Category: Financial Services

FCA warning
December 22, 2020 BY Steffy Bogdanova

MIR Capital S.C.A, Lombard London and others added to FCA's warning list

MIR Capital S.C.A Addresses: One Canada Square, Canary Wharf, London, United Kingdom E14 5AB; Luxembourg Office (Headquarters), 19-21 boulevard du Prince Henri, Luxembourg L-1724 TelePhone: +44 20 71839831, +44 20 7183 9851, +352 20 88 27 72 Email: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected] Website: https://www.mircapitalsca.com/ Lombard London / Lombard AM (Clone of FCA authorised…

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ASIC
December 22, 2020 BY Steffy Bogdanova

Former Australian financial adviser pleads guilty to theft

The former Syndey financial advisor pleaded guilty to a charge that, between June 2011 and April 2012, he used his position as a director dishonestly, with the intention of gaining advantage for either himself or Flowers Financial Management, by causing the transfer/withdrawal of $179,500 of seed capital. Flowers also pleaded guilty to a charge that,…

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Whistleblower
December 21, 2020 BY Steffy Bogdanova

SEC awards whistleblowers more than $3.6 million

Jane Norberg, Chief of the SEC’s Office of the Whistleblower said: Today's three awards demonstrate the SEC's continuing commitment to making awards to individuals who provide high-quality information that assists the agency in bringing successful enforcement actions. These awards also show that the Commission will take into account the unique facts and circumstances of each…

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December 21, 2020 BY Steffy Bogdanova

Hong Kong SFC introduces new electronic licensing services

The new online features include web-based licensing forms with auto-fill and skip logic features and pre-set validation rules to reduce errors. The features also support electronic. Upgraded administration functions will allow separate accounts for licensees and their professional advisory firms, giving them more flexibility in how they handle licensing matters and manage submissions. Ashley Alder,…

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SEC
December 18, 2020 BY Steffy Bogdanova

Robinhood to pay $65 million to settle charges with SEC for misleading customers

Stephanie Avakian, Director of the SEC’s Enforcement Division, commented: Robinhood provided misleading information to customers about the true costs of choosing to trade with the firm. Brokerage firms cannot mislead customers about order execution quality. Joseph Sansone, Chief of the SEC Enforcement Division’s Market Abuse Unit, added: Robinhood failed to seek to obtain the best…

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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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