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 firm Home Owner Loans Online. Home Owner Loans Online is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read more
Moscow Exchange (MOEX) has announced its financial results in accordance with International Financial Reporting Standards (IFRS) for Q3 2017. KEY FINANCIAL HIGHLIGHTS FOR Q3 2017 All-time high fee and commission income for the quarter of RUB 5.46 bln, up 14.9% YoY. Share of fees and commissions in operating income increased to 57%, up from 44.0%…
Read more
London Stock Exchange Group (LSEG) announced that it has today welcomed 20 new UK companies to its unique business support and capital raising programme, ELITE. This brings the total number of UK companies in the ELITE community to over 120, which includes companies such as online investment management service provider, Nutmeg, British furniture brand, Swoon…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bokan Capital. 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…
Read more
ASIC just informed that it has banned Sergio Nicolo Belardo, a Perth-based former financial adviser with BBY Ltd (BBY), from providing financial services for ten years. Mr Belardo was an Authorised Representative of BBY from September 2013 to May 2015 and in that role provided advice and dealing services to BBY retail clients in relation…
Read more
The Financial Conduct Authority (FCA) has today launched a market study to assess how competition is working in the wholesale insurance broker sector. The FCA wants to ensure that the sector is working well, and fosters innovation and competition in the interests of its diverse range of clients. The London insurance market is one of…
Read more
US Department of Justice informed that charges were unsealed today against two former executives of Rolls-Royce plc (LON:RR) and its subsidiaries (Rolls-Royce), a former Rolls-Royce employee, a former intermediary for Rolls-Royce in Kazakhstan and an executive of an international engineering consulting firm – all for their alleged participation in a scheme to pay bribes to…
Read more
ASIC announced that it has cancelled the Australian financial services (AFS) license of NSW-based Divitiarum Audax Pty Limited (Divitiarum Audax) and suspended the AFS licence of NSW-based Mackellar Financial Services Pty Ltd (Mackellar). Mackellar's AFS license has been suspended from 31 October 2017 until 30 April 2018for failing to lodge financial statements and auditor's reports…
Read more
The U.S. Securities and Exchange Commission is warning investors to beware of online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a certain number of online ads each day. The SEC’s investor alert explains that these online advertising programs may have little…
Read more
The Financial Conduct Authority (FCA) has contributed to the Payment Systems Regulator (PSR) paper on Authorised Push Payment Scams. This follows the Which? super-complaint regarding safeguards in the market for push payments. In December 2016, the FCA committed to identify if there were any firm-specific or sector-wide issues in the way banks handle authorised push…
Read more