Former financial adviser and accountant, Satvir Singh Birk, of Reedy Creek, was today sentenced in the Southport District Court to two and a half years imprisonment, following an ASIC investigation. On 25 May 2018, Mr Birk, aged 42, pleaded guilty to five counts of dishonestly using his position as director of The Carter Group with…
Read more
Deutsche Börse AG has published its results for the third quarter of 2018 on Monday. The company generated adjusted net revenue of €651.4 million, an increase of 13 per cent compared to the previous year (Q3/2017: €576.3 million). At €260.1 million (Q3/2017: €247.4 million), adjusted operating costs were up 5 per cent year-on-year. Adjusted earnings…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Arvato Financial Solutions. 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…
Read more
The Cyprus Securities and Exchange Commission (CySEC) has just announced that, on 9th October 2018, the Company Providing Administrative Services Midland Consult Cyprus Ltd (the ‘Company’), waived its authorisation pursuant to section 16 of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Therefore, the Company’s authorisation…
Read more
Montréal Exchange (MX), Canada's derivatives exchange, has just announced a joint initiative with the Montréal Institute for Data Valorization (IVADO) to explore innovative market data analysis and surveillance solutions. Under the terms of the three-year agreement, market experts from MX's Regulatory Division (MX-R) will collaborate with IVADO data scientists and analysts to study exchange data…
Read more
Australian regulator ASIC has today announced that it has disqualified two separate self-managed superannuation funds (SMSF) auditors, John Gilliland and Douglas Coghlan, of Queensland, for breaching independence requirements. ASIC found both Mr Gilliland and Mr Coghlan had separately breached auditor independence requirements in auditing their own funds, the fund of an immediate family member and…
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 Youcompareinsurance. Youcompareinsurance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
Read more
The Financial Markets Authority (FMA) has just issued a warning against a scam company called Financial Capital Alliance (Asia) Limited. Financial Capital Alliance (Asia) Limited Associated entities/individuals: PSA Trade Limited; HK Wenxianqui Trade Co Ltd; Spride Limited Address: 100 Queen’s Road, Central, Hong Kong Website: www.fcaa-limited.com Email: [email protected], [email protected] Reason for warning: The FMA recommended…
Read more
The Commission de Surveillance du Secteur Financier (CSSF) has just warned the public of the activities of an entity named Monterry Finance, which claims to be established at Place de Paris, 2314 Luxembourg. The company operates via the website https://monterry-finance.com. The CSSF informed that Monterry Finance is not regulated by the CSSF and the entity has…
Read more
Singapore Exchange (SGX) has just welcomed the listing of Phillip SING Income ETF, an income-focused exchange-traded fund (ETF) offering investors access to a diverse basket of quality Singapore stocks. Launched by Phillip Capital, who is also the issuer of Phillip SGX APAC Dividend Leaders REIT ETF and Lion-Phillip S-REIT ETF, this fund aims to track…
Read more