The Hong Kong Securities and Futures Commission (SFC) announced today that it has banned Mr Samuel Lee Kwok Tung from re-entering the industry for eight months ending 16 April 2020. Tung is a former account executive of DBS Vickers (Hong Kong) Limited (DBSVHK) and, according to the regulator, has falsely stated that he was the…
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The Financial Markets Authority (FMA) has recently added a new name to its list of unregulated firms. The latest addition is the company Trinity Investments Limited. According to the FMA, the company could be involved in a scam. The regulator has received a complaint from a New Zealand resident who has invested with Trinity Investments…
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Belize financial regulator IFSC has just issued a Warning Notice regarding a company called Gann Markets Corp. The new entity is a Belize Company incorporated under the International Business Companies Act (IBC), Chapter 270 of the Laws of Belize. According to the regulator, Gann Markets Corp. is NOT authorised to hold itself out as providing…
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UK financial regulator Financial Conduct Authority (FCA) has issued some more warnings this week, this time against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies Citi Finances, Mango Capital, and Smart Loans. The companies are not authorized by the FCA but have been targeting people in the…
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The UK Financial Conduct Authority (FCA) has put out details of several clone firms today. The names of the clone companies are Retirement Planning and Global Reclaim. 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…
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The Dutch Authority for the Financial Markets (AFM) announced earlier today that it has signed a Memorandum of Understanding on Mutual Recognition of Funds (MoU) with the Hong Kong Securities and Futures Commission (SFC). Dutch Undertakings for Collective Investment in Transferable Securities (UCITS) and Hong Kong Collective Investment Schemes (CIS) will now be available for…
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The Financial Markets Authority (FMA) has recently added a new name to its list of unregulated firms. The latest addition is the company JJ Lloyd. According to the regulator, the firm may be involved in a scam and is not registered on the New Zealand Financial Service Providers Register. The Hong Kong and Austrian regulators…
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Belize financial regulator IFSC has just issued a Warning Notice regarding a company called OptimaFX Global Investment LTD. The new entity is not licensed under the IFSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Profit Trading Ltd. 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 tactics…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Thomas and Ward Advisors LLC. Thomas and Ward Advisors LLC is not authorised by the FCA but has been targeting people in the UK and is…
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