Prominent pastor charged in scheme to defraud elderly investors LeapRate

April 02, 2018 BY Valentina Kirilova

Prominent pastor charged in scheme to defraud elderly investors

The Securities and Exchange Commission (SEC) announced that it has charged the pastor of one of the largest Protestant churches in the country and a self-described financial planner in a scheme to defraud elderly investors by selling them interests in defunct, pre-Revolutionary Chinese bonds. The SEC's complaint alleges that, in 2013 and 2014, Kirbyjon Caldwell,…

April 02, 2018 BY Valentina Kirilova

FCA warns against Personal Loan Now clone firm

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

March 30, 2018 BY Valentina Kirilova

FCA warns against KayaFX 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 KayaFX. KayaFX is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

March 30, 2018 BY Valentina Kirilova

CSA publishes amendments related to reselling securities of foreign issuers

The Canadian Securities Administrators (CSA) has published amendments to National Instrument 45-102 Resale of Securities (NI 45-102) and changes to Companion Policy 45-102CP to National Instrument 45-102 Resale of Securities (45-102CP). We recognize that Canadian investors are increasingly interested in participating in the global capital markets,” said Louis Morisset, CSA Chair and President and CEO…

March 30, 2018 BY Valentina Kirilova

Barclays pays $2 billion to settle a civil action

The United States has reached an agreement with Barclays Capital, Inc. and several of its affiliates (together, Barclays) to settle a civil action filed in December 2016 in which the United States sought civil penalties for alleged conduct related to Barclays’ underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. Barclays will…

March 30, 2018 BY Valentina Kirilova

FINRA helps consumers to organize personal finances

Sharing sensitive information can pose potential privacy and security risks The Financial Industry Regulatory Authority (FINRA) announced that it has issued an Investor Alert to help consumers consider the risks of sharing personal financial account information and other sensitive information with data aggregators. Companies that offer financial data aggregation services put information about financial holdings…

March 30, 2018 BY Valentina Kirilova

FCA warns against Verge Finance Private Lending 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 Verge Finance Private Lending. Verge Finance Private Lending is not authorised by the FCA but has been targeting people in the UK and is also carrying…

March 29, 2018 BY Valentina Kirilova

Intercontinental Exchange releases annual Corporate Responsibility Report

Intercontinental Exchange (NYSE:ICE), operator of global exchanges and clearing houses and provider of data and listings services, has released its annual Corporate Responsibility Report. The report is a comprehensive, 59-page overview of the company’s efforts to support the communities in which it operates, invest in its people, promote principles of good governance, and uphold its…

March 29, 2018 BY Valentina Kirilova

FTSE Russell promotes Saudi Arabia to Emerging market status

FTSE Russell, the global index, data and analytics provider, informed that it has confirmed that Saudi Arabia will be promoted to Secondary Emerging market status following the March 2018 interim country classification review. FTSE Russell formally reviews country classifications within its FTSE Global Equity Index Series (FTSE GEIS) using a comprehensive, transparent and consistent methodology.…

March 29, 2018 BY Valentina Kirilova

FCA warns against All Purpose Loans clone firm

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

Category: Financial Services