The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Instant Pound. 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 Securities and Futures Commission (SFC) today issued a statement on existing regulations which could be applicable to initial coin offerings (ICOs). Today’s statement explains that depending on the facts and circumstances of an ICO, digital tokens that are offered or sold may be “securities” as defined in the Securities and Futures Ordinance, and accordingly…
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Assetz Capital, one of the UK’s largest Peer-to-Peer platforms, just announced it has received full authorisation from the UK regulator, the Financial Conduct Authority (FCA). The company has lent more than £316 million to businesses nationwide. Following its successful FCA application, Assetz Capital is now in the final stages of completing its work on its…
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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 Wilkins Developments. Wilkins Developments 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 Administrative Appeals Tribunal announced that has affirmed decisions by ASIC to cancel the Australian financial services (AFS) licenses of Mark Raymund Power and Mark Power Financial Pty Ltd (MPF); and to refuse a license application made by Global Financial Markets Pty Ltd (GFM). On 14 November 2011 ASIC cancelled the licenses of Mr Power…
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The Hong Kong Securities and Futures Commission (SFC) today obtained disqualification orders in the Court of First Instance against the former chairman, Mr Li Hejun, and four current independent non-executive directors, Ms Zhao Lan, Mr Wang Tongbo, Mr Xu Zheng and Mr Wang Wenjing, of Hanergy Thin Film Power Group Limited (Hanergy). Li was disqualified…
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Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) just notified the changes introduced in relation to Passporting Issues and the provision of investment services and activities by third country firms under MiFID II. LeapRate already posted an article on the changes MiFID II will bring to those who passport financial licenses. The complete text…
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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 Standard Fidelity. Standard Fidelity 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 UK Financial Conduct Authority (FCA) has put out details of the cloned firm Quick Loans 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 Eduard Steinbach. 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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