Second Renaissance lnvestments – Broker claims on its website to be a service provider in the field of finance, which is active in the areas of cryptocurrencies and investment opportunities.

Accordingly, investors can benefit from the provider’s experience. The Swiss financial supervisory authority FINMA has issued a warning. The provider is not listed in the commercial register.

If you have invested with the online broker Second Renaissance lnvestments and are now experiencing difficulties with repayment, the Herfurtner law firm will help you reliably and comprehensively.

Second Renaissance Investments – Experiences

Currently, there is an enormous number of investment service providers such as Second Renaissance lnvestments. Thus, it has never been as easy but also as uncertain as today to invest in the unpredictable financial markets.

Especially because there are many options, choosing a provider can be time-consuming and intimidating. Especially if it is to meet your individual investment needs. Are you considering investing with Second Renaissance? In this case, the following aspects are important for you as an investor.

  • A very good place to start for investors who want to find out about shares, futures, binary options and cryptocurrencies is a web presence like this one.
  • Access to international exchanges becomes more practical and versatile for investors through online investing.
  • When trading online, you can use a wide range of order types.

The following statements are basic recommendations for investors – regardless of the platform in which you invest.

Financial supervisory authorities: What is their function with regard to providers such as Second Renaissance lnvestments?

Both the financial markets and investor protection benefit from rules of conduct and organisational responsibilities. Equity services companies and providers such as Second Renaissance lnvestments must comply with a wide range of regulations.

The same applies to their employees. This is intended to prevent conflicts and the associated disadvantages for investors. This includes the obligation of the company to inform its customers about the most important characteristics of the transaction before concluding a securities transaction.

This applies both to the specific investor and to the investment itself. According to this idea, extended information is indispensable for customers who want to engage in highly speculative or risky transactions. To their corporate clients, providers such as Second Renaissance Investments have a duty of care.

This goes significantly beyond the provision of a product or service. Does the service provider have a licence to sell investment products? You should definitely check this. For this purpose, you can consult the broker check data collection of a financial authority and type the name of the service provider into the search function.

Cold calling by phone

Have you ever received a phone call from a stranger making you an offer? Never answer. Cold calls are against the law. “Cold calling” is expressly forbidden at investment service providers and other companies such as Second Renaissance lnvestments. There are also people who pretend to work for reputable web trading platforms.

In doing so, they want to get people to give them their sensitive data. Usually, after your very first deposit, you will be instructed to deposit more funds. Phone scammers are always coming up with new methods to deprive donors of their savings, cash and other valuables.

A common strategy of swindlers is to call the people they want to harm at inconvenient times of the day. This is, for example, very early at dawn or very late at night. Times, in other words, when they are most vulnerable. In addition, the criminals pretend at the beginning of the conversation that they and the person being called know each other.

The other possibility is to pretend that the callers are willing to help. By doing this, the perpetrators give the person they are talking to on the phone a feeling of goodwill and trust. Check whether you are really dealing with Second Renaissance Investments when they contact you by phone.

Pump and Dump

The term pump and dump is used to explain a procedure in which the value of a share is artificially inflated by insiders. The share is then sold at a loss to the other investors. This is therefore a fraud. A deception that profits from the ignorance of small investors and stock market novices.

This tactic is therefore forbidden in a controlled securities market and for companies like Second Renaissance lnvestments. The crypto market, on the other hand, is still by and large “Wild West” as far as such tactics are concerned. For this reason, special vigilance is necessary!

Pump-and-dump scams are increasingly common there in connection with the so-called altcoins. The pump-and-dump scam is used by criminals to drive up the market price of an unknown or even self-created currency.

They achieve this by spreading disinformation on the World Wide Web or on social media or by luring co-investors with unreasonable profit expectations. Make sure that the provider of Second Renaissance Investments provides you with all the necessary facts on the subject, if requested.

Recognising investment fraud in general

You would like to invest money with Second Renaissance lnvestments? In this case, you should find out all the necessary information about the company. Investment fraud is a special form of fraud. The criminal promises or deceives a larger circle of people about a profitable investment in the capital market.

Capital investment fraud is punishable by a prison sentence of up to three years or a fine, in accordance with § 264a StGB. The following services and strategies may be considered as capital investment fraud:

  • Boiler room scam, a cold call seeking investors by telephone call
  • Participations in securities, funds and certificates
  • Unintentional telephone advertising calls, so-called cold calling
  • Participations in companies

Anyone who has fallen for investment fraudsters has often invested a lot of capital. What can you do in case of investment fraud?

  1. Asserting claims for damages: Clients who were not correctly informed can claim damages from the investment advisor.
  2. Involve criminal police and financial supervisory authority via a legal expert: There are collective police proceedings against certain fraudulent companies in the FRG and also abroad. The police are entitled to have the bank accounts of the criminals blocked and the assets seized. On top of that, the prosecuting authorities are called in.
  3. Withdraw or contest contracts: Affected persons who have concluded a contract can withdraw or contest it in the case of investment fraud.
  4. Retrieve money from Second Renaissance investments: If payments have been realised via credit card, this can be retrieved in several cases by involving a law firm. In the case of bank transfers from the current account, this can usually be recovered by means of a bank order.

Alleged service to recover funds

Anyone who has ever lost funds through a fraudulent investment platform knows how fatal this can be. That alone is bad enough. But in addition, the criminals behind the bogus scheme contact you by email or phone call in a manageable amount of time.

This time, however, they do not pretend to be online brokers of Second Renaissance Investments. Rather, they guarantee to help recover the lost money in exchange for a payment. Many scammers even appear to have been hired or commissioned by trusted organisations such as a financial regulator.

After stealing your personal information, the perpetrators often pose as good Samaritans. They guarantee to help you recover the stolen money. Even if you have invested money with a service provider such as Second Renaissance lnvestments, your data may be stolen.

Anyone who has lost a considerable amount of money is usually desperate. Criminals exploit people’s desperation by posing as “recovery companies”. They offer their services under the pretext of helping them get their funds back. That is, they securitise in a dubious manner that they will get back the lost capital.

Getting money back from Second Renaissance Investments?

You have invested with Second Renaissance lnvestments, or another provider? Now you are encountering difficulties with the repayment? Then it is advisable to block further payments immediately. This applies especially if the provider demands additional payments to compensate for deficits. In addition, one should try to recover the lost capital.

In this context, aggrieved parties can seek investor protection and contact the lawyers of our law firm. We examine civil law as well as criminal law options and possible claims for damages against the company and against involved payment service providers such as financial institutions.

“A private investor who loses his capital in the course of online trading is certainly not an isolated case. Many investors are fooled by the professional appearance of the financial providers and do not register in time that they are not responsible for their losses.”

Our recommendation is therefore not to resign, but to react quickly and actively. Because the prospect of recovering the lost money is often greater than the aggrieved capital investors assume. Would you like to talk to one of our lawyers about Second Renaissance investments? Then click here to go directly to our contact form.