Category: Regulation

fma warning
January 29, 2020 BY Valentina Kirilova

New Zealand FMA adds Selected Markets to its warning list

New Zealand Financial Markets Authority (FMA) has yesterday added one more names to its list of unregulated firms and suspected scams. The latest addition is the company Halsted Holdings Limited. Halsted Holdings Limited's trading name is Selected Markets. The company is operating via the website www.selectedmarkets.com. According to the regulator, Selected Markets could be involved…

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fca warning
January 24, 2020 BY Valentina Kirilova

FCA continues adding unauthorised companies to its warning list

It's been quite a busy week for the UK watchdog FCA. The regulator has put out the details of some more unauthorised companies today. The names of the latest additions to the regulator’s warning list are the companies Instant Bond Compare, as well as the clone firms IPO-FX and WVH Ethical. According to the regulator, the fraudsters are…

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ASIC suspends AFS license
January 24, 2020 BY Steffy Bogdanova

ASIC suspends AFS licenses of several financial services providers

The Australian Securities & Investments Commission (ASIC) announced yesterday the suspension of the Australian financial services (AFS) licenses of financial services providers Theta Asset Management, Valuestream Investment Management and Global Merces Funds Management. Theta Asset Management Ltd and Valuestream Investment Management Ltd’s licenses have been suspended until 21 July 2020 because two entities are under…

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Whistleblower
January 24, 2020 BY Steffy Bogdanova

Whistleblowers awarded after helping stop fraud

The Securities and Exchange Commission (SEC) announced yesterday that two whistleblowers were awarded for providing timely and crucial information in two separate cases of fraud. Both whistleblowers assisted SEC in stopping fraudulent schemes exploiting retail investors. The first whistleblower alerted SEC of fraudulent actions and the agency awarded them with more than $277,000 for his…

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cysec cif license
January 22, 2020 BY Valentina Kirilova

CySEC withdraws Stocks Forex Ltd’s CIF licence

The Cyprus regulator CySEC announced today that it has decided to withdraw the CIF licence of a company named Stocks Forex Ltd. The authorisation number 283/15 is suspended in whole, due to the following reasons: the company's own funds and initial capital were below the minimum allowed, the company did not submit its capital adequacy…

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bscs warning
January 22, 2020 BY Valentina Kirilova

Canadian regulator BCSC warns against MegaCoinFX and Tradewell

Canadian regulator BCSC has recently issued several warnings against the companies MegaCoinFX and the website Tradewell.io. According to the watch dog, MegaCoinFX offers an online trading platform and appears to be based outside of Canada. The firm operates via its website http://www.megacoinfx.com. However, the company is not registered to trade in, or advise on, securities…

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