Category: Regulation

fma warning
October 15, 2019 BY Valentina Kirilova

New Zealand FMA adds Safumax Group Limited to its warning list

New Zealand Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Safumax Group Limited. The regulator expressed its concern that Safumax Group Limited (SGL) is operating from a false address, and its website www.safumax.com contains misleading information that SGL is a licensed entity…

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BCSC warning
October 11, 2019 BY Valentina Kirilova

Canadian regulator BCSC warns against Omegafx firm

Canadian regulator BCSC has recently issued a warning against the company Omegafx and its website http://www.omegafx.io. The firm claims to be based in Switzerland and offers an online trading platform, however it's not registered to trade in, or advise on, securities or exchange contracts in BC. BCSC noted that it has recently become aware that…

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fca warning
October 11, 2019 BY Valentina Kirilova

FCA warns against more unauthorised companies

Busy week for the UK Financial Conduct Authority (FCA), as the regulator has put out details of some more unregulated firms yesterday. The names of the latest additions to the regulator’s warning list are Hans Herbert Bock, Customer Claims Assist, and Bristol-Mayers Securities LLC. Fraudsters are using or giving out the following details as part…

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Singapore
October 09, 2019 BY Valentina Kirilova

Singapore's MAS cuts FX leverage to 20:1

The Monetary Authority of Singapore (MAS) has announced on Tuesday that it has made the following new retail regulations: Retail investors will now have access to 20:1 leverage (previous leverage was 50:1). As stated in the announcement, exemption from the new measures are only specified holders of a licence who maintain a base capital of…

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fca warning
October 09, 2019 BY Valentina Kirilova

FCA warns against two unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of two unregulated firms yesterday. The names of the latest additions to the regulator’s warning list are GL-FX and FTCA. Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: GL-FX/ GL FX Address: 10…

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fca clone firm
October 01, 2019 BY Valentina Kirilova

UK FCA warns against several clone firms

The UK Financial Conduct Authority (FCA) has put out details of several clone firms this week. The names of the latest additions to the regulator’s warning list are EpicXOption and FinancialClaimsuk.co.uk. Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: EpicXOption (clone of an…

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cysec
September 30, 2019 BY Valentina Kirilova

CySEC withdraws AGENTRISK EUROPE LIMITED’ CIF licence

The Cyprus regulator CySEC has announced earlier today that it has decided to withdraw the CIF licence of a company named AGENTRISK EUROPE LIMITED. CySEC has withdrawn the Cyprus Investment Firm authorisation with Number 354/17 of AGENTRISK EUROPE LIMITED Ltd, due to the Company’s decision to expressly renounce it. The official announcement can be seen…

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