The Malta Financial Services Authority (MFSA) informed today that it has updated the Conduct of Business Rulebook, announcing permanent restrictions regarding the marketing, distribution or sale of Contracts for Differences (CFDs) to retail investors. During the last years, the European market has witnessed a rapid increase in the marketing, distribution or sale of CFDs to…
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The Malta Financial Services Authority (MFSA) has just informed that it has become aware of an entity calling itself FXenergy and utilizing the website https://www.fxenergytrade.com/#/. FXenergy fraudulently claims to be regulated and licenced by the MFSA under the purported license number 5651919008284 to provide investment services. FXenergy is not a Maltese entity, it is not…
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The Malta Financial Services Authority (MFSA) just announced that it has become aware of an entity operating under the name Falcon Financial Management, which is known to have an internet presence at http://www.falconfinancialmanagement.com/, and which, according to information available to the MFSA, appears to be offering investment and/or other financial services to consumers. Although Falcon…
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The Malta Financial Services Authority (MFSA) announced that has decided to impose an administrative penalty of €15,000 on BTFX Brokersclub Limited in terms of the powers granted to the Authority under Article 16A of the Investment Services Act. Brokersclub Limited was found in breach of: SLC 7.45 of Part BI of the Investment Services Rules…
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The Malta Financial Services Authority (MFSA) announced that, on the 9th May 2017, it successfully concluded and signed a Memorandum of Understanding with the Financial Information Authority of the Holy See and the Vatican City State. The MoU establishes a framework of bilateral cooperation between the two Authorities in the carrying out of their respective…
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The Malta Financial Services Authority just announced that, on the 2nd February 2017, it successfully concluded and signed a Memorandum of Understanding with the Abu Dhabi Global Market Financials Services Regulatory Authority. The Memorandum of Understanding establishes a framework of bilateral cooperation between the two Authorities in the carrying out of their respective duties and…
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The Malta Financial Services Authority (MFSA) has become aware of the website https://www.mxtrade.com/ which is falsely stating that MXTrade is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on MXTrade, including CySEC,…
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The Malta Financial Services Authority (MFSA) has become aware of the website https://www.tradingbanks.com/ which is falsely stating that tradingbanks is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on tradingbanks, including South Africa’s…
Read moreThe Malta Financial Services (MFSA) Authority today notified the public that is has become aware of the binary option website https://www.stock-binary.com/contact.html which is misleading the public by using in its “contact page” the name and details of a genuine firm authorized by the MFSA, thus giving the erroneous impression that the entity is licensed by…
Read moreThe Malta Financial Services Authority is requesting that any license holder affected by the Swiss franc market event should inform the regulator immediately without undue delay. In the affirmative, the EU regulator states to kindly provide them with the following: 1. your comments regarding the materiality of any losses (whether realized or unrealized) vis-à-vis the…
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