Category: Regulation

cnmv spain forex regulation
August 16, 2017 BY Valentina Kirilova

Spain regulator CNMV warns against several unregistered entities

The National Securities Market Commission (CNMV) publishes 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)): Paramount Law Boston, operating at www.paramountlawboston.com Money Solutions UK Higa and Partners, operating at www.HigaandPartners.com Kleinwort Benson (Ventures),operating at www.kwbenson.com, and The…

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August 16, 2017 BY Valentina Kirilova

MFSA issues an administrative measure against P.D.K. Financial Services Limited

The Malta Financial Services Authority (MFSA) has just issued an administrative measure against P.D.K. Financial Services Limited (the Financial Institution) for failure to communicate with the Authority and to submit its audited financial statements within the stipulated timeframes. P.D.K. Financial Services Limited has been directed to: make immediate contact with the Authority, preserve and safeguard…

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fca warning
August 15, 2017 BY Valentina Kirilova

FCA warns against Router Bank / Routar Bank 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 Router Bank / Routar Bank. Router Bank / Routar Bank is not authorised by the FCA but has been targeting people in the UK and is…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
August 15, 2017 BY Valentina Kirilova

IOSCO consults on recommendations to improve transparency of corporate bond markets

Corporate bond markets are a significant part of the global capital markets and a critical source of financing for economic growth. Since 2004, various developments have impacted corporate bond markets. These include changes in regulation as well as the market structure; the entrance of new participants; a shift from the traditional dealer-based principal model to…

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fca warning
August 15, 2017 BY Valentina Kirilova

FCA warns against Higa and Partners 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 Higa and Partners. Higa and Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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Regulation
August 15, 2017 BY Valentina Kirilova

ASIC disqualifies NSW SMSF auditor

ASIC just announced that has disqualified John Evennett of New South Wales from being an approved self-managed superannuation fund (SMSF) auditor. ASIC determined that Mr Evennett had breached fundamental independence and audit requirements. Given the nature of these breaches, it was considered appropriate to disqualify Mr Evennett. ASIC found that Mr Evennett had breached: auditor…

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clone firm FCA warning
August 15, 2017 BY Valentina Kirilova

FCA warns against Essential loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Essential loans. 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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asic charges
August 14, 2017 BY Valentina Kirilova

FINRA expels Hallmark Investments Inc. and bars CEO for fraud

The Financial Industry Regulatory Authority (FINRA) just announced that it has expelled New York-based Hallmark Investments, Inc. and barred its Chief Executive Officer, Steven G. Dash, in connection with a scheme to sell shares of stock to customers at fraudulently inflated prices. FINRA also suspended Hallmark representative Stephen P. Zipkin for two years and required…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
August 14, 2017 BY Valentina Kirilova

SEC files charges in oil drilling investment scheme

The Securities and Exchange Commission (SEC) charged two Tennessee men and an accomplice in Fort Lauderdale with allegedly defrauding investors they lured by false promises of high returns from an oil drilling investment opportunity. According to the SEC’s complaint filed in federal court in Savannah, Georgia, David R. Greenlee and David A. Stewart Jr. orchestrated…

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