The Australian Securities and Investments Commission (ASIC) has informed the public that it has charged Mr Farmouz Farhaad Mohammed, who is also known as Fred Mohammed, of Hope Island, Queensland with three counts of fraud under the Criminal Code (Queensland). Mr Mohammed appeared before the Richlands Magistrates Court on 12 March 2018. ASIC alleges that…
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Diamonds, rare earths, wine or “crypto assets”: intermediation in miscellaneous assets may cover several sectors. Since July 2017, the Autorité des marchés financiers (AMF) has been providing a list of unauthorized diamond investments platforms. Later on, the AMF decided to include in this list other miscellaneous assets proposals. From now on, companies proposing to invest…
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London based electronic trading firm and exchange operator NEX Group PLC (LON: NXG) issued a press release late Thursday entitled Statement re press speculation, confirming that it has received a preliminary approach by US rival CME Group Inc (NASDAQ:CME) regarding a potential acquisition of NEX by CME. NEX issued the statement after a number of US…
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The Ontario Securities Commission (OSC) announced that fee rates under OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act) Fees will remain unchanged for a period of two years, starting April 1, 2018. The OSC is funded by fees from market participants and typically re-evaluates its fee levels every three years. Rates were…
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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 RBCP INTERNATIONAL / RBC GROUP. RBCP INTERNATIONAL / RBC GROUP is not authorised by the FCA but has been targeting people in the UK and is…
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The Securities and Exchange Commission (SEC) informed the public that it has voted to propose new Rule 610T of Regulation NMS to conduct a Transaction Fee Pilot in NMS stocks. The proposed pilot would subject stock exchange transaction fee pricing, including “maker-taker” fee-and-rebate pricing models, to new temporary pricing restrictions across three test groups, and…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Patcham Investment Funds (PIF). 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) announced that it has charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology,…
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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.…
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