Category: Regulation

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
August 25, 2017 BY Valentina Kirilova

Muni bond issuer and underwriter charged with disclosure failures

The Securities and Exchange Commission (SEC) announced that a municipal financing authority in Beaumont, California, and its then-executive director have agreed to settle charges that they made false statements about prior compliance with continuing disclosure obligations in five bond offerings. Also settling charges are the underwriting firm behind those offerings and its co-founder for failing…

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August 24, 2017 BY Valentina Kirilova

ASIC launches Small Business Strategy 2017-2020

ASIC has today outlined its approach and broader vision for working with small business with the launch of its Small Business Strategy 2017-2020. Speaking at the National Small Business Summit in Melbourne, ASIC Commissioner John Price said: ASIC's Small Business Strategy has been developed to explain the work we are doing to support small business.…

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fca warning
August 24, 2017 BY Valentina Kirilova

FCA warns against Bembridge Assurance 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 Bembridge Assurance. Bembridge Assurance 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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cnmv spain forex regulation
August 23, 2017 BY Valentina Kirilova

Spain regulator CNMV warns against three unregistered entities

The National Securities Market Commission (CNMV) published the following list of warnings reported on unregistered entities that were received through international supervisors (in this case – the UK financial regulator Financial Conduct Authority (FCA)): CDN Law Firm, operating at www.cdnlawfirm.com Ashton Moore Developments/ Ashton Moore, operating at www.AshtonMooreDevelopments.com FXCM International Finance Group clone firm For…

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fca warning
August 23, 2017 BY Valentina Kirilova

FCA warns against Atsuko Ventures 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 Atsuko Ventures. Atsuko Ventures 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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fca warning
August 23, 2017 BY Valentina Kirilova

FCA warns against Indigo Loans 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 Indigo Loans. Indigo Loans 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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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
August 23, 2017 BY Valentina Kirilova

SEC charges investment adviser with defrauding professional athlete and wife

The Securities and Exchange Commission (SEC) announced that has charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fees they were paying. The SEC alleges that Drake went to elaborate lengths to conceal his fraud, including creating and sending…

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