Monthly Archives: February 2018

FCA warns against Ash Loans clone of FCA authorised firm

Reason: Unregulated, Fraudulent Comment: Ash Loans is not authorised or registered by FCA but has been targeting people in the UK, claiming to be an authorised firm Date: 28/02/2018Link: https://www.fca.org.uk/news/warnings/ash-loans-clone-fca-authorised-firm

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FCA warns against Mitchell Bloch Law Firm

Reason: UnregulatedComment: Mitchell Bloch Law Firm has been providing financial services or products in the UK without being authorised by FCA.Date: 28/02/2018Link: https://www.fca.org.uk/news/warnings/mitchell-bloch-law-firm

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Admiral Markets warns against of fraudulent clone website admiral-cyrpto.com

FCA regulated Retail FX and CFDs broker Admiral Markets UK LTD, has issued a warning on its website, regarding a company calling itself Admiral Crypto at website domain admiral-crypto.com The clone entity site is in French and English and claims to offer cryptocurrency trading services and also claims to be an entity of Admiral Markets UK, Ltd and states that ...

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The FCA fines Vanquis and orders Vanquis to pay compensation to customers

Reason: Abuse, MiscodunctComment: The Financial Conduct Authority (FCA) has today imposed a fine of £1,976,000 on credit card lender, Vanquis, for failing to disclose the full price of an add-on product, called Repayment Option Plan (ROP).Content of Penalty: The Financial Conduct Authority (FCA) has today imposed a fine of £1,976,000 on credit card lender, Vanquis, for failing to disclose the ...

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The FSMA warns the public about cryptocurrency trading platforms

Reason: FraudulentContent of Penalty: As indicated in its warning of 22 February 2018, the FSMA receives increasing numbers of complaints about trading platforms that claim to be active in the cryptocurrency sector.  The FSMA has put together a list of cryptocurrency trading platforms about which it has received questions/complaints from consumers and has identified signs of fraud. ​​ www.01crypto.net www.btc-cap.com ...

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ASIC bans former Westpac and NAB financial adviser

Reason: AbuseComment: ASIC has banned Brisbane based financial adviser Christopher Ramsay from providing financial services for a period of five years for failing to act in the best interests of his clients, and giving advice that was not appropriate.Content of Penalty: ASIC found that Mr Ramsay failed in his obligations when he provided advice to his Westpac and NAB-subsidiary GWM ...

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FCA warns against solidcfd.com

Reason: UnregulatedComment: solidcfd.com has been providing financial services or products in the UK without being authorised by FCA.Date: 26/02/2018Link: https://www.fca.org.uk/news/warnings/solidcfdcom

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FCA warns against Teramusu

Reason: UnregulatedComment: Teramusu has been providing financial services or products in the UK without being authorised by FCA.Date: 26/02/2018Link: https://www.fca.org.uk/news/warnings/teramusu

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ASIC bans Perth advisor for five years

Reason: AbuseContent of Penalty: The Australian Securities and Investments Commission (ASIC) has banned Perth-based financial adviser Philip Leake from providing financial services for a period of five years. ASIC found that Mr Leake failed to act in his clients' best interests when providing advice on life insurance. ASIC's surveillance of Mr Leake found that he had not considered his clients' circumstances ...

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FCA warns against Neo Finance Limited

Reason: UnregulatedComment: Neo Finance Limited has been providing financial services or products in the UK without being authorised by FCA.Date: 23/02/2018Link: https://www.fca.org.uk/news/warnings/neo-finance-limited

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