The UK Financial Conduct Authority (FCA) has started the week by putting out details of several unauthorized firms. These companies are using the details of FCA authorised firms, trying to convince people that they work for a genuine, authorised firm. The following details have been given as part of scam tactics: Fidelity International (clone of…
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Germany's supervisor Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin has informed that the restrictions on the marketing, distribution and sale of financial contracts for difference (CFDs) to retail clients in Germany will continue to apply in future. BaFin first announced its decision back in May 2017, addressing the considerable investor protection concerns. Plus500 Ltd (LON:PLUS), IG Group…
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The New Zealand Financial Markets Authority (FMA) has informed the public that it has issued a Stop Order against Syndicated Trusts Limited (STL), ordering the company to stop advertising or accepting money for financial products. A Stop Order can be used by the regulator in order to stop particular behaviour or force a market participant…
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The UK Financial Conduct Authority (FCA) has put out details of several unauthorized firms this week - James and Jenkins Consulting Group, UK Financial Management Ltd, as well as the clone firm G10 Capital Limited. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for…
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The Cyprus regulator (CySEC) announced that it has decided to suspend the Cyprus Investment Firm (CIF) authorisation of the company AFX Capital Markets Ltd. The above decision was reached as the aforementioned alleged violation causes concern and risk relating to the protection of the Company’s clients or of the investors and constitutes a threat to…
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It’s been quite a busy week for the UK Financial Conduct Authority (FCA), as it has already put out the details of four clone firms. The newest warning is from today and against the clone company Ralf Werner Tait Capital. Fraudsters are using the details of firms, authorised by the FCA, to try to convince…
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Australian regulator ASIC has announced yesterday that it has cancelled the Australian financial services (AFS) licence of Melbourne based financial services provider, Golden Financial Group Pty Ltd. The cancellation follows a period of suspension from 18 March 2019. The regulator has already shared its concern that Golden Financial was not complying with its general licensee…
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The Financial Markets Authority (FMA) has recently added few more companies to its list of unregulated firms. The newest addition is the website www.fuerfx.com. www.fuerfx.com Email: [email protected] According to the regulator, the reason for this warning is that www.fuerfx.com may be operating a scam. The website www.fuerfx.com is not associated with nor authorised by the…
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It's been quite a busy week for the UK Financial Conduct Authority (FCA), as it has put out details of two more clone firms today. The newest clone names are Globality Wealth and The Money Supermarket. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work…
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Mauritius financial regulator the Financial Services Commission (FSC) has announced that an entity in the name of Blackcore Ltd is operating an online trading platform via the website https://blackcorerb.com/ and is claiming to be purportedly registered in Mauritius with licence number BL 713685. It is also noted from another website (https://invertirenacciones.net/black-core-en-panama-unbroker-confiable/) that Blackcore Ltd is…
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