Category: Regulation

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
May 05, 2017 BY Valentina Kirilova

SEC staff supplements quarterly private funds statistics

The U.S. Securities and Exchange Commission (SEC) staff published a suite of new data and analyses of private fund statistics and trends. The Private Funds Statistics, released quarterly since October 2015 by the Division of Investment Management’s Risk and Examinations Office, offers investors and other market participants valuable insights by aggregating data reported by private…

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clone firm FCA warning
May 05, 2017 BY Valentina Kirilova

FCA warns against Markus Spielmann Inc clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Markus Spielmann Inc. 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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fca warning
May 05, 2017 BY Valentina Kirilova

FCA warns against BBS Consulting / Best Broker Service 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 BBS Consulting / Best Broker Service. BBS Consulting / Best Broker Service is not authorised by the FCA but has been targeting people in the UK…

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clone firm FCA warning
May 05, 2017 BY Valentina Kirilova

FCA warns against JW Global clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm JW Global. 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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May 05, 2017 BY Valentina Kirilova

Jay Clayton sworn in as Chairman of SEC

Jay Clayton was sworn into office by U.S. Supreme Court Justice Anthony M. Kennedy as the 32nd Chairman of the Securities and Exchange Commission It is a tremendous honor to lead the SEC and to be sworn in by Justice Kennedy, whom I greatly admire," said Chairman Clayton. "The work of the SEC is fundamental…

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May 05, 2017 BY Valentina Kirilova

New Zealand’s FMA warns against unregistered broker Mrtmarkets

The FMA noted a recent warning by the Australian Securities and Investment Commission (ASIC) against conducting business with Mrtmarkets. FMA warned that Mrtmarkets are not registered to provide financial services to New Zealanders. FMA has received a complaint about Mrtmarkets, not to mention that several other authorities have already published warnings about Mrtmarkets.com: Autorité des…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
May 04, 2017 BY Valentina Kirilova

CFTC charges Williams Advisory Group with receiving at least $13 million in commodity pool scheme

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement action in the U.S. District Court for the District of Arizona against Cory Williams of Gilbert, Arizona, and his company, Williams Advisory Group (WAG) (collectively, Defendants), charging them with defrauding 40 investors out of at least $13 million in connection…

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sfc warning
May 04, 2017 BY Valentina Kirilova

Hong Kong SFC adds ENOI Europe Limited 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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