The Nova Scotia Securities Commission announced earlier today that it has ordered Jean-Smaille Germeil and FPE Trading to pay an administrative penalty of $150,000, as well as to cover all the costs in connection with the investigation and conduct of this proceeding before the Commission in the amount of $15,000. Germeil and FPE Trading have repeatedly…
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The Cyprus regulator CySEC has informed investors that the website apextradeoption.com does not belong to a regulated or authorised entity. In the above mentioned website, there is a reference on the name and license number of the former Cyprus Investment Firm B.O. Tradefinancials Ltd (license number 216/13). LeapRate reminds that CySEC has decided to wholly…
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Moscow Exchange (MOEX) has just announced its collaboration with Avelacom, in order to facilitate the connectivity options for professional market participants and their clients from Asia and the Middle East. The exchange informed that it has deployed new Points of Presence (PoPs) in Hong Kong, Singapore, Shanghai, Dubai and Mumbai. Market participants will now have…
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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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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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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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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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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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The UK Financial Conduct Authority (FCA) has put out details of the cloned firms Kleinwort Hambros / SG Kleinwort Hambros Bank Limited and HFS Capital. 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…
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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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