Category: Financial Services

August 08, 2018 BY Valentina Kirilova

Sonus Networks Inc. charged with misleading revenue projections

The Securities and Exchange Commission (SEC) has announced that it has charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges. According to the SEC’s order, Sonus Networks Inc.’s former CFO, Mark Greenquist, was…

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asic ban
August 08, 2018 BY Valentina Kirilova

ASIC bans individual from providing financial services

Australian regulator ASIC has just announced that it has permanently banned Mr Brody Glenn Jarman of Yarrawonga, Victoria from providing financial services. Mr Jarman was banned following an ASIC investigation into his dealings with client money while working as an insurance broker. In February 2016, he pleaded guilty in the Cobram Magistrates Court to seven…

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fca warning
August 07, 2018 BY Valentina Kirilova

FCA warns against Prestige Financial Markets 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 Prestige Financial Markets. Prestige Financial Markets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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bscs warning
August 07, 2018 BY Valentina Kirilova

New Zealand FMA warns against scam company Caledonia Investment Company Limited

The Financial Markets Authority (FMA) has just issued a warning against a scam company called Caledonia Investment Company Limited. Caledonia Investment Company Limited ASSOCIATED ENTITIES/INDIVIDUALS: Mark Peterson, Peter Baker and James Wright ADDRESS: 42 Des Voeux Road Central, Wan Chai, Hong Kong WEBSITE: http://www.caledoniainvestcompltd.com/ EMAIL: [email protected] REASON FOR WARNING: The FMA has received a report…

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fca warning clone firm
August 07, 2018 BY Valentina Kirilova

FCA warns against Loans Hub clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans Hub. 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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STOXX Low Carbon products licensed to Italian bank IMI
August 07, 2018 BY Valentina Kirilova

STOXX Global 1800 Index with best monthly showing since January

STOXX Ltd., the operator of Deutsche Börse Group’s index business and a global provider of innovative and tradable index concepts, has just released its STOXX Research Monthly Index News for the month of July. Global equity indices rose by the most in six months in July, as buoyant economic and corporate data helped turn investors’…

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clone firm FCA warning
August 07, 2018 BY Valentina Kirilova

FCA warns against Preston Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Preston Management. 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
August 07, 2018 BY Valentina Kirilova

FCA warns against Stubblefield Advisors LLC 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 Stubblefield Advisors LLC. Stubblefield Advisors LLC is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
August 07, 2018 BY Valentina Kirilova

SEC updates list of firms using inaccurate information to solicit investors

The Securities and Exchange Commission (SEC) has announced that it has updated its list of unregistered firms that use misleading information to primarily solicit non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The updates by the SEC Division of Enforcement’s Office of Market Intelligence, in coordination with the…

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fma warning
August 07, 2018 BY Valentina Kirilova

New Zealand FMA warns against scam company Oak Harbour Limited

The Financial Markets Authority (FMA) has just issued a warning against a scam company called Oak Harbour Limited. Oak Harbour Limited Address: 101 Hennessy Rd, Wan Chai, Hong Kong Website: www.oakharbourlimited.com Phone: +852 5808 7757 Reason for warning: The regulator has received a report from a New Zealand resident about Oak Harbour Limited about withholding…

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