden-Wuerttemberg Cooperative State University) Heidenheim on the topic “Mediation Law in Practice”: At this point, attorney-at-law Dr. Johannes Fiala, https://www.fiala.de, lecturer for insurance law at the DHBW Heidenheim, your questions. Questions can be asked by emailing ott@dhbw-heidenheim.de. This field initially contains three areas, namely (a) open-ended […]
Newsletter “Insurance Distribution and Financial Advice” of November 2012
Mediation law in practice At this point, attorney-at-law Dr. Johannes Fiala, https://www.fiala.de, will answer your questions. Questions can be asked via email to ott@dhbw-heidenheim.de. “What can happen to an insurance intermediary in 2013 if they advise clients on investment schemes even though they are not (yet) registered to do so under the Financial Investment Intermediaries […]
New rulings for interest rate differential transactions and leverage models
Why insurers pay the claim when the financial services provider is broke Instead of effortless wealth, hundreds of thousands of investors often end up with a mountain of debt, and it is not uncommon for them to lose all their savings or even face personal insolvency. This was made possible by well-sounding names such […]
Recoveries for life insurers
More promotional loans committed The business development of Landwirtschaftliche Rentenbank, Frankfurt am Main, was characterized by brisk new business and a normalization of the earnings situation in the first half of 2010; in particular, the low-interest program loans again provided strong growth impulses. Including general promotional loans and securitised financing, total new business in […]
Revocation of credit-financed investments
New ruling of the Federal Court of Justice facilitates the release from loan debts It is part of everyday life at credit institutions to enable customers to make larger investments by providing them with a large part of the money required for an investment in the form of a loan. As a rule, these are […]
Dispute over the credit in the case of payment by instalments
The HUK-Coburg has accepted a cease-and-desist declaration in proceedings against the consumer center Federal Association and will in future in the case of Riester contracts with installment surcharges additionally the burden of indicate the annual percentage rate of charge. The consequences of the ruling are controversial. The battle situation is clear: the consumer protectionists […]
False billing by life insurer? Around 10 million customers affected
New billion-dollar surcharge for insureds due to incorrect implementation of BGH rulings Current judgement of the OLG Cologne: Insurers have to recalculate benefits in case of termination and premium exemption. A recent ruling by the Cologne Higher Regional Court dated 5 February 2010 (Case No. 20 U 80/08) establishes that life insurers have so far […]