Category: Financial Services

FCA investigates Coronavirus scams
August 24, 2020 BY Valentina Kirilova

FCA investigates over 150 Coronavirus related scams

Experts have warned that the rise in sophisticated Covid-19 related scams could leave financial services firms open to the risk of financial crime, especially with increasingly stringent Anti-Money Laundering (AML) legislation in the pipeline. Max Worrall, General Markets Sales Manager, Encompass Corporation commented: The Covid-19 pandemic has seen a rapid increase in the number of  financial crime scams…

Read more
FCA warning
August 21, 2020 BY Valentina Kirilova

FCA warns against a clone of the company Claims.net

Claims.net (clone of UK registered public company) Telephone: 01615051260; 0239388028; 02037690910 Email: [email protected] UK registered public company details This UK registered public company that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details…

Read more
Canadian regulator BCSC warns against Highgoldminings.com, Crypto Hallmark Investment and others
August 21, 2020 BY Valentina Kirilova

Canadian regulator BCSC warns against the companies 3storich and Mining Vault

3storich claims to be located in Toronto, Ontario, and also claims to offer investment plans with different rates of returns in cryptocurrency trading. 3storich accepts British Columbia (BC) residents as clients, however, the company is not registered to trade in, or advise on, securities or derivatives in BC. The regulator advises caution when dealing with companies…

Read more
Moscow Exchange
August 21, 2020 BY Valentina Kirilova

MOEX reports record results for Q2 2020

Financial highlights: Yury Denisov, Chief Executive Officer of Moscow Exchange, said: Most MOEX employees have been working from home since the beginning of the pandemic, and I’m proud to report this has not hampered our ability to successfully grow the business. We continue to deliver new projects, offer new opportunities for investors and traders and…

Read more
FCA warning
August 20, 2020 BY Valentina Kirilova

SJCF Investments, Royalstox and others added to FCA's warning list

SJCF Investments Address: 17 Hanover Square, Mayfair, London W1S 1HU Telephone: +44 0203 890 6058; 02038832067; 020 3925 0660 Email: [email protected]; [email protected]; [email protected] Website: www.sjcf-investments.co.uk Global Asset Management Address: 488 Madison Avenue, New York, NY 10036, United States Telephone: +19143395191, +19144624918 Email: [email protected] Website: www.globalassetmanagementllc.com Royalstox a trading style of Marom Partners Limited Address: 3…

Read more
FCA warning
August 14, 2020 BY Steffy Bogdanova

Bonds Today, COFINANCIAL and others added to FCA warning list

Bonds Today Address: 25 Fenchurch Ave Langbourn, London, EC3M 5AD, UK Website: https://bonds-today.com/ COFINANCIAL Address: Trust Company Complex, Ajeltake road, Ajeltake Island, Marshall Islands MH 96960 Telephone: +442038853652; +442037698609; +44 20 3885 4946; +44 1579 439584; +44 1204 566502 Email: [email protected] Website: https://cofinancial.net/ Oakfort Recovery Address: Jabotinsky Rd 7, Ramat Gan, Israel, 5252007, Moshe Aviv…

Read more
CME Group
August 14, 2020 BY Steffy Bogdanova

CME Group to release futures on Nasdaq-100 Volatility Index

Lauren Dillard, EVP and Head of Nasdaq's Global Information Services commented: The Nasdaq-100 index tracks the world's most innovative companies and has shown incredible strength and resilience through its outstanding performance. The VOLQ index enables investors to track Nasdaq-100 volatility, and CME Group's launch of VOLQ futures is a great step in bringing more innovative…

Read more
SEC
August 14, 2020 BY Steffy Bogdanova

SEC raises charges against Boon.Tech and CEO for $5 million ICO

Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit said: Investors are entitled to truthful disclosures from issuers of securities, whether digital or otherwise.  Pavithran and Boon.Tech defrauded investors by convincing them to fund this endeavor based on the allure of innovation that simply did not exist. The US watchdog found that Boon.Tech and…

Read more
Wirecard Card Solutions
August 13, 2020 BY Steffy Bogdanova

Former Wirecard COO Jan Marsalek on the run, added to Interpol’s most wanted list

Three other former executives of Wirecard have been arrested including former chief executive officer Markus Braun. The prosecutors suspect that the company has known about the losses since 2015. The Braun, Marsalek and the two other executives allegedly conspired to about €3.2 billion euros ($3.7 billion) in fraudulent loans. Allegedly, they intended to inflate the…

Read more