You are here:

Release Date: |

Pursuant to Article 92 para. 11 first sentence of the 2007 Wertpapieraufsichtsgesetz (WAG 2007; Securities Supervision Act), the Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular natural or legal person is not entitled to carry out certain investment services (Article 3 para. 2 nos. 1 to 4 WAG 2007), provided that said person has given cause for such action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the person concerned.

By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 18 November 2015, the FMA informs that the operator of the Website
E-Mail: info(at)

is not entitled to provide investment services in Austria requiring a licence. The provider is therefore not permitted to engage in commercial portfolio management by managing portfolios for individual customers who authorise a certain degree of management discretion where the customer portfolio contains one or several financial instruments pursuant to Article 3 para. 2 no. 2 WAG 2007.

It should be noted that there is no link between the operators of the website and the natural person, Hans Bernauer, living in Ellbögen in Austria.

Next news entry: »