Category: Financial Services

Belize regulator IFSC warning
December 21, 2017 BY Valentina Kirilova

Belize regulator IFSC revokes FM Marketing Ltd. trading license

Belize financial regulator IFSC announced that it has revoked the License for Trading in Financial and Commodity-based Derivatives Instrument and other Securities (“Trading in Securities”), reference number IFSC/60/372/TS/17, issued to FM Marketing Ltd. (the “Company”) with immediate effect, pursuant to section 7(8) of the International Financial Services Commission Act, Chapter 272 of the Substantive Laws…

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December 21, 2017 BY Valentina Kirilova

SC Malaysia initiates aFINity Innovation Lab for alternative trading system

The Securities Commission Malaysia (SC) today announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity - alliance of FinTech community). This follows the Budget 2018 announcement on the introduction of ATS in the Malaysian…

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December 21, 2017 BY Valentina Kirilova

France's AMF warns against unauthorized websites offering diamond investments

The Autorité des marchés financiers (AMF) has published a list of new websites offering diamond investments, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: https://alternativeplacement.com/ https://capitaldiams.com/fr/ https://crown-diamonds.com https://www.dc-pla.com/ http://www.diamants-epargne.org/ http://www.diamcenter.com/ http://www.diam-invest.com/fr/ https://www.diamonds-markets.com/ https://www.diamselection.com/ https://eurodiamond-market.com http://www.excellencevendome.com/ http://www.executive-diamond.com/ https://gestion-patrimoine4c.com/ http://hyscopatrimoine.com/ http://land.premium-diamond.com/ http://www.nouveauxplacements.com/ https://noveamining.com/ https://www.origin-diamonds.com/ http://patrimoinesolution.com/…

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Cboe ETF Marketplace Cboe Global Markets Inc. (Nasdaq: CBOE)
December 21, 2017 BY Valentina Kirilova

Cboe welcomes new issuer James Investment Research to ETF Marketplace

Cboe Global Markets, Inc. (Nasdaq: CBOE) informed that it has welcomed new issuer James Investment Research, Inc. to the Cboe ETF Marketplace with the launch of one fund. The James Biblically Responsible Investment ETF (Cboe: JBRI) seeks to provide investment results that, before fees and expenses, track the performance of the James Biblically Responsible Investment…

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SFC fines
December 21, 2017 BY Valentina Kirilova

Mintco LLC to pay $340,000 for engaging in illegal off-exchange precious metals transactions

The Commodity Futures Trading Commission (CFTC) announced that it has obtained three related Consent Orders of Permanent Injunction against Defendants Mintco LLC of Delray Beach, Florida, and its owners Stuart Rubin of Fort Lauderdale, Florida, and Richard Q. Zimmerman of Wellington Florida, finding that all Defendants engaged in illegal off-exchange precious metals transactions and further…

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clone firm FCA warning
December 20, 2017 BY Valentina Kirilova

FCA warns against Loans 4 All Needs clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans 4 All Needs. 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…

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CySEC fine
December 20, 2017 BY Valentina Kirilova

CySEC issues €95,000 administrative fine to UFX.com parent Reliantco Investments Ltd.

The Cyprus Securities and Exchange Commission (CySEC) has announced that it has imposed an administrative financial penalty on Reliantco Investments Ltd., an investment firm which operates the UFX.com online Retail FX and CFDs brand. A sum of €95,000 has been imposed on the company for multiple compliance failings that breached the policies and procedures CySEC…

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