Merrill Lynch, Pierce, Fenner & Smith, Eagle Strategies and Cozad Asset Management ordered to reimburse investors LeapRate

April 20, 2020 BY Steffy Bogdanova

Merrill Lynch, Pierce, Fenner & Smith, Eagle Strategies and Cozad Asset Management ordered to reimburse investors

C. Dabney O’Riordan, Co-Chief of the Asset Management Unit said: This incredibly successful initiative led to the return of almost $140 million to harmed investors, stopped wrongful conduct, and highlighted the importance of an adviser’s obligations to provide full and fair disclosures to clients. We continue to actively pursue disclosure failures that financially benefit the…

April 17, 2020 BY Steffy Bogdanova

ESMA and MAS sign a MoU on Singapore's Financial Benchmarks

Steven Maijoor, ESMA Chair, commented: The finalisation of the MoU with MAS is an important step towards the completion of the EU’s third country regime for benchmarks. Regulators around the world are committed to the accuracy and reliability of key global benchmarks and this MoU will facilitate the achievement of these objectives. Ong Chong Tee,…

April 17, 2020 BY Steffy Bogdanova

Whistleblower awarded over $27 million

So far, the agency has awarded over $425 million to 79 individuals for their help 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…

April 17, 2020 BY Steffy Bogdanova

New Zealand FMA adds MetalsWise to its warning list

The website claims that the company operates from the UK. However, The Financial Conduct Authority (FCA) in the United Kingdom states that MetalsWise is not registered there. Currently, the company is advertising on New Zealand radio. MetalsWise is not registered or licensed to offer financial services in the country. Read More: New Zealand FMA adds…

April 17, 2020 BY Steffy Bogdanova

NICE Actimize launches automated solution with increased speed KYC Xpress

NICE Actimize KYC Xpress solution is powered by the cloud and provides organizations with the ability to perform searches across a comprehensive variety of global data sources, returning the needed information quickly. The automated solution of NICE Actimize organizes the aggregation of data from global sanctions, PEP, adverse media, corporate ownership, enforcement lists and I…

April 16, 2020 BY Steffy Bogdanova

British Bonds, Claims Assistance UK and others added to FCA warning list

British Bonds Address: 57 Stamford Street, Bishop’s, London, SE1 9NN Telephone: 0203 769 3879 Website: www.british-bonds.co.uk Claims Assistance UK Telephone: 02039361978; 02837180035 Email: [email protected] Best Rate ISA’s Address: 25 Old Broad Street, London, EC2N 1HQ Telephone: 020 8769674 Website: Best-rate-isas.com Email: [email protected] CoinBits Address: Suite 305, Griffin Corporate Centre, Beachmont, P.O Box 1510, Kingstown Sant…

April 16, 2020 BY Steffy Bogdanova

Eurex STS obtains German banking licence for Buy-in Agent service

Marcus Addison, Managing Director at Eurex STS commented: We are delighted to have received the banking licence from BaFin, and we will continue to work towards launching our new service for the buy-in regime in February 2021. Our solution leverages our considerable experience in offering trusted securities trading infrastructure to the market – it will…

April 15, 2020 BY Steffy Bogdanova

New Zealand FMA adds Horse Forex and Whitley Trading Group to its warning list

FMA advises caution when dealing with Whitley Trading Group and its website https://www.whitleytrading.com and that the entity might be involved in a scam. Whitley Trading Group does not appear to be listed on the FSPR and is not an incorporated company in New Zealand. The address provided on the website, 1-19 Customs Street West, Commercial…

April 13, 2020 BY Valentina Kirilova

UK FCA adds more companies to its warning list

Coin2FX Address: Tower 42, 25 Old Broad Street, London, EC2N 1HN and 54 Downage, London, England, NW4 1AH Telephone: 0203 769 4030 Email: [email protected] Website: www.coin2fx.com Debt Struggles Telephone: 02030269680 Email: [email protected] Website: www.debtstruggles.co.uk CentDesk / CentDesk Capital Limited Address: 20-22 Wenlock Rd, Hoxton, London N1 7GU, UK and 55 Gracechurch Street, London, England, EC3V…

April 10, 2020 BY Valentina Kirilova

CySEC withdraws the CIF authorisations of two more companies

CySEC also announced earlier today that it has decided to withdraw the Cyprus Investment Firm authorisation with Number 110/10 of AMG Kapital Limited, again due to the firm’s decision to renounce it. Read More: UGL Exchange Ltd’s CIF licence suspended CySEC suspends CIF licence of M.G.T.M. Financial Services Ltd CySEC suspends CIF licence of Prior Capital…

Category: Financial Services