Category: Financial Services

FCA warning
February 06, 2018 BY Valentina Kirilova

FCA warns against GoldTech Media Services OU trading as S2Trade

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 GoldTech Media Services OU trading as S2Trade. GoldTech Media Services is not authorised by the FCA but has been targeting people in the UK and is…

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CySEC fine
February 06, 2018 BY Valentina Kirilova

CySEC fines CIF licensed Hoch Capital Ltd €30,000

The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at the meeting held on 20th November 2017, it decided to impose an administrative fine of €30.000 to the CIF Hoch Capital Ltd (‘the Company’). The fine has been made due to non-compliance with section 36(1)(a) of the Investment Services and…

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clone firm FCA warning
February 06, 2018 BY Valentina Kirilova

FCA warns against Nordhill Capital clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Nordhill Capital. 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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FCA warning
February 06, 2018 BY Valentina Kirilova

FCA warns against Blackthorn Wealth Advisory 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 Blackthorn Wealth Advisory. Blackthorn Wealth Advisory is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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social trading
February 06, 2018 BY Valentina Kirilova

France regulator AMF clarifies its expectations for crowdfunding

Through their Joint Unit, the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) just informed that they wish to enhance crowdfunders’ protection. They have decided to publish a position on the procedure for default rates calculation, a recommendation on the platforms run-off management and a position on the…

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SFC fines
February 06, 2018 BY Valentina Kirilova

Wedbush Securities fined $1.5 million for customer fund protection issues

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Wedbush Securities Inc. $1.5 million for violating the Securities and Exchange Commission’s (SEC) Customer Protection and Net Capital Rules, and for related supervisory and books and records failures. The SEC Customer Protection Rule creates requirements to protect customers' funds and securities. To ensure…

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February 05, 2018 BY Valentina Kirilova

SET renews MoU with Korea Exchange to foster regional collaboration

The Stock Exchange of Thailand (SET) announced that it has today signed the renewal of memorandum of understanding (MoU) to continue the synergized efforts on capital market development and business opportunities between the two exchanges, including products and services development, IT infrastructure cooperation and information exchange. SET President Kesara Manchusree commented: The MoU between SET…

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moex moscow exchange
February 05, 2018 BY Valentina Kirilova

MOEX FX Market turnover down 15% MoM in January

Moscow Exchange (MOEX) has just released its market report for the first month of 2018. Total trading volume across Moscow Exchange`s markets in January 2018 was RUB 58.0 trln. The key growth drivers were the Bond Market (+103.2%YoY) and Equity Market (+10.1%YoY). FX Market turnover grew by 5.9%YoY. The number of trading days in January…

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