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How do you check if an investment company is allowed to offer its services in Denmark?

Register, warning list and red flags

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Short answer

Check that the company is listed in the company register of Finanstilsynet, the Danish Financial Supervisory Authority, at virksomhedsregister.finanstilsynet.dk. If it is not listed, it has no permission to offer financial services in Denmark. Also look at the Finanstilsynet page with warnings against illegal businesses, and stay away from any company that appears there. If you deal with a company without permission, you have no investor protection, you cannot complain to the appeal boards, and your investments are not covered by Garantiformuen.

Practical info

Why

  1. Unsolicited contact is a classic warning sign.
  2. Cloned firms use names close to real, authorised companies.
  3. Money lost to illegal firms is almost never recovered.

Details

After a loss, scammers often contact victims again and offer to recover the money for a fee, which is a second fraud.

Tip

Never pay a fee or deposit in advance, and never sign anything without written documentation.

What may differ

Illegal firms can operate for some time before a warning is published, so a missing warning is no proof of safety.

Common misconception

Finanstilsynet can help you get your money back from an investment fraud.

What actually happens

Finanstilsynet cannot handle fraud cases: you take a suspected fraud to the police.

People also ask

  • What is a boiler room scam?
  • Can I report a suspicious investment firm?
  • Is my investment covered by Garantiformuen?

Sources

This answer is for reference only. Payment rules, limits and fees change, so check the official sources or your bank before you pay.

Practical info
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