Category: Financial Services

fca warning
May 20, 2019 BY Valentina Kirilova

UK FCA issues several warnings against unauthorized companies

UK financial regulator Financial Conduct Authority (FCA) has issued several warnings against unregulated financial services providers targeting UK consumers. The FCA’s latest warning includes the companies Platinum Global Associates, Bealgo, and 10 Capital / 10-Capital. The FCA has once again strongly advised individuals to only deal with financial firms that are authorised by the regulator,…

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clone firm FCA warning
May 17, 2019 BY Valentina Kirilova

FCA warns against several clone firms

The UK Financial Conduct Authority (FCA) has put out details of several clone firms today. 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 giving out the following details as part of their tactics to scam…

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smartTrade increases presence in Australia, strengthens partnership with NAB
May 17, 2019 BY Valentina Kirilova

Clearstream acquires Ausmaq Ltd, enters Australian market

Clearstream, the post-trade services provider of Deutsche Börse Group, announced that it has reached an agreement with National Australia Bank Limited (NAB) to acquire its Sydney-based specialist managed funds services business Ausmaq Limited. The deal is expected to be finalized in H2 2019 and Ausmaq will become a 100% subsidiary of Clearstream. Clearstream continues its…

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asic bans
May 16, 2019 BY Valentina Kirilova

Former Kaz Capital financial adviser banned for 6 years

Australian regulator ASIC informed the public today of its decision to ban Mr David Stephen Cornford of Centennial Park, New South Wales, from providing financial services for a period of 6 years. Cornford was employed as an adviser at Kaz Capital Pty Ltd between 2014 and 2017. According to the regulator, Cornford was: buying and…

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clone firm FCA warning
May 14, 2019 BY Valentina Kirilova

FCA warns against Bristol and West Investments clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bristol and West Investments. 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 giving out the following details as part of their…

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Euronext
May 13, 2019 BY Valentina Kirilova

Euronext to acquire up to 100% of Oslo Børs VPS’ capital

Euronext announced that it has received clearance from Norway’s Ministry of Finance to acquire up to 100% of Oslo Børs VPS’s capital, as applied for. Euronext has already confirmed its intention to complete the transaction by the end of June 2019. Back in December 2018 Euronext raised its commitment to 50.6% of Oslo Børs VPS…

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