Search Results for: warning
An investment management business in UK claimed £15m in damages but awarded £2 compensation
February 24th, 2017
An investment management business which claimed £15m in damages for stolen data from departing staff has ended up with just £2 compensation after a High Court judge ruled that no injury had been sustained. The Honourable Mr Justice Leggatt ...
Unauthorised financial services companies around the world are reported
February 23rd, 2017
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Spain (Comisión Nacional del Mercado de Valores – CNMV), Ireland (Central Bank of Ireland), Austria (Financial Market Authority – FMA), Switzerland (Swiss Financial Market Supervisory Authority – ...
FCA UK warns for FX Jupiter
February 22nd, 2017
The Financial Conduct Authority (FCA) has issued a warning to inform investors and public that fraudsters are using the details of firms the FCA authorises to try to convince people that they work for a genuine, authorised firm. According ...
Rising number of carve-out deals providing legal opportunities
February 16th, 2017
Carve-outs are becoming more prominent as a way for corporates to unlock value from their non-core enterprises, currently accounting for 10 per cent of all M&A activity globally. Carve-outs are becoming more prominent as a way for corporates to ...
FSMA warns for investment firms not authorised
February 14th, 2017
The Financial Services and Markets Authority (FSMA), a financial regulator of Belgium, has issued an announcement to warn investors and public against the activities of various providers of/intermediaries in binary options and Forex products, “recovery rooms” and “boiler rooms”, ...
FCA UK warns about the firm STP Markets
February 10th, 2017
FCA UK has issued a press release to inform that the below firm has been providing financial services or products in the UK without its authorisation. Almost all firms and individuals offering, promoting or selling financial services or products ...
Two of China’s Biggest Bitcoin Exchanges Stop Bitcoin Withdrawals
February 10th, 2017
Two of China’s most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately. Yuan recharge, withdrawals and other services will not be affected, the exchanges said. In public posts ...
FMA warns against OptionsXO
February 8th, 2017
The Financial Markets Authority (FMA) of New Zealand has issued a warning to inform investors and public in relation of conducting business with OptionsXO http://www.optionsxo.com/. AS FMA reports, the notice by the Australian Securities and Investment Commission (ASIC) warns ...
FMA warns firms under Anti-Money Laundering and Countering Financing of Terrorism Act
February 8th, 2017
The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (the Act). Under section 59(2) of the Act, the FMA required reporting ...
Price controls and propaganda
February 5th, 2017
Most economists agree on one thing; price controls do not work. Many go on to say they create shortages of goods, which inevitably drives black market prices even higher than they would otherwise be. Price controls were last tried ...
