The Monetary Authority of Singapore (MAS) announced today that it has issued a lifetime Prohibition Order (PO) against Mr Yeo Jiawei and a 3-year PO against Mr Kevin Scully. Both POs take effect from 18 December 2017. MAS had earlier served notices of intention to issue POs against Mr Yeo and Mr Scully in October…
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The National Securities Market Commission (CNMV) announced that it has approved a new Circular on the disclosure obligations of investment firms (IFs) regarding corporate governance and remuneration policy through their websites. The new Circular defines the obligations of IFs in terms of disclosure through their websites in relation to corporate governance and remuneration established in…
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The French regulator AMF (Autorité des marchés financiers) warned against the activities of the company International Markets Live LTD (IMarketsLive), which offers investors, more specifically targeting very young people, including high school students, subscriptions to various training courses and software solutions designed to help investors to trade on the foreign exchange (Forex) market. The company…
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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 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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