Nagengast elected to fill one of three large-firm seats on FINRA Board FINRA has announced the results of voting by its large firm members that took place at its Special Meeting on June 28 to elect one Large-Firm Governor to the FINRA Board of Governors. Jim Nagengast, Chief Executive Officer (CEO) of Securities America Financial…
Read moreUK 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…
Read moreOn 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…
Read moreThe 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…
Read moreCyprus financial regulator CySEC has announced that at its meeting of June 25, 2018, it has decided to wholly withdraw the Cyprus Investment Firm (CIF) authorisation license with number CIF 159/11 of the company Blackwell Global Investments (Cyprus) Ltd. CySEC did not give any specific reason for its decision. However we understand that the giving up…
Read moreContineo, Asia’s largest messaging network and data provider for structured products, has announced that Antoine de Charnacé has been appointed as CEO. Mr. de Charnacé joins Contineo from DBS Private Bank and brings significant financial services experience and a deep knowledge of both structured products and private banking. Mr. de Charnacé said Contineo has brought…
Read moreTOCOM, The Tokyo Commodity Exchange, has announced that Japanese commodity brokers are going to introduce Tradency RoboX for commodity futures. Four Japanese commodity brokers are already preparing for introduction. Several companies are planning introduction. The commodity futures version RoboX service is planned to be offered this fall. The Tokyo Commodity Exchange(TOCOM) shared its belief that…
Read moreThe Board of the Cyprus Securities and Exchange Commission (CySEC) has informed the public that, at the meeting held on 5th March 2018, decided to impose an administrative fine of €50.000 to Karkotis Manufacturing & Trading Public Ltd for violation of section 130 of The Cyprus Securities and Cyprus Stock Exchange Laws (L.14(I)/1993). The company…
Read moreThe Hong Kong Securities and Futures Commission (SFC) has informed that it has commenced proceedings in the Market Misconduct Tribunal (MMT) against Mr Li Kwok Cheong and Mr Li Han Chun, former chairman and chief executive officer (CEO) of China Forestry Holdings Company Limited (China Forestry), respectively, for suspected disclosure of false or misleading information…
Read moreAustralian regulator ASIC has announced that it has disqualified Mr Craig Hall Walton of East Melbourne, Victoria, from managing companies for four years as a result of his involvement in two failed companies. Mr Walton was disqualified after liquidators were appointed to Walton Construction Pty Ltd ACN 060 900 218 and Walton Construction (QLD) Pty…
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