The Cyprus regulator (CySEC) announced that it has decided to suspend the Cyprus Investment Firm (CIF) authorisation of the company AFX Capital Markets Ltd. The above decision was reached as the aforementioned alleged violation causes concern and risk relating to the protection of the Company’s clients or of the investors and constitutes a threat to…
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The Monetary Authority of Singapore (MAS) has announced that it has teamed up with the Central Bank of Kenya (CBK), signing a FinTech Cooperation Agreement to support digital infrastructure development in Kenya. The partnership aims to develop basic digital infrastructure services for Kenya, including identity, data and Know-Your-Customer utility, based on a set of common…
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It’s been quite a busy week for the UK Financial Conduct Authority (FCA), as it has already put out the details of four clone firms. The newest warning is from today and against the clone company Ralf Werner Tait Capital. Fraudsters are using the details of firms, authorised by the FCA, to try to convince…
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Australian regulator ASIC has announced yesterday that it has cancelled the Australian financial services (AFS) licence of Melbourne based financial services provider, Golden Financial Group Pty Ltd. The cancellation follows a period of suspension from 18 March 2019. The regulator has already shared its concern that Golden Financial was not complying with its general licensee…
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The Financial Markets Authority (FMA) has recently added few more companies to its list of unregulated firms. The newest addition is the website www.fuerfx.com. www.fuerfx.com Email: [email protected] According to the regulator, the reason for this warning is that www.fuerfx.com may be operating a scam. The website www.fuerfx.com is not associated with nor authorised by the…
Read moreThe Securities and Exchange Commission (SEC) has yesterday informed the public that it has charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment trusts (REITs) that were sponsored and externally managed by AR…
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It's been quite a busy week for the UK Financial Conduct Authority (FCA), as it has put out details of two more clone firms today. The newest clone names are Globality Wealth and The Money Supermarket. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work…
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Mauritius financial regulator the Financial Services Commission (FSC) has announced that an entity in the name of Blackcore Ltd is operating an online trading platform via the website https://blackcorerb.com/ and is claiming to be purportedly registered in Mauritius with licence number BL 713685. It is also noted from another website (https://invertirenacciones.net/black-core-en-panama-unbroker-confiable/) that Blackcore Ltd is…
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Busy days for the EU’s securities markets’ regulator ESMA, as the regulator has just published a public consultation on draft guidelines on performance fees under the Undertakings for Collective Investments in Transferable Securities (UCITS) Directive. LeapRate reminds that last week, ESMA has published a statement, addressed to providers marketing, distributing or selling CFDs to retail…
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The Securities and Exchange Commission (SEC) has yesterday informed the public that it has instituted two related enforcement actions against Nomura Securities International Inc. The Japanese financial holding company has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities. Nomura bond traders made false and misleading…
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