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 Genworth Consultant Group. Genworth Consultant Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Together with Copenhagen Fintech Lab Saxo are opening the door to connect and foster relationships with Fintech startups on a global scale. In September Copenhagen based online brokerage provider Saxo Bank celebrates it 25 year anniversary and, after reporting a nice 4% increase in August trading volumes, the company just shared that has become a sponsor…
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Last week, on September 5, 2017, the securities industry successfully implemented a shortened settlement cycle for most securities transactions, pursuant to amendments to Rule 15c6-1 that the Securities and Exchange Commission (SEC) adopted earlier this year. The move to a two business day standard settlement cycle – or T+2 – was the product of extensive preparation…
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France's market regulator the Autorité des marchés financiers (AMF) has warned the public against the activities of “Naftoil” company and its director Mr Raphael Comté proposing investments services without being authorized to do so. This company is not authorized by the AMF to provide investment services. The AMF reminded investors and individuals responsible for marketing…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Financial Point. 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…
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First buy-side client to utilise the Lending CCP’s Specific Lender License Eurex Clearing, Europe’s clearing house and part of Deutsche Börse Group, has announced that PGGM, the cooperative Dutch pension fund service provider offering institutional clients asset management, pension fund management, policy advice and management support, is the first buy-side client to become a direct…
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Belize financial regulator IFSC has issued a Warning Notice regarding a company called Real Markets Live. According to the regulator, an entity calling itself “Real Markets Ltd” aka RealMarketsLive, with its business address at Schweigaards Gate 5, 0185 Oslo, Norway, operating under domain name, http://realmarketslive.com is falsely and fraudulently purporting to be licensed by the…
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The U.S. Financial Industry Regulatory Authority (FINRA) announced today that a FINRA extended hearing panel censured Albany, NY-based broker-dealer C.L. King & Associates, Inc. and fined the firm $750,000 for negligently making material misrepresentations and omissions to issuers in connection with the firm’s redemptions of debt securities on behalf of a hedge fund customer. The…
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For the further development of Tokyo as an international financial center, the Japan Financial Services Agency (FSA) has been committed to enhancing transparency regarding the procedures for foreign financial business operators to establish a business base in Japan, including to provide more useful information in English regarding the financial market in Japan. As a part…
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TMX Group (TSX:X) has announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for August 2017. Toronto Stock Exchange welcomed three new issuers in August 2017, compared with nine in the previous month and one in August 2016. The new listings included one SPAC, one exchange traded fund and one life sciences…
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