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 firm British Lenders Limited. British Lenders Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
The Hong Kong Securities and Futures Commission (SFC) has banned Mr Fok Chi Kin from re-entering the industry for eight months from 20 June 2017 to 19 February 2018. Fok was a vice president of JPMorgan Funds (Asia) Limited (JPFL) providing sales support before he tendered his resignation on 8 March 2016. He left JPFL…
Read more
ASIC announced that has banned former financial adviser, Mr Robert Gunner, of Brisbane, Queensland from providing financial services for seven years. Mr Gunner was employed as a representative of GuardianFP from 15 February 2013 until 4 May 2016. ASIC found that between January 2014 and February 2016, Mr Gunner failed to comply with financial services…
Read more
LeapRate Exclusive… Even for the largest global retail forex brokers, breaking into the coveted UK online trading market isn't easy. LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177), posted a £1.8 million (USD $2.3 million) net loss for Fiscal 2017,…
Read more
The U.S. Securities and Exchange Commission today announced additional charges in an enforcement investigation involving the improper handling of American Depositary Receipts (ADRs) by a Wall Street firm’s securities lending desk. The SEC’s order finds supervisory failures by Anthony Portelli, a former managing director and head of operations at broker-dealer ITG Inc., a unit of…
Read more
The new service, TARGET instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real time and will be available around the clock, 365 days a year. The Governing Council of the European Central Bank (ECB) has decided to develop a new service for the settlement of instant payments.…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Dash Loans. 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…
Read more
The Cyprus Securities and Exchange Commission (CySEC) today announced a series of financial penalties imposed on seven Directors and the Group Chief Financial Officer of the former Cyprus Popular Bank Public Co Ltd (“the Company”), following CySEC’s investigation into the Company’s malpractices during the period 2010-2011. A total of €1.14 million of fines have been…
Read more
The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, Every week, I get the honour to discuss the biggest, most relevant topic and trading information from my point of view. This week, I’m going to write an appreciation article on the occasion of Helmut Kohl’s…
Read more
Financing, governance, direct powers: in its response to the European Commission’s public consultation on the review of European supervisory authorities, the Autorité des Marchés Financiers (AMF) has drawn up proposals to strengthen ESMA for the benefit of convergence of supervision in Europe. The AMF is publishing its response to the European Commission's consultation on the…
Read more