Monthly Archives: November 2017

FCA warns against ADN UK Finance

Reason: Unregulated, Fraudulent Comment: ADN UK Finance is not authorised or registered by the FCA but has been targeting people in the UK claiming to be an authorised firm. Date: 29/11/2017Link: https://www.fca.org.uk/news/warnings/adn-uk-finance-adn-uk-adn-adn-uk-loans-clone

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FCA warns against Michael Ullrich Hartmann (Clone of EEA Authorised Firm)

Reason: Unregulated, Fraudulent Comment: Michael Ullrich Hartmann is not authorised or registered by the FCA but has been targeting people in the UK claiming to be an authorised firm. Date: 29/11/2017Link: https://www.fca.org.uk/news/warnings/michael-ullrich-hartmann-clone-eea-authorised-firm

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FSMA warns against Ashida Associates

Reason: UnregulatedContent of Penalty: The Financial Services and Markets Authority (FSMA) warns the public against the activities of Ashida Associates, a company that offers investment services. Ashida Associates is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium. Date: 29/11/2017Link: https://www.fsma.be/en/warnings/ashida-associates-wwwashidaassociatescom

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FSMA warns against Sapporo International

Reason: UnregulatedContent of Penalty: The Financial Services and Markets Authority (FSMA) warns the public against the activities of Sapporo International, a company that offers investment services. Sapporo International is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium. Date: 29/11/2017Link: https://www.fsma.be/en/warnings/sapporo-international-wwwsapporointernationalcom

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FSMA warns against Tokai National Partners

Reason: UnregulatedContent of Penalty: The Financial Services and Markets Authority (FSMA) warns the public against the activities of Tokai National Partners, a company that offers investment services. Tokai National Partners is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium. Date: 29/11/2017Link: https://www.fsma.be/en/warnings/tokai-national-partners-wwwtnpsecuritiescom

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Volkswagen Financial Services Australia penalized for misleading advertising

Reason: AbuseComment: Volkswagen Financial Services Australia Pty Ltd (ACN 097 071 460) (VWFSA) has paid a penalty of $216,000 after ASIC issued 20 infringement notices for alleged misleading statements made by VWFSA as part of its ‘1% you can’t ignore’ advertising campaign. Date: 28/11/2017Amount: 216,000 Link: http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-410mr-volkswagen-financial-services-australia-pays-216-000-penalty-for-misleading-advertising/

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Suspension of Fast Track Examination scheme for the examination of applications for CIF authorisation by CySEC

The Cyprus Securities and Exchange Commission (CySEC) earlier today informed all interested parties, that, it decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the assessment of applications for granting a Cyprus Investment Firm authorisation in accordance with Section 21 of the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). The CySEC reached the ...

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FCA warns against MBQ International Incorporated

Reason: UnregulatedComment: MBQ International Incorporated has been providing financial services or products in the UK without FCA’s authorisation. Date: 23/11/2017Link: https://www.fca.org.uk/news/warnings/mbq-international-incorporated

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FCA warns against DuetInvest clone firm

Reason: Fraudulent, UnregulatedComment: DuetInvest is not authorised or registered by the FCA but has been targeting people in the UK claiming to be an authorised firm.Date: 23/11/2017Link: https://www.fca.org.uk/news/warnings/duetinvest-clone

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