Warning

SFC reprimands and fines CN Capital Management Limited and responsible officers for regulatory breaches

Reason: Non CompliantContent of Penalty: The Securities and Futures Commission (SFC) has reprimanded CN Capital Management Limited (CN Capital) and fined it $1,000,000 for failing to maintain an effective compliance function and satisfactory internal controls concerning employee account dealing (Note 1). The SFC has also reprimanded its responsible officers, Mr George Chan Yee Lee and Mr Stephen Ng Wing Leung ...

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IFSC warns against GNT Group Limited

Reason: UnregulatedComment: GNT Group Limited is not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the IFSC ACT in or from within Belize. Date: 24/04/2018Link: https://www.ifsc.gov.bz/warning-notice-gnt-group-limited/

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CNMV warns against unregistered companies

Reason: UnregulatedComment: BALI LIMITED LTD WINMORE ALLIANCE www.pointinvestmentgroup.com is not authorised to provide the investment services detailed in Article 140 of the Securities Market Law.Date: 24/04/2018Link: http://www.cnmv.es/Portal/verDoc.axd?t={1b4700b6-0168-4c41-be85-e72674302350}

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SEC Charges Additional Defendant in Fraudulent ICO Scheme

Reason: FraudulentContent of Penalty: The Securities and Exchange Commission today announced additional fraud charges stemming from an investigation of Centra Tech Inc.’s $32 million initial coin offering.  In an amended complaint filed today, the SEC charged one of Centra’s co-founders, Raymond Trapani, in a fraudulent scheme related to Centra’s 2017 ICO, in which the company issued “CTR Tokens” to investors. ...

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FCA warns against New Power Gen Ltd t/a Strategy Markets

Reason: UnregulatedComment: This firm has been providing financial services or products in the UK without being authorised by the FCA.Date: 23/04/2018Link: https://www.fca.org.uk/news/warnings/new-power-gen-ltd-t-strategy-markets

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FCA warns against Delta Capital Markets / ADT Group Ltd

Reason: UnregulatedComment: This firm has been providing financial services or products in the UK without being authorised by the FCA.Date: 23/04/2018Link: https://www.fca.org.uk/news/warnings/delta-capital-markets-adt-group-ltd

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FCA warns against Capzone Invest Ltd t/a HQ Broker

Reason: UnregulatedComment: This firm has been providing financial services or products in the UK without being authorised by the FCA.Date: 23/04/2018Link: https://www.fca.org.uk/news/warnings/capzone-invest-ltd-t-hq-broker

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FCA warns against Trade Korea 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: 23/04/2018Link: https://www.fca.org.uk/news/warnings/trade-korea-clone

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FCA warns against Reyker Securities clone firm

Reason: Fraudulent, UnregulatedComment: 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: 23/04/2018Link: https://www.fca.org.uk/news/warnings/reyker-securities-clone

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FCA warns against AMP Capital Investors (UK) Limited clone firm

Reason: Fraudulent, UnregulatedComment: 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: 23/04/2018Link: https://www.fca.org.uk/news/warnings/amp-capital-investors-uk-limited-clone

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