Category: Financial Services

'Frack Master' pleads guilty to massive fraud, faces 12 years in prison
October 24, 2018 BY Valentina Kirilova

'Frack Master' pleads guilty to massive fraud, faces 12 years in prison

The Securities and Exchange Commission (SEC) has announced it has agreed to a settlement with Christopher A. Faulkner—the self-proclaimed “Frack Master”—in connection with his wide-ranging securities-fraud scheme that raised over $80 million from hundreds of investors nationwide. Faulkner has simultaneously entered into a plea agreement relating to the same misconduct under which he will serve…

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clone firm FCA warning
October 24, 2018 BY Valentina Kirilova

FCA warns against Dartalon clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Dartalon Ltd t/a Greenfields Capital and GFCInvestment. 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…

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Lingxi ,China Finance Online Co. Limited
October 23, 2018 BY Valentina Kirilova

Tokyo Commodity Exchange concludes NDA with Japan Exchange Group

In connection with advancing research and discussion of the comprehensive exchange initiative as set out in the government’s growth strategy, the Tokyo Commodity Exchange, Inc. (TOCOM) has informed that it has today concluded a non-disclosure agreement (NDA) with Japan Exchange Group, Inc. (JPX) as a prerequisite for entering into concrete discussions. Moving forward, TOCOM will…

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fca warning clone firm
October 23, 2018 BY Valentina Kirilova

FCA warns against SCBCUSGROUPS.COM clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm SCBCUSGROUPS.COM. 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 scam…

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DFSA
October 23, 2018 BY Valentina Kirilova

Wells Fargo pays $65 million settlement for misleading investors

Attorney General Barbara D. Underwood has announced that Wells Fargo & Company will pay a $65 million penalty following the Attorney General’s investigation into the bank’s fraudulent statements to investors in connection with its “cross-sell” business model, related sales practices, and the bank’s publicly reported cross-sell metrics. The misconduct at Wells Fargo was widespread across…

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Paxos teams up with bitcoin payment service BitPay
October 22, 2018 BY Valentina Kirilova

ayondo and Phnom Penh Derivative Exchange to grow trading opportunities

ayondo Ltd., through its indirect subsidiary, ayondo Markets Limited, and Phnom Penh Derivative Exchange Plc (PPDE) have informed that they are establishing a collaboration through a white label agreement for ayondo to provide its CFD Trading platform TradeHub® as the main execution base for derivative brokers trading CFDs for PPDE’s clients in Cambodia (the “Collaboration”).…

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Moscow Exchange MOEX
October 22, 2018 BY Valentina Kirilova

INR/USD FX futures begin trading on MOEX

On 22 October 2018, an Indian rupee/US dollar FX futures contract began trading on the Moscow Exchange Derivatives Market, Moscow Exchange (MOEX) has just announced. The contract is quoted in Indian rupees per US dollar. It will expire monthly. The contract size is USD 1,000. Contract series with expiration in November and December 2018 as…

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fca warning clone firm
October 22, 2018 BY Valentina Kirilova

FCA warns against Global Wealth Asia clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Global Wealth Asia. 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…

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