mid-February has banned the BaFin, in an unprecedented action in short sales of the Wirecard AG stock. A month later, the role of the German financial Supervisory authority to throw the case, Wirecard, and, more specifically still questions.
For everything there is a first Time. A month ago, the German Federal financial Supervisory authority (BaFin) has created a spectacular precedent: On 18. February, they imposed a short-selling ban for the Wirecard AG stock.
in The case of Wirecard is a real exchange of criminal
The prohibition of a price fall in the Dax, the papers had gone after the “Financial Times” had collected in several of the articles made serious accusations against the payment service provider from Aschheim bei München, Germany: an employee of a subsidiary of Wirecard AG in Singapore to have manipulated balances and transactions are bogus.
unprecedented
such A short-selling ban for a single share but a drastic measure, and the German financial Supervisory authority in its history, never use had made. In 2008, at the height of the financial crisis, had said the BaFin, although short sales in eleven financial stocks.
But that’s the case, Wirecard is in no way comparable to that of the even have to say the BaFin: “For a single value, Wirecard was the first case in which we have net-prohibited short-selling positions,” explains a BaFin spokeswoman at the request of boerse.ARD.de.
