Category: Regulation

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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fma scam alert
September 05, 2019 BY Valentina Kirilova

New Zealand FMA adds Coinbrokerz to its warning list

The Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Coinbrokerz. According to the regulator, Coinbrokerz has the hallmarks of a scam, including withholding clients' funds, requesting clients to transfer additional funds before being able to withdraw investments and bank accounts that do…

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CySEC
September 04, 2019 BY Valentina Kirilova

CySEC withdraws AIFLNP authorisation of Horizon Investment Fund Ltd.

The Cyprus regulator CySEC has made a new announcement today regarding the withdrawal of Horizon Investment Fund Ltd's AIFLNP authorisation. Horizon Investment Fund Ltd's authorization is with number LPAIF07/2014. According to the regulator, the Company is dissolved and put into liquidation in accordance with the provisions of article 132 of the Law. The official announcement…

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fca warning
September 04, 2019 BY Valentina Kirilova

FCA warns against two unauthorized companies

UK financial regulator Financial Conduct Authority (FCA) has issued two more warnings this week, this time against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies: Sterling Lloyd Limited (ex EFEX Capital) Address: 11 Lucas Avenue, London, United Kingdom, E13 0QP & 40 Bank Street, 30th Floor Canary…

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fca clone firm
September 03, 2019 BY Valentina Kirilova

FCA warns against Sector Capital Funds Plc clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Sector Capital Funds Plc. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…

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sec
August 30, 2019 BY Valentina Kirilova

Whistleblower awarded more than $1.8 million

The Securities and Exchange Commission (SEC) announced that they have awarded more than $1.8 million to a whistleblower. The whisteblower alerted SEC about a misconduct committed overseas and provided extensive and ongoing cooperation during the course of the investigation, including the review of documents. The whistleblower in this matter provided stellar information and ongoing assistance…

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CySEC
August 30, 2019 BY Valentina Kirilova

CySEC withdraws CIF licence of KIT Finance Brokers Ltd

The Cyprus regulator CySEC has made a new announcement yesterday regarding the withdrawal of KIT Finance Brokers Ltd's CIF authorisation. KIT Finance Brokers Ltd's CIF authorisation number is 365-18 and, according to the regulator, the company has decided to expressly renounce it earlier this week. This announcement has been officially made on 28 August 2019…

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fma warning
August 30, 2019 BY Valentina Kirilova

New Zealand FMA adds two more companies to its warning list

The Financial Markets Authority (FMA) has recently added two more names to its list of unregulated firms. The latest additions are the company Yifu International Futures Co Ltd and the website www.rncapitalalliance.com. According to the regulator, Yifu International Futures is not registered on the New Zealand Financial Service Providers (FSPR) register nor is it associated…

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