The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa - CONSOB) has prohibited: under the terms of article 99, paragraph 1, letter d), of the Consolidated Law on Finance - CLF, the offering to the public resident in Italy regarding investments of a financial nature carried out…
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Australia financial regulator ASIC has today accepted enforceable undertakings from Westpac Banking Corporation (WBC:ASX) and Australia and New Zealand Banking Group (ASX:ANZ) in relation to the banks' wholesale foreign exchange (FX) businesses. As a result of ASIC’s investigation, ASIC is concerned that between January 2008 and June 2013 both banks failed to ensure that their…
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The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Campbell & Browne Associates. Campbell & Browne Associates operates at website https://campbellbrowneassociates.com/ and claims to be established at 26, boulevard Royal, L-2449 Luxembourg. The CSSF informs the public that the entity named Campbell & Browne Associates is…
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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 Stevenson Investment Management Inc. Stevenson Investment Management Inc. is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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The International Organization of Securities Commissions (IOSCO) today unveiled the IOSCO Asia Pacific Hub in Kuala Lumpur, hosted by the Securities Commission (SC) Malaysia. This initiative responds to a growing demand among IOSCO members for enhanced capacity building, particularly in growth and emerging markets. Ranjit Ajit Singh, Chair of SC Malaysia, Vice Chair of the…
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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 Allied Capital Consultants. Allied Capital Consultants 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) announced that it is extending the comment period on its proposed capital requirements applicable to swap dealers and major swap participants for an additional 60 days. The original comment period was to expire March 16, 2017. As extended, the comment period will expire on May 15, 2017. Notice…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Swiss Life. 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 as part of their tactics to…
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The Financial Stability Board (FSB) published a consultation document on Proposed governance arrangements for the unique transaction identifier (UTI). The consultation sets out proposals for the governance arrangements for a global UTI, as a key harmonised identifier designed to facilitate effective aggregation of transaction reports about over-the-counter (OTC) derivatives markets. G20 Leaders agreed at the…
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The U.S. Securities and Exchange Commission today announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. The SEC’s complaint alleges that Avalon FA Ltd touted itself to traders as a destination…
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