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 Maplewalk t/a Prime Crypto. Maplewalk t/a Prime Crypto is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read more
Pan European regulator ESMA has decided to extend its CFD and Forex leverage cap (and related rules) for a further three months. The three month trial has already ended on November 1. The effects of ESMA’s rules have already begun to be felt by the online brokerage industry, with reduced Revenues reported by the likes of IG Group and CMC Markets.…
Read moreThe European Securities and Markets Authority (ESMA) has reminded UK firms to provide their clients with information on the implications of Brexit. Earlier this year, the regulator issued a Public Statement in order to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the…
Read more
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 Lauder Corporate Partners. Lauder Corporate Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
The Financial Markets Authority (FMA) has just issued a public warning against a scam company called MYfintec. MYfintec Website: www.myfintec.com Phone: +44 20 3936 1150, +42 02 3426 1866, +41 31 5087 465 Email: [email protected] Reason for warning: The FMA is concerned that MYfintec has the hallmarks of a scam, including withholding client funds, pressure…
Read more
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 General Partner Finance Limited. General Partner Finance Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Gulf FX. 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…
Read more
UBS (NYSE:UBS) has agreed to pay $15 million total fine to FINRA, SEC and FinCEN. The financial services company failed to implement anti-money laundering programs. Susan Schroeder, FINRA’s Executive Vice President, Department of Enforcement, commented on the news: AML systems must be reasonably designed to monitor transactions for potentially suspicious activity. When firms are part of…
Read more
Australian regulator ASIC has announced that it has cancelled Evermore Money Management Pty Ltd's AFS license. According to the regulator, the company did not meet the license conditions. The complete text of the regulator’s decision can be seen below: ASIC has cancelled the Australian financial services (AFS) licence of Evermore Money Management Pty Ltd (Evermore) for…
Read more
The financial services industry has never been as exciting as other technology-driven genres. Things, however, changed a few years back, when blockchain technology and cryptocurrencies seized the imagination of the public, and more importantly, the imagination of entrepreneurs, investors, and the venture funding establishment. The new buzzword around town became “FinTech”, a bit sexier than…
Read more