Category: Financial Services

FCA warning
December 16, 2020 BY Steffy Bogdanova

Duli Finance Advisory, Stock Market Investments and others added to FCA's warning list

Duli Finance Advisory Address: London, England DA161PT, GB Telephone: +44 074 800 64 181 Email: [email protected] Website: https://www.dulifinanceadvisory.com Stock Market Investments Address: 32 London Bridge St, London SE1 9SG, United Kingdom Telephone: +442080899744 Email: [email protected] Website: https://stockmarketinvestments.org Coinsoft Address: VC Management LLC, First Floor, St Vincent Bank Ltd Building, James Street, PO Box 1574, Kingstown,…

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Whistleblower
December 15, 2020 BY Steffy Bogdanova

SEC awards whistleblower with $300K

So far, the agency has awarded over $731 million to total of 124 individuals since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible for…

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CFTC penalty
December 15, 2020 BY Steffy Bogdanova

TFS-ICAP to pay $7 million fine for misleading clients

The CFTC also found that TFS-ICAP, its former CEO Ian Dibb and its former Emerging Markets desks head Jeremy Woolfenden failed to supervise the broker conduct. The enforcement action resolves that the defendants Dibb and Woolfenden are each to pay a fine of $500,000 for their individual supervisory failures. They have both agreed to not…

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fine
December 14, 2020 BY Steffy Bogdanova

CBOT fines StoneX $20K for trade transfer violations

CBOT stated: The transfers were not made to reconcile an error, omission, or outtrade. CBOT also noted that StoneX has self-reported the transfers, however it had neither admitted nor denied the allegations. LeapRate recently reported that StoneX, formerly known as INTL FCStone, registered excellent financials for the fourth quarter of the fiscal year 2020. The…

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FCA warning
December 11, 2020 BY Steffy Bogdanova

J's World, Team PLTNM and others added to FCA's warning list

J's World / JS World / Jake's Forex / Jake Watson / JSWorld Telephone: 02034887301 / 07724244844 Email: [email protected] / [email protected] / [email protected] / [email protected] Twitter and Instagram: @jsworlduk Website: www.jsworld.co.uk Team PLTNM Email: [email protected]; [email protected] Instagram: @teampltnm Website: https://teampltnm.com Invest 4 Now Email: [email protected] Website: www.invest4now.com Search UK Bonds Websites: www.search-ukbonds.com ; www.searchukbonds.com Address:…

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ASIC
December 11, 2020 BY Steffy Bogdanova

ASIC sues USGFX and representatives for providing FX services in China

ASIC stated that EuropeFX and TradeFred: provided personal advice to clients without licence to do so; made false or misleading representations to clients including about the level of risk to which clients’ funds were exposed and the profits which clients could expect; failing to adequately explain or disclose to clients the risks involved in investing…

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FCA bans sale of crypto-derivatives to retail consumers
December 10, 2020 BY Steffy Bogdanova

The FCA makes speculative mini-bond mass-marketing ban permanent

Sheldon Mills, Interim Executive Director of Strategy and Competition at the FCA commented: We’ve today confirmed our proposals to make the speculative mini-bond ban permanent and extend its scope. These products are high risk and are often designed to be hard to understand. Consumers should always be wary of any investment promising high returns while…

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Whistleblower
December 08, 2020 BY Steffy Bogdanova

SEC awards 5 whistleblowers with $3 million

Jane Norberg, Chief of the SEC’s Office of the Whistleblower said: Today the Commission issued awards to multiple whistleblowers whose information and assistance proved critical to several enforcement matters. In the first quarter of FY2021, the SEC has made whistleblower awards of almost $170 million to 17 individuals, which is already near the record dollar…

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