June 20, 2018 BY Valentina Kirilova

CySEC to withdraw Management Company license of Ankor Capital Ltd

The Cyprus Securities and Exchange Commission (CySEC) has just announced that, on its meeting of 30 April 2018, has decided, pursuant to section 121(1)(a) of the Open-Ended Undertakings for Collective Investment Law (UCI Law), to withdraw the authorisation of Ankor Capital Ltd as Management Company, as it has expressly renounced its authorisation. Following the decision…

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June 20, 2018 BY Valentina Kirilova

CISI names Susan Clements its new Global Director of Learning

The Chartered Institute for Securities & Investment (CISI) has announced the appointment of Susan Clements as its new Global Director of Learning. Prior to joining the CISI Susan Clements was Head of Qualifications at the Institution of Civil Engineers, having previously been Membership Development Officer. After graduating from Oxford University, Clements qualified as a Chartered…

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June 20, 2018 BY Valentina Kirilova

FCA warns against Apex Tradex clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Apex Tradex. 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 20, 2018 BY Valentina Kirilova

DFS grants virtual currency license to Square, Inc.

Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Square, Inc., for a virtual currency license. Square currently holds a money-transmitter license from DFS. DFS is pleased to approve Square’s application and welcomes them to New York’s expanding and well-regulated virtual…

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June 20, 2018 BY Valentina Kirilova

Dukascopy Bank welcomes crypto exchanges and crypto brokers

Following its decision of becoming a crypto friendly Swiss bank, Dukascopy Bank has announced that it makes a second step in this direction, opening accounts for players of the crypto industry. The first move has been to start offering CFD on Bitcoin since the first quarter 2018. Now, at the second step, the Bank opens…

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June 20, 2018 BY Valentina Kirilova

ASIC cancels Cairns liquidator’s registration

The registration of Mr Justin James Cadman as a registered liquidator was cancelled on 13 June 2018 following orders made on 8 June 2018 in the Federal Circuit Court of Australia, which resulted in Mr Cadman being declared bankrupt (an insolvent under administration), the Australian regulator ASIC announced earlier today. On 19 June 2018, ASIC…

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June 20, 2018 BY Valentina Kirilova

FCA warns against Storm Finance Limited 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 Storm Finance Limited. Storm Finance Limited 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 20, 2018 BY Valentina Kirilova

SEC shuts down $102 million ponzi scheme

The Securities and Exchange Commission (SEC) has announced that it has filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S. According to the SEC’s complaint, the defendants defrauded more than 600 investors through sales of securities in issuers they controlled,…

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