Australian regulator ASIC has announced that it has commenced proceedings in the Federal Court of Australia against Westpac Banking Corporation in relation to alleged poor financial advice provided by one of its former financial planners, Mr Sudhir Sinha. In Court documents filed yesterday, ASIC alleges that, in four sample client files selected by ASIC, Mr…
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 Sewraj Bayrajee. Sewraj Bayrajee is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read moreAustralian regulator ASIC has just released its latest report outlining decisions on relief applications, highlighting ASIC’s efforts to reduce red-tape and achieve a practical, positive outcome for companies seeking some regulatory flexibility. The granting of relief which has a net regulatory benefit, or which facilitates business or cuts red tape without harming stakeholders, is an…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm London Investment 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…
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 SRS Enterprise Limited. SRS Enterprise Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreSIX has just announced that it has chosen Clearstream Banking as strategic partner to consolidate its fund processing activities. Clearstream’s investment fund processing infrastructure Vestima enables processing of all types of funds – from mutual funds to hedge funds – on a single platform. Centralised solutions such as Clearstream’s Vestima platform support market participants to…
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 Euro Global Markets Limited. Euro Global Markets Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read moreAdyen N.V. (ticker symbol: ADYEN), a technology company offering payment processing services worldwide, has announced that it began trading today on Euronext Amsterdam. The listing follows the company’s Initial Public Offering (IPO), with a total offering of € 849 million. Based on the offering price set at €240 per share, market capitalization of Adyen N.V.…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against defendants Omega Knight 2, LLC, its owner and president, Aviv Michael Hen of Great Neck, New York, and Erez Hen of Florida. The CFTC’s complaint charges the defendants with…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm ADG Placement. 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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