The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Global Marketing Online Limited / ADS Securities. 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…
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The Cyprus Securities and Exchange Commission (CySEC) announced that, on 28th March 2017, the CIF A.A.M & Wealth Ltd renounced its authorisation pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 222/14 lapsed as from the abovementioned…
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The Securities and Exchange Commission (SEC) announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. Not only did this whistleblower step forward and report suspicious conduct, but continued to…
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The Australian Securities and Investments Commission (ASIC) is urging Australians to do a quick and free search on ASIC's MoneySmart website to see if a share of $1.1 billion of unclaimed money is theirs. There are more than a million records of unclaimed money from dormant bank accounts, life insurance, shares and other investments waiting…
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The Board of the Financial Conduct Authority (FCA) announced that has appointed an additional six members to the FCA’s Regulatory Decisions Committee (RDC). The newest members appointed to the RDC are Karen Johnston and Nick Lord. They join Stuart McIntosh, Philip Marsden, Robin Mason and Malcolm Nicholson who were appointed last year. The RDC is…
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The Securities and Exchange Commission (SEC) announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges that Kevin J. Amell carried out a fraudulent matched-trades scheme in which he prearranged the purchase…
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The U.S. Securities and Exchange Commission today charged a vice president in the risk management department of the Nomura Securities investment banking division of Nomura Holdings Inc. (ADR) (NYSE:NMR) with insider trading on confidential information he learned in advance of a private equity firm’s acquisition of a publicly-traded technology company. The SEC alleges that New…
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The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) has approved the prohibition of advertising via the website www.coinspace1.com in relation to the public offer for ‘cryptocurrency extraction packages’ promoted by Coinspace Ltd (Resolution no. 19968 of 20 April 2017). The offer had already been…
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The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force today announced the launch of a government-industry partnership to strengthen Singapore’s capabilities in the fight against money laundering and terrorism financing (ML/TF). The Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) brings together selected industry…
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The Securities and Futures Commission (SFC) welcomes the re-appointment of Mr Ashley Alder as its Chief Executive Officer for another three-year term effective from 1 October 2017. Mr Alder was first appointed as the SFC’s CEO on 1 October 2011. His current term will end on 30 September 2017. I am delighted that Ashley has…
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