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 Sutton Johnson Holdings. Sutton Johnson Holdings is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Global Foreign Exchange Committee (GFXC) has today published an updated FX Global Code incorporating revised guidance on trading in the last look window, known as Principle 17. The revised Principle 17 states that market participants should not undertake trading activity that utilises information from the client's trade request during the last look window. It…
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Demonstrating its commitment to deliver a comprehensive suite of solutions to assist the financial services industry with ensuring ongoing compliance with impending MiFID II requirements, Thomson Reuters (NYSE:TRI) announced that it has expanded its e-learning capabilities with new compliance training courses designed to give organizations a clear, concise understanding of the regulatory framework mandated by…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Hansa Capital 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…
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ASIC announced that it has accepted an enforceable undertaking (EU) from former MyPlanner Australia Pty Ltd adviser, James Fraser, after it was found that he failed to act in the best interests of his clients. Under the EU, Mr Fraser has agreed that he will not provide financial services for a period of at least…
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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 Axeworth Securities. Axeworth Securities 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 European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&A) regarding data reporting under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). This document includes updated Q&As on: Unknown date of admission Concept of underlying Non-EU branches of EU Investment firms The purpose of this document is…
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Spain’s financial regulator National Securities Market Commission (CNMV) has issued a warning regarding two websites - www.trade12.com and https://binomo.com. According to CNMV records, these institutions are not registered in the corresponding registry of this Commission and, therefore, are not authorized to provide investment services. Entity warned EXO CAPITAL MARKETS LIMITED WWW.TRADE12.COM TIBURON CORPORATION LIMITED HTTPS://BINOMO.COM…
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The Hong Kong Securities and Futures Commission (SFC) informed that it has today launched a three-month consultation on proposed amendments to the Code on Unit Trusts and Mutual Funds (UT Code) to update the regulatory regime for SFC-authorized funds and address risks posed by financial innovation and fast-moving market developments. Key proposals include strengthening requirements…
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The Commodity Futures Trading Commission (CFTC) informed that it has added 21 new names to the Registration Deficient List (RED List). These 21 new additions bring the total number of foreign entities on the RED List to 125. The RED List, launched in September 2015 identifies unregistered foreign entities that the CFTC has reason to…
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