Category: Financial Services

May 18, 2018 BY Valentina Kirilova

Moscow Exchange releases steady results for the first quarter of 2018

Moscow Exchange (MOEX) today announces its financial results in accordance with International Financial Reporting Standards (IFRS) for Q1 2018. Higher trading volumes in the Bond Market and Equities Market supported by continued solid performance of the Money Market drove strong growth in fee and commission income. Key financial highlights for Q1 2018 Significant fee and…

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May 17, 2018 BY Valentina Kirilova

FCA warns against CF Partners clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm CF Partners. 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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May 17, 2018 BY Valentina Kirilova

FINRA fines ICBCFS $5.3M for anti-money laundering compliance deficiencies

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) $5.3 million for systemic anti-money laundering (AML) compliance failures, including its failure to have a reasonable AML program in place to monitor and detect suspicious transactions, as well as other violations, including financial,…

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May 17, 2018 BY Valentina Kirilova

FCA warns against AXA IM clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm AXA IM. 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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May 17, 2018 BY Valentina Kirilova

ASIC permanently bans financial adviser

The Australian Securities and Investments Commission (ASIC) announced that it has permanently banned financial adviser Ezzat-Daniel Nesseim from providing financial services. ASIC found that Mr Nesseim engaged in misleading and deceptive conduct, that he was not of good fame or character, and that he was likely to contravene a financial services law. In the course…

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May 17, 2018 BY Valentina Kirilova

FCA warns against Clear Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Clear Loans. 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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May 17, 2018 BY Valentina Kirilova

FCA warns against Potter Consultancy 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 Potter Consultancy. Potter Consultancy 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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May 17, 2018 BY Valentina Kirilova

SEC charges owner of investment firm in Belize Airport financing scam

The Securities and Exchange Commission (SEC) announced that it has charged the owner of a Manhattan-based alternative investment firm with misappropriating close to $6 million in investor funds earmarked to finance the construction of an international airport in Belize. The SEC’s complaint alleges that between 2014 and 2017, Brent Borland sold more than $21 million…

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