Category: Financial Services

May 20, 2020 BY Steffy Bogdanova

New Zealand FMA adds Altrice Investment Co. Limited to its warning list

New Zealand watchdog found that Altrice Investment is not a registered financial service provider and recommend exercising caution if approached by the company. Hong Kong Securities Futures Commission has also published a warning about Altrice Investment noting it is an unlicensed entity in Hong Kong. The warning also notes that Altrice is using bank accounts in Hong…

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fca warning
May 20, 2020 BY Steffy Bogdanova

UKcompare.org, The Bond Market and others added to FCA warning list

UKcompare.org Address: 86 Baker Street, W1U 6AG, London Website: www.ukcompare.org The Bond Market Address: 101 Gresham St, London, EC2R 7HE Telephone: 020 386 9873 Email: [email protected] Website: www.the-bondmarket.com Universal Loans Address: 31 Charles Street, Manchester M17DG, United Kingdom Telephone: 01613750199, 01618500797 Email: [email protected] Website: www.universalloans.co.uk Bit-Holdings Address: 6 London Street, London EC3R 7LP and Seedammstrasse…

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cysec cif licence suspension
May 19, 2020 BY Steffy Bogdanova

CySEC warns about fraudulent representation

The Cyprus regulator said that such cases occur often and may be part of a sophisticated online scheme to defraud investors. Typically, such scams may have the following characteristics: Individuals claim to be CySEC officers, appointed representatives of CySEC, other Cypriot supervisory authorities or bank representatives appointed by CySEC. These scammers contact investors that are…

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regulations
May 19, 2020 BY Steffy Bogdanova

World Federation of Exchanges embraces the suspension of the ban on short selling

WFE published a paper reviewing the academic literature on short-selling and short-selling bans, comparing the arguments against banning short-selling with the arguments in favour. “What does academic research say about short-selling bans?” almost unanimously indicates that short-selling bans are disruptive for the orderly functioning of markets. They are found to reduce liquidity, increase price inefficiency…

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May 19, 2020 BY Steffy Bogdanova

New Zealand FMA adds Pioneer Income to its warning list

New Zealand watchdog received a report that Pioneer Income representatives have made unsolicited calls to a New Zealand resident to sign up to their online trading system via their website. Pioneer Income is not registered as a financial service provider in New Zealand and is therefore not permitted to provide financial services/products to New Zealand residents.…

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AMF issues impersonators scam warning
May 18, 2020 BY Steffy Bogdanova

French regulator suspends ban on short selling

AMF wanted to avoid any pro-cyclical influence that the considerable uncertainties and decline in the market may have caused and implemented the unprecedented measure of prohibiting net short positions. Since the ban, markets have partly reduced their losses, trading volumes and volatility levels, although still high, have resumed to more normal positions. The French market’s…

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ASIC suspends AFS license
May 18, 2020 BY Steffy Bogdanova

ASIC cancels Tailormade Financial Strategies’ AFS licence

Responsible entities holding an AFS licence are obligated to have the minimum level of net tangible assets of $150,000. Ausfunds failed to maintain this level of financial resources over two consecutive financial reporting periods, despite reminders from its auditor about the financial requirements of its AFS licence. ASIC has the power to suspend or cancel…

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fca warning
May 14, 2020 BY Steffy Bogdanova

Marketrip, Invest Compare and others added to FCA warning list

Marketrip Telephone: 02038079032 Email: [email protected] Website: www.marketrip.com Invest Compare Address: Riverbank House, 1 Putney Bridge approach, Fulham, London, SW6 3BQ Website: http://investcompare.co.uk/ 1stClassFx & @investwithjulia_ Telephone: 07909875988 Email: [email protected] Website: https://1stclassfx.com Instagram: @investwithjulia_ Investorable Website: www.investorable.co.uk Oasis Trade Address: PO Box: Friedrich-Ebert-Anlage 36, Frankfurt, Hessen, 60325, Germany Telephone: +(352)-278-71595; +(61)-488-856837; +(65) -313-84080; +(41)-435-081955; +(852)-305-0033 Email:…

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