Category: Financial Services

fma warning
September 20, 2018 BY Valentina Kirilova

ASIC stops misleading ICOs and crypto-asset funds targeted at retail investors

Australian regulator ASIC has announced that it has taken action to stop several proposed initial coin offerings or token-generation events (together, ICOs), targeting retail investors. ASIC has recently stopped the issue of a Product Disclosure Statement for a crypto-asset managed investment scheme. Consistent problems identified by ASIC are: the use of misleading or deceptive statements…

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Malaysian SC announces relief measures for capital market licensed entities
September 19, 2018 BY Valentina Kirilova

Bursa Malaysia Securities reprimands HB Global Limited

Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded HB Global Limited (HBGLOB) in respect of the company’s fourth quarterly report for the financial year ended 31 December 2016 (QR Dec 2016) announced on 28 February 2017 which was in contravention of paragraph 9.16(1)(a) of the Bursa Malaysia Securities Main Market Listing Requirements…

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sec charges
September 19, 2018 BY Valentina Kirilova

SeaWorld to pay more than $5 million to settle fraud charges

The Securities and Exchange Commission (SEC) has announced that SeaWorld Entertainment Inc. and its former CEO have agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on the company’s reputation and business. SeaWorld’s former vice president of communications also agreed to settle…

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fca warning
September 19, 2018 BY Valentina Kirilova

FCA warns against The All Star Index 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 The All Star Index. The All Star Index is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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SFC fines
September 19, 2018 BY Valentina Kirilova

NEX Group subsidiary reaches ISDAfix settlement with CFTC

The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against ICAP Capital Markets LLC (ICAP), now known as a NEX Group plc (LON:NXG) subsidiary company Intercapital Capital Markets LLC (ICAP), for, by and through certain of its brokers, aiding and abetting numerous attempts by several of its bank clients to manipulate…

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FCA warning
September 18, 2018 BY Valentina Kirilova

FCA warns against Redcap Management 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 Redcap Management. Redcap Management 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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clone firm FCA warning
September 18, 2018 BY Valentina Kirilova

FCA warns against Kainz Werner Anton clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Kainz Werner Anton. 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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Nasdaq Dubai
September 18, 2018 BY Valentina Kirilova

Nasdaq Dubai teams up with Oxford Business Group

Nasdaq Dubai and Oxford Business Group (OBG) have just announced that they will collaborate to bring high quality financial intelligence and economic analysis to investors and the business community. OBG will launch its authoritative The Report: Dubai 2019 early next year from Nasdaq Dubai’s MarketSite, the exchange’s event space for thought leadership activities. The cooperation…

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