The Financial Conduct Authority (FCA) announced that it has today published its Approach to Supervision and its Approach to Enforcement. When the FCA launched its Mission, it committed to publishing a series of documents that would explain its approach to regulation in more depth. These articulate how the FCA carries out its main activities, aiming…
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The Securities Commission Malaysia (SC) has issued a warning to investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes. Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the…
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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 Euro Ventures Group (London) Limited. Euro Ventures Group (London) Limited is not authorised by the FCA but has been targeting people in the UK and is…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm DENMAN-BRYS GROUP. 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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Belize financial regulator IFSC has issued a Warning Notice regarding a company called Zenith Loan Company. 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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The U.S. Securities and Exchange Commission (SEC) today announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. In total - more than $88 million paid out by the SEC. The previous high was a $30 million award in 2014. Jane…
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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 Gainmax Capital Limited. Gainmax Capital 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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ICO issuer Black Cell Technology Limited (Black Cell) announced that it has halted its initial coin offering (ICO) to the Hong Kong public and agreed to unwind ICO transactions for Hong Kong investors by returning them the relevant tokens following regulatory action by the Hong Kong Securities and Futures Commission (SFC) over concerns that Black…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Firefly Finance. 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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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Centillion General Holding Limited. 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…
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