Category: Regulation

warning
February 21, 2020 BY Valentina Kirilova

Canadian regulator BCSC warns against Bitprimeprofx

Canadian regulator BCSC has recently issued several warnings against the company Bitprimeprofx. Bitprimeprofx purports to be based in New York and claims to offer an online trading platform via its website http://www.bitprimeprofx.com. The regulator recently became aware that Bitprimeprofx accepted funds from a British Columbia (BC) resident. However, the company is not registered to trade…

Read more
February 20, 2020 BY Steffy Bogdanova

New Zealand FMA adds three new companies to its warning list

SL Markets appeared yesterday on the New Zealand Financial Markets Authority (FMA) list of alerts and warnings. The company's website states that it uses National Cloud Service Co Limited’s financial service provider registration details. However, SL Markets is not associated with the New Zealand incorporated company National Cloud Service Co Limited.  SL Markets also claims its operations are…

Read more
fca warning
February 20, 2020 BY Steffy Bogdanova

FCA adds more companies to its warning list

UK watchdog FCA has put out the details of several 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 Invest My ISA / InvestMyISA, Little Loans Lender Ltd / Little Loans, Advisory Broker Services / Advisory Broker Trading / AB…

Read more
fca warning
February 17, 2020 BY Steffy Bogdanova

FCA updates warning list with more companies

UK watchdog FCA has put out the details of several 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 UK Claims Department, Data Financial Services Group, Country Loans, Funds-Recovery.co.uk / Fund Recovery, Cryptomarket, Info Bond Finder / Bond Finder and…

Read more
SGX
February 14, 2020 BY Steffy Bogdanova

SGX RegCo uses AI enhancements in its surveillance activities

Singapore Exchange Regulation (SGX RegCo) is making its monitoring and regulating system more effective with the use of artificial intelligence (AI) improvements. Introducing AI in regulation can help single out unusual trading activities through analysis of historical data and avoiding noise from developments between the financial markets. Thus, the regulatory agency can focus on smaller…

Read more
fca clone firm
February 13, 2020 BY Steffy Bogdanova

FCA adds more clone firms to its warning list

UK regulator FCA has put out the details of several clone firms this week. The names of the latest additions to the regulator’s warning list are the companies ATUK, Assetz Capital, Bitsmax, First Choice Finance, Goldmans Banc, Triton-Online, Cash Pug Finance and Thestepchange.com / The Step Change. According to the regulator, the fraudsters are using or giving out the following details as…

Read more
fca warning
February 13, 2020 BY Steffy Bogdanova

FCA adds more companies to its warning list

UK watchdog FCA has put out the details of several unregulated companies. The names of the latest additions to the regulator’s warning list are the companies Alliance Private Bank, Fixed Income, Croceus Limited / Croceus Invest, Immediate Edge, I Say Capital, Selected Markets/Halsted Holdings Ltd, Apus Capital and New Rich Markets Ltd. According to the regulator, the fraudsters are using or giving…

Read more
asic ban
February 13, 2020 BY Steffy Bogdanova

ASIC bans Macquarie financial adviser

Australian Securities and Investments Commission (ASIC) announced today the permanent ban of Queensland financial adviser Warren Scott Acworth from providing financial services. The investigation that led to the ban looked into Acworth’s conduct between December 2015 and May 2018 when he was working as adviser with Macquarie Equities Limited and in particular trading activities on…

Read more
cysec suspends cif licence
February 12, 2020 BY Valentina Kirilova

CySEC withdraws Evolve Private Equity Fund Ltd’s AIFLNP licence

The Cyprus regulator CySEC announced today that it has decided to withdraw the AIFLNP licence of a company named Evolve Private Equity Fund Ltd. The Cyprus explained that it has come to this decision because the company has expressly renounced its authorisation. Evolve Private Equity Fund Ltd. is dissolved and put into liquidation in accordance…

Read more