Deutsche Börse has announced that the gold holdings of Xetra-Gold (ISIN: DE000A0S9GB0) amounted to 181.34 tonnes at the end of the first half. At the beginning of the year, they amounted to 175.04 tonnes. The holdings always increase when investors buy Xetra-Gold units via the stock exchange. Exactly one gram of gold is deposited in…
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Garry James Patterson has been sentenced to 200 hours’ community work and 3 months’ community detention at the Christchurch District Court after pleading guilty to two charges brought by the Financial Markets Authority (FMA). Mr Patterson, 63, who is originally from Queenstown but has also been based in Christchurch, held out he was in the…
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Australian regulator ASIC has announced that it is continuing to monitor the financial advice industry’s use of restricted terms ‘independent’ and ‘independently owned’, taking steps to intervene when it identifies concerns. Following surveillance of industry websites, ASIC has required four financial advice companies to cease and amend false claims of independence that could mislead consumers.…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Besla Investments. 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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The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 31st May 2018, the Company Providing Administrative Services V.M.L Venture Management Ltd (the ‘Company’), waived its authorisation pursuant to section 16(2) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Therefore, the Company’s authorisation with…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm FastUKLoan. 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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The Dubai Gold and Commodities Exchange (DGCX) and its Central Counter Party (CCP) subsidiary, Dubai Commodities Clearing Corporation (DCCC), have announced that clearing members can now deliver eligible global securities as collateral. To underpin the expansion of the collateral basket, Standard Chartered Bank will provide Custody Management Services on this additional form of collateral and…
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The Financial Conduct Authority (FCA) has today issued a consultation paper on new guidance about the handling of certain regular premium payment protection insurance (PPI) complaints. In March 2017 the FCA has made rules in relation to the Supreme Court judgment in Plevin. That judgment and the rules say that a lenders failure to disclose…
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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 World Class Group Consultants Inc. World Class Group Consultants Inc is not authorised by the FCA but has been targeting people in the UK and is…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Helmut Köb. 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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