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 VRS Law Firm. VRS 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 Financial Industry Regulatory Authority (FINRA) today requested comment on its rules governing outside business activities and private securities transactions as part of a new retrospective rule review. The review aligns with the ongoing FINRA360 initiative, a comprehensive review of the organization’s operations and programs. The review centers on rules governing broker-dealer employees’ business and…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Norde Bank. 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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The Securities and Exchange Commission (SEC) charged a pair of former head traders who ran the commercial mortgage-backed securities (CMBS) desk at Nomura Securities International Inc. (ADR) (NYSE:NMR) with deliberately lying to customers in order to inflate the profits of the CMBS desk and line their own pockets as a result. Just last month SEC…
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Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding retail forex brokerage firm Fixed Star Investment Inc., operating from website http://fxsfx.com/en/index.html. It has come to the notice of the IFSC that an entity calling itself ‘Fixed Star Investment Inc.’ is falsely and fraudulently claiming to hold a trading in securities licence…
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Former directors of Avestra Asset Management Ltd, Mr Paul Rowles and Mr Clayton Dempsey, have each been disqualified from managing corporations and restrained from providing financial services for a period of 10 years following orders made by the Federal Court, the Australian Securities and Investments Commission (ASIC) announced earlier today. Avestra was a Queensland-based responsible…
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Tradeweb Markets, a leading global provider of fixed income, derivatives and ETF marketplaces, announced that BNP Paribas, Credit Suisse, Morgan Stanley and Societe Generale are among the latest clients to join Deutsche Bank, Goldman Sachs and J.P. Morgan in selecting its Approved Publication Arrangement (APA) service. The Tradeweb APA allows firms to meet pre and post-trade transparency…
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The Securities and Futures Commission (SFC) today issued a guidance note on directors' duties and a circular to financial advisers regarding valuations in corporate transactions together with a statement on the liability of valuers for disclosure of false or misleading information. The SFC shared that has become increasingly concerned that some listed companies are acquiring…
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ASIC announced that has banned Mr Stuart Arnold-Levy from providing financial services for a period of four years and Mr David Heycock from providing financial services for a period of six years following an investigation. Mr Heycock was the director of Corporate Superannuation Pty Ltd (previously Australian Superannuation Pty Ltd and Superannuation in Australia Today…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm London Global Markets. 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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