New companies and clone firms added to FCA warning list LeapRate

March 20, 2020 BY Steffy Bogdanova

New companies and clone firms added to FCA warning list

CCX Markets/ Online Media Solutions LTD Address: 3 Cavendish Row, Dublin 1 D01A2T5, Ireland and Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown, St. Vincent and Grenadines Telephone: +442038077885 Email: [email protected] and [email protected] Website: https://www.ccxmarkets.com Trafalgar Group (clone of UK registered public company) Telephone: 08708200071; 0845528061; 07469889888; +13232757293; +79670963187; +74996851810 Email: [email protected]; [email protected]…

March 20, 2020 BY Steffy Bogdanova

ASIC suspends Longhou Capital Markets Pty Ltd's AFS licence

Until 13 March, Longhou has 18 representatives with authorization, providing financial services on the company's behalf. The suspension of Longhou 's AFS licence means that the representatives must immediately cease providing financial services Read More: ASIC releases new regulation for foreign financial services providers ASIC takes steps to ensure stability of Australian equity market ASIC cancels RVM Capital’s…

March 20, 2020 BY Steffy Bogdanova

EU financial regulators protect the market by banning short selling

On Wednesday, the Financial Services and Markets Authority (FSMA) of Belgium announced a ban on entering into a short sale. It might constitute or increase a net short position on stocks admitted to trading to Belgian trading venues. The short sale prohibition includes: “any transaction which creates, or relates to, a financial instrument and where…

March 19, 2020 BY Steffy Bogdanova

MAS imposes a $400,000 penalty on TMF Trustees Singapore Limited for AML/CFT Failures

MAS’ investigation found that between June 2011 and April 2018 TTSL had failed to follow MAS’s requirements on AML/CFT regulation. Firstly, TTSL failed to verify source of wealth trust settlers who posed a higher risk of money laundering and terrorism financing. The company also failed to regularly monitor or scrutinize the transactions of trust relevant…

March 19, 2020 BY Steffy Bogdanova

Canadian regulator BCSC warns against MetaProTrader

The regulator has become aware that MetaProTrader has accepted funds from a British Columbia (BC) resident. However, MetaProTrader is not authorized to trade in, or advise on, securities or exchange contracts in BC. BCSC urges BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC. Read more…

March 19, 2020 BY Steffy Bogdanova

Luxembourg regulator CSSF warns against Golding Capital Partners GMBH

The website imitates the management company Golding Capital Partners (Luxembourg) S.à r.l., an authorized company by the CSSF. However, the website has not relation to the company. The official warning can be seen here. Find more warnings from CSSF: Luxembourg regulator CSSF warns against Alysa Group Luxembourg regulator CSSF warns against SAP one

March 18, 2020 BY Valentina Kirilova

FCA adds two more unregulated companies to its warning list

Berwick Asset Management Address: Badenerstrasse 313, 8003, Zurich, Switzerland Telephone: 02038080415, 02038080428 Email: [email protected] Website: www.berwickassetmanagement.com Flairfinance Asset Management (clone of Appointed Representative firm) Address: 11 Brookbridge Court, 1189 Melton Road, Syston, Leicester, LE7 2JT; 5 Brookbridge Court, 1189 Melton Road, Syston, Leicester, LE7 2JT Telephone: 0753 718 5457, 07384 964457 Email: [email protected] Website: www.flairfinance.com,…

March 18, 2020 BY Valentina Kirilova

Daily market commentary: Volatility remains the dominant scenario on markets, including gold

GOLD Volatility remains the dominant scenario on markets with gold proving no exception. The price jumped to $1,550, before collapsing again below $1,500. In this phase, we are seeing a positive (direct) correlation between stock markets and gold, which should not be a big surprise as every time there is a market sharp fall, many traders…

March 17, 2020 BY Valentina Kirilova

FCA updates its warning list with more companies and clone firms

UK watchdog FCA has put out the details of several new unregulated companies, as well as few clone firms this week. The names of the latest additions to the regulator’s warning list are the companies Ignis Markets, Standard Bit Options, Carter FS, My Safe Market, Credit Union Fund, Walker Bryan, Bitcoin Evolution, STS Royals, and…

March 17, 2020 BY Valentina Kirilova

CySEC suspends CIF licence of M.G.T.M. Financial Services Ltd

The Cyprus Securities and Exchange Commission (CYSEC) announced yesterday the suspension of Cyprus Investment Firm (CIF) authorisation of the company M.G.T.M. Financial Services Ltd. The regulator suspended CIF licence 270/15 of M.G.T.M. Financial Services Ltd, due to the company’s decision to expressly renounce it. The complete announcement can be seen here. Read more recent regulation…

Category: Regulation