Australian regulator ASIC has just announced that it has obtained final orders in the Supreme Court of Queensland against Daniel Farook Ali, former director of DanFX Trade Pty Ltd (DanFX). ASIC commenced proceedings in 2017 alleging that Mr Ali, through DanFX, operated an unregistered managed investment scheme known as the Daniel Ali Scheme, which raised…
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Belize financial regulator IFSC has issued a Warning Notice regarding a company called Kerry Sitar Global Limited, operating via website www.kysrfx.com/en/supervise.aspx. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in…
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The Securities and Exchange Commission (SEC) has announced that a senior executive at a Silicon Valley fiber optics company has agreed to settle charges that he made nearly $200,000 in illicit profits by trading on inside information in advance of three disappointing earnings announcements by the company. The case stems from the SEC Market Abuse…
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The Financial Conduct Authority (FCA) has just announced that it has banned David James Carter Mullins, Edward John Booth, Christopher Paul Brotherton and Mark Robert Kennedy, the former directors and shareholders of Secure My Money Limited (now dissolved). The firm took fees of over £7.2 million from approximately 124,000 online customers by duping them into…
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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 Callpointltd. Callpointltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
Read moreThe UK’s leading wealth management and financial advice association PIMFA has issued a notice which raises its concerns on the potential impacts of a ‘no-deal’ Brexit, and how it will affect both private investors as well as PIMFA’s member firms. PIMFA is the leading trade association for firms that provide investment management and financial advice to…
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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 BCG Wealth Group. BCG Wealth 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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The Commission de Surveillance du Secteur Financier (CSSF) has just warned the public of the activities of an entity named Redbrook Financial Management, which claims to be established at 124 boulevard de la Pétrusse, L-2330 Luxembourg. The company is operating via the website www.redbrookfinancial.com. The CSSF has informed the public that Redbrook Financial Management is…
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The European Securities and Markets Authority (ESMA) announced that it has launched the process for renewing its Securities and Markets Stakeholder Group (SMSG) which is made up of representatives from different sectors of the financial markets – market participants, academia, consumers, investors, employees etc. – from across the European Union. The composition of the group…
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The Financial Markets Authority (FMA) has just issued a warning against a company called International Securities Exchange of New Zealand. International Securities Exchange of New Zealand Website: www.isenz-govt.org Address: 49 York Street, Parnell, Auckland 1052 Phone: +64 9 950 8782 Email: [email protected] Reason for warning: The FMA shared its concern that the “International Securities Exchange…
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