Tag: FCA

February 16, 2016 BY Mike Fox

UK FCA warns on Capital Markets trading/MarketCT as clone of regulated firm

United Kingdom's Financial Conduct Authority (FCA) announced that fraudsters are using the details of a firm authorized to try to convince people that they work for the genuine, FCA regulated and authorized firm. Find out more about the latest ‘clone firm’ below:   Clone firm details Fraudsters are using or giving out the following details as…

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February 03, 2016 BY Maria Nikolova

UK FCA reviews 1,108 financial promotions in Q3 2015

The UK Financial Conduct Authority (FCA) has just published its latest Data Bulletin, which includes information about the activities of the regulator regarding financial promotions. The most recent numbers show that the FCA reviewed 1,108 financial promotions in the third quarter of 2015, that is, from July 1st to September 30th last year. Out of…

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January 26, 2016 BY Maria Nikolova

Andrew Bailey becomes new Chief Exec of UK FCA

Andrew Bailey, the Chief Executive Officer of the UK Prudential Regulation Authority, will take the helm of the Financial Conduct Authority (FCA). HM Treasury have today announced his appointment as the new CEO of the FCA. Mr Bailey will assume his new role once his successor at the Prudential Regulation Authority (PRA) has been found.…

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January 21, 2016 BY Maria Nikolova

UK FCA issues warning against FX firm Financial Products (London) Limited

As the number of complaints regarding unauthorized trading and brokerage firms in the UK is rising, the Financial Conduct Authority (FCA) is also stepping up its efforts to combat financial fraud. It comes as no surprise then that the FCA keeps issuing public warnings against unauthorized FX firms, with the latest one targeting Financial Products (London)…

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January 08, 2016 BY Maria Nikolova

FCA warns of clone of social trading provider Ayondo Markets

The Forex industry has been increasingly targeted by clone firms, that is, unauthorized companies that emulate the data, including names, websites, etc., of licensed entities, in order to easily defraud investors. The UK Financial Conduct Authority (FCA) is amid the regulators that actively warn against this practice. The watchdog published a special announcement yesterday regarding…

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January 07, 2016 BY Maria Nikolova

FCA reports steep rise in complaints about Forex trading and brokerage firms

The UK Financial Conduct Authority (FCA) has reported a sharp rise in reports about unauthorised trading and brokerage firms. The complaints from consumers concern firms offering trading in foreign exchange, contracts for difference, binary options and other commodities. A common feature of such companies is that they promise artificially high returns and often mention “guaranteed…

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January 07, 2016 BY Maria Nikolova

Tracey McDermott withdraws from race for FCA's chief exec position

The UK Financial Conduct Authority (FCA) today issued a special statement, confirming that Acting Chief Executive Tracey McDermott has decided to leave the process to appoint the permanent Chief Executive of the FCA. The Treasury-led recruitment process is still open, with Ms McDermott set to continue as Acting Chief Executive until a permanent replacement is…

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