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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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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The Financial Conduct Authority (FCA) today announced that Tesco plc and Tesco Stores Limited have agreed that they committed market abuse in relation to a trading update published on 29 August 2014, which gave a false or misleading impression about the value of publicly traded Tesco shares and bonds. Tesco have agreed to pay compensation…
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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 Prime FX Ltd. Prime FX Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Davisco Foods International, Inc., based in Le Sueur, Minnesota, for failure to register with the CFTC as a Futures Commission Merchant (FCM). The CFTC Order finds that for a number of years, from at least May 2011 and continuing…
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The Financial Industry Regulatory Authority (FINRA), along with the New York Stock Exchange; NYSE Arca; NYSE MKT; the four Bats Exchanges, Bats BZX, Bats BYX, Bats EDGA, and Bats EDGX; Nasdaq; Nasdaq BX; and the International Securities Exchange, today announced that they have commenced disciplinary proceedings against Lek Securities Corporation and its Chief Executive Officer,…
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The Securities and Exchange Commission (SEC) announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars. The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with…
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The UK Financial Conduct Authority (FCA) has put out details of three new cloned firms: ReLoan UK, Pulse Finance, and Guaranteed Loans. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details…
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The Monetary Authority of Singapore (MAS) announced that has signed cooperation agreements with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) of France to enhance FinTech cooperation between both countries. The cooperation agreement provides a framework under which ACPR, AMF, and MAS will share information about emerging…
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Financial markets regulator the National Commission for Companies and the Stock Exchange (CONSOB) has forbidden (pursuant to art. 99, paragraph 1, letter d, of the Consolidated Law on Finance - CLF) offers to the public resident in Italy, for the purpose of investments of a financial nature, through the website www.profits25.com. The CONSOB also announced…
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