The UK Financial Conduct Authority (FCA) has put out details of the cloned firm DWK Financial Home. 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…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Tradex Options. Tradex Options is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Eurex Clearing starts offering clearing services for swap transactions to clients of futures commission merchants (FCMs) domiciled in the U.S., Deutsche Boerse announced earlier today. CFTC has already given Eurex Clearing authorization to provide clearing services for swaps for U.S. clearing members as well as their customers The U.S. is an important market for us,…
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FINRA has informed the public that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. for improperly selling shares in initial public offerings (IPOs) to industry insiders. Merrill Lynch will pay a $5.5 million fine, and disgorge $490,530 it earned as revenue from the sales. IPOs included Facebook, Inc. (NASDAQ:FB), General Motors Co. (NYSE:GM),…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Marcus Korsten. 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…
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The Financial Markets Authority (FMA) has just issued a public warning against a scam company called ZonggangCaifu. ZonggangCaifu Website: www.zgtra.com ; www.zgangfx.com ; www.zongforex.com Reason for warning: ZonggangCaifu is not registered, licensed, or regulated in New Zealand as claimed on its websites. The financial service provider registration numbers of FSP1782, FSP1762, FSP488226 and FSP536586 displayed…
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Moscow Exchange (MOEX) has announced that it has started trading sunflower seeds on its Urozhai trading and clearing platform. MOEX offers deliverable forward contracts with expiry dates ranging from 3 to 180 days, as well as deliverable swap contracts. The exchange also uses the Urozhai platform for grain and sugar trading. Igor Marich, Managing Director of the…
Read moreThe Securities and Exchange Commission (SEC) has announced that it has charged 13 individuals and 10 companies for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. The SEC has now charged 18 of Woodbridge’s highest-earning unregistered sales agents who sold more than $400 million of its securities to retail investors,” said Eric…
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The Financial Markets Authority (FMA) has just issued a public warning against a scam company called Golden Financial Service Limited. Golden Financial Service Limited Address: 8 Tango Place, Henderson, Auckland 0610 Website: www.gdfxuk.com ; www.golden-financial.com Phone: +852 6948 8536 Reason for warning: GFS is not licensed to issue derivative products (CFDs) to New Zealand retail…
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The Commodity Futures Trading Commission (CFTC) has just announced that Phaetra Capital GP LLC, Phaetra Capital Management LP, and Argenta Group LLC have been find more than $23 million for defrauding investors. The complete announcement reads as follows: The Commodity Futures Trading Commission (CFTC) announced today that on December 3, a federal court in New York…
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