Category: Financial Services

Australia cfh office
August 22, 2019 BY Valentina Kirilova

ASIC to completely ban binary options and restrict CFDs sale

Australian regulator ASIC have once again expressed their concern regarding consumers who trade binary options. According to the regulator, consumers continue to suffer significant harm from trading these products, despite the regulatory measures taken so far. The main notable points in ASIC's latest consultation paper are: Leverage restrictions of maximum 1:20 Imposed margin closeout level…

Read more
fca warning
August 21, 2019 BY Valentina Kirilova

FCA warns against three unauthorized companies

UK financial regulator Financial Conduct Authority (FCA) has issued three more warnings this week, this time against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies: Breckland Trading Highsmith Capital Partners Rendex Trading The companies are not authorized by the FCA but have been targeting people in the…

Read more
regulations
August 20, 2019 BY Valentina Kirilova

MFSA restricts the sale of CFDs for retail clients

The Malta Financial Services Authority (MFSA) informed today that it has updated the Conduct of Business Rulebook, announcing permanent restrictions regarding the marketing, distribution or sale of Contracts for Differences (CFDs) to retail investors. During the last years, the European market has witnessed a rapid increase in the marketing, distribution or sale of CFDs to…

Read more
fca warning
August 20, 2019 BY Valentina Kirilova

UK FCA continues with the unauthorised firms warnings

The UK Financial Conduct Authority (FCA) has put out details of several more unauthorised firms this week. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people in the UK that they work for a genuine, authorised firm. Their details can be seen below, keep in mind that the…

Read more
sfc bans
August 19, 2019 BY Valentina Kirilova

Hong Kong SFC bans a former account executive of DBS Vickers

The Hong Kong Securities and Futures Commission (SFC) announced today that it has banned Mr Samuel Lee Kwok Tung from re-entering the industry for eight months ending 16 April 2020. Tung is a former account executive of DBS Vickers (Hong Kong) Limited (DBSVHK) and, according to the regulator, has falsely stated that he was the…

Read more
scam company
August 19, 2019 BY Valentina Kirilova

New Zealand FMA warns against Trinity Investments Limited firm

The Financial Markets Authority (FMA) has recently added a new name to its list of unregulated firms. The latest addition is the company Trinity Investments Limited. According to the FMA, the company could be involved in a scam. The regulator has received a complaint from a New Zealand resident who has invested with Trinity Investments…

Read more
Belize regulator IFSC warning
August 16, 2019 BY Valentina Kirilova

Belize regulator IFSC warns against Gann Markets Corp.

Belize financial regulator IFSC has just issued a Warning Notice regarding a company called Gann Markets Corp. The new entity is a Belize Company incorporated under the International Business Companies Act (IBC), Chapter 270 of the Laws of Belize. According to the regulator, Gann Markets Corp. is NOT authorised to hold itself out as providing…

Read more
fca warning
August 16, 2019 BY Valentina Kirilova

FCA warns against three unauthorized companies

UK financial regulator Financial Conduct Authority (FCA) has issued some more warnings this week, this time against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies Citi Finances, Mango Capital, and Smart Loans. The companies are not authorized by the FCA but have been targeting people in the…

Read more
fca warning clone firm
August 16, 2019 BY Valentina Kirilova

UK FCA issues warnings against several clone firms

The UK Financial Conduct Authority (FCA) has put out details of several clone firms today. The names of the clone companies are Retirement Planning and Global Reclaim. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or…

Read more