The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Global Marketing Online Limited / ADS Securities. 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…
Read more
The Securities and Exchange Commission (SEC) charged a former broker with knowingly or recklessly trading unsuitable investment products in the accounts of five customers and misappropriating more than $170,000 from one of those customers. The SEC’s complaint alleges that Demitrios Hallas repeatedly traded unsuitable investments in his customers’ accounts, exposing customers who were unsophisticated with…
Read more
The Cyprus Securities and Exchange Commission (CySEC) announced that, on 28th March 2017, the CIF A.A.M & Wealth Ltd renounced its authorisation pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF authorisation with Νumber 222/14 lapsed as from the abovementioned…
Read more
The Securities and Exchange Commission (SEC) announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. Not only did this whistleblower step forward and report suspicious conduct, but continued to…
Read more
The Australian Securities and Investments Commission (ASIC) is urging Australians to do a quick and free search on ASIC's MoneySmart website to see if a share of $1.1 billion of unclaimed money is theirs. There are more than a million records of unclaimed money from dormant bank accounts, life insurance, shares and other investments waiting…
Read more
KCG Holdings Inc. Class A (NYSE:KCG) today announced that its board of directors has cancelled the company's 2017 Annual Meeting of Stockholders previously scheduled for May 10, 2017 at 1:00 p.m. Eastern Standard time. On April 20, 2017, KCG announced that it had reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire…
Read more
Belgium financial regulator FSMA has issued a statement regarding the €550,000 settlement it reached with FCA and CySEC regulated CFD broker Plus500 Ltd (LON:PLUS), reported earlier today by LeapRate. The statement sheds some light on the reasons the settlement was reached. Full text of the statement reads as follows: 25-04-2017 Agreed settlement - Plus500 The…
Read more
The Irish Stock Exchange (ISE) has today announced details of the 2017 #IPOready programme, aimed at the next wave of Irish companies that are on course for a stock market listing (initial public offering or IPO) in the next 5 years. The 2017 #IPOready programme will provide high-growth IPO candidate companies with a structured support…
Read more
Euronext, the pan-European exchange, announced the launch of Euronext Fund Service in Paris, an innovative and complementary solution for investing in open-end funds (UCITS and AIF) registered or passported in France. It offers institutional and retail investors a simplified, automated cost-efficient subscription/redemption service to invest in funds through their brokers. Euronext Fund Service will be…
Read more
The Board of the Financial Conduct Authority (FCA) announced that has appointed an additional six members to the FCA’s Regulatory Decisions Committee (RDC). The newest members appointed to the RDC are Karen Johnston and Nick Lord. They join Stuart McIntosh, Philip Marsden, Robin Mason and Malcolm Nicholson who were appointed last year. The RDC is…
Read more