Tag: UK forex regulation

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 20, 2016 BY Maria Nikolova

UK FSCS says there is prospect of unforeseen investment firm failures

The events from January 15, 2015 keep plaguing the investment landscape, including actions and forecasts of regulatory bodies. The latest example in this respect is provided by the Financial Services Compensation Scheme (FSCS), the UK’s statutory compensation scheme for customers of authorised financial services firms. The failure of several investment firms last year, following “Black…

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October 26, 2015 BY Maria Nikolova

UK's SFO continues investigation into Global Forex Investments, Global Forestry Investments

The UK Serious Fraud Office (SFO) has provided an update regarding its investigation into Global Forex Investments and Global Forestry Investments, fraudulent investment schemes that have led to multi-million losses for UK investors. The start of the criminal investigation was officially announced in February this year, when the SFO asked people who have invested funds…

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October 22, 2015 BY Maria Nikolova

UK's FCA warns against unauthorized Forex broker Sunbird FX

The Financial Conduct Authority (FCA), the UK regulator responsible for the oversight of investment firms offering their services in the country, today published a warning against Sunbird FX c/o Spring Empire Solutions Limited. The company, whose website states that it has an address in the UK, is not registered with the FCA, the regulator warns.…

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