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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ASIC just announced that has released new Regulatory Guide 258 Registered liquidators: Registration, disciplinary actions and insurance requirements. RG 258 explains: how to apply for registration as a liquidator, including the requirements a person must meet to become a registered liquidator; the renewal of registration process; the disciplinary and other actions that a registered liquidator…
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The Securities and Futures Commission (SFC) today launched a consultation on proposed amendments to the Securities and Futures (Professional Investor) Rules (PI Rules) to allow joint accounts with non-associates and assets held in investment vehicles owned by individuals to be counted in ascertaining whether individuals meet the monetary threshold to qualify as professional investors. In…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loan2Pocket. 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 scam…
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ASIC noted the decision by ASX-listed Pacific Star Network Limited (PNW), announced on 28 February, to record an impairment charge of $4.5 million on publishing mastheads and goodwill arising from the acquisition of Morrison Media. ASIC had previously made enquiries of PNW regarding the carrying value of non-current assets in its 30 June 2016 financial…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Blackfriars Asset Management. 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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The Payment Systems Regulator (PSR), the economic regulator for the £75 trillion UK payment systems industry, has today published draft Terms of Reference outlining how it intends to review whether the operators of CHAPS and Faster Payments Scheme (FPS), need to play an expanded role in helping to minimise consumer harm caused by particular types…
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Financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) just published a warning against GMoption, LinkGM Limited and BT Systems Ltd. These companies are not authorised to provide investment services or carry out activities in Italy in any way and, including through the website www.gmoption.com. The Commissione Nazionale per le Società e…
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The Canadian Securities Administrators (CSA) released its 2016 Enforcement Report. The ninth annual report highlights actions taken across Canada to deter and sanction wrongdoing in the capital markets. In 2016, CSA members continued with efforts to deter and sanction financial wrongdoing, with two jurisdictions implementing whistleblower programs, and a third partnering with law enforcement,” said…
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NEX Group plc (LON:NXG) announced that on 21 February 2017 the United States District Court in the Southern District of New York dismissed two entities which formed part of the ICAP Group (ICAP plc and ICAP Europe Limited) from a class action case brought by various investors who alleged manipulation of the Euro Interbank Offered…
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