Warning

FCA warns against RTC finance/ Icon markets/ First World Consultants Limited cline firm

Reason: FraudulentComment: RTC finance/ Icon markets/ First World Consultants Limited is not authorised by the FCA but has been targeting people in the UK and carrying on regulated activities which require authorisation. Date: 16/10/2017Link: https://www.fca.org.uk/news/warnings/rtc-finance-icon-markets-first-world-consultants-limited-clone

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FCA warns against Loan 4 Help

Reason: Not Authorised or Registered Firm by FCAContent of Penalty: 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 Loan 4 Help.  Loan 4 Help, is not authorised by the FCA but has been targeting people in the UK and carrying on regulated activities which require authorisation. Date: ...

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FCA warns against Forest Advisory Service / Forest Hill Investments / Forest Hill Management

Reason: UnregulatedContent of Penalty: 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 Forest Advisory Service / Forest Hill Investments / Forest Hill Management. Forest Advisory Service / Forest Hill Investments / Forest Hill Management, is not authorised by the FCA but has been targeting people in ...

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Former executive chairman of Healthzone found guilty of fraud

Reason: Engangged in Fraudulent ActivitiesComment: Mr Roach will be sentenced on November 20. Content of Penalty: Mr Roach was charged with conspiracy to dishonestly obtain a director's loan of $1 million from the company. The $1 million was loaned to Healthzone by CBA for on-lending to Mr Roach to buy shares in Healthzone. Instead, Mr Roach used $900,000 of those funds ...

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ASIC concerns see Good to Go Loans Pty Ltd stop offering loan product

Reason: Non Regulatory Compliance Content of Penalty: ASIC's investigation identified that the loan product, called OACC2, was provided to consumers on terms which fell outside the definition of a small amount credit contract. However, on the same day consumers entered into an OACC2 loan, almost all of the OACC2 agreements were modified to repay the loan at higher regular repayment ...

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Lawyers Charged With Assisting a Microcap Fraud Scheme

Reason: Involved in a Fraudulent ActivityContent of Penalty: The Securities and Exchange Commission today charged two lawyers it alleges helped facilitate a microcap fraud scheme involving undisclosed “blank check” companies secretly bound for reverse mergers. Date: 11/10/2017Amount: 0.00Link: https://www.sec.gov/news/press-release/2017-194

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FCA warns against Way to Finance clone firm

Reason: Not Authorised or Registered Firm by FCAComment: Way to Finance is not authorised by the FCA but has been targeting people in the UK and carrying on regulated activities which require authorisation. Date: 11/10/2017Amount: –Link: https://www.fca.org.uk/news/warnings/way-finance-clone

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FCA warns against Alliance Trust Savings Limited clone Firm

Reason: Not Authorised or Registered Firm by FCAComment: Alliance Trust Savings Limited is not authorised by the FCA but has been targeting people in the UK and carrying on regulated activities which require authorisation. Date: 11/10/2017Amount: –Link: https://www.fca.org.uk/news/warnings/alliance-trust-savings-limited-clone

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Investment Adviser Charged in Multi-Million Dollar Options Trading Scheme

Reason: Lying to retail investors about the value of their investments in a Ponzi-like scheme.Comment: The SEC’s complaint charges Scronic with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Exchange Act of 1934 and Rule 10b-5 thereunder, as well as Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 ...

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