Category: Regulation

fma warns against unregulated company
July 19, 2018 BY Valentina Kirilova

NSSC issues a cease trade order against Ocean Links Investments

The Nova Scotia Securities Commission (NSSC) announced that it has issued a cease trade order against Ocean Links Investments Inc. The company, a Nova Scotia community economic development corporation, violated securities laws by failing to file continuous disclosure documents. The director of corporate finance ordered Ocean Links Investments Inc. to comply with Nova Scotia securities…

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fma warning
July 19, 2018 BY Valentina Kirilova

New Zealand FMA warns against MBI International or MFC Club

The Financial Markets Authority (FMA) has just issued a warning against a company called MBI International and/or MFC Club. Reason for warning: The FMA informed that it is concerned that a Malaysian based loyalty scheme, MBI International also trading as MFC Club (MFC Club) is being promoted in New Zealand. The regulator has received reports…

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asic ban
July 19, 2018 BY Valentina Kirilova

ASIC suspends AFS license of SMSF financial adviser

Australian regulator ASIC announced that it has banned Queensland financial adviser James Cribb from providing financial services for four years and suspended his Australian financial services (AFS) license, held by Mode AFSL Pty Ltd (Mode), for 10 weeks. ASIC found that Mr Cribb failed to act in his clients' best interests when providing advice on…

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ESMA bond liquidity data
July 18, 2018 BY Valentina Kirilova

ESMA clarifies endorsement regime for non-EU credit ratings

The European Securities and Markets Authority (ESMA) has published today supplementary guidance on the application of the endorsement regime for non-EU credit ratings under the Credit Rating Agencies Regulation (CRAR). In order to ensure that third-country credit ratings, which are endorsed for use by EU investors, meet requirements which are at least as stringent as…

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sfc bans
July 18, 2018 BY Valentina Kirilova

Hong Kong SFC bans individual for 30 months

The Securities and Futures Commission (SFC) announced that it has banned Mr Poon Chun Hing from re-entering the industry for 30 months from 18 July 2018 to 17 January 2021. The disciplinary action follows an SFC investigation which found that in July 2015, Poon offered to invest for a friend, and agreed not only to…

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bscs warning
July 18, 2018 BY Valentina Kirilova

New Zealand FMA warns against Caxton Global company

The Financial Markets Authority (FMA) has just issued a warning against a  company called Caxton Global. Caxton Global Websites: www.caxtonglobal-fx.com, www.caxtonmarkets.com, www.caxtontrading.com and www.caxtonglobal-fx.net Reason for warning: The regulator is concerned that the websites (www.caxtonglobal-fx.com, www.caxtonmarkets.com, www.caxtontrading.com and www.caxtonglobal-fx.net) claim that Caxton Global is a registered financial service provider, authorised and regulated in New Zealand,…

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fca warning
July 17, 2018 BY Valentina Kirilova

FCA warns against 2dots Limited trading as 8infx

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 2dots Limited t/a 8infx. 2dots 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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fca warning
July 17, 2018 BY Valentina Kirilova

FCA warns against Talbot Review Centre 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 Talbot Review Centre. Talbot Review Centre is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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