Category: Regulation

April 12, 2017 BY Valentina Kirilova

Belize regulator IFSC warns against forex broker Tradeex Ltd.

Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding retail forex brokerage firm Tradeex Ltd. IFSC announced that it has come to its notice that an entity calling itself ‘Tradeex Ltd.’ is falsely and fraudulently claiming to be an International Business Company registered in Belize. The Certificate of Incorporation No.147,333 carrying its…

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April 12, 2017 BY Valentina Kirilova

ASIC cancels AFS licence of responsible entity DD&D Securities

ASIC has cancelled the Australian financial services (AFS) licence of DD&D Securities Ltd (AFS licence 221147) for failing to comply with a number of its key obligations as a financial services licensee. In particular, ASIC found that DD&D Securities failed to: maintain membership with an external dispute resolution scheme approved by ASIC; lodge its financial…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
April 11, 2017 BY Valentina Kirilova

SEC: Payments for bullish articles on stocks must be disclosed to investors

The Securities and Exchange Commission (SEC) announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading independent, unbiased analyses on investing websites while writers were being secretly compensated for touting company stocks. SEC investigations uncovered scenarios in which public companies hired promoters…

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April 11, 2017 BY Valentina Kirilova

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

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ESMA bond liquidity data
April 10, 2017 BY Valentina Kirilova

ESMA reports on EU accounting enforcement in 2016

The European Securities and Markets Authority (ESMA) has published its annual report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU) in 2016. ESMA, in 2016, continued strengthening supervisory convergence in the area of financial reporting, to improve the consistency and quality across the EU. ESMA achieves this through coordinating…

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sfc warning
April 10, 2017 BY Valentina Kirilova

Hong Kong SFC adds Pearson Investments to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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April 10, 2017 BY Valentina Kirilova

FCA and PRA commence investigations into Jes Staley and Barclays

Barclays PLC and Barclays Bank PLC (LON:BARC) just announced that the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have commenced investigations into: Jes Staley, Group Chief Executive Officer of Barclays, as to his individual conduct and senior manager responsibilities relating to Barclays whistleblowing programme and an attempt by Mr Staley in 2016 to…

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