Australian regulator ASIC has just announced that it has permanently banned Mr Craig James Wilson from providing financial services and engaging in credit activities, after he was convicted by the District Court of Western Australia for four counts of stealing. Between 25 October 2017 and 23 January 2018, four of Mr Wilson’s clients received payments…
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Starting from the end of the first quarter of 2020, European money market funds will have to disclose certain information under the Money Market Fund Regulation (MMFR) to their National Competent Authorities (NCAs). To facilitate funds’ regulatory disclosure, the European Securities and Markets Authority (ESMA) has opened today a public consultation on draft guidelines providing…
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The Financial Markets Authority (FMA) has just issued a warning against a scam company called CCM Clearing Limited. CCM Clearing Limited Associated entities/individuals: Rocket Consultant Group; World Advisory Group Address: CCM Clearing Limited: San Stefano Street, 23A Sophia, Bulgaria Rocket Consultant Group: Bahnnhofstr. 100 4. Etage, 8001 Zurich, Switzerland Torres De Las Americas Panama City,…
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Following a number of reports regarding the entity ECI Luxembourg and the website www.eci-luxembourg, the Autorité des marchés financiers (AMF) has just issued a public warning. ECI Luxembourg and the website www.eci-luxembourg are not authorized by the AMF ACPR to provide investment services. Lastly, the AMF has reminded investors and individuals to follow these safety…
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The Financial Markets Authority (FMA) has just issued a warning against a scam company called Oxford Finance Services. Oxford Finance Services Address: 330 Glen Osmond Road, Myrtle Bank SA 5064, Australia Website: www.oxfordfinanceservices.com Phone: +61 8 71303043 Email: [email protected] ; [email protected] Reason for warning: It could be involved in a scam. It is not associated…
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Australian regulator ASIC has informed that it has cancelled the Australian financial services (AFS) license of the retail OTC derivative issuer, AGM Markets. An ASIC investigation found AGM’s financial services business involved core elements of unconscionability and unmanaged conflicts of interest and followed a business model that disregarded key conduct requirements. Specifically, the AFS licence…
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The Financial Markets Authority (FMA) has just issued a warning against a scam company called 365 Markets. 365 Markets Associated entities/individuals: Trustnet Limited (Company) 2018 Trading name: 365Markets Website: www.365markets.com, www.premium.365markets.com Reason for warning: The regulator recommends exercising caution before dealing with 365 Markets. 365 Markets is not registered as a financial service provider in…
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The Financial Conduct Authority (FCA) has today issued final guidance that clarifies its expectations about the handling of certain regular premium payment protection insurance (PPI) complaints. The FCA is also proposing new rules requiring firms to write to around 150,000 consumers who had previously complained unsuccessfully to tell them they can make a new complaint and remind them…
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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 Fin-TechPrime. Fin-TechPrime is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
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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 Reg Investment Bank. Reg Investment Bank is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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