Spain regulator CNMV warns against two unregistered entities LeapRate

April 02, 2018 BY Valentina Kirilova

Spain regulator CNMV warns against two unregistered entities

The National Securities Market Commission (CNMV) has just published the following list of warnings reported on unregistered entities: MEDIA GC LIMITED (TRADEGC), MEDIAGCLTD.COM/ES MEDIA CLIENT SERVICE, S.L. For more details on the warnings, you can visit the CNMV website to view any existing warnings on unauthorized entities and other warnings. In addition, there is a search engine available at the…

April 02, 2018 BY Valentina Kirilova

MAS and financial industry to develop guidance on responsible use of AI

The Monetary Authority of Singapore (MAS) has announced that it is working with key industry stakeholders to develop a guide to promote the responsible and ethical use of artificial intelligence (AI) and data analytics by financial institutions. The guide will set out key principles and best practices for the use of AI and data analytics,…

April 02, 2018 BY Valentina Kirilova

FCA warns against Personal Loan Now clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Personal Loan Now. 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…

March 30, 2018 BY Valentina Kirilova

FCA warns against KayaFX 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 KayaFX. KayaFX is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

March 30, 2018 BY Valentina Kirilova

CSA publishes amendments related to reselling securities of foreign issuers

The Canadian Securities Administrators (CSA) has published amendments to National Instrument 45-102 Resale of Securities (NI 45-102) and changes to Companion Policy 45-102CP to National Instrument 45-102 Resale of Securities (45-102CP). We recognize that Canadian investors are increasingly interested in participating in the global capital markets,” said Louis Morisset, CSA Chair and President and CEO…

March 30, 2018 BY Valentina Kirilova

FINRA helps consumers to organize personal finances

Sharing sensitive information can pose potential privacy and security risks The Financial Industry Regulatory Authority (FINRA) announced that it has issued an Investor Alert to help consumers consider the risks of sharing personal financial account information and other sensitive information with data aggregators. Companies that offer financial data aggregation services put information about financial holdings…

March 30, 2018 BY Valentina Kirilova

FCA warns against Verge Finance Private Lending 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 Verge Finance Private Lending. Verge Finance Private Lending is not authorised by the FCA but has been targeting people in the UK and is also carrying…

March 29, 2018 BY Valentina Kirilova

FCA warns against All Purpose Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm All Purpose Loans. 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…

March 29, 2018 BY Valentina Kirilova

Hong Kong SFC concludes consultation on online platforms

The Hong Kong Securities and Futures Commission (SFC) has released consultation conclusions on proposed Guidelines on Online Distribution and Advisory Platforms. The guidelines provide tailored guidance to the industry on the design and operation of online platforms, including specific guidance on the provision of automated or robo-advice. The guidelines also clarify that the posting of…

March 28, 2018 BY Valentina Kirilova

French AMF warns against the activities of unauthorised websites

The Autorité des Marchés Financiers (AMF) has published a list of new unauthorized websites offering atypical investments. Here is the list of new websites recently identified: https://www.investissement.strategie-business.com/ https://uniondelor.fr/ https://www.101-carats.com/ https://www.brookfield99.com/ A list of all unauthorized websites to offer atypical investments is available in the AMF’s website and Assurance Banque Épargne Info Service – ABE IS's website. These…

Category: Regulation