Category: Regulation

April 19, 2018 BY Valentina Kirilova

Luxembourg regulator CSSF warns against Luxembourg Offshore Banking

The Commission de Surveillance du Secteur Financier (CSSF) has just issued a warning of the activities of an entity named Luxembourg Offshore Banking. The company is operating via website: http://www.luxosb.com, and claims to be established in Luxembourg. The CSSF has informed the public that the entity named Luxembourg Offshore Banking has not been granted any…

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April 19, 2018 BY Valentina Kirilova

Belize regulator IFSC warns against BTC Home Mining

Belize financial regulator IFSC has issued a Warning Notice regarding a company called BTC Home Mining. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the IFSC…

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April 19, 2018 BY LeapRate Staff

SEC introduces Regulation Best Interest to protect retail investors

The U.S. Securities and Exchange Commission (SEC) today voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of advice relationships and investment products. Under proposed Regulation Best Interest, a broker-dealer would be…

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April 18, 2018 BY Valentina Kirilova

FCA warns against Pacific Sunrise UK Ltd T/A CFD Stocks

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 Pacific Sunrise UK Ltd T/A CFD Stocks. Pacific Sunrise UK Ltd T/A CFD Stocks is not authorised by the FCA but has been targeting people in…

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April 18, 2018 BY Valentina Kirilova

FCA warns against Premium Peak Ltd T/A Greenfields Capital

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 Premium Peak Ltd T/A Greenfields Capital. Premium Peak Ltd T/A Greenfields Capital is not authorised by the FCA but has been targeting people in the UK…

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April 18, 2018 BY Valentina Kirilova

ASIC bans former financial adviser for dishonest conduct

ASIC has announced that it has permanently banned Mr Grant Desmond Taylor, of Montmorency, Victoria from providing financial services after finding he engaged in dishonest and deceptive conduct towards his clients. ASIC also found that Mr Taylor was not of good fame or character. Mr Taylor was an authorised representative of GWM Adviser Services Ltd…

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April 18, 2018 BY Valentina Kirilova

OSC warns against BitConnect, BitConnect Coin and the BCC Exchange

The Ontario Securities Commission (OSC) has just made a warning against BitConnect. BitConnect manages the websites bitconnect.co and bitconnectcoin.co, where it claims to operate an online exchange platform known as the BCC Exchange. These sites offer multiple investment opportunities that include “mining”, “trading” and “staking” BitConnect Coin, which is also known as BCC Coin. BitConnect…

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April 18, 2018 BY Valentina Kirilova

ASIC bans former Suncorp Financial Services financial adviser

ASIC has announced that it has banned Queensland financial adviser Gerald Grubwinkler from providing financial services for four years. ASIC found that Mr Grubwinkler failed to act in his clients' best interests when providing advice on superannuation and insurance. Specifically, ASIC found that Mr Grubwinkler had failed to: adequately identify the subject matter and scope…

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April 17, 2018 BY Valentina Kirilova

Growth in Americas helps derivatives market offset declines in EMEA & Asia-Pacific

The World Federation of Exchanges (WFE), the global industry group for exchanges and central counterparties (CCPs), has just published its annual WFE IOMA Derivatives Market Report (.pdf file) today, which shows the total volume of derivatives traded in 2017 declined by 0.2%. ​Stock markets worldwide and the global economy ended 2017 on a strong note. Benchmark…

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