Category: Financial Services

May 16, 2018 BY Valentina Kirilova

Canadian regulator OSC warns against offshore FX broker Meta Investing

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian regulator OSC has issued a warning against an entity called Metainvesting. Metainvesting, also operating as Meta Investing, and doing business as www.metainvesting.com is not registered in Ontario to engage in the business of trading in securities. The OSC…

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May 15, 2018 BY Valentina Kirilova

FCA warns against Option Stars Global 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 Option Stars Global. Option Stars Global is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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May 15, 2018 BY Valentina Kirilova

SFC commences MMT proceedings against Magic Holdings International Limited

The Hong Kong Securities and Futures Commission (SFC) announced that it has commenced proceedings in the Market Misconduct Tribunal (MMT) against Magic Holdings International Limited (Magic) and its nine directors for failing to disclose inside information as soon as reasonably practicable on the potential acquisition of its issued shares by L’Oréal S.A. (EPA:OR), a French…

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May 15, 2018 BY Valentina Kirilova

ASIC consults on code of ethics compliance schemes for financial advisers

The Australian Securities and Investments Commission (ASIC) announced that it has released a consultation paper outlining its proposed approach to approving and overseeing compliance schemes for financial advisers. Incoming training and education requirements for financial advisers include obligations to comply with a code of ethics that is being developed by the Financial Adviser Standards and…

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May 15, 2018 BY Valentina Kirilova

FCA warns against Gpay Limited trading as Cryptopoint

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 Gpay Limited trading as Cryptopoint. Gpay Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on…

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May 15, 2018 BY Valentina Kirilova

Deutsche Börse to launch FinTech Acceleration platform

Deutsche Börse Group and its post-trade services provider Clearstream announced that they will partner with Germany-based FinTech figo and Luxembourg-based RegTech start-up Finologee to create a common FinTech Acceleration Platform. The launch is targeted for the fourth quarter of 2018, subject to regulatory approval. The new platform will enable established financial industry players and new…

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May 15, 2018 BY Valentina Kirilova

Monetary Authority of Singapore and AMBD sign FinTech cooperation agreement

The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) announced that they have signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. The FinTech CA will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between…

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May 15, 2018 BY Valentina Kirilova

FCA warns against Consultancy Ltd t/a Stratx Markets

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 Consultancy Ltd t/a Stratx Markets. Consultancy Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on…

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May 14, 2018 BY Valentina Kirilova

FCA warns against XFR Financial 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 XFR Financial. XFR Financial 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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