Australian regulator ASIC has announced that it has restricted Henry Morgan Limited (HML) from eligibility to issue a reduced-content prospectus until 8 June 2019. The decision means HML will not be able to rely on reduced-disclosure rules and instead must issue a full prospectus if it wishes to raise funds from retail investors. ASIC's decision…
Read moreAustralian regulator ASIC has announced that it has permanently banned former credit representative Mr Colin William Hulbert, of Cairns, Queensland, from engaging in credit activity. Mr Hulbert was the sole director of Channic Pty Ltd (Channic), Cash Brokers Pty Ltd (Cash Brokers) and Ang Hulbert & Associates Pty Ltd (AHA). Channic and Cash Brokers both…
Read moreUK 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 Morgan Wealth Advisory. Morgan Wealth Advisory is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Shore Capital. 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…
Read moreUK 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 Clingstone Bank Plc. Clingstone Bank Plc is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Viking Investments Global. 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…
Read moreFINRA has just announced details of a multi-phased effort to overhaul its registration and disclosure programs, including the Central Registration Depository (CRD)—the central licensing and registration system that FINRA operates for the U.S. securities industry and its regulators and that provides the backbone of BrokerCheck. The first phase of the transformation—a new WebCRD interface that…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Satis Asset Management. 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…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Car Insurance 4 u. 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…
Read moreThe Financial Markets Authority (FMA) has just issued a warning to a company called SME International. SME Address: Purports to be 188 Quay Road, 17th Floor, Auckland 1010 Phone: +64 09 950 8477 Website: www.sme-international.com The regulator has received copies of marketing material published by SME that falsely claims the company is licensed and regulated…
Read more