The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Great Britain loans PVT loan Limited. 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…
Read moreThe public disclosure of net short positions in EU shares influences investors’ behaviour, a recent study by the European Securities and Markets Authority (ESMA) finds ESMA shared that its latest Trends, Risks, Vulnerabilities (TRV) Report No. 1, 2018 analysed net short positions reported under the Short-Selling Regulation (SSR). The SSR data shows that there were 210,341…
Read moreThe Hong Kong Securities and Futures Commission (SFC) has announced that it has reprimanded and fined Instinet Pacific Limited (IPL) $17.3 million after resolving concerns over IPL’s breaches of the Code of Conduct in relation to its electronic and algorithmic trading systems and alternative liquidity pool (ALP). In November 2016, the SFC and IPL jointly…
Read moreUK 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 Swiss Privilege. Swiss Privilege is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read moreThe Commodity Futures Trading Commission (CFTC) announced that it has filed a civil enforcement action in the U.S. District Court for the Eastern District of Virginia against Defendants The Kane Capital Investment Group, LLC (Kane Capital), a commodity pool organized in Virginia, and its principal, Amrit Jaswant Singh Chahal (Chahal) of Fairfax, Virginia. The CFTC…
Read moreThe Securities and Exchange Commission (SEC) has announced a whistleblower award of more than $2.1 million to a former company insider whose information led to multiple successful enforcement actions. The whistleblower’s information strongly supported the findings in the underlying actions and the whistleblower provided ongoing assistance to the staff during the investigation. The SEC has…
Read morePan-Europe financial regulator The European Securities and Markets Authority (ESMA) has announced that it has been informed of an individual operating under the name “Edward Stewart”, using ESMA’s identity and logo. This individual is presenting himself as an employee of ESMA conducting investigations in order to steal personal data and convince the potential victims to transfer…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) announced that it has filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Kevin P. Whylie of Mamaroneck, New York; Matthew James Zecchini of East Islip, New York; and Algointeractive Inc, a New York corporation owned and controlled by Whylie and Zecchini.…
Read moreThe Board of the Cyprus Securities and Exchange Commission (CySEC) has informed the public that, at its meetings held on 25th September 2017 and 11th December 2017, decided to impose the following administrative fines for violations of the Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law of 2007, as amended (‘the…
Read moreTMX Group (TSX:X) has announced it has completed the sale of its entire 24.2% shareholding in FTSE TMX Global Debt Capital Markets Limited to FTSE International Limited. TMX Group's decision to enter into this transaction was made within the scope of the company's strategy to focus resources on growing core data and analytics businesses. Terms…
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