Monthly Archives: January 2018

Windsor Brokers announces new logo change teaser

BrokersWatch.com has learned that Windsor Brokers, a Cypriot forex broker that has been in business since 1988, is planning to change their logo. Clients were informed via an email message and were treated to a sneak preview of the new logo. The broker has no mention of this on its website and we guess that they are trying to be ...

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ASIC bans former Commonwealth Financial Planning adviser for 5 years

Reason: Misconduct, abuseContent of Penalty: ASIC has banned Kimberley Holgate, of Wagga Wagga, NSW, from providing financial services for five years.  Ms Holgate was an authorised representative of Commonwealth Financial Planning Limited (CFPL) from January 2014 to October 2015. ASIC found that Ms Holgate: engaged in conduct that was likely to mislead by cutting clients' signatures from documents held on ...

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FCA warns against Karel Besta / KB Financial Solutions clone of EEA authorised firm

Reason: Unregulated, Fraudulent Comment: Karel Besta / KB Financial Solutions is not authorised or registered by the FCA but has been targeting people in the UK claiming to be an authorised firm.Date: 17/01/2018Link: https://www.fca.org.uk/news/warnings/karel-besta-kb-financial-solutions-clone-eea-authorised-firm

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Alibaba Quietly Launched a Cryptocurrency Mining Platform

According to some new reports, Alibaba might be interested in entering the cryptocurrency mining market. A local media report claimed that the giant Chinese e-commerce and tech giant has launched a cryptocurrency mining platform. The news first reported by Tencent News (a Chinese local news agency that the new platform is called 'P2P Nodes' and that the platform was registered ...

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BitConnect Platform Shuts Down Following Regulatory Warnings

BitConnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it's shutting down.  The company, will close in 5 days according to their announced on its website published on Tuesday. “In short, we are closing lending service and exchange service while BitConnect.co website will operate for wallet ...

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FCA warns against Prime Admin Services

Reason: UnregulatedComment: Prime Admin Services has been providing financial services or products in the UK without being authorised by FCA.Date: 16/01/2018Link: https://www.fca.org.uk/news/warnings/prime-admin-services

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Admiral Markets is Introducing Free Credit Card Payments

Admiral Markets announced that deposits via credit card will now also be handled as cheaply as possible – 100% free! Starting from 15 January 2018, all credit card payments will be made absolutely free! Admiral Markets shared that has made this step because Forex and CFD order execution is usually counted in milliseconds, but deposits via bank may take up ...

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FCA warns against SkyBlue Capital

Reason: Unregulated Comment: SkyBlue Capital has been providing financial services or products in the UK without being authorised by FCA.Date: 15/01/2018Link: https://www.fca.org.uk/news/warnings/skyblue-capital

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CFTC Charges Blue Guru Trading, LLC, with Fraud

Reason: FraudulentContent of Penalty: The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action on January 12, 2018, in the U.S. District Court for the Northern District of Illinois, charging Defendants Richard D. Carter of Mundelein, Illinois, Mark R. Slobodnik of Libertyville, Illinois, and their company Blue Guru Trading, LLC (Blue Guru), a Delaware limited liability company, with fraudulent solicitation, issuing false ...

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FCA warns against EasyPro

Reason: Unregulated, Fraudulent Comment: EasyPro has been providing financial services or products in the UK without being authorised by FCA.Date: 12/01/2018Link: https://www.fca.org.uk/news/warnings/easypro-loans

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