Category: Regulation

cssf warning
July 24, 2017 BY Valentina Kirilova

Luxembourg regulator CSSF warns against forex website luxembourg-capital-finance.com

The Commission de Surveillance du Secteur Financier (CSSF) has issued a warning concerning the website www.luxembourg-capital-finance.com. The website offers investment services on financial contracts allowing to take FOREX positions. The CSSF informed that the operators of the website www.luxembourg-capital-finance.com are unknown to it and have not been granted the authorisation required to provide financial services…

Read more
BCSC warning
July 24, 2017 BY Valentina Kirilova

Sea Faith Bullion Limited receives warning from Canadian regulator BCSC

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List the companies Sea Faith Bullion Limited and Sea Faith International Industrial Limited. Sea Faith Bullion Limited and Sea Faith International Industrial Limited (together, the Parties) claim to be based in Hong Kong, Shenzhen, Dongguan, Harbin and several other major…

Read more
fca warning
July 24, 2017 BY Valentina Kirilova

FCA warns against LDN Exchange firm

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 LDN Exchange. LDN Exchange is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

Read more
asic bans
July 24, 2017 BY Valentina Kirilova

ASIC permanently bans former finance analyst

ASIC announced that has permanently banned Ms Thuy Thi VU, a former finance analyst in Darwin, NT from the credit and financial services industries. Ms Vu, a former finance analyst in the Darwin branch of Alldrive Holdings Pty Ltd, trading as United Financial Services (WA), was convicted on nine charges of submitting false or misleading…

Read more
clone firm FCA warning
July 21, 2017 BY Valentina Kirilova

FCA warns against Oxford Capital Partners clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Oxford 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…

Read more
sec whistleblower award
July 21, 2017 BY Valentina Kirilova

JPMorgan whistleblowers share a record $61 million award

The Securities and Exchange Commission (SEC) has announced that is giving away a record $61 million award to two whistleblowers for helping make the case that JPMorgan Chase & Co. (NYSE:JPM) failed to disclose to wealthy clients that it was steering them into investments that would be most profitable for the bank, Bloomberg shared yesterday. The…

Read more
ESMA ceases renewal of product intervention CFDs measures
July 20, 2017 BY Valentina Kirilova

ESMA to cooperate with Indian regulators on CCPs

The European Securities and Markets Authority (ESMA) announced that has established a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SEBI) under the European Markets Infrastructure Regulation (EMIR). The MoU establishes cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorised or recognised in India,…

Read more
fca warning
July 20, 2017 BY Valentina Kirilova

FCA warns against UK Tech Protect Limited firm

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 UK Tech Protect Limited. UK Tech Protect Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…

Read more
July 20, 2017 BY Valentina Kirilova

ASIC consults on revised license regime for domestic and overseas market operators

ASIC announced that is consulting on proposals to refine and update ASIC’s regulatory guidance on the licensing regime for financial markets. Consultation Paper 293 Revising the market licence regime for domestic and overseas operators (CP 293) proposes introducing a two-tiered market licence regime, based on a risk-based assessment. The second tier of licence will be…

Read more
UN report says North Korea laundered $2 billion theft via Hong Kong firm
July 20, 2017 BY Valentina Kirilova

SEC bars lawyer who committed fraud

The Securities and Exchange Commission (SEC) announced that has barred a New York-based attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate filings. The SEC’s order finds that David Lubin committed fraud while serving as…

Read more