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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On 2 May 2017 the Administrative Appeals Tribunal (AAT) upheld ASIC's decision that Mr Michael Roger O’Sullivan of Sydney be disqualified from managing corporations for five years and from providing financial services for seven years. The AAT qualified the five-year disqualification decision by permitting Mr O'Sullivan to remain as a director of three private companies,…
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The Securities and Exchange Commission (SEC) announced that a company insider has earned a whistleblower award of more than $500,000 for reporting information that prompted an SEC investigation into well-hidden misconduct that resulted in an SEC enforcement action. This company employee saw something wrong and did the right thing by reporting what turned out to…
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ASIC has welcomed and strongly endorsed today's announcement of the second stage of the ground breaking research project 'Whistle While They Work', which will lead to a strong information base to assist considerations of whistleblowing practices. The 'Strength of Whistleblowing Processes' report, undertaken by a multi-university team led by Griffith University's Professor AJ Brown, and…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Stratton FX. 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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ASIC urged the public to be wary of cold callers claiming that their investment proceeds have been stopped by ASIC and are being held for them in a trust. These calls are being made by individuals based overseas and are scams. ASIC warns anyone who receives unexpected contact in this way or a similar manner…
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The Cyprus Securities and Exchange Commission (CySEC) announced that, on 30th January 2017, the Company Providing Administrative Services Vayronus Enterprises Ltd, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Therefore, the Company’s authorization with Νumber 150/196, which was…
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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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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 Williams & Chase Associates. Williams & Chase Associates is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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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…
Read more