Legal Notice


Information pursuant to section 5 TMG (German Telemedia Act)

Independent Research – Unabhängige Finanzmarktanalyse GmbH
Taunusanlage 9-10
60329 Frankfurt

Represented by
Pierre Drach, managing partner

Telephone: +49 (0) 69 5050 60 4245
Fax: +49 (0) 69 5050 60 4299
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Commercial register entry
Court of registry: Frankfurt am Main
Company registration number: HRB 40028

Value added tax identification number pursuant to section 27a UStG (German Value Added Tax Act)
DE 172288746

Competent supervisory authority
Federal Financial Supervisory Authority (BaFin) – Non-core investment services provider pursuant to section 86 WpHG (German Securities Trade Act)

Responsible for the content pursuant to section 55 paragraph 2 RStV
Independent Research – Unabhängige Finanzmarktanalyse GmbH
Pierre Drach, managing partner
Taunusanlage 9-10
60329 Frankfurt

Impressum-Generator, Fachanwalt für Internetrecht Sören Siebert


Liability for content
The content of this web site has been compiled with great care. However, Independent Research does not warrant the correctness, completeness and up-to-dateness of the content. As a service provider, pursuant to section 7 paragraph 1 TMG (German Telemedia Act), we are responsible for the content of these pages under general legislation. Pursuant to sections 8 to 10 TMG, we are not, however, obliged as a service provider to monitor information from third parties that is transferred to us or stored by us or to investigate circumstances that indicate illegal activity. Obligations to remove or prevent the use of information under general legislation remain unaffected by this. However, any liability in this respect can only be assumed from the point in time at which an infringement of the law becomes known to us. As soon as we become aware of such infringement, we will remove the content in question.

Liability for links
This web site contains links to other web sites which are not under our control and are not maintained by us. We accept no responsibility for the content of those web sites. This content is the sole responsibility of the owners or operators of the linked web sites. At the time of linking these websites, the linked websites were checked with regard to possible infringements. At the time of linking such infringements were not observed. However, permanent control of the contents of the linked web sites is not reasonable without concrete evidence of an infringement. We will immediately remove the respective links if we become aware of any infringement.

The contents of this web site created by the site operators are subject to German copyright law. Unauthorised reproduction, modification, distribution and exploitation is subject to prior written consent by the respective author. Downloading and copying these pages is only permitted for private, non-commercial use. The copyright of third parties will be acknowledged, and third party content will be marked as such. Should you become aware of any copyright infringement after all, please notify us. We will remove such content immediately.

Images and photos
Some images on this web site have been taken from (photographer - section): Stockphoto4u - Newsletter; catenarymedia - Product research; blackred - White label research, Small cap research, and Press/TV; DNY59 - Research; pixdeluxe - Fund advisory services; robymac - Market screening; laflor - Consulting; STEVECOLEccs - News research, Credit research; AlexanderNovikov - Conferences; Yuri_Arcurs - Road shows; H-Gall - Company valuation; AnthiaCumming - Commodity research; fotoVoyager - IPO research; samxmeg - References; Goodluz - Careers; eugeonefish - Press/TV