Brokes News

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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: nkumpikova@lyulinplaza.com 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

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CSSF warns against DBL Asset Management S.A.

The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named DBL Asset Management S.A. (website: www.dbl-am.org) which claims to be established at 11 rue René Weimerskirch, 2713 Luxembourg. The CSSF informs the public that DBL Asset Management S.A. is unknown to it and that the entity has not been granted any authorisation to provide investment or other financial services in or from Luxembourg. See article here: DBL Asset Management S.A.

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FCA warns against FCA Market - Financial Contract Authority

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 FCA Market - Financial Contract Authority. FCA Market - Financial Contract  Authority 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 Beaufort Securities clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Beaufort Securities. 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: Beaufort Securities

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Belize Regulator IFSC warns against Harvey Lennon (individual)

Belize Regulator IFSC warns against an individual called Harvey Lennon.  According to the IFSC, a person by the name of "Harvey Lennon" is falsely and fraudulently representing to hold a personal licence issued by IFSC for the carrying on of the business of Expert Advisor/ Consultancy/ Advisory for Trading in Foreign Exchange. IFSC has confirmed that ​Harvey Lennon is not regulated by the International Financial Services Commission of Belize or any other competent authority in Belize.

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Belize Regulator IFSC warns against Birch Stones Limited

Belize Regulator IFSC warns against Birch Stones Limited. According to IFSC, an International Business Company registered in Belize, operating with trading name Bitlio, is offering Bitcoin wallet services which allow its clients to buy, sell, store and trade bitcoins. IFSC confirm that this entity is not licensed by the International Financial Services Commission of Belize or any other competent authority in Belize.   See the article here: Birch Stones Limited

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Belize Regulator IFSC warns against Ferdinald Hill (individual)

Belize Regulator IFSC warns against an individual called Ferdinald Hill.  According to the IFSC, a person by the name of "Ferdinald Hill" is falsely and fraudulently representing to hold a personal licence issued by IFSC for the carrying on of the business of Trading in financial and commodity based derivative and other securities. IFSC has confirmed that Ferdinald Hill is not regulated by the International Financial Services Commission of Belize or any other competent authority in Belize.   See the article here: Ferdinald Hill  

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The Autorité des marchés financiers (AMF) warns the public against the activities of “Naftoil”

Following a number of questions from savers about Naftoil, the AMF draws the attention of the public to the activities of this company and its director Mr Raphaël Comté. This company is not authorized by the AMF to provide investment services.   See article here.

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International Financial Services Commission of Belize (IFSC) warns against Real Markets Live

Belize financial regulator IFSC has issued a Warning Notice regarding a company called Real Markets Live.  An entity calling itself “Real Markets Ltd” aka RealMarketsLive, with its business address at Schweigaards Gate 5, 0185 Oslo, Norway, operating under domain name, http://realmarketslive.com is falsely and fraudulently purporting to be licensed by the IFSC for the carrying on of the business of trading in securities and forex. See the article here.

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FCA warns against Financial Point clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Financial Point . 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: Financial Point 

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FCA warns against Positive Lending clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Positive Lending. 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: Positive Lending