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FCA warns against CAL Investments Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm CAL Investments LTD. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: CAL Investments LTD

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FCA warns against AMAC Mortgages & Loan clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm AMAC Mortgages & Loan. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: ​AMAC Mortgages & Loan

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FCA regulated Tickmill acquired CySEC licensed Vipro Markets.

FCA-regulated online retail brokerage Tickmill has just announced a new acquisition deal. The company has agreed to buy a majority stake in Cypriot brokerage Vipro Markets. As part of the deal, Tickmill will inject $2.2 million into the share capital of Vipro Markets. The deal comes on the heels of increased scrutiny on the retail trading industry across the European Union. Tickmill Group will add a new license to its portfolio, since Vipro Markets is regulated by the Cyprus Securities and Exchange Commission. Aside from expanding the client base of the group, the deal is likely to insulate Tickmill from a hard Brexit scenario. The deal is not going to affect clients of Tickmill, while the company will be closely working with the staff of Vipro Markets to ensure smooth integration of operations. Tickmill CEO Duncan Anderson commented: This is an exciting new chapter for Tickmill and one that will open up many opportunities to create extra value for clients of both of the companies.  Tickmill has become a globally recognised broker among smart algorithmic traders and I am confident that the existing clients of Vipro Markets will very much appreciate being part of a bigger and stronger Tickmill Group which will deliver new products and services at a much faster pace under our regulated entities in the United Kingdom, Cyprus and Seychelles.

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CNMV Issues warning to the public against on unregistered firm

Pursuant to the second paragraph of Article 17 of the Securities Markets Law (recast text approved by Royal Legislative Decree 4/2015, of 23 October), the Comisión Nacional del Mercado de Valores (National Securities Market Commission) warns that: CAPITAL MARKETS BANC JOSHUA CONSULTING LTD JOSHUA DEVELOPMENT LIMITED  is not authorised to provide the investment services.   See the article here.  

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Spain Regulator CNMV warns against SMART CHOICE ZONE LP

Pursuant to the second paragraph of Article 17 of the Securities Markets Law (recast text approved by Royal Legislative Decree 4/2015, of 23 October), the Comisión Nacional del Mercado de Valores (National Securities Market Commission) warns that: SMART CHOICE ZONE​ is not authorised to provide the investment services.   See the article here: SMART CHOICE ZONE LP

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Spain Regulator CNMV warns against MARKETIER HOLDING LIMITED

Pursuant to the second paragraph of Article 17 of the Securities Markets Law (recast text approved by Royal Legislative Decree 4/2015, of 23 October), the Comisión Nacional del Mercado de Valores (National Securities Market Commission) warns that: MARKETIER HOLDING LIMITED  is not authorised to provide the investment services.   See the article here: MARKETIER HOLDING LIMITED  

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CFTC Approves Delegated Authority Provisions for Designated Contract Markets

The U.S. Commodity Futures Trading Commission (CFTC) today announced final rules delegating authority to CFTC staff, under the agency’s system safeguards rules, to notify each designated contract market (DCM) annually of whether it is a “covered DCM” as that term is defined in CFTC Regulation 38.1051(h)(1). This annual notice will also inform each DCM of its percentage of the total annual trading volume among all DCMs regulated by the CFTC. A covered DCM is a DCM whose annual trading volume in a given year is five percent or more of the combined annual trading volume of all DCMs. Covered DCMs are required to comply with enhanced requirement concerning the frequency of its cybersecurity testing and its use of independent contractors to perform some of that testing. The final rules delegate the authority to provide this notice to the Director of the CFTC’s Division of Market Oversight or another employee or employees as the Director may designate. These final rules will be effective upon their publication in the Federal Register.

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FCA warns against Grande Capital Partners clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Grande Capital Partners. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: Grande Capital Partners

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AMF warns against a number of forex investments that are not authorised

The AMF and the ACPR have published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the list of new websites recently identified: - www.1875-financeinvest.com / 1875 FINANCE INVEST - www.londonbcapital.com / LONDON B CAPITAL - www.fxandco.com / GLOBE AND CO LTD - www.startmarkets.com / STARTMARKETS - www.cbre-securityplace.com / CBRE-SECURITYPLACE A list of all unauthorized websites to offer investments on the unregulated foreign exchange (Forex) market is available in the AMF’s website (section: Espace Épargnants > Protéger son épargne > Listes noires) and Assurance Banque Épargne Info Service - ABE IS's website (section: Actualités et alertes > Alertes). These websites may change very quickly and this list is not intended to be exhaustive. To ensure that the intermediary offering banking or financial products or services is authorised to operate in France, you can view the register of financial agents (https://www.regafi.fr) or the list of authorised intermediaries in the financial investment advisor (FIA) or participating investment advisor (PIA) categories (https://www.orias.fr/search). If the intermediary in question is not on any of the last two lists, we strongly recommend that you should not make use of their services, as they are in breach of the applicable legislation and are not required to comply with basic rules of investor protection, information disclosure and claims handling.

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FCA warns against Instant Lolly clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Instant Lolly. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here:  Instant Lolly

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AMF issues a public warning against the activities of unauthorised websites offering diamond investments

The AMF is publishing a list of new websites offering diamond investments, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: http://4cpatrimoine.com/ http://blue-diamond-invest.com/ http://boursediam.com/ https://www.diamond-expertise.com/ https://www.group-diamonds.com/ http://www.groupesaphir.net/ https://www.infinitediamond.com/ https://lacentraledudiamant.com/  http://www.luxydiamonds.com/ https://netfinancediams.com/ http://pearl-diamonds.com/ https://placedudiamant.com/ https://thebank-of-diamond.com/  https://www.valeur-diamant.com/ https://vendomeprestige.com/ A list of all unauthorized websites to offer diamond investments is available in the AMF’s website (section: Espagne Epargnants > Protéger son épargne > Listes noires) and Assurance Banque Épargne Info Service – ABE IS's website (section: Actualités et alertes > Alertes). These websites may change very quickly and this list is not intended to be exhaustive   See the article here.

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CySEC and Bulgarian FSC warn against Interactive Company JSC (formely Global Markets JSC)

The Cyprus Securities and Exhange Commision (CySEC) issued a warning to inform investors regarding the following decision by the Bulgarian Financial Supervision Commission (FSC), concerning Interactive Company JSC (formerly Global Markets JSC), and the procedure which clients who are to make claims against it, should follow, not later than 30th September 2017: A prohibition upon Tsvetan Ivanov Borisov to manage and act as representative of Interactive Company JSC (formerly Global Markets JSC) for a period of three months as of the date of the Decision. 2. Appointment of a questor (administrator) of Interactive Company JSC (formerly Global Markets JSC) for a period of three months as of the date of the Decision. The main tasks of the questor are as follows: To notify the clients of Interactive Company JSC (formerly Global Markets JSC), who had entered into agreements with the company prior to the date of its license revocation (14 July 2014), of the Decision and their statutory right to designate another investment intermediary/bank account, where their financial instruments, monies or other assets would be transferred. To initiate a procedure, whereby the outstanding monetary relationships created as between Interactive Company JSC (formerly Global Markets JSC) and its clients and all state and municipal authorities prior to the date of its license revocation (14th of July 2014) be settled. To identify all assets, property of the company including monies, financial instruments, real estates, etc. To identify all bank accounts, held by Interactive Company JSC (formerly Global Markets JSC) for their own and their customers’ assets. for the purposes of notifying all clients of Interactive Company JSC (formerly Global Markets JSC) of their legal right to contact the appointed questor and settle their contractual relationships, created prior to 14th July 2014. ​ All clients, who are to make claims against Interactive Company JSC (formerly Global Markets JSC), should provide the appointed questor with all documents in evidence of the existence of the said contractual relations until but not later than 30th September 2017 at the following address: Mrs. Natalia Angelova Kumpikova Republic of Bulgaria, 1000 Sofia, 1 Slaveykov Sq., entr. A, 2nd floor E-mail: [email protected] Tel.: +359 2 980 75 77

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FCA warns against Speed Finance UK clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Speed Finance UK. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: Speed Finance UK

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FCA warns against National Debt Help clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm National Debt Help. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: National Debt Help.

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FCA warns against Adexec Worldwide Financial Services clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Adexec Worldwide Financial Services. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: Adexec Worldwide Financial Services.

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The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of unauthorized lenders

The Financial Services and Markets Authority (FSMA) warns the public once again against the fraudulent activities of unauthorized lenders approaching consumers who are looking for credit.   The FSMA regularly receives questions from consumers about the trustworthiness of 'lenders' who approach them via the internet with an attractive offer of credit. Moreover, consumers are often contacted unsolicited via email or social media with offers of credit. Such messages are for the most part simply spam.   See article here:  FRAUDULENT CREDIT OFFERS  

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The Autorité des marchés financiers (AMF) warns against unauthorized websites offering binary options trading

 The AMF is publishing a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: www.barclays-trading-invest.com www.binarymate.com www.finrally.com A list of all unauthorized websites to offer trading of binary options is available in the AMF’s website (section: Espagne Epargnants > Protéger son épargne > Listes noires) and Assurance Banque Épargne Info Service – ABE IS's website (section: Actualités et alertes > Alertes). These websites may change very quickly and this list is not intended to be exhaustive. To ensure that the intermediary offering banking or financial products or services is authorised to operate in France, you can view the register of financial agents (https://www.regafi.fr) or the list of authorised intermediaries in the financial investment advisor (FIA) or participating investment advisor (PIA) categories (https://www.orias.fr/search). If the intermediary in question is not on these lists, we strongly recommend that you should not make use of their services, as they are in breach of the applicable legislation and are not required to comply with basic rules of investor protection, information disclosure and claims handling.   See the article here.

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Nasdaq Stockholm fines the Marketing Group PLC SEK 595,546

The Disciplinary Committee of Nasdaq Stockholm has found that The Marketing Group PLC (“The Marketing Group” or “the Company”) has breached the regulations of Nasdaq First North (“the Rule Book”) in several respects and, accordingly, has imposed a fine on The Marketing Group amounting to two annual fees, corresponding to an amount of SEK 595,546. The Disciplinary Committee finds that The Marketing Group has breached the Rule Book on several occasions during 2016 and 2017. From July 18-25, 2016, the Exchange noted a significant increase in the Company’s share price. Following two contacts with the Company, the latest on July 25, 2016, the Company informed the Exchange that there was no inside information within the Company that could explain the price fluctuation. However, later on July 25 at 6:08 p.m., The Marketing Group issued a press release announcing the completion of an acquisition that represented a watershed event for the Company because it had now entered the US market. The press release had a positive effect on the share price. Therefore, according to the Disciplinary Committee, the Company has not complied with its obligation to immediately inform the Exchange and the Certified Adviser about any circumstances that might necessitate a trading halt, and thereby breached Rule 4.7 (e) of the Rule Book. During July and August in 2016, the Company’s executive Chairman, also a major shareholder, made several statements about the Company and its share price on Twitter. According to the Disciplinary Committee, the statements made by the Chairman were highly inappropriate and misleading for the stock market. The statements made on August 25, 2016 also affected the Company’s share price. The refusal by a listed company’s Chairman to comply with the requests of the Exchange and the Company’s Certified Advisers to stop making such Tweets is damaging to the public confidence in the Exchange, Nasdaq First North and the securities market in general. The Disciplinary Committee therefore finds that the Company has breached Rule 7.2.1 of the Rule Book, Appendix B. On the morning of January 26, 2017, the Company decided to cancel three previously announced acquisitions, which constituted inside information and therefore required disclosure as soon as possible. The press release was issued at 7:00 a.m. on January 27 – 22 hours after the decision to cancel the acquisitions was made. Such a time period cannot be considered consistent with the duty to publicly disclose inside information “as soon as possible.” The Disciplinary Committee therefore finds that the Company has breached Rule 4.1 of the Rule Book. Finally, in light of the above violations, the Disciplinary Committee finds that The Marketing Group’s organization and staffing for information disclosure has been inadequate and that the Company has therefore not complied with Rule 2.2.4 of the Rule Book. Considering the Company’s ongoing strengthening of its organization, the Disciplinary Committee has limited the fine to an amount corresponding to two annual fees.

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FCA warns against Asset Consulting / Consultant Services

UK Financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA's latest warning is against the firm Asset Consulting / Consultant Services. Asset Consulting / Consultant Services. is not authorised by the FCA but has been targeting people in the UK and carrying on regulated activities which require authorisation. See the article here.

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FCA warns against Rathbone Brothers clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Rathbone Brothers. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: Rathbone Brothers