BOCI Securities Limited reprimanded and fined HK$10 million by the SFC LeapRate

March 19, 2019 BY Valentina Kirilova

BOCI Securities Limited reprimanded and fined HK$10 million by the SFC

Hong Kong’s Securities and Futures Commission (SFC) today issued an official reprimand of BOCI Securities Limited (BSL) and fined the company HK$10 million due to its internal controls and systems failures in the selling of its investment products. The disciplinary measures issued by the SFC followed an official investigation where it was discovered that BSL…

March 18, 2019 BY Valentina Kirilova

FCA warns against Schurz Helmut clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Schurz Helmut. 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…

March 18, 2019 BY Valentina Kirilova

FCA warns against Waterfield Consulting Group

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 Waterfield Consulting Group. Waterfield Consulting Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

March 18, 2019 BY Valentina Kirilova

FCA warns against Financial Exchange clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Financial Exchange. 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…

March 18, 2019 BY Valentina Kirilova

French AMF issues public warning against fraudulent website

The Autorité des marchés financiers (AMF) has issued a public warning against the activities of this website, www.porto-immo.com. The French regulator has warned the public about the activities of PORTO IMMO SCPI Company and its website listed above, as the two entities are inviting French citizens to invest in their reals estate investment firm (SCPI)…

March 18, 2019 BY Valentina Kirilova

FCA warns against PT Banc firm

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 PT Banc. PT Banc is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

March 15, 2019 BY Valentina Kirilova

Volkswagen and former CEO charged with defrauding U.S. investors

The U.S. Securities and Exchange Commission (SEC) yesterday opened charges against Volkswagen AG, Martin Winterkorn, its former CEO, and two of its subsidiaries for scamming U.S. investors by issuing corporate bonds and fixed income securities that raised billions of dollars through misleading statements about the company's "clean diesel" fleet of cars and their environmental impact.…

March 14, 2019 BY Valentina Kirilova

French AMF warns against a website fraudulently using Parel SA's name

The Autorité des marchés (AMF) has just issued a warning to the public regarding the activities of the website www.parel-gestion.net. The website is proposing investments without autorisation and making fraudulent use of the name of Parel SA. The website www.parel-gestion.net suggests that individual investors invest especially in precious metals. However, this proposal, that involves intermediation…

March 14, 2019 BY Valentina Kirilova

FCA warns against Secure Life clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Secure Life. 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…

March 14, 2019 BY Valentina Kirilova

FCA warns against Safe Regulated Investments/ RS Investments

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 Safe Regulated Investments/ RS Investments. Safe Regulated Investments/ RS Investments is not authorised by the FCA but has been targeting people in the UK and is…

Category: Financial Services