As per the court order, Scholz is barred from hosting online groups for which he charged membership fee and in which messages are exchanged by members about share trades without an Australian Financial Services Licence (AFS). He is also prohibited from carrying on a financial services business in the country. ASIC filed a suit against…
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FCA highlighted that t has made improvements to the digital tools it uses to detect problem firms and problematic advertisements, allowing the regulator to work on a larger amount of cases compared with 2021. ‘Fin-fluencers’ were pointed out as a growing concern as the regulator warned that unauthorized individuals should not give advice on certain…
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Theocharides added: It is particularly worrying that already low financial literacy levels are also declining and this has exacerbated the risk of young people not fully understanding the unique characteristics and risks that trading in these products can carry and many will get in over their head. CySEC further raised concerns over the growing endorsement…
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