Category: Regulation

CySEC
August 09, 2017 BY Valentina Kirilova

CySEC announces lapse of CIF license of Reserve Invest Ltd

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 1st August 2017, the CIF Reserve Invest (Cyprus) Ltd (‘the Company’), which provided investment services via the domain www.reserve invest.com, renounced its authorisation, pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore,…

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fca warning
August 09, 2017 BY Valentina Kirilova

FCA warns against Britain 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 The Britain Loan / Britain Loans / Britt Loans. The Britain Loan / Britain Loans / Britt Loans is not authorised by the FCA but has…

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Regulation
August 09, 2017 BY Valentina Kirilova

FCA’s decision to fine and ban Charles Palmer former CEO of Adviser Network upheld

On 8 August 2017, the Upper Tribunal upheld the Financial Conduct Authority’s (FCA) decision to ban Charles Palmer, former CEO of Financial Limited and Investments Limited (“the Firms”), from performing FCA significant influence functions. The Tribunal also upheld the FCA’s decision to impose a financial penalty of £86,691 on Mr Palmer. Mr Palmer was the…

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New BIS report cites “internalization” by large banks for 7% volume drop
August 09, 2017 BY Valentina Kirilova

SEC publishes report on access to capital and market liquidity

The SEC Division of Economic and Risk Analysis (DERA) today published a report describing trends in primary securities issuance and secondary market liquidity, and assessing how those trends relate to post-crisis regulatory reforms. The report was requested by Congress as part of the FY2016 appropriations process. The report includes a survey and analysis of recent…

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fca warning
August 08, 2017 BY Valentina Kirilova

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

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fca warning
August 07, 2017 BY Valentina Kirilova

FCA warns against Westmount Associates 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 Westmount Associates. Westmount Associates 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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Scammers nick $4.4M in 2018 from online bank access: ACCC
August 07, 2017 BY Valentina Kirilova

ASIC warns customers about scam emails

The Australian Securities and Investments Commission (ASIC) has again warned its Registry customers to be vigilant of scam emails purporting to be from ASIC. Some customers continue to receive emails claiming to be from ASIC, containing attachments or links to fake invoices. These fake emails appear similar to ASIC emails and generally instruct the recipient…

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August 07, 2017 BY Valentina Kirilova

CFTC Talks - the Commission's new podcast launched today

The U.S. Commodity Futures Trading Commission (CFTC) announced that has launched a new podcast “CFTC Talks” today with special guest Acting Comptroller of the Currency Keith Noreika. CFTC Talks is the new podcast that’s geared towards providing information about the commodity markets, futures trading and other information about conditions in the U.S. and abroad affecting…

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ASIC office
August 04, 2017 BY Valentina Kirilova

ASIC charges former NAB adviser with forging documents

Mr Shane Thompson, of New Gisborne, Victoria, has appeared in the Bendigo Magistrates' Court on two charges brought by ASIC that he forged financial planning documents. ASIC alleges that between 27 December 2012 and 1 March 2013, Mr Thompson completed 22 false client change of adviser forms and submitted them to MLC Ltd to transfer…

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