The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Active Funds ICAV. 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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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 Ashton Moore Developments. Ashton Moore Developments is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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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 CDN Law Firm. CDN Law Firm 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 Securities and Exchange Commission (SEC) announced that hedge fund advisory firm Deerfield Management Company L.P. has agreed to pay more than $4.6 million to settle charges that it failed to establish, maintain, and enforce policies and procedures reasonably designed to prevent the misuse of inside information, including information about confidential government decisions. The case…
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Mr Gavin Keith Hyland has been permanently banned from engaging in credit activities or providing financial services, ASIC announced earlier today. Mr Hyland was banned following his recent conviction in the Brisbane District Court on two counts of dishonestly using his position to misappropriate $104,110 of investor funds. Mr Hyland is currently serving a two…
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The Financial Services and Markets Authority (FSMA) issued another warning today against the activities of Bellmore Group, a company that offers investment services. Bellmore Group is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium. Moreover, according to the information available to the FSMA,…
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Belgium’s financial regulator the Financial Services and Markets Authority (FSMA) just issued a warning against several companies engaging in unauthorized activities on the Belgian market. The companies are the following: Bellmore Group, operating at www.bellmoregroup.com Devin Consultants, operating at www.devinconsultants.com Excon Fuji Securities, operating at www.efsecurities.com Olivier and Mann, operating at www.olivierandmann.com Orix Capital Trading,…
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ASIC has permanently banned Daniel Joseph Noonan, a former financial adviser based in Hobart, from the credit and financial services industries. Mr Noonan was banned after pleading guilty and being convicted of 97 counts of fraud and 10 counts of stealing in the Supreme Court of Tasmania on 23 June 2017, following an investigation by…
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UK financial regulator Financial Conduct Authority (FCA) announced that will soon be launching a campaign to inform people about the 29 August 2019 deadline to complain about payment protection insurance (PPI). This campaign will complement the regulatory and supervisory work we have done – and will continue to do – around PPI. The consumer campaign…
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The Securities and Exchange Commission (SEC) announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. Data analysis allowed the SEC’s enforcement staff to uncover the illicit trading despite the traders’ alleged use of shell companies, code words, and an encrypted,…
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