Category: Financial Services

FCA warning
December 30, 2020 BY Steffy Bogdanova

Compare UK Bonds, Heronsgate Capital Limited and others added to FCA's warning list

Compare UK Bonds / compare-uk-bonds Address: 12 Constance St, London E16 2DQ Telephone: 0203 991 9738 Email: [email protected] Website: www.compare-uk-bonds.co.uk Heronsgate Capital Limited (Clone of FCA authorised firm) Tel: +1 (305) 998-6062 Email: [email protected] Website: www.heronsgatecapltd.com Full Funding Circle / Fullfunding Circle (clone of FCA authorised firm) Tel: 08452200369 Email: [email protected] Website: www.fullfunding-circle.com Guardian Bonds…

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Hong Kong SFC
December 23, 2020 BY Steffy Bogdanova

Hong Kong SFC fines Fulbright Securities Limited $3.6 million

The regulator also found that Fulbright failed to report these incidents to the SFC immediately upon discovering them. In deciding the disciplinary sanction, the SFC took into account that adequate and effective internal control systems are fundamental to the fitness and properness of a licensed corporation and that Fulbright’s short selling failures lasted for at…

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CFTC
December 23, 2020 BY Steffy Bogdanova

CFTC orders more than $255K restitution in forex fraud case

The consent order finds that between April 2017 and February 2019, Pyatt accepted $276,850 from pool participants to trade commodity futures and forex. The US watchdog also discovered that Pyatt misappropriated most of pool participants’ funds for business expenses and personal use, and to make Ponzi-like payments to other pool participants, while using only a…

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FCA warning
December 22, 2020 BY Steffy Bogdanova

MIR Capital S.C.A, Lombard London and others added to FCA's warning list

MIR Capital S.C.A Addresses: One Canada Square, Canary Wharf, London, United Kingdom E14 5AB; Luxembourg Office (Headquarters), 19-21 boulevard du Prince Henri, Luxembourg L-1724 TelePhone: +44 20 71839831, +44 20 7183 9851, +352 20 88 27 72 Email: [email protected], [email protected], [email protected], [email protected], [email protected], [email protected] Website: https://www.mircapitalsca.com/ Lombard London / Lombard AM (Clone of FCA authorised…

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ASIC
December 22, 2020 BY Steffy Bogdanova

Former Australian financial adviser pleads guilty to theft

The former Syndey financial advisor pleaded guilty to a charge that, between June 2011 and April 2012, he used his position as a director dishonestly, with the intention of gaining advantage for either himself or Flowers Financial Management, by causing the transfer/withdrawal of $179,500 of seed capital. Flowers also pleaded guilty to a charge that,…

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Whistleblower
December 21, 2020 BY Steffy Bogdanova

SEC awards whistleblowers more than $3.6 million

Jane Norberg, Chief of the SEC’s Office of the Whistleblower said: Today's three awards demonstrate the SEC's continuing commitment to making awards to individuals who provide high-quality information that assists the agency in bringing successful enforcement actions. These awards also show that the Commission will take into account the unique facts and circumstances of each…

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December 21, 2020 BY Steffy Bogdanova

Hong Kong SFC introduces new electronic licensing services

The new online features include web-based licensing forms with auto-fill and skip logic features and pre-set validation rules to reduce errors. The features also support electronic. Upgraded administration functions will allow separate accounts for licensees and their professional advisory firms, giving them more flexibility in how they handle licensing matters and manage submissions. Ashley Alder,…

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SEC
December 18, 2020 BY Steffy Bogdanova

Robinhood to pay $65 million to settle charges with SEC for misleading customers

Stephanie Avakian, Director of the SEC’s Enforcement Division, commented: Robinhood provided misleading information to customers about the true costs of choosing to trade with the firm. Brokerage firms cannot mislead customers about order execution quality. Joseph Sansone, Chief of the SEC Enforcement Division’s Market Abuse Unit, added: Robinhood failed to seek to obtain the best…

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