Fortelus Capital Management CFO Thomas Meston was preparing to leave his office on a Friday afternoon when a fraudster called stating that he was from Coutts and requested the company’s corporate bank account details. Subsequently, the fraudsters stole from the bank account, with Mr. Meston now the subject of a lawsuit
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Caveat Emptor! FINRA’s new video game teaches public to be streetwise and outsmart con artists
FINRA’s Investor Education Foundation’s new video game “Con ‘Em If You Can” is available for play on desktop or by downloading the phone or tablet mobile application, is designed to help investors outsmart investment fraud criminals
Read MoreASIC biannual enforcement report released depicting harsh penalties for transgressors
Australia’s national financial markets regulatory authority has processed 256 enforcements during the last six months, a notable example being the jailing of former Sonray director Russell Johnson for his part in the $46 million demise of the firm.
Read MoreFCA launches criminal trial against FX fraudster Phillip Boakes
Stratford-on-Avon resident Phillip Boakes appeared at City of London Magistrates’ Court yesterday charged with several offences surrounding his activities.
Read MoreASIC gets tough on unregulated FX business: Takes a stand by shutting firm down
Australia’s national financial regulator has obtained a court order against unlicensed FX firm which promised “quick executions, low spreads, and intelligent customer-service”, but withheld profits from clients. With the firm now closed by ASIC, the investigation continues.
Read MoreBarclays at center of dark pool lawsuit as government officials bear down
British financial giant Barclays in receipt of lawsuit by New York Attorney General Eric Schneiderman in latest governmental crackdown on dark pool activity. Undeterred, FX traders are set to increase use of dark pools.
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