Category: Financial Services

sec charges
November 16, 2018 BY Valentina Kirilova

SEC charges Giga Entertainment Media, former officers and directors with fraud

The Securities and Exchange Commission (SEC) has announced that it has charged Giga Entertainment Media Inc. and five of its former officers and directors—Gary Nerlinger, Jarret Streiner, Lawrence Silver, Alfred Colucci, and Charles Noska—with fraud in connection with a scheme to mislead investors. According to the SEC’s complaint, between February and August 2016, the company…

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fma scam alert
November 16, 2018 BY Valentina Kirilova

New Zealand FMA warns against Harding & Company Advisors

The Financial Markets Authority (FMA) has just issued a warning against a scam company called Messrs John Preston and Robert Harding; Harding & Company Advisors. Messrs John Preston and Robert Harding; Harding & Company Advisors Date: 16 November 18 Address: 17 State St, New York NY 10004 USA Website: www.handcadvisors.com Phone: +1 646 931 1975…

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ASIC office
November 16, 2018 BY Valentina Kirilova

ASIC extends relief for non-cash payment facilities

Australian regulator ASIC has amended ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211 to remove an expiry date that would have seen the instrument cease operating in March 2019. The amendment means that the instrument will continue to operate beyond March 2019. ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211 provides relief for the following types of…

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SFC fines
November 15, 2018 BY LeapRate Staff

Hedge fund Algointeractive and founders hit with $1 million fine

A federal court in New York has entered orders against Kevin P. Whylie of Ozone Park, New York, Matthew James Zecchini of East Islip, New York, and the New York hedge fund they co-founded, Algointeractive Inc(together, Defendants), to pay more than $1 million in civil monetary penalties and restitution.  The Court’s Orders resolve the Commodity Futures Trading Commission’s (CFTC) enforcement…

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fca warning clone firm
November 15, 2018 BY Valentina Kirilova

FCA warns against Assurance ET Capital Partners clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Assurance ET Capital Partners. 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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fca warning
November 15, 2018 BY Valentina Kirilova

FCA warns against Access Loan firm

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 Access Loan. Access Loan 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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First Republic Bank joins S&P 500 index, replaces Scana Corporation
November 15, 2018 BY Valentina Kirilova

iSTOXX FactSet Automation & Robotics Index licensed to BlackRock

STOXX Ltd., the operator of Deutsche Börse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the iSTOXX® FactSet Automation & Robotics Index to BlackRock. The asset manager is launching an ETF today, which is listed in Tokyo. The index is comprised of companies from selected countries exposed to…

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insider trading
November 15, 2018 BY Valentina Kirilova

SEC settles insider trading claims against former CEO of Advanced Medical Optics

The Securities and Exchange Commission (SEC) has announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. (AMO) for allegedly tipping information about his company's acquisition to his close personal friend, former professional baseball player Douglas V. DeCinces.…

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fca warning
November 15, 2018 BY Valentina Kirilova

FCA warns against Harper Wealth Management

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 Harper Wealth Management. Harper Wealth Management is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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cysec license suspended
November 14, 2018 BY Valentina Kirilova

CySEC suspends Fenix Capital Markets Trading Ltd CIF license

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors that it has suspended Fenix Capital Markets Trading's CIF license. The complete text of the regulator’s decision can be seen below: Announcement date: 14.11.2018 CySEC Decision date: 14.11.2018 Regarding: Fenix Capital Markets Trading Ltd Legislation: The Investment Services and Activities and Regulated Markets Law…

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