ASIC announced that it has disqualified Mr Peter Kalos of Kurnell, NSW, from managing companies for the maximum period of five years as a result of his involvement in nine failed companies. ASIC found that Mr Kalos: improperly used his corporate position by causing assets to be transferred for little or no consideration to the…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Carina 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…
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The Cyprus Securities and Exchange Commission (CySEC) has informed that the ESMA Guidelines on the management body of Market Operators and Data Reporting Services Providers have been adopted by CySEC. The complete text of the announcement can be seen below: TO : Market Operators and Data Reporting Service providers FROM : Cyprus Securities and Exchange…
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ASIC announced that it has accepted an Enforceable Undertaking from director Mr David Orth under which he will cease to provide financial services for five years. In addition, Mr Orth will make a community benefit payment in the amount of $400,000 to Financial Literacy Australia to support the financial capability of vulnerable people. Mr Orth…
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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 XMarkets.com. XMarkets.com 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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The European Securities and Markets Authority (ESMA) announced that it is launching its Interactive Single Rulebook, which is a new service for market participants and other interested stakeholders across the European Union. The tool is launched today with the Level 1 text of the UCITS Directive, and links to all relevant Level 2 and Level…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Your Loan Deals. 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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The Australian Securities and Investments Commission (ASIC) announced that it has created a new section on its website to help financial advisers navigate the incoming professional standards requirements. The new requirements are aimed at lifting the education, training and ethical standards in the financial advice sector. ASIC’s website now provides an overview of the new…
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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 Prime CFDs. Prime CFDs 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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The Board of the Autorité des Marchés Financiers (AMF) just announced that it has decided to withdraw its authorisation for portfolio management company Vendôme Capital Partners. This withdrawal will take effect on 27 April 2018. The Board of the AMF, meeting on 23 January 2018, took note that the company no longer met the conditions…
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