Financial Pyramids and their Regulatory Perspectives Cover Image

Finančné pyramídy a ich regulačné perspektívy
Financial Pyramids and their Regulatory Perspectives

Author(s): Ľubomír Čunderlík
Subject(s): Commercial Law
Published by: Univerzita Karlova v Praze, Nakladatelství Karolinum
Keywords: financial pyramids; Ponzi scheme; pyramids on the financial market; typology of pyramid schemes; prevention and investor protection

Summary/Abstract: It can be stated that there is no explicit regulation of the issue of financial pyramids in thelegal order of the Slovak Republic or on European law level. In the legislation, it is possible to distinguish case-by-case whether it is a general prevention of financial pyramids or whether it is a regulation-specific prohibition regarding activities on the financial market. The national financial market supervisory authority in particular plays an important role in the field of protection. In the article, the author identifies the essential features of the pyramid schemes in general, subsequently in the light of financial market regulation.

  • Issue Year: 66/2020
  • Issue No: 3
  • Page Range: 27-35
  • Page Count: 9
  • Language: Slovak