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 firm Taylor & Clark / Taylor and Clark / TC Wealth. Taylor & Clark / Taylor and Clark / TC Wealth is not authorised by the FCA…
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ASIC just announced that has banned Mr Ramana Rao of Heathpool, South Australia, from providing financial services for three years because he was not adequately trained or competent and demonstrated a lack of professionalism, judgement and integrity when advising some of his SMSF clients. ASIC found that Mr Rao had advised one of his clients…
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The Financial Markets Authority (FMA) has just published its first statistical report on peer-to-peer lending and crowdfunding in New Zealand. The data shows $259.9 million is currently loaned to individuals and $29.5 million loaned to businesses through peer-to-peer lending in the year ending 30 June 2017. A total of $74.2 million was raised from investors…
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NEX Regulatory Reporting, a NEX Group (LON:NXG) business which provides regulatory reporting services across global regulatory regimes, has announced that NEX Abide Trade Repository AB has received approval from the European Securities and Markets Authority (ESMA) for its Swedish-based trade repository under the European Market Infrastructure Regulation (EMIR). The approval will allow NEX Regulatory Reporting…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm DuetInvest. 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 scam…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have issued a circular highlighting observations from their recent joint thematic reviews on the potential conflicts of interest arising from the sale of in-house products by registered institutions and licensed corporations within a single financial group. The reviews mainly focused on internal…
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TMX Group (TSX:X), owner and operator of CDS, Canada's equities and fixed income clearing house, has today provided an update on the engagement with the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial securities regulators, regarding the clearing of securities of issuers with marijuana-related activities in the U.S. Details can be…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm NBLFX/ Niru Bala Limited / Numex Foreign Exchange Corporation. 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…
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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 firm MBQ International Incorporated. MBQ International Incorporated 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 Board of the International Organization of Securities Commissions (IOSCO) has today published 14 good practices on the voluntary termination of investment funds that seek to protect investors’ interests during the termination process. In its final report titled IOSCO Report on Good Practices for the Termination of Investment Funds, IOSCO highlights the importance for investment…
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