SFC fines
August 16, 2018 BY Valentina Kirilova

SEC fines Ameriprise Financial Services $4.5 million

The Securities and Exchange Commission (SEC) has announced that Ameriprise Financial Services Inc. will pay $4.5 million to settle charges that it failed to safeguard retail investor assets from theft by its representatives. According to the SEC’s order, five Ameriprise representatives committed numerous fraudulent acts, including forging client documents, and stole more than $1 million…

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fca warning
August 16, 2018 BY Valentina Kirilova

FCA warns against Schroeder Law 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 Schroeder Law Firm. Schroeder Law Firm is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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August 16, 2018 BY Mariela Naydenova

AT&T gets a $224 million-lawsuit from an angry Bitcoin investor

The world's largest telecommunications companies in the world, AT&T, is getting a lawsuit for $224 million-suit form a Bitcoin investor, according to whom, he lost a considerable amount of money due to AT&T's negligence. Michael Terpin is now suing AT&T for $24 million, because, in his, opinion, the mobile provider has "allowed" a hacker to…

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August 15, 2018 BY Mariela Naydenova

The Caribbean Islands with state-owned digital coin

Bitt Inc. is a fintech company based in the Caribbean Islands, in Barbados, that uses blockchain to aid P2P payments via mobile applications. The company has recently signed a Memorandum of Understanding with the Central Bank in the Caribbean Islands or CBCS (Central Bank of Curacao and Sint Maarten) for the development of a government-owned…

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fca warning clone firm
August 15, 2018 BY Valentina Kirilova

FCA warns against Capital Finance Group Limited clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Capital Finance Group Limited. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…

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FlexTrade adds Paul Beatty to team
August 15, 2018 BY Valentina Kirilova

Spot Trading's Stephen A. Brodsky joins R.J. O’Brien as Chief Strategy Officer

Chicago-based R.J. O’Brien & Associates (RJO), the independent futures brokerage and clearing firm, has announced that Stephen A. Brodsky – long-time exchange, trading and capital markets executive – has just joined the firm as Chief Strategy Officer. Brodsky, also Senior Managing Director, reports to Chairman and CEO Gerald Corcoran in the newly created role. Brodsky…

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warning
August 15, 2018 BY Valentina Kirilova

FCA warns against 365 Binary Option owned by Oproserv Ltd

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 365 Binary Option owned by Oproserv Ltd. 365 Binary Option is not authorised by the FCA but has been targeting people in the UK and is…

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