ASIC just announced that has disqualified John Evennett of New South Wales from being an approved self-managed superannuation fund (SMSF) auditor. ASIC determined that Mr Evennett had breached fundamental independence and audit requirements. Given the nature of these breaches, it was considered appropriate to disqualify Mr Evennett. ASIC found that Mr Evennett had breached: auditor…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Essential 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 to…
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The Financial Industry Regulatory Authority (FINRA) just announced that it has expelled New York-based Hallmark Investments, Inc. and barred its Chief Executive Officer, Steven G. Dash, in connection with a scheme to sell shares of stock to customers at fraudulently inflated prices. FINRA also suspended Hallmark representative Stephen P. Zipkin for two years and required…
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The Securities and Exchange Commission (SEC) charged two Tennessee men and an accomplice in Fort Lauderdale with allegedly defrauding investors they lured by false promises of high returns from an oil drilling investment opportunity. According to the SEC’s complaint filed in federal court in Savannah, Georgia, David R. Greenlee and David A. Stewart Jr. orchestrated…
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Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding Trine Markets Group Ltd. It has come to the notice of the IFSC that Trine Markets Group Ltd, operating under the trading name TRINEMARKETS is falsely claiming to be ‘controlled’ by the IFSC. The representation made on the website, https://www.trinemarkets.com that the…
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The Australian Securities and Investment Commission (ASIC) has banned financial adviser Travis Byron McLean from providing financial services for a period of five years. ASIC found that Mr McLean failed to act in his clients' best interests when providing advice and that he failed to comply with several financial services laws. ASIC Deputy Chairman Peter…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Kleinwort Benson (Ventures). 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…
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The Cyprus Securities and Exchange Commission (CySEC) has made an announcement, informing all interested parties about the Authorisation of Data Reporting Service Providers. In particular, this Announcement aims to inform potential applicants and assist them in their preparations for the MIFID II authorization requirements, which will apply from 3 January 2018. Firms that intend to…
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Intercontinental Exchange (NYSE: ICE), the operator of global exchanges and clearing houses and provider of data and listings services, announced today that it priced an underwritten public offering of $1.0 billion in new senior notes. The senior notes comprise $500 million in aggregate principal amount of 2.350% Senior Notes due 2022 (the “2022 Notes”) and…
Read moreEgyptian Exchange (EGX) Membership Committee held yesterday its first meeting under the chairmanship of Mr. Mohamed Farid, EGX Chairman and the membership of his deputy Mr. Mohsen Adel, also the Committee had other members of the Board of Directors, Mr. Ahmed Abu El Saad and Shoukat El Maraghi. During the meeting, the Committee declared several…
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