The new additions to the RED list include: Allegra Markets IDB Traders/Baltic Concert LLP Capital 245 MM Financial Experts Coinexx Omega Crypto Crown Finance Omega Capitals EagleFX Platin CFD Easy Line Pro Richmond FG F1 Trade Top Option 360 FX Dealer Trade GF FXVIP Turnkey Forex Global Capital Options VIP Businesses Grand Tradefx Wellington INV/Bali…
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The New Zealand watchdog found that representatives of TFR Global offer private investment in Merlin Biotechnologies to New Zealand residents. TFR Global and Merlin Biotechnologies are not incorporated companies or registered financial service providers in New Zealand and they are therefore not permitted to provide financial services/products in the country. TFR Global claim they are regulated by Investment…
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Elaine Sun, the Compliance Director of Huobi Tech commented: We are delighted to get licensed and it marks a good start for the Company to provide professional asset management services. The Asset Management arm is led by a team of investment professionals with extensive traditional securities investment experience and fruitful knowledge in blockchain and virtual…
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The New Zealand watchdog found that Bitcoin Era appears to not be a registered financial service provider in New Zealand. Spanish National Securities Market Commission has also cautioned the public about Bitcoin Era. FMA also discovered that New Economic Evolution of the World (NEEW) may have be operating a scam. In July 2019 and July 2018…
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Even though the licence is suspended, ASIC has allowed the administrators to conduct certain necessary activities under the licence during the suspension period, including to have in place a dispute resolution scheme and arrangements for compensating retail clients, to hold professional indemnity insurance and to allow the termination of existing arrangements with current clients of…
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Hoch Capital announced it is closing all open positions by 14 August. The CySEC approved the suspension of the license on 6 July. Provider of investment services Rodeler Ltd also notified CySEC of its decision to terminate its CIF license. CySEC announced it approved the request on 6 July.
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The Australian regulator also alleges that Forex CT contravened a ban on conflicted remuneration under the Corporations Act by paying account manager bonuses primarily based on client “net deposits” (total client deposits less withdrawals) and failed to act in the best interests of clients. This may add a maximum civil penalty of $1,000,000 for the…
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The New Zealand watchdog found that Stark Markets appears to not be a registered financial service provider in New Zealand. The British Colummbia Securities Commission of Canada found that the website https://starkmarkets.com and its associated entities are named as “StarkMarkets, operated by SWISSGEMS Ltd. and Krisimark Ltd”. FMA also discovered that Libra Markets is not a registered…
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The New Zealand watchdog found that Forex Insiders appears to be offering unrealistically high and guaranteed returns. The company is also not a registered as financial service provider in New Zealand. FMA also discovered that World Markets is not a registered financial service provider in New Zealand. FMA provided details of the bank account used by World…
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The New Zealand watchdog found that Business Choice Partners Group Limited claims to be recognized by the ‘national financial regulatory commission of Australia and New Zealand’, while in fact, there are no such regulatory bodies. The company's websites claim to be operated by BCP Group Limited. BCP Group Limited, however, is not associated with the websites. FMA…
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