Category: Financial Services

fma scam alert
September 11, 2018 BY Valentina Kirilova

New Zealand FMA warns against Coin Link NZ

The Financial Markets Authority (FMA) has just issued a warning against a scam company called Coin Link NZ. Coin Link NZ Website: www.coinlinknz.co.nz Email: [email protected] Reason for warning: FMA recommends exercising caution before dealing with the website www.coinlinknz.co.nz as it has the characteristics of a scam. The website www.coinlinknz.co.nz is not associated with, nor a…

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fca warning clone firm
September 11, 2018 BY Valentina Kirilova

FCA warns against Richmond Investing clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Richmond Investing. 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…

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fca warning
September 10, 2018 BY Valentina Kirilova

FCA warns against Kauri Ventures 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 Kauri Ventures. Kauri Ventures 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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WFE World Federation of Exchanges
September 10, 2018 BY Valentina Kirilova

WFE responds to ESMA on tick size consultation

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has published its response to the European Securities and Markets Authority’s (ESMA) consultation paper proposing amendments to the tick size regime in the EU with reference to third country (or, non-EU) instruments. A summary of the WFE’s response is below: Coordination…

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clone firm FCA warning
September 10, 2018 BY Valentina Kirilova

FCA warns against St. James’s Place clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm St. James’s Place. 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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fca warning
September 10, 2018 BY Valentina Kirilova

FCA warns against Blue Trading 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 Blue Trading. Canadian securities regulator the British Columbia Securities Commission (BCSC) has also warned against the entity earlier this year. Blue Trading is not authorised by…

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sec charges
September 10, 2018 BY Valentina Kirilova

SEC charges microcap fraudsters for roles in lucrative market manipulation schemes

The Securities and Exchange Commission (SEC) has announced that it has charged a group of 10 individuals and 10 associated entities for their participation in long-running fraudulent schemes that generated over $27 million from unlawful stock sales and caused significant harm to retail investors who were left holding virtually worthless stock. According to the SEC’s…

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ASIC applauds the enactment of stronger whistleblowing laws
September 07, 2018 BY Valentina Kirilova

SEC awards more than $54 million to two whistleblowers

The Securities and Exchange Commission (SEC) has informed the public that it is awarding $39 million to one whistleblower and $15 million to another whose critical information and continued assistance helped the agency bring an important enforcement action. The $39 million award is the second-largest award in the history of the SEC’s whistleblower program. Whistleblowers…

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CSA proposes rule regarding non-GAAP and other financial measures
September 07, 2018 BY Valentina Kirilova

CSA proposes rule regarding non-GAAP and other financial measures

The Canadian Securities Administrators (CSA) has just published for comment Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the Proposed Instrument), which establishes disclosure requirements for issuers that disclose non-GAAP and other financial measures. These measures often lack standardized meanings, resulting in potentially misleading or confusing disclosure. We are proposing clear and comprehensive…

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