The UK Financial Conduct Authority (FCA) has put out details of the cloned firm GE Money Financing. 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…
Read more
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 Asset Management Protection. Asset Management Protection is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
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…
Read more
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…
Read more
ASIC has permanently banned Andrew Peter Panayiotides from providing financial services. ASIC found that Mr Panayiotides failed to act in the best interests of clients and provided advice to clients of Morgan Stanley Wealth Management in relation to exchange traded options (ETOs) that was inappropriate when considering the financial circumstances and objectives of the clients…
Read more
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…
Read more
Following public consultation, ASIC has released a new legislative instrument regarding differential fees, replacing the class order due to expire (‘sunset’) on 1 April 2017. ASIC has replaced Class Order [CO 03/217] with the new legislative instrument ASIC Corporations (Registered Schemes - Differential Fees) Instrument 2017/40 that: expands the relief where a member acquires an…
Read more
As the legendary Jeff Spicoli would say, totally bogus! The U.S. Securities and Exchange Commission (SEC) today charged a California-based company and its founder with falsely touting “record” revenue numbers to investors and claiming to be a leader in the marijuana industry, while some of its earnings came from sham transactions with a secret affiliate.…
Read more
MTS, one of Europe’s premier fixed income electronic trading venues, is helping buy- and sell-side customers across its electronic marketplaces prepare for compliance with MiFID II and MiFIR regulatory standards ahead of the introduction of the new legislation in January 2018 with the launch of a dedicated web portal and trade reporting service. With over…
Read moreLondon Stock Exchange Group (LSEG) announced an additional market for the issuance of primary debt targeted at institutional and professional investors, the International Securities Market (ISM). The exchange-regulated multilateral trading facility (MTF) market will operate alongside London Stock Exchange plc’s (LSE plc) other markets. LSE plc will publish a market consultation at the end of…
Read more