Monthly Archives: February 2018

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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FCA warns against TDC Property Development

Reason: UnregulatedComment: TDC Property Development 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/tdc-property-development

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SEC charged a former bitcoin-denominated platform a former bitcoin-denominated platform

Reason: Fraudulent, UnregulatedContent of Penalty: The Securities and Exchange Commission today charged a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users of that exchange.  The SEC also charged the operator with making false and misleading statements in connection with an unregistered offering of securities.    The SEC alleges that BitFunder and its founder ...

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ASIC banned former Charter Financial Planning adviser

Reason: AbuseContent of Penalty: ASIC has permanently banned Brenton John Poynter of Baulkham Hills, NSW, from providing financial services. Mr Poynter was an authorised representative of Charter Financial Planning Ltd (Charter) from June 2010 to June 2016 and provided financial advice regarding superannuation products to a number of elderly clients. ASIC found that from January 2015 to June 2016 Mr ...

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FCA warns against Chemmi Holdings t/a Max CFD

Reason: UnregulatedContent of Penalty: Chemmi Holdings t/a Max CFD  has been providing financial services or products in the UK without being authorised by FCA.  Date: 21/02/2018Link: https://www.fca.org.uk/news/warnings/chemmi-holdings-max-cfd

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FCA warns TSB Wealth Advisory clone firm

Reason: Unregulated, Fraudulent Comment: TSB Wealth Advisory is not authorised or registered by FCA but has been targeting people in the UK, claiming to be an authorised firm Content of Penalty: Sunshine Credit Date: 20/02/2018Link: https://www.fca.org.uk/news/warnings/tsb-wealth-advisory-clone

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CySEC fined ICFD Ltd

Reason: Non CompliantContent of Penalty: The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) informed the public that, at the meeting held on 13th November 2017, has decided to impose a total administrative fine of €138.000 to CIF ICFD Ltd for non-compliance with the following: 1. Section 6(8) of the Investment Services and Activities and Regulated Markets Law of ...

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ASIC disqualifies director from managing companies for five years

Reason: Abuse, MiscodunctContent of Penalty: ASIC has disqualified Mr Peter Kalos of Kurnell, NSW, from managing companies for the maximum period of five years as a result of his involvement in nine failed companies. ASIC found that Mr Kalos: improperly used his corporate position by causing assets to be transferred for little or no consideration to the detriment of unsecured ...

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SEC Suspends Trading in Three Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology

Reason: AbuseContent of Penalty:   The Securities and Exchange Commission today suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by Cherubim Interests Inc. (CHIT), PDX Partners Inc. (PDXP), and Victura Construction Group Inc. (VICT) claimed that ...

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FCA warns against Carina Asset Management / Sloane Court Capital / SS & Co Consultancy Limited

Reason: UnregulatedContent of Penalty: Carina Asset Management / Sloane Court Capital / SS & Co Consultancy Limited has been providing financial services or products in the UK without being authorised by FCA. Date: 20/02/2018Link: https://www.fca.org.uk/news/warnings/carina-asset-management-sloane-court-capital-ss-co-consultancy-limited

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