The Ordinary General Meeting of the Warsaw Stock Exchange on 19 June 2018 changed the composition of the Supervisory Board of the Warsaw Stock Exchange (Exchange Supervisory Board). Janusz Krawczyk was elected as a new member of the Supervisory Board. The new member of the Supervisory Board was elected following the resignation of Chairman of…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has just announced that, on its meeting of 30 April 2018, has decided, pursuant to section 121(1)(a) of the Open-Ended Undertakings for Collective Investment Law (UCI Law), to withdraw the authorisation of Ankor Capital Ltd as Management Company, as it has expressly renounced its authorisation. Following the decision…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Apex Tradex. 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…
Read moreThe registration of Mr Justin James Cadman as a registered liquidator was cancelled on 13 June 2018 following orders made on 8 June 2018 in the Federal Circuit Court of Australia, which resulted in Mr Cadman being declared bankrupt (an insolvent under administration), the Australian regulator ASIC announced earlier today. On 19 June 2018, ASIC…
Read moreUK 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 Storm Finance Limited. Storm Finance Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreThe Securities and Exchange Commission (SEC) has announced that it has filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S. According to the SEC’s complaint, the defendants defrauded more than 600 investors through sales of securities in issuers they controlled,…
Read moreThe U.S. Securities and Exchange Commission (SEC) has announced that it has charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty. According to the SEC’s order, Merrill Lynch falsely informed customers that it…
Read moreUK 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 Coin Boost Inc. Coin Boost Inc. is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Cardiff Savings and Loans Ltd. 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…
Read moreFinancial Industry Regulatory Authority (FINRA) announced today that a FINRA hearing panel permanently barred broker Bruce Martin Zipper of Miami, FL, for continuing to conduct firm business while serving a three-month suspension. The hearing panel also expelled his firm, Dakota Securities, from FINRA membership for not adequately supervising Zipper, allowing him to associate while suspended…
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