The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Westpac Bank of London. 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…
Read moreThe Securities and Exchange Commission (SEC) has announced that it has charged a former chief information officer of a U.S. business unit of Equifax with insider trading in advance of the company’s September 2017 announcement about a massive data breach that exposed the social security numbers and other personal information of about 148 million U.S.…
Read more
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 Lendings Limited. Lendings Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read moreThe Securities and Exchange Commission (SEC) announced that it has charged foreign affiliates of KPMG, Deloitte & Touche, and BDO for their involvement in audit work that circumvented the full oversight of the Public Company Accounting Oversight Board (PCAOB). The firms agreed to settle the charges by paying penalties or disgorging their profits from the…
Read more
VR Education Holdings plc, (VR Education) a virtual reality (VR) software and technology company, announced that it has today raised €6.75 million, following its Initial Public Offering (IPO) on the Irish Stock Exchange (ISE). It commences trading on the ISE’s Enterprise Securities Market (ESM) with a market capitalisation of €22.2m. VR Education is dedicated to…
Read more
The Nova Scotia Securities Commission (NSSC) has reminded investors to do their due diligence when investing, especially in cryptocurrencies and initial coin offerings, as March is Fraud Prevention Month. Recently attention was given to the rise and fall in the value of Bitcoin, cryptocurrencies and initial coin offerings grabbing the moniker as the “next big…
Read more
The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force announced that they will extend the Joint Investigations Arrangement to cover all offences under the Securities and Futures Act (SFA) and Financial Advisers Act (FAA). This will allow for greater efficiency and more effective enforcement of capital markets…
Read more
The Australian Securities and Investments Commission (ASIC) has informed the public that it has suspended the Australian financial services (AFS) license of NSW-based Corpac Partners Pty Limited (Corpac Partners) from 28 February 2018 for failing to lodge financial statements and auditor's reports for a period of four years. This failure is in breach of both…
Read more
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 Redfield Markets. Redfield Markets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read more
The Hong Kong Securities and Futures Commission (SFC) announced that it has resolved its concerns with Deutsche Bank AKTIENGESELLSCHAFT (DBAG) and its wholly-owned subsidiary Deutsche Securities Asia Limited (DSAL) over regulatory breaches related to short position reporting, unlicensed regulated activities and segregation of client monies. Under the resolution, the SFC publicly reprimanded and fined them…
Read more