Category: Regulation

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
September 26, 2017 BY Valentina Kirilova

SEC announces enforcement initiatives to combat cyber-based threats and protect retail investors

As a follow up news today, the Securities and Exchange Commission (SEC) just announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. The creation of a Cyber Unit that will focus on targeting cyber-related misconduct and the establishment of a retail strategy task…

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clone firm FCA warning
September 26, 2017 BY Valentina Kirilova

FCA warns against Speed Finance UK clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Speed Finance UK. 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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clone firm FCA warning
September 26, 2017 BY Valentina Kirilova

FCA warns against National Debt Help clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm National Debt Help. 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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September 26, 2017 BY Valentina Kirilova

French AMF warns against unauthorized websites offering diamond investments

The Autorité des marchés financiers (AMF) has published a list of new websites offering diamond investments, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: http://4cpatrimoine.com/ http://blue-diamond-invest.com/ http://boursediam.com/ https://www.diamond-expertise.com/ https://www.group-diamonds.com/ http://www.groupesaphir.net/ https://www.infinitediamond.com/ https://lacentraledudiamant.com/ http://www.luxydiamonds.com/ https://netfinancediams.com/ http://pearl-diamonds.com/ https://placedudiamant.com/ https://thebank-of-diamond.com/ https://www.valeur-diamant.com/ https://vendomeprestige.com/ The AMF has also…

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bscs warning
September 25, 2017 BY Valentina Kirilova

CySEC and Bulgarian FSC warn against Interactive Company JSC (formerly Global Markets JSC)

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors regarding the following decision by the Bulgarian Financial Supervision Commission (FSC), concerning Interactive Company JSC (formerly Global Markets JSC), and the procedure which clients who are to make claims against it, should follow, not later than 30th September 2017: On 5th of July 2017…

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sfc bans
September 25, 2017 BY Valentina Kirilova

Hong Kong SFC bans a former account executive of Sincere Securities Limited

The Hong Kong Securities and Futures Commission (SFC) announced that has banned Mr Shum Kam Ming, a former account executive of Sincere Securities Limited (Sincere Securities), from re-entering the industry for life in connection with conducting unauthorized transactions in a client’s account. The disciplinary action follows an SFC investigation which found that between March 2014…

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