BaFin fines Flatexdegiro 1 million euros over market abuse disclosure breach (updated)

flatexDEGIRO SE

30/04/2026 09:45

Added context on fine and BaFin powers, added comments from company

April 30 (Reuters) - German online broker Flatexdegiro FTKn.DE has been fined 1 million euros ($1.17 million) by Germany's financial supervisory authority BaFin, the organisation said on Thursday.

BaFin said a special audit found that the company breached market abuse regulations at the end of 2022 by failing to disclose inside information to the public without delay.

At the end of 2022, the authority identified deficiencies in the company’s organizational structure under the German Banking Act during a special audit and temporarily imposed additional capital requirements. BaFin justified the penalty by saying Flatexdegiro had not immediately disclosed this to shareholders in an ad hoc announcement as required, but only later in a regular press release.

Listed companies are required to disclose such insider information immediately to prevent insiders from gaining an unfair advantage over other investors. For violations of this disclosure obligation, BaFin may impose fines of up to 2.5 million euros or up to 2% of total revenue.

Flatexdegiro said it recognised legal provisions of around 1.1 million euros in the fourth quarter of 2025 connected to the special audit.

"All identified deficiencies were fully remedied in 2024, with BaFin subsequently confirming their resolution," the company told Reuters.

($1 = 0.8578 euros)

 (Reporting by Cian Muenster, Alexander Huebner and Myria Mildenberge; Editing by Thomas Derpinghaus)

 ((Cian.Muenster@thomsonreuters.com;))