Category: Regulation

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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regulations
August 27, 2019 BY Valentina Kirilova

ESMA does not surprise with the positive opinion on Slovenia's CFD restrictions

The European regulator ESMA has earlier today issued its positive opinion on product intervention measures taken by Slovenia and its National Competent Authority (NCA). According to the EU watchdog, the proposed measures are justified and proportionate. NCA needs to take product intervention measures that are at least as stringent as ESMA’s measures. However, Slovenia’s Securities…

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sfc warning
August 27, 2019 BY Valentina Kirilova

GEM-listed Ching Lee Holdings Limited shares manipulated

The Hong Kong Securities and Futures Commission (SFC) has commenced proceedings against a group of local and overseas investors suspected of manipulating the shares of GEM-listed Ching Lee Holdings Limited (Ching Lee) through a large scale and highly organised manipulative scheme. The proceedings were initiated on 11 July 2019 when the SFC applied for urgent…

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Australia cfh office
August 22, 2019 BY Valentina Kirilova

ASIC to completely ban binary options and restrict CFDs sale

Australian regulator ASIC have once again expressed their concern regarding consumers who trade binary options. According to the regulator, consumers continue to suffer significant harm from trading these products, despite the regulatory measures taken so far. The main notable points in ASIC's latest consultation paper are: Leverage restrictions of maximum 1:20 Imposed margin closeout level…

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fca warning
August 21, 2019 BY Valentina Kirilova

FCA warns against three unauthorized companies

UK financial regulator Financial Conduct Authority (FCA) has issued three more warnings this week, this time against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies: Breckland Trading Highsmith Capital Partners Rendex Trading The companies are not authorized by the FCA but have been targeting people in the…

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regulations
August 20, 2019 BY Valentina Kirilova

MFSA restricts the sale of CFDs for retail clients

The Malta Financial Services Authority (MFSA) informed today that it has updated the Conduct of Business Rulebook, announcing permanent restrictions regarding the marketing, distribution or sale of Contracts for Differences (CFDs) to retail investors. During the last years, the European market has witnessed a rapid increase in the marketing, distribution or sale of CFDs to…

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fca warning
August 20, 2019 BY Valentina Kirilova

UK FCA continues with the unauthorised firms warnings

The UK Financial Conduct Authority (FCA) has put out details of several more unauthorised firms this week. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people in the UK that they work for a genuine, authorised firm. Their details can be seen below, keep in mind that the…

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