June 29, 2018 BY Valentina Kirilova

SFC endorses Stock Exchange of Hong Kong’s initiative to tackle backdoor listings

The Hong Kong Securities and Futures Commission (SFC) has shared its support of the proposals in the Stock Exchange of Hong Kong Limited’s (Exchange) consultation paper published today relating to backdoor listings and shell activities. These proposals are part of a series of initiatives to address concerns about problematic corporate and market conduct and represent…

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June 29, 2018 BY Valentina Kirilova

PwC Hong Kong signs investment agreement with Vitargent

PwC Hong Kong (PwC) has announced that it has entered into an investment agreement today with Vitargent International Holdings Limited, a pioneer in bio-testing technology for product safety. This is PwC's first proposed investment in the biotechnology and internet platform space, bringing together the strengths of PwC and Vitargent to address evolving challenges in food…

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June 29, 2018 BY Valentina Kirilova

AKASOL AG now listed on the Frankfurt Stock Exchange

Deutsche Börse Cash Market has just announced that AKASOL AG (ISIN: DE000A2JNWZ9 ) was listed today in the Prime Standard of the Frankfurt Stock Exchange. The shares of the Darmstadt-based battery manufacturer started trading at €48.80 after an issue price of €48.50 Euro. This takes the current number of IPOs in Frankfurt since the beginning…

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June 29, 2018 BY Valentina Kirilova

FCA warns against CFD Royal clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm CFD Royal. 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 tactics to…

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June 29, 2018 BY Valentina Kirilova

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

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June 29, 2018 BY Valentina Kirilova

ASIC cancels Dover Financial Advisers’ AFS license

On 28 June 2018, ASIC accepted a Court Enforceable Undertaking from Melbourne-based Dover Financial Advisers Pty Ltd and its sole director, Mr Terry McMaster. Mr McMaster is named as the Key Person on Dover’s AFS License (AFSL). Under the terms of the Court Enforceable Undertaking, Dover will cease operating its financial services business by 6…

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June 29, 2018 BY Valentina Kirilova

FCA warns against Nomura and Partners clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Nomura and Partners. 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 tactics…

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