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 Ridge Capital Markets. Ridge Capital Markets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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ASIC has applied to the Federal Court of Australia for the appointment of liquidators to 19 'special purpose vehicle' companies associated with the Macro Group, all of which have Desiree Veronica Macpherson as a director. These are: AGKM Green Pty Ltd; BA Sullivan Pty Ltd; Christians Holdings WA Pty Ltd; Ferrous Ferric Pty Ltd; Macpherson…
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ASIC announced that has cancelled the Australian financial services (AFS) licence of Sydney-based Group Underwriters & Managers Pty Ltd (GUM) for failing to lodge financial statements and auditor reports. GUM's AFS license has been suspended since November 2016 for failing to meet its financial services licensee obligations for consecutive years. After not lodging the financial…
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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 Pension 2 Cash. Pension 2 Cash is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding a person by the name ‘Samantha Tremblay’. According to IFSC, Samantha Tremblay is falsely and fraudulently representing to hold a personal licence issued by the International Financial Services Commission of Belize. The Licence carrying her name is a complete forgery. IFSC confirms…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Same Day Finance. 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 Stern Options. Stern Options 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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ASIC announced earlier today that has permanently banned Mr Shun Yuen Ken Li (also known as Leo Lee) from providing financial services. Mr Li was banned after pleading guilty and being convicted of two counts of dishonestly using his position as an employee of GAIN Capital Australia Pty Ltd with the intention of gaining an…
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The U.S. Securities and Exchange Commission today charged a Salt Lake City-based brokerage firm, Alpine Securities Corporation, with securities law violations related to its alleged practice of clearing transactions for microcap stocks that were used in manipulative schemes to harm investors. To help detect potential securities law and money laundering violations, broker-dealers are required to…
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Australian financial regulator ASIC has announced that it has banned Sean Nofal from providing financial services for three years. ASIC found that on two occasions Mr Nofal's conduct fell far short of the standard that would reasonably be expected of a competent financial services provider. ASIC also found that Mr Nofal did not have sufficient…
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