Over the past couple of years, the SEC has been “struggling” with the case of whether to approve or not the numerous Bitcoin ETF applications coming its way. The SEC so far has somewhat felt “uncomfortable”judging the applications, as the Commission has stated that it needs further knowledge and expertise in the field in order…
Read more
Australian regulator ASIC announced earlier today that 58 Australian finance services (AFS) licensees have now had their authorisation revoked. The reason is that the companies were in breach of the law because they were also authorised representatives of other AFS licensees. According to section 916D of the Corporations Act 2001 (the Act), an AFS licensee…
Read more
The UK regulator FCA has issued several Decision Notices today in respect of three firms and five individuals. The companies names are Financial Page Ltd, Henderson Carter Associates Limited and Bank House Investment Management Limited and the individuals - Andrew Page, Thomas Ward, Aiden Henderson, Robert Ward and Tristan Freer. The FCA will take the…
Read more
Australian regulator ASIC has announced yesterday that it has just suspended the Australian financial services (AFS) license of Sydney-based financial services provider Australasia Wealth Services Management Pty Ltd (AWSM) until 25 June 2019. According to the regulator, the company AWSM had breached its financial reporting and audit obligations and the requirement to obtain membership of…
Read more
The Dutch Financial Markets Authority (AFM) has announced that it has taken national measures mirroring ESMA’s last year restrictions. The AFM will prohibit Binary Options and restrict the marketing, distribution or sale of CFD to retail investors. LeapRate reminds that the new rules, formalized by ESMA in late March, came into effect: Binary Options – from…
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 company Aria Hope. Aria Hope is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read more
Cyprus regulator CySEC has just issued a warning against the website cryptocapitalfx.com, and informed investors that it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017. The website belongs or…
Read more
The Financial Markets Authority (FMA) has just issued a public warning against a scam company called Wildex Investment Limited. Associated entities individuals: Wildex Investments Address: 26FL, FWD Financial Centre, 308-320 Des Veoux Road, Sheung Wan, Hong Kong Website: www.Wildexinvestment.com Phone: +85221270667 Email: [email protected] The FMA recommends exercising caution before dealing with Wildex Investment Limited and…
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 company Tasbir Singh. Tasbir Singh is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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 company Innovative Loans. Innovative Loans is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read more