Category: Regulation

June 20, 2018 BY Valentina Kirilova

CySEC to withdraw Management Company license of Ankor Capital Ltd

The Cyprus Securities and Exchange Commission (CySEC) has just announced that, on its meeting of 30 April 2018, has decided, pursuant to section 121(1)(a) of the Open-Ended Undertakings for Collective Investment Law (UCI Law), to withdraw the authorisation of Ankor Capital Ltd as Management Company, as it has expressly renounced its authorisation. Following the decision…

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June 20, 2018 BY Valentina Kirilova

FCA warns against Apex Tradex clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Apex Tradex. 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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June 20, 2018 BY Valentina Kirilova

ASIC cancels Cairns liquidator’s registration

The registration of Mr Justin James Cadman as a registered liquidator was cancelled on 13 June 2018 following orders made on 8 June 2018 in the Federal Circuit Court of Australia, which resulted in Mr Cadman being declared bankrupt (an insolvent under administration), the Australian regulator ASIC announced earlier today. On 19 June 2018, ASIC…

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June 20, 2018 BY Valentina Kirilova

FCA warns against Storm Finance Limited 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 Storm Finance Limited. Storm Finance 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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June 19, 2018 BY Valentina Kirilova

FCA warns against Coin Boost Inc. 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 Coin Boost Inc. Coin Boost Inc. is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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June 19, 2018 BY Valentina Kirilova

FCA warns against Cardiff Savings and Loans Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Cardiff Savings and Loans Ltd. 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…

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June 19, 2018 BY Valentina Kirilova

Firm expelled from FINRA membership for allowing broker to work while suspended

Financial Industry Regulatory Authority (FINRA) announced today that a FINRA hearing panel permanently barred broker Bruce Martin Zipper of Miami, FL, for continuing to conduct firm business while serving a three-month suspension. The hearing panel also expelled his firm, Dakota Securities, from FINRA membership for not adequately supervising Zipper, allowing him to associate while suspended…

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June 19, 2018 BY Valentina Kirilova

FCA warns against Publiczny Kapital Oszczednosci clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Publiczny Kapital Oszczednosci. 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…

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June 19, 2018 BY Valentina Kirilova

FCA warns against Virtuous Wealth Ltd 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 Virtuous Wealth Ltd. Virtuous Wealth Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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June 19, 2018 BY Valentina Kirilova

SFC proposes margin requirements for non-centrally cleared OTC derivatives

The Hong Kong Securities and Futures Commission (SFC) has today launched a two-month consultation on proposals to impose margin requirements for non-centrally cleared over-the-counter (OTC) derivatives. Under the proposals, a licensed corporation which is a contracting party to a non-centrally cleared OTC derivative transaction entered into with an authorised institution, a licensed corporation or another…

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