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 Access Loan. Access Loan is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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STOXX Ltd., the operator of Deutsche Börse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the iSTOXX® FactSet Automation & Robotics Index to BlackRock. The asset manager is launching an ETF today, which is listed in Tokyo. The index is comprised of companies from selected countries exposed to…
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The Securities and Exchange Commission (SEC) has announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. (AMO) for allegedly tipping information about his company's acquisition to his close personal friend, former professional baseball player Douglas V. DeCinces.…
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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 Harper Wealth Management. Harper Wealth Management is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Cyprus Securities and Exchange Commission (CySEC) has just informed investors that it has suspended Fenix Capital Markets Trading's CIF license. The complete text of the regulator’s decision can be seen below: Announcement date: 14.11.2018 CySEC Decision date: 14.11.2018 Regarding: Fenix Capital Markets Trading Ltd Legislation: The Investment Services and Activities and Regulated Markets Law…
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The Gibraltar Stock Exchange (GSX) has today announced a joint venture with the Hong Kong publicly listed company Chong Sing Fintech Holdings Limited and blockchain development company Prime Fintech Co. Ltd. to establish the group Hashstacs Inc.. This joint venture represents a major step forward in realising the GSX vision to build a trusted global…
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The Cyprus Securities and Exchange Commission (CySEC) has just informed investors about the withdrawal of Qino Management Advisory Ltd.'s CIF authorisation. The complete text of the regulator’s decision can be seen below: Announcement date: 14.11.2018 CySEC Decision date: 05.11.2018 Regarding: Qino Management Advisory Ltd Legislation: The Investment Services and Activities and Regulated Markets Law Subject: Withdrawal…
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The Financial Conduct Authority (FCA) has announced that it has banned Darren Lee Newton from working in the financial services sector. The FCA discovered Mr Newton used customers’ money for the purchase of the debt management firm, First Step Finance Limited. This showed a serious lack of honesty and integrity. The FCA has decided that…
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The Monetary Authority of Singapore (MAS) has released a consultation paper on the creation of pre-defined sandboxes, known as Sandbox Express, to complement the existing FinTech Regulatory Sandbox that was launched in 2016. The aim is to enable firms which intend to conduct regulated activities to embark on experiments more quickly, without needing to go…
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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 C. Letlid Loan and Finance Ltd. C. Letlid Loan and Finance Ltd is not authorised by the FCA but has been targeting people in the UK…
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