New Zealand FMA warns against cold calling scam firm Prestige Wealth Solutions LeapRate

June 27, 2018 BY Valentina Kirilova

New Zealand FMA warns against cold calling scam firm Prestige Wealth Solutions

The Financial Markets Authority (FMA) has just issued a warning to a company called Prestige Wealth Solutions. Prestige Wealth Solutions ADDRESS: Burj Al Salam Tower, Office 803, Sheikh Zayed Road, Dubai, United Arab Emirates. WEBSITE: www.pws-intl.com PHONE: +971 (0) 4 374 2200 EMAIL: [email protected] Prestige Wealth Solutions and its associates are offering financial services to…

June 27, 2018 BY Valentina Kirilova

FCA warns against Evefx clone firm

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

June 26, 2018 BY LeapRate Staff

Credit ratings analyst charged with insider trading on Sherwin Williams-Valspar acquisition

The U.S. Securities and Exchange Commission (SEC) has announced that it has charged a credit ratings agency employee with tipping two friends about The Sherwin-Williams Co.’s confidential plans to acquire The Valspar Corp., which he learned of through his work. The SEC also charged the two friends with trading on the illicit tips, which reaped…

June 26, 2018 BY Valentina Kirilova

FCA changes complaint handling rules to help APP fraud victims

Authorised push payment (APP) fraud is where a fraudster tricks an individual consumer or micro business to instruct their payment services provider (PSP), such as their bank, to send money from their account to an account controlled by that fraudster. UK Finance data on APP fraud show there were 43,875 cases of APP fraud and…

June 26, 2018 BY Valentina Kirilova

Unica Real-estate Socimi just listed on MAB

The Spanish Stock Exchange (BME) has just announced that the Board of Directors of MAB has approved the listing of Unica Real-estate Socimi, following a thorough review of all the information presented by the company and after the favourable assessment report on its listing issued by MAB’s Coordination and Admission Committee. The company, the eighth…

June 26, 2018 BY Valentina Kirilova

Nasdaq Stockholm fines Wifog Holding AB

The Disciplinary Committee of Nasdaq Stockholm has found that Wifog Holding AB has breached Nasdaq First North’s regulations (the Rulebook) and, accordingly, ordered Wifog to pay a fine amounting to four annual fees, corresponding to an amount of SEK 293,394 (33,100 US dollars). The Disciplinary Committee has concluded that Wifog has acted in breach of…

June 26, 2018 BY Valentina Kirilova

ADGM and Hong Kong Monetary Authority sign FinTech co-operation agreement

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Hong Kong Monetary Authority have announced that they have signed a co-operation agreement today to jointly promote and enable financial services innovation, and accelerate cross-border FinTech business opportunities in Hong Kong and the United Arab Emirates (UAE). With this agreement, ADGM…

June 26, 2018 BY Valentina Kirilova

New Zealand FMA warns against Mace, Parry and Associates

The Financial Markets Authority (FMA) has just issued a warning to a company called Mace, Parry and Associates. Mace, Parry and Associates Address: Level 4, 56 Victoria Street, Wellington Phone: +64 4 889 5453 Website: www.maceparry.com Email: [email protected] Mace, Parry and Associates is not a registered New Zealand Company and is not registered to provide…

June 26, 2018 BY LeapRate Staff

UTrade owner Aviv Talmor jailed (again) after judge's empty-your-pockets demand in the courtroom

In the bizarre but continuing legal case of Aviv Talmor, former owner of the UTrade Retail FX and algo trading brand, Mr. Talmor has been sent (back) to jail for a second 14 day term after producing a "grocery list" in court which showed that he was not working to repay bankruptcy debts, as was agreed. Under…

June 26, 2018 BY Valentina Kirilova

Wells Fargo fined $4M for selling complex financial products to retail investors

The Securities and Exchange Commission (SEC) announced that Wells Fargo Advisors LLC agreed to settle charges of misconduct in the sale of financial products known as market-linked investments, or MLIs, to retail investors. According to the order, the SEC found that Wells Fargo generated large fees by improperly encouraging retail customers to actively trade the…

Category: Financial Services