Marketrip, Invest Compare and others added to FCA warning list LeapRate

May 14, 2020 BY Steffy Bogdanova

Marketrip, Invest Compare and others added to FCA warning list

Marketrip Telephone: 02038079032 Email: [email protected] Website: www.marketrip.com Invest Compare Address: Riverbank House, 1 Putney Bridge approach, Fulham, London, SW6 3BQ Website: http://investcompare.co.uk/ 1stClassFx & @investwithjulia_ Telephone: 07909875988 Email: [email protected] Website: https://1stclassfx.com Instagram: @investwithjulia_ Investorable Website: www.investorable.co.uk Oasis Trade Address: PO Box: Friedrich-Ebert-Anlage 36, Frankfurt, Hessen, 60325, Germany Telephone: +(352)-278-71595; +(61)-488-856837; +(65) -313-84080; +(41)-435-081955; +(852)-305-0033 Email:…

May 13, 2020 BY Steffy Bogdanova

European Commission announces a plan to fix flaws in AML and CTF rules

The new plan will disrupt the current model of supervision, where member state monitors the implementation of EU rules individually. During the first quarter of next year, the EC will propose setting up an EU-level supervisor fix the weaknesses in a loopholes in the current model. The EC calls for the European Banking Authority (EBA)…

May 12, 2020 BY Steffy Bogdanova

Redwood ESF, Investment Search and others added to FCA warning list

Redwood ESF (Clone of authorised firm) Address: Heron Tower, 110 Bishopsgate, London, EC2N4AY Telephone: 0203 925 2433 Email: [email protected] , [email protected] Website: www.redwoodesf.com , www.redwood-esf.com Investment Search Address: Weatherill House Business Centre ,23 Whitestone way, Croydon, CR0 4WF Email: [email protected] Website: www.investment-search.co.uk British Bonds Address: 57 Stamford Street, Bishop’s, London, SE1 9NN Telephone: 0203 582…

May 08, 2020 BY Steffy Bogdanova

Mega International Commercial Bank fined $7 million for regulatory breaches

The company also failed to ensure that that the investment advice provided to its clients was suitable to their circumstances. MICBC neglected to conduct product due diligence, identify funds which constituted derivative products and ensure relevant factors were taken into account before assigning risk ratings to funds. In its decision, SFC took into account that…

May 07, 2020 BY Steffy Bogdanova

GigaFX, The Profit Prince and others added to FCA warning list

GigaFX Telephone: +44 1223790268; +61 386447406 Email: [email protected] Website: https://gigafx.com The Profit Prince Instagram: @noahmuni Facebook: The Profit Prince (Group) Website: www.theprofitprince.com isa-search.co Address: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ Telephone: 0203 435 7865 Website: http://www.isa-search.co/ Email: [email protected] La Talento LTD /Talento Trading LTD Email: [email protected] Website: Talentotrading.com Facebook: https://www.facebook.com/Talento-Trading-100539414751952/ Instagram: https://www.instagram.com/tomaadelin /…

May 07, 2020 BY Steffy Bogdanova

Bloomberg Tradebook charged for order routing misrepresentations

From November 2010 to September 2018, around 6.4 million Tradebook customer orders were routed through these unaffiliated broker-dealers. The “Low Cost Router” practice was in contradiction to Tradebook’s marketing materials, advertising that customer orders would be routed by Tradebook’s own “advanced” technology, based on price and liquidity factors. Moreover, Tradebook provided unverifiable execution venue information…

May 06, 2020 BY Steffy Bogdanova

ESMA approves extensions of four trade repositories registrations to include SFT reporting

SFTR aims to improve the transparency of securities financing market and accordingly requires all counterparties to SFTs to report the details of any SFT they have concluded, as well as any modification or termination, to a registered trade repository (TR). The regulation also provides for the direct supervision and registration of TRs by ESMA –…

May 05, 2020 BY Steffy Bogdanova

ASIC bans Olive Financial Markets Pty Ltd director from financial services

In addition, ASIC banned former director, Scott John Morrison, from providing financial services for seven years, effective from 3 April 2020. ASIC found that Morrison is not competent to provide financial product advice. Moreover, he failed to act in the best interest of his clients and engaged in misleading or deceptive conduct. On 17 March…

May 05, 2020 BY Steffy Bogdanova

Platinum Forex Signals, Quantom Capital and others added to FCA warning list

Platinum Forex Signals Telephone: 07748195640 Website: www.platinumforexsignals.com Instagram: @george_pfx; @fx.platinum Quantom Capital a trading style of Protiviti International Limited Address: 30 St Mary Axe, London EC3A 8EP, UK; 53 B, Nikola Y. Vaptsarov Blvd., Mandarin office center, 1407 Sofia Telephone: 02039669250 Email: [email protected]; [email protected] Website: www.quantomcapital.com Wyelands Bank (clone of FCA authorised firm) Email: [email protected];…

May 05, 2020 BY Steffy Bogdanova

Whistleblower receives $2 million award from SEC

So far, the agency has awarded over $450 million to 82 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

Category: Regulation