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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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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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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The UK watchdog FCA has issued some more warnings against unauthorised companies this week. The names of the latest additions to the regulator’s warning list are the companies Concept Loans, Kodimax, Traders Watch, Omega Crypto, as well as the clone firms Tradition-Finance, Avibonds, and Cashute Ltd. According to the regulator, the fraudsters are using or…
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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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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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The UK Financial Conduct Authority (FCA) just added to its warning list the clone firm Tenaron Capital Management UK. Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Tenaron Capital Management UK (clone of FCA authorised firm) Telephone: +44 20 3475 0324 Email: [email protected]…
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The UK watchdog FCA has issued some more warnings against unauthorised companies this week. The names of the latest additions to the regulator’s warning list are A.B. Capitals and the clone firm Rabo Olsen Global. According to the regulator, the fraudsters are using or giving out the following details as part of their tactics to scam people…
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New Zealand Financial Markets Authority (FMA) has recently added several more names to its list of unregulated firms and suspected scams. The latest additions are the companies Tower Hill Limited, GG Trade International Ltd, Boulder Wealth GG Trade and Jinshi Global Financial Group. The regulator recommends exercising caution before dealing with these companies as it…
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The UK watchdog FCA has issued some more warnings against unauthorised companies this week. The names of the latest additions to the regulator’s warning list are Compare ISA deals, Porter Todd Law, Noble Grossart Bank, Kurt Barremaecker. According to the regulator, the fraudsters are using or giving out the following details as part of their…
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