Japan’s Financial Services Agency (FSA) has earlier today updated its Warning List of investment companies soliciting Japanese clients without having any necessary permission from the authorities. Amid the latest additions is Sumo Forex Limited, a retail Forex broker providing its services via www.sumoforex.com. The company claims to have an address in New Zealand. The FSA…
Read moreJapan’s Financial Services Agency (FSA) has updated its lists of unregistered entities that offer financial instruments services to Japanese investors. The latest additions to these lists are three – two Forex brokers and one binary options broker. Fox International Partners Ltd The company is also known as Fox Forex. It provides the following address: Global…
Read moreJapan's Financial Services Agency (FSA) has earlier today updated its Warning List of OTC derivatives trading services providers that are targeting Japanese clients but are not authorized to do so. The newest addition to the list is GFB Capital Limited, a company with an address in the UK. Its business is associated with brands like…
Read moreIt is not a rare occurrence for Japanese financial regulators to act against companies that are authorized in overseas jurisdictions, however lack the necessary regulation in Japan and target Japanese investors. X Global Markets Ltd, a Forex broker authorized as a Cyprus Investment Firm (CIF), has made it to the Warning List of Japan's Financial…
Read moreThe company, giving an address in Hong Kong, is not authorized to target Japanese residents and to provide investment services in Japan, the watchdog says.
Read moreThe company is not registered to offer investment services to Japanese clients, the warning says.
Read moreThe company is not authorized to offer investment services to Japanese clients, although it has a license overseas, the regulator notes.
Read moreBoth Forex brokers are not registered in Japan and do not have authorization to target Japanese investors, says Japan's Financial Services Agency.
Read moreThe retail FX broker will have to solve problems with its risk management systems and controls.
Read more