Search Results for: regulators
FCA statement on selling high-risk speculative investments to retail clients
August 2nd, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued a statement on selling high-risk speculative investments to retail clients following ESMA’s action on CFD products. In accordance the ...
Virtual currencies spark real concern about national security threat
July 31st, 2018
U.S. government officials are increasingly worried about the potential national security threat posed by the rise of cryptocurrencies. In the past week, the Department of Justice, congressional lawmakers and even Federal Reserve Chairman Jerome Powell have voiced concern about ...
Beware of unauthorised investment and financial services providers
July 31st, 2018
Financial Regulators around the world issued warnings to inform investors and public for companies and websites that are offering investment, financial and insurance services without the required authorisation. The latest warnings are coming from the the supervisory authorities of ...
Beware: Supervisory authorities around the world issued investor protection warnings
July 25th, 2018
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Spain (Comisión Nacional del Mercado de Valores – Cnmv), Austria (Financial Market Authority – FMA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), France (Authorité des Marchés ...
Operator of shuttered bitcoin exchange pleaded guilty in defrauding investors charges
July 24th, 2018
The operator of a shuttered bitcoin-denominated exchange pleaded guilty on Monday to federal charges that he defrauded investors and lied to US securities regulators investigating the theft by hackers of virtual currency now worth about US$46 million. Jon Montroll, ...
Deutsche Bank subsidiaries will pay nearly $75 million to settle charges
July 23rd, 2018
The Securities and Exchange Commission (SEC) announced that two U.S.-based subsidiaries of Deutsche Bank AG will pay nearly $75 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). The case stems from a continuing SEC investigation ...
FCA proposes actions to improve competition in the investment platform market
July 18th, 2018
Competition is working well for most consumers using investment platforms, according to interim findings of the Financial Conduct Authority’s market study into investment platforms, published. However, the FCA’s interim findings reveal concerns about how platforms compete for particular groups ...
Firm to pay $3.4 Million Penalty for attempted manipulation of agricultural markets
July 16th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Lansing Trade Group, LLC (Lansing), a commodity merchandising firm with headquarters in Overland Park, Kansas, for the attempted manipulation of the price of certain wheat ...
Big Four firms plan for forced break-up
July 16th, 2018
The Big Four accountancy firms have drawn up contingency plans for a break up of their UK businesses, an option politicians and regulators are increasingly pushing to solve conflicts of interest embedded in the industry. The pressure on the ...
BCSC warns for unregistered firms providing Forex and cryptocurrency trading
July 10th, 2018
The British Columbia Securities Commission (BCSC) has issued warnings to inform investors and public for Companies not registered to trade in, or advise on, securities or exchange contracts in British Columbia (BC) and have not filed a prospectus or ...
