The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Anton Falk Capital Partners. 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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Following a review by Australian regulator ASIC, five Australian banks have informed that they will improve their compliance measures and controls for deposit accounts that can be operated by a third party, such as a financial adviser. ASIC’s industry-wide review was prompted by concerns raised through an investigation of the conduct of persons involved in…
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Australian regulator ASIC has just announced that it has permanently banned Bee Chin Lim, also known as Vicky Bee Chin Lim of Yagoona in New South Wales, from providing financial services. Ms Lim was the sole director of JJ Global Network Pty Ltd (JJ Global), which was closely associated with Malaysian-based entity called JJ Global…
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Women are participating in the workforce and gaining tertiary qualifications at a greater rate than ever before but many women lack confidence when it comes to money. Research by Australian regulator ASIC has found: 46% of women find money decisions overwhelming and stressful On average, women retire with half the super balance of men ($230,907…
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The Hong Kong Securities and Futures Commission (SFC) has just announced that it has banned Ms Cham Nga Yin from re-entering the industry for life for misappropriation of clients’ money. Cham was a former licensed representative of Tanrich Futures Limited (Tanrich Futures), now known as Southwest Securities (HK) Futures Limited. The SFC found that Cham…
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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 Options Tech Limited. Options Tech Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Cyprus financial regulator CySEC has announced that it has reached a settlement with the company Coverdeal Holdings Ltd. The settlement is for the amount of €250.000. The company has already paid the amount of €250.000. The full note issued by CySEC on the matter reads as follows: 08 August 2018 CYSEC Board Decision Announcement date:…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Horst Weinmann. 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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Australian regulator ASIC has just announced that it has permanently banned Mr Brody Glenn Jarman of Yarrawonga, Victoria from providing financial services. Mr Jarman was banned following an ASIC investigation into his dealings with client money while working as an insurance broker. In February 2016, he pleaded guilty in the Cobram Magistrates Court to seven…
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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 Prestige Financial Markets. Prestige Financial Markets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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