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 ArielBank Plc. ArielBank Plc 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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The Securities and Exchange Commission (SEC) has announced that Ameriprise Financial Services Inc. will pay $4.5 million to settle charges that it failed to safeguard retail investor assets from theft by its representatives. According to the SEC’s order, five Ameriprise representatives committed numerous fraudulent acts, including forging client documents, and stole more than $1 million…
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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 Schroeder Law Firm. Schroeder Law Firm is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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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 E-Prospects Media JLT t/a Best Loans Direct. E-Prospects Media JLT is not authorised by the FCA but has been targeting people in the UK and is…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Capital Finance Group Limited. 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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The Justice Department has announced a $4.9 billion settlement with The Royal Bank of Scotland Group plc (RBS) resolving federal civil claims that RBS misled investors in the underwriting and issuing of residential mortgage-backed securities (RMBS) between 2005 and 2008. The penalty is the largest imposed by the Justice Department for financial crisis-era misconduct at…
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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 Allmedia Limited t/a Gallant Finance. Allmedia Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on…
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For the First Time, the Tel-Aviv Stock Exchange (TASE) has started publishing on its website trading and clearing fees that TASE members charge their clients, in a manner that enables comparison between fees charged by different TASE members. The TASE Ownership Restructuring Law, which was promoted by the Ministry of Finance and the Israel Securities…
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FIA and the FIA Principal Traders Group (together, FIA) have announced that they have urged the Commodity Futures Trading Commission (CFTC) to retain the current $8 billion de minimis threshold for swap dealer registration and to modify the calculation methodology to better align it with the goals of a well-regulated derivatives market. Among the modifications,…
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The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) have informed that they signed a Memorandum of Understanding (MoU), agreeing to share knowledge, promote Shari’ah Compliant finance, and help foster Dubai as the global capital of Islamic economy. Abdulla Mohammed Al Awar, CEO of DIEDC, and Les Male, CEO…
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