Search Results for: Financial Conduct Authority
UK Serious Fraud Office to launch forex market manipulation probe
July 21st, 2014
The UK’s Serious Fraud Office (SFO) is reportedly planning to launch the criminal investigation into alleged manipulation of the $5.3trn-a-day foreign-exchange (forex) market. Unnamed sources with the knowledge of matter were quoted by The Financial Times as saying that ...
UK banks face break-up threat as watchdog plans competition probe
July 18th, 2014
Britain’s big banks could be broken up after the country’s new competition watchdog said it plans to launch an 18-month investigation into services for small business customers and personal current accounts. The Competition and Markets Authority (CMA) said on ...
FCA warning against clone firms
July 14th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that “Castle Finance Direct” and “www.bridgingloansfinder.co.uk” are clone firms, thus, are not permitted to provide any financial services or products. Furthermore, FCA points out ...
U.S. prosecutors offer junior UK traders immunity in forex probe
July 14th, 2014
Prosecutors from the U.S. Department of Justice are offering immunity deals to junior traders in London as they continue to investigate the alleged rigging of foreign exchange rates by banks and senior traders, the Financial Times reported, citing sources. ...
ayondo Opens Office in Singapore
July 11th, 2014
The ayondo group announced that it has opened an office in Singapore, the ayondo Asia PTE Ltd, following its strategist expansion worldwide. The holding company, which operated as an investment group under the name Next Generation Finance until April ...
UK banks paying $2 billion for swaps mis-selling: regulator
July 11th, 2014
Britain’s banks are in the process of paying out 1.2 billion pounds ($2 billion) to compensate small businesses who were mis-sold complex interest rate hedging products, data from the UK financial regulator showed on Friday. Almost 30,000 cases have ...
Netagio Launches Exchange for Gold, Sterling and Bitcoin Traders
July 11th, 2014
Bitcoin storage firm Netagio has today launched an exchange that allows users to trade bitcoin, pounds sterling and gold. The exchange offers users three order-books, allowing trades between bitcoin and gold, bitcoin and sterling, and gold and sterling. “ ...
FCA warning against unauthorised firm
July 8th, 2014
The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning informing the investors that “Anglo Wealth Limited t/a Anglo Wealth Investments” (www.anglowealth.com) is not permitted to provide any financial services or products. FCA points out that ...
U.K. Stocks, Power-Tax Rebates, Bonus Remarks: Compliance
July 7th, 2014
Britain’s markets regulator should investigate whether the closing prices of stocks are being manipulated, according to lawmakers. Conservative Mark Garnier pressed for the investigation by the Financial Conduct Authority at a July 3 hearing of the Treasury Committee in ...
WiFi provider Gowex goes bankrupt and admits falsifying accounts
July 7th, 2014
One of the brightest stars of the Madrid stock market came crashing down to earth on Sunday, after WiFi provider Gowex was forced to declare bankruptcy and admit that its chief executive and founder had falsified the company’s accounts ...
