The New Zealand Financial Markets Authority (FMA) informed that it is calling on KiwiSaver members to check their annual statements this year to find out whether they are getting value for money. For the first time all KiwiSaver members will be able to see fees in dollar amounts on their statements. Many people are unaware…
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 Options Tech Limited t/a CMA Capital. The previous time FCA warned against Options Tech Limited, the company was trading as MWM Markets. Options Tech Limited is not authorised…
Read moreThe Luxembourg regulator Commission de Surveillance du Secteur Financier (CSSF) has just issued a warning against the activities of an entity named Rainforth, which claims to be established at 28 boulevard d’Avranches, 3rd floor, office 6-8, L-1160 Luxembourg. The company is operating via the website www.rainforth.net. The CSSF informed the public that an entity named Rainforth…
Read moreThe Hong Kong Securities and Futures Commission (SFC) today released consultation conclusions on proposed amendments to the Securities and Futures (Professional Investor) Rules (PI Rules) to standardise the rules for prescribing professional investors. The amendments allow portfolios held in joint accounts with non-associates and in investment corporations wholly-owned by an individual to count towards meeting…
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 Capital On Card. Capital On Card is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreMoscow 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…
Read moreThe 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…
Read moreThe 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,…
Read moreThe 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…
Read moreThe 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…
Read more