Category: Financial Services

fma warns against unregulated company
March 30, 2017 BY Valentina Kirilova

AMF warns against several unauthorized forex websites

The AMF and the ACPR just published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the list of new websites recently identified: www.admiralmarketsltd.com / Admiral Markets Global Solutions Ltd www.fm-fx.com / FM Marketing Ltd www.goprofinance.com / GoProBank www.trade-24.com…

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March 30, 2017 BY Valentina Kirilova

WhatsApp leaks land Jefferies investment banker FCA fine

The Financial Conduct Authority (FCA) announced that has today fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp. The FCA found that Mr Niehaus failed to act with due skill, care and diligence. The FCA found that Mr Niehaus, who was a managing director in the Investment Banking division…

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March 30, 2017 BY Valentina Kirilova

UK regulator PSR issues final proposals to tackle push payment scams

The Payment Systems Regulator (PSR), the economic regulator for the £75 trillion UK payment systems industry, announced the start of a concerted and coordinated industry-wide effort to tackle payment scams back in December 2016. Following its consultation into the potential role of payment system operators (PSOs) in minimising the consumer harm caused by authorised push payment…

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March 30, 2017 BY Valentina Kirilova

ASIC reports on Sydney Stock Exchange’s listing standards

ASIC has released its assessment report on the listing standards of the Sydney Stock Exchange Limited (SSX). The report concludes that SSX should make a number of changes to improve compliance with its statutory obligations. These changes include putting adequate arrangements in place to manage conflicts between its commercial interests and the need for it…

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sfc warning
March 30, 2017 BY Valentina Kirilova

Hong Kong SFC adds AAFX Trading Capital to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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amf
March 29, 2017 BY Valentina Kirilova

AMF and Signal Spam sign investor protection partnership agreement

The Autorité des Marchés Financiers (AMF) announced that is working on various initiatives aimed at offering better protection for investors and one such initiative is today's signature of a partnership agreement with Signal Spam, the French national spam reporting platform. Signal Spam is a not-for-profit association managed by public authorities, corporations and industry representatives. Since 2005,…

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March 29, 2017 BY Valentina Kirilova

FCA warns against CWA Options firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm CWA Options. CWA Options is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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March 29, 2017 BY Valentina Kirilova

ASIC establishes Financial Advisers Consultative Committee

ASIC announced the establishment of the Financial Advisers Consultative Committee, designed to improve industry engagement with its regulator, and revealed its initial membership. ASIC has extensive engagement with participants in the financial advice sector as well as financial advice industry bodies and consumer organisations. We saw benefit in extending our interaction with this sector through…

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