Category: Regulation

Regulation
March 27, 2018 BY Valentina Kirilova

Hong Kong regulators to enhance the OTC derivatives regulatory regime

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have issued a joint consultation on further enhancements to the over-the-counter (OTC) derivatives regulatory regime in Hong Kong, including a proposal to mandate the use of the Legal Entity Identifier (LEI) for the reporting obligation. To align with global standards, all entities…

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clone firm FCA warning
March 26, 2018 BY Valentina Kirilova

FCA warns against Money Saving Expert clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Money Saving Expert. 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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clone firm FCA warning
March 26, 2018 BY Valentina Kirilova

FCA warns against Heritage Capital clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Heritage 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…

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clone firm FCA warning
March 26, 2018 BY Valentina Kirilova

FCA warns against Zan Partners clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Zan Partners. 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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FCA warning
March 23, 2018 BY Valentina Kirilova

FCA warns against Options Tech Limited t/a MWM Markets

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 Options Tech Limited t/a MWM Markets. Options Tech Limited is not authorised by the FCA but has been targeting people in the UK and is also…

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clone firm FCA warning
March 23, 2018 BY Valentina Kirilova

FCA warns against Automatix Top Limited clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Automatix Top 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 tactics…

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FCA warning
March 23, 2018 BY Valentina Kirilova

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

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ASIC
March 22, 2018 BY Valentina Kirilova

Directors of Storm Financial disqualified for breach of duties

The Australian Securities and Investments Commission (ASIC) has informed the public that the Federal Court has imposed civil penalties of $70,000 each on the directors of Storm Financial, Emmanuel and Julie Cassimatis, who were previously found by the Court to have breached their duties as directors. They were also disqualified from managing corporations for 7…

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clone firm FCA warning
March 22, 2018 BY Valentina Kirilova

FCA warns against Riel Investment clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Riel Investment. 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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FCA warning
March 22, 2018 BY Valentina Kirilova

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

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