Category: Financial Services

fca warning
March 18, 2020 BY Valentina Kirilova

FCA adds two more unregulated companies to its warning list

Berwick Asset Management Address: Badenerstrasse 313, 8003, Zurich, Switzerland Telephone: 02038080415, 02038080428 Email: [email protected] Website: www.berwickassetmanagement.com Flairfinance Asset Management (clone of Appointed Representative firm) Address: 11 Brookbridge Court, 1189 Melton Road, Syston, Leicester, LE7 2JT; 5 Brookbridge Court, 1189 Melton Road, Syston, Leicester, LE7 2JT Telephone: 0753 718 5457, 07384 964457 Email: [email protected] Website: www.flairfinance.com,…

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March 18, 2020 BY Steffy Bogdanova

Jury finds investment adviser and its owner guilty for fraud

Previously, the court gave partial summary judgement Westport Capital and McClue were in violation of the Investment Advisers Act by aiding and abetting unauthorized principal transactions. The trail examined whether the defendants acted intentionally or not. On Monday, jurors returned a verdict in the SEC's favor on these counts. Adam Aderton, Co-Chief of the SEC's…

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cysec suspends cif licence
March 17, 2020 BY Valentina Kirilova

CySEC suspends CIF licence of M.G.T.M. Financial Services Ltd

The Cyprus Securities and Exchange Commission (CYSEC) announced yesterday the suspension of Cyprus Investment Firm (CIF) authorisation of the company M.G.T.M. Financial Services Ltd. The regulator suspended CIF licence 270/15 of M.G.T.M. Financial Services Ltd, due to the company’s decision to expressly renounce it. The complete announcement can be seen here. Read more recent regulation…

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ASIC office
March 16, 2020 BY Steffy Bogdanova

ASIC takes steps to ensure stability of Australian equity market

The Australian Securities and Investment Commission (ASIC), has taken measures to ensure the resiliency of the Australian equity market as part of the Government’s response to Covid-19 outbreak. During the last two weeks, the Australian equity market has seen record trading volumes. ASIC and other Council of Financial Regulators agencies, have kept a close eye…

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SGX
March 16, 2020 BY Steffy Bogdanova

Singapore Financial Markets are functioning well despite volatility

The Monetary Authority of Singapore (MAS) said last Friday that that the Singapore Dollar money market and foreign exchange market are working as usual through the heightened volatility in global and domestic financial markets. Financial markets around the world are under pressure because of the widespread Covid-19 outbreak. MAS money market operations have maintained high…

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March 13, 2020 BY Steffy Bogdanova

ESMA issues recommendations for financial market participants regarding Covid-19 

The European Securities and Markets Authority (ESMA), in coordination with the National Competent Authorities (NCAs) is closely monitoring the impact of Covid-19 outbreak on financial markets in the European Union. Following a discussion of the Board of Supervisors examining the marketing situations and observing contingency measures taken by supervised entities, ESMA is making the following…

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fma warns against unregulated company
March 13, 2020 BY Valentina Kirilova

New Zealand FMA adds Trade99 to its warning list

Trade99 appeared yesterday on the New Zealand Financial Markets Authority (FMA) list of alerts and warnings. According to regulator, Trade99 and the website www.trade99.com are not listed on the FSPR. The company is not an incorporated firm in New Zealand. Individuals from Trade99 have been contacting New Zealand residents with investment offers, withholding client funds and…

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