ASIC
October 30, 2018 BY Valentina Kirilova

ASIC disqualifies two separate Queensland SMSF auditors

Australian regulator ASIC has today announced that it has disqualified two separate self-managed superannuation funds (SMSF) auditors, John Gilliland and Douglas Coghlan, of Queensland, for breaching independence requirements. ASIC found both Mr Gilliland and Mr Coghlan had separately breached auditor independence requirements in auditing their own funds, the fund of an immediate family member and…

Read more
Binance seeks to curb SEC’s hunt for “fraud”
October 30, 2018 BY Valentina Kirilova

eToro adds the Binance Coin to its product range

FX broker eToro has announced that it has added the Binance Coin (BNB) to its product range. This brings the total number of cryptoassets available on eToro to thirteen. eToro is the first platform to offer BNB to investors and traders to buy or sell using fiat. BNB is a token issued by Binance, which…

Read more
IG Group June Felix CEO
October 30, 2018 BY Valentina Kirilova

IG Group hires Verifone exec June Felix as CEO

UK online trading leader IG Group Holdings plc (LON:IGG) has announced the appointment of June Felix as Chief Executive Officer (CEO) of the Group and as an executive director on the Board of IG with immediate effect. The move comes just one month after IG CEO Peter Hetherington announced his surprise resignation. Until the recent…

Read more
October 29, 2018 BY Mariela Naydenova

China - cryptocurrency is property, not currency

Countries around the world are still struggling to classify cryptocurrencies. The SEC even created a special office to deal with fintech and new digital assets. China has come out to classify cryptocurrencies as legal properties, and not legal currencies. The Shenzhen Court of International Arbitration (SCIA) has ruled out that digital coins, especially Bitcoin, are…

Read more
fca warning
October 29, 2018 BY Valentina Kirilova

FCA warns against Youcompareinsurance firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Youcompareinsurance. Youcompareinsurance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

Read more
fma scam alert
October 29, 2018 BY Valentina Kirilova

New Zealand FMA warns against Financial Capital Alliance (Asia) Limited

The Financial Markets Authority (FMA) has just issued a warning against a scam company called Financial Capital Alliance (Asia) Limited. Financial Capital Alliance (Asia) Limited Associated entities/individuals: PSA Trade Limited; HK Wenxianqui Trade Co Ltd; Spride Limited Address: 100 Queen’s Road, Central, Hong Kong Website: www.fcaa-limited.com Email: [email protected], [email protected] Reason for warning: The FMA recommended…

Read more
cssf warning
October 29, 2018 BY Valentina Kirilova

Luxembourg regulator CSSF warns against Monterry Finance firm

The Commission de Surveillance du Secteur Financier (CSSF) has just warned the public of the activities of an entity named Monterry Finance, which claims to be established at Place de Paris, 2314 Luxembourg. The company operates via the website  https://monterry-finance.com. The CSSF informed that Monterry Finance is not regulated by the CSSF and the entity has…

Read more