Category: Regulation

fca warning
May 30, 2019 BY Valentina Kirilova

UK FCA issues several warnings against unauthorized companies

UK financial regulator Financial Conduct Authority (FCA) has issued several warnings against unregulated financial services providers targeting UK consumers. The FCA’s latest warnings include the companies CFD Premium, Key Markets Limited, and TurnFX / Turn FX. The FCA has once again strongly advised individuals to only deal with financial firms that are authorised by the…

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cysec
May 30, 2019 BY Valentina Kirilova

CySEC mirrors ESMA's desicion to restrict the marketing, distribution and sale of CFDs

The Cyprus regulator CySEC has just issued a consultation, mirroring ESMA’s last year restrictions on the marketing, distribution and sale of contracts for difference CFDs. LeapRate reminds that in April the Dutch AFM has also made some changes regarding the marketing, distribution or sale of Binary Options and CFDs to retail investors in and from The Netherlands. Since…

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fca warning clone firm
May 29, 2019 BY Valentina Kirilova

FCA issues some more clone firm warnings this week

Busy week for the UK Financial Conduct Authority (FCA), as it has put out details of several more clone firms yesterday. 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…

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fca warning
May 20, 2019 BY Valentina Kirilova

UK FCA issues several warnings against unauthorized companies

UK financial regulator Financial Conduct Authority (FCA) has issued several warnings against unregulated financial services providers targeting UK consumers. The FCA’s latest warning includes the companies Platinum Global Associates, Bealgo, and 10 Capital / 10-Capital. The FCA has once again strongly advised individuals to only deal with financial firms that are authorised by the regulator,…

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clone firm FCA warning
May 17, 2019 BY Valentina Kirilova

FCA warns against several clone firms

The UK Financial Conduct Authority (FCA) has put out details of several clone firms today. 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 to scam…

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clone firm FCA warning
May 14, 2019 BY Valentina Kirilova

FCA warns against Bristol and West Investments clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bristol and West Investments. 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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Regulation
May 13, 2019 BY Valentina Kirilova

ASIC: Incorrect dual authorisation of 58 AFS licensees rectified

Australian regulator ASIC announced earlier today that 58 Australian finance services (AFS) licensees have now had their authorisation revoked. The reason is that the companies were in breach of the law because they were also authorised representatives of other AFS licensees. According to section 916D of the Corporations Act 2001 (the Act), an AFS licensee…

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