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 Osbourne Mulligan Consulting. Osbourne Mulligan Consulting 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 European Securities and Markets Authority (ESMA) has added 12 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The new Q&As cover the topics of client categorisation, post-sale reporting, recording of telephone conversations and electronic…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Yinforex Capital Ltd. 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 UK Financial Conduct Authority (FCA) has put out details of the cloned firm Lend Mutual. 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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The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) announced that has adopted two measures prohibiting the advertisement of the public offer promoted by the companies Questra World, Questra Holdings and Atlantic Global Asset Management, concerning financial investments. This is due to the fact that…
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Mauritius financial regulator the Financial Services Commission (FSC) has issued a note that Novatec LLP is claiming to be an international company which provides its customers with an efficient trading platform for private investors to conduct their activity all over the world. It purports to have its contact details as: 225 Kingstown Park Road P.O…
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The Australian Securities and Investment Commission (ASIC) announced that has permanently banned financial adviser Koresh Daniel Houghton from providing financial services because he had engaged in misleading, deceptive and dishonest conduct and failed to act in his clients' best interests when providing advice. ASIC's surveillance of Mr Houghton found that he: had created false documents…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm AMAC Mortgages & Loan Ltd. 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…
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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 Myfinance. Myfinance 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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Andrew Bailey, Chief Executive of the FCA gave a speech today at the Official Monetary and Financial Institutions Forum. Below is the speech as drafted and may differ from the delivered version: Highlights We can learn lessons by putting the issues around Brexit into a historical context. Common regulatory standards are a necessary condition for…
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