The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Miton Asset Management, trading as Miton Commodities. 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…
Read more
The Canadian Securities Administrators (CSA) today published an annual activity report outlining its investor education and outreach efforts over the past year. The CSA Investor Education Committee continues to prioritize investors’ needs and develop innovative ways to help Canadians understand more about their finances,” said Louis Morisset, CSA Chair and President and CEO of the…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm London Finance and Investment Corporation. 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…
Read more
The FMA noted a recent warning by the Hong Kong Securities and Futures Commission against China FX broker VHTrade. The FMA is concerned that Vhtrade International Financial Group claims to be registered on the FSPR when they are not. Vhtrade International Financial is operating at website www.vhtrade.cn. The address given is 4B, Jinwei Commercial Building,…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Merit 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…
Read more
The Hong Kong Securities and Futures Commission (SFC) has today issued a circular expressing its concerns about the management of some private funds and discretionary accounts. During the SFC’s supervision of licensed corporations engaged in the asset management business, a number of private funds and discretionary accounts with concentrated, illiquid and interconnected investments were found…
Read more
Securities Commission Malaysia (SC) has reprimanded a China-based sports equipment company, Telent Outdoor (Hong Kong) Technology Co. Ltd (Telent), and imposed a permanent moratorium on two of its directors for submitting false information. Hui Tang Tat and his father, Hui Chi Keung, are the Executive Director and Managing Director of Telent respectively. The individuals, both…
Read more
FTSE Russell announced that it has published its latest annual Statement of Compliance with the recommendations made by the International Organization of Securities Commissions (IOSCO), as laid out in the Principles for Financial Benchmarks published in July 2013 (the IOSCO Principles). The IOSCO Principles aim to promote the reliability of benchmarks addressing issues surrounding governance;…
Read more
The securities regulatory authorities in Ontario, Québec, Alberta, Manitoba and New Brunswick (the participating jurisdictions) today published CSA Multilateral Staff Notice 61-302 Staff Review and Commentary on Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. The notice outlines the approach used to review material conflict of interest transactions, including insider bids, issuer…
Read more
ASIC has noted the decision by Richmond Club Limited, operating in the Hawkesbury region NSW, to reissue its 30 June 2016 financial reports to: recognise revenue of $1.1 million over the period of a contract for the use of assets, which runs from May 2015 to April 2016. Revenue had previously been recognised on the…
Read more