Category: Financial Services

FCA warning
December 19, 2018 BY Valentina Kirilova

FCA warns against Lauder Corporate Partners

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…

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fca warning
December 19, 2018 BY Valentina Kirilova

FCA warns against General Partner Finance Limited

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…

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clone firm FCA warning
December 18, 2018 BY Valentina Kirilova

FCA warns against Gulf FX clone firm

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…

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SFC fines
December 18, 2018 BY Valentina Kirilova

UBS fined $15m over deficiencies in anti-money laundering programs

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…

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asic afs license
December 18, 2018 BY Valentina Kirilova

Evermore Money Management's AFS license cancelled

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…

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New Broadridge portal automates and transforms the MBS Trade Assignment Process
December 18, 2018 BY Valentina Kirilova

The future of FinTech – 8 trends that will disrupt the financial landscape

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…

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Woodbridge Group of Companies LLC and former owner Robert H. Shapiro fined $1 billion
December 18, 2018 BY Valentina Kirilova

Blue Star Trading and owner charged with ongoing forex and commodity fraud

The Commodity Futures Trading Commission (CFTC) has just announced that it has filed a complaint against Dro Kholamian and his company, Blue Star Trading, LLC. Blue Star Trading has fraudulently solicited potential clients to trade through accounts they would manage leveraged off-exchange FX currency and commodity futures contracts, but instead the company has misappropriated those funds. According to CFTC, Kholamian…

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FXCM Group to launch new products on the DGCX Exchange
December 18, 2018 BY Valentina Kirilova

FXCM Group to launch new products on the DGCX Exchange

Retail forex broker FXCM Group, LLC has just announced that it has signed a Memorandum of Understanding (MoU) with The Dubai Gold and Commodities Exchange (DGCX). Both sides confirmed that they intend to launch new products on the DGCX Exchange. Les Male, Chief Executive Officer of DGCX, stated: It is our aim to ensure that we continue…

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