Category: Regulation

fca warning
September 26, 2019 BY Valentina Kirilova

UK FCA warns against several clone firms

The UK Financial Conduct Authority (FCA) has put out details of several more clone firms this week. The names of the latest additions to the regulator’s warning list are Capital Trade Fair, Perterra Funds PLC, Nautilus Indemnity, Midpoint Exchange, Magna Umbrella Fund PLC, and Best Bonds & Savings. Fraudsters are using or giving out the…

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cysec cif licence suspension
September 26, 2019 BY Valentina Kirilova

CySEC warns against binomo.com website

Active week for CySEC... the regulator has just made another announcement on its official website, this time regarding the website binomo.com. According to the Cyprus watchdog, the above-mentioned website does not belong to any authorized entity in the area. The regulator has once again urged investors to first consult its official website, before conducting any…

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cysec license suspended
September 25, 2019 BY Valentina Kirilova

CySEC withdraws MPS Marketplace Securities Ltd' CIF licence

The Cyprus regulator CySEC has announced yesterday that it has decided to withdraw the CIF licence of a company named MPS Marketplace Securities Ltd. The licence is suspended in whole as there are suspicions of an alleged violation of section 10 of the Law and the section 93(1) of the Regulation. According to the regulator,…

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Hong Kong SFC
September 24, 2019 BY Valentina Kirilova

Hong Kong SFC bans a former vice president of BOCOM for life

The Hong Kong Securities and Futures Commission (SFC) announced today that it has banned Ye Feng from re-entering the industry for life following his conviction for bribery. Ye Feng, a former vice president of the Bank of Communications Co., Ltd. (BOCOM), is responsible for handling securities transactions for BOCOM’s clients at the material time, guilty…

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fca warning
September 23, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unauthorised companies as well as some clone firms. The names of the latest additions to the regulator's warning list are Perfect Lends, First BTC FX, Stretchy Finance UK Ltd, We Claim 4U Limited, Williams Carter & Associates LLC, Delmer Consulting Group. Fraudsters are…

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CySEC
September 19, 2019 BY Valentina Kirilova

CySEC withdraws AIFLNP authorisations of Quantelion Fund Ltd and MESSINA FUND VCIC LTD

The Cyprus regulator CySEC has made a new announcement today regarding the withdrawal of the AIFLNP authorisation of two companies. The latest additions to CySEC's list are Quantelion Fund Ltd and MESSINA FUND VCIC LTD. Quantelion Fund Ltd’s authorization is with number LPAIF88/2014 and MESSINA FUND VCIC LTD's authorization is with number LPAIF66/2014. According to…

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fma warning
September 13, 2019 BY Valentina Kirilova

New Zealand FMA adds Ashwood Holdings 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 Ashwood Holdings Limited. According to the regulator, Ashwood Holding Limited and www.ashwoodholdingsltd.com could be involved in a scam which is associated with Grace Investment, Regal Investment, and Duke Valentines Limited. It is…

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asic afs license
September 11, 2019 BY Valentina Kirilova

Financial Options' AFS licence suspended until February 2020

Australian regulator announced earlier this week that it has suspended the Australian financial services (AFS) licence of Queensland-based financial services provider Financial Options Pty Ltd. The licence is suspended until 26 February 2020. According to the regulator, Financial Options was not meeting its obligations as an AFS licensee. The company has failed to have a dispute…

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