Monthly Archives: March 2018

FCA warns against KayaFX

Reason: UnregulatedComment: KayaFX has been providing financial services or products in the UK without being authorised by the FCA.Date: 30/03/2018Link: https://www.fca.org.uk/news/warnings/kayafx

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FCA warns against Verge Finance Private Lending

Reason: UnregulatedComment: Verge Finance Private Lending has been providing financial services or products in the UK without being authorised by the FCA.Date: 30/03/2018Link: https://www.fca.org.uk/news/warnings/verge-finance-private-lending

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FCA warns against Personal Loan Now clone firm

Reason: Unregulated, Fraudulent Comment: This firm is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm.Date: 30/03/2018Link: https://www.fca.org.uk/news/warnings/personal-loan-now-clone

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The Autorité des marchés financiers (AMF) is warning the public against several companies proposing atypical investments

Reason: UnregulatedContent of Penalty: The Autorité des marchés financiers (AMF) is warning the public against several companies proposing atypical investments without being authorized to do so The AMF is publishing a list of new unauthorized websites offering atypical investments. Here is the list of new websites recently identified: https://www.investissement.strategie-business.com/ https://uniondelor.fr/ https://www.101-carats.com/  https://www.brookfield99.com/ Date: 29/03/2018Link: http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee-2018?docId=workspace%3A%2F%2FSpacesStore%2Fe94d7cee-9abe-4249-9add-07c71de22ba8

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FINRA Fines Aegis Capital Corp. for Anti-Money Laundering and Supervision Rule Violations

Reason: Non CompliantContent of Penalty: The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Aegis Capital Corp. $550,000 for failing to have adequate supervisory and anti-money laundering (AML) programs tailored to detect "red flags" or suspicious activity connected to its sale of low-priced securities. FINRA found that Aegis’ supervisory system for trading in delivery versus payment (DVP) ...

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SEC: Broker-Dealer Admits It Failed to File SARs

Reason: MisconductComment: Aegis Capital Corporation, a New York-based brokerage firm, has admitted that it failed to file Suspicious Activity Reports (SARs) on numerous suspicious transactions.Content of Penalty: Broker-dealers are required to file SARs for certain transactions suspected to involve fraudulent activity or have no business or apparent lawful purpose.  The SEC’s order found that Aegis failed to file SARs on suspicious ...

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FCA warns against All Purpose Loans clone firm

Reason: Unregulated, Fraudulent Comment: All Purpose Loans is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm.Date: 29/03/2018Link: https://www.fca.org.uk/news/warnings/all-purpose-loans-clone

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FCA warns against Olsson Capital

Reason: UnregulatedComment: Olsson Capital has been providing financial services or products in the UK without being authorized by the FCA.Date: 28/03/2018Link: https://www.fca.org.uk/news/warnings/olsson-capital

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FCA warns against Blue Insurance UK (clone of authorised firm)

Reason: Unregulated, Fraudulent Comment: This firm is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm.Date: 27/03/2018Link: https://www.fca.org.uk/news/warnings/blue-insurance-uk-clone

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FCA warns against Credit Extra Cash/ CreditExtraCash clone of authorised firm

Reason: Unregulated, Fraudulent Comment: Credit Extra Cash/ CreditExtraCash is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm.Date: 27/03/2018Link: https://www.fca.org.uk/news/warnings/credit-extra-cash-clone

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