The Board of the Cyprus Securities Exchange Commission (CySEC) has just informed that the company Falcon Brokers Ltd.'s CIF authorisation has been withdrawn as of March 2016. LeapRate has already reported of Falcon Brokers losing its CIF license after it was first suspended back in September 2015. CySEC has also ascertained that Falcon Brokers (as…
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The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 30th September 2016, the CIF Starfish Markets (CY) Ltd lost its authorization with number 286/15. The company (formally named Starfish Markets) had received a CySEC license back in December, but never activated it. Starfish Markets is a registered New Zealand company controlled by Malaysian national…
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The Malta Financial Services Authority (MFSA) has become aware of the website https://www.mxtrade.com/ which is falsely stating that MXTrade is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on MXTrade, including CySEC,…
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ASIC has permanently banned former NSW financial adviser Mr Ashley Grant Howard from providing financial services after an investigation found he had: engaged in dishonest conduct; held out that trading he was conducting was authorised; provided financial services when not licensed or authorised to do so; and engaged in conduct that was likely to mislead.…
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The Securities and Futures Commission (SFC) has revoked the licences of Richmond Asset Management Limited and its responsible officer and sole owner, Mr Graham Frank Bibby, and banned him from re-entering the industry for a period of 10 years effective from 31 October 2016 to 30 October 2026. The disciplinary actions follow a review of…
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Victims of signals and managed account firm Monarch FX, which was run by Quinten Hunter until he was hit with a four-year ban from the financial services industry in December 2014, have been told by the Financial Ombudsman Service (FOS) to contact a man called Ronnge Sa to arrange payment. Mr Sa is a director…
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The Ontario Securities Commission (OSC) has approved a no-contest settlement agreement with CIBC World Markets Inc., CIBC Investor Services Inc. and CIBC Securities Inc. (the CIBC Dealers) in relation to a matter that the CIBC Dealers discovered and self-reported to the OSC, and that resulted in certain clients paying excess fees. This settlement follows allegations…
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The Malta Financial Services Authority (MFSA) has become aware of the website https://www.tradingbanks.com/ which is falsely stating that tradingbanks is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on tradingbanks, including South Africa’s…
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The Board of the International Organization of Securities Commissions (IOSCO) has published a report on the implementation of the G20/FSB post crisis recommendations aimed at strengthening securities markets. The Implementation Report: G20/FSB Recommendations related to Securities Markets has been prepared by IOSCO’s Assessment Committee, as part of its G20 Markets Reform Review Project. This effort involved…
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Moscow Exchange Group has just announced that in the third quarter of 2016, the value of securities under custody continued to grow and reached RUB 33.6 trillion; this was a 13% increase as compared with Q3 2015 (RUB 29.6 trillion). The number of security issues serviced by NSD rose by one third (from 8.2 thousand…
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