The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Dash Loans. 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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The Cyprus Securities and Exchange Commission (CySEC) today announced a series of financial penalties imposed on seven Directors and the Group Chief Financial Officer of the former Cyprus Popular Bank Public Co Ltd (“the Company”), following CySEC’s investigation into the Company’s malpractices during the period 2010-2011. A total of €1.14 million of fines have been…
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Financing, governance, direct powers: in its response to the European Commission’s public consultation on the review of European supervisory authorities, the Autorité des Marchés Financiers (AMF) has drawn up proposals to strengthen ESMA for the benefit of convergence of supervision in Europe. The AMF is publishing its response to the European Commission's consultation on the…
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ASIC today released two consultation papers proposing guidance for public companies and intermediaries (i.e. crowd funding platform operators) to assist them in using the new crowd-sourced funding (CSF) regime commencing on 29 September 2017. Under the CSF regime, eligible public companies will be able to make offers of ordinary shares to a large number of…
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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 firm PPL Global Capital Limited. PPL Global Capital Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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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 firm Caledonian Equity Group. Caledonian Equity Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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ASIC today released its sixth annual report into the supervision of registered liquidators. Report 532 ASIC regulation of registered liquidators: January to December 2016 details the supervisory, enforcement, stakeholder liaison, policy and educative work ASIC undertook in its commitment to continue improving regulation of the insolvency and restructuring sector. ASIC Commissioner John Price said: We…
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The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order filing and simultaneously settling charges against Respondents McVean Trading & Investments, LLC (MTI), a Memphis-based Futures Commission Merchant (FCM), its Chairman and CEO, Charles Dow McVean, Sr. (McVean, pictured above), and President, Michael J. Wharton (Wharton), and long-time MTI consultant Samuel C. Gilmore (Gilmore).…
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The European Securities and Markets Authority (ESMA) today has launched a process to renew the composition of its Consultative Working Group (CWG) of the ESMA Post-Trading Standing Committee (PTSC). ESMA is therefore calling for expressions of interest from stakeholders to become a member of the CWG by 31 July 2017. The purpose of these groups…
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Share subscription of Noratis AG has started today and is expected to last until 27 June, Deutsche Börse announced earlier today. The portfolio developer of real estate plans its listing in the Frankfurt Stock Exchange’s Scale segment on 30 June. According to information provided by the company, the Noratis AG is a portfolio developer of…
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