The Financial Markets Authority (FMA) has recently added a new name to its list of unregulated firms. The latest addition is the company Trinity Investments Limited. According to the FMA, the company could be involved in a scam. The regulator has received a complaint from a New Zealand resident who has invested with Trinity Investments…
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Belize financial regulator IFSC has just issued a Warning Notice regarding a company called Gann Markets Corp. The new entity is a Belize Company incorporated under the International Business Companies Act (IBC), Chapter 270 of the Laws of Belize. According to the regulator, Gann Markets Corp. is NOT authorised to hold itself out as providing…
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The Financial Markets Authority (FMA) has recently added a new name to its list of unregulated firms. The latest addition is the company JJ Lloyd. According to the regulator, the firm may be involved in a scam and is not registered on the New Zealand Financial Service Providers Register. The Hong Kong and Austrian regulators…
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The Financial Conduct Authority (FCA), UK’s primary regulatory watchdog, has finally recognized Ripple’s XRP token in a similar fashion as it has for Bitcoin (BTC) and Ethereum (ETH). The latter two crypto coin systems had already been classified as being an exchange or utility token, as opposed to being deemed a security and then subject…
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The Cyprus regulator CySEC announced that it has reached a settlement with the company Banc De Binary Ltd. for violations of The Investment Services and Activities and Regulated Markets Law of 2007. The settlement reached with Banc De Binary Ltd. is for the amount of €300.000 and has already been paid by the company. CySEC…
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Belize financial regulator IFSC has just issued a Warning Notice regarding a company called OptimaFX Global Investment LTD. The new entity is not licensed under the IFSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule…
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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 company Thomas and Ward Advisors LLC. Thomas and Ward Advisors LLC is not authorised by the FCA but has been targeting people in the UK and is…
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The Cyprus regulator CySEC announced that the company Hellenic Secretarial Services Ltd waived its authorisation pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Hellenic’s authorisation with Νumber 131/196 lapsed as from 1st July 2019 and CySEC has permanently deleted Hellenic Secretarial…
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The call for regulatory overview on cryptocurrencies is long due. And not only cryptocurrencies, but the so called "digital assets". Countries around the world classify digital coins in many different ways. Now, the UK FCA has clarified its position on how to regulate digital assets. The FCA has also given its stance on which tokens…
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The EU securities markets’ regulator ESMA has announced earlier today that it will not renew the temporary restriction on the marketing, distribution or sale of contracts for differences (CFDs) to retail clients in the European Union (EU). LeapRate reminds that last year ESMA has taken product intervention measures relating to CFDs, imposing a temporary restriction…
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