Category: Regulations

The Financial Conduct Authority (FCA) is today writing to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, it is important that firms act now to make […]

Washington, D.C. — The Commodity Futures Trading Commission today announced that the U.S. District Court for the Central District of California entered a consent order on June 7 for a permanent injunction, monetary sanctions, and equitable relief against Daniel Hewko of Fort Bragg, California.  The consent order resolves the CFTC’s claims against Hewko in the […]

Montreal – As part of World Elder Abuse Awareness Day (WEAAD) on June 15, 2022, the Canadian Securities Administrators (CSA) is launching a public awareness campaign focused on helping older adults identify and protect themselves against financial abuse and scams.  Financial abuse is the most common form of elder abuse and can become more pervasive […]

Your career at FCNB is enriched with daily opportunities to learn, innovate, and grow professionally in a supportive, stimulating, and flexible workplace. We offer a competitive total compensation package and exciting opportunities for professional development. We support our employees in maintaining their professional designations and provide technical updates on a continual basis for many of […]

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about the arbitration and mediation processes involving a customer dispute with a broker-dealer.  The Financial Industry Regulatory Authority (“FINRA”) provides the main forum for resolving securities-related disputes between customers and broker-dealers.  Arbitration and mediation are two distinct ways […]

Notice Comments Summary FINRA has adopted amendments to Rule 6732 (Exemption from Trade Reporting Obligation for Certain Transactions on an Alternative Trading System) to expand the scope of the exemption to include eligible ATS transactions that involve only one member (other than the ATS). As amended, a member ATS may apply for the exemption for […]

Montreal – The Canadian Securities Administrators (CSA) today announced the appointment of Stan Magidson, Chair and CEO of the Alberta Securities Commission (ASC), as Chair of the CSA for a three-year term, effective July 1, 2022.  Mr. Magidson succeeds Louis Morisset, President and CEO of the Autorité des marchés financiers who has served as the […]

The Financial Services and Markets Authority (FSMA) has published a new edition of its quarterly dashboard of Belgian public open-ended investment funds, generally referred to as investment funds. The overview presented in this dashboard covers the first quarter of the year 2022. This press release is not available in English. Please consult the French or Dutch site. Source: FSMA

On 6 October 2020, the FCA published a Warning against BubbleXT, a firm we believe may be providing financial services or products in the UK without our authorisation.  The FCA has become aware that consumers are still being targeted by scammers who have set up ‘recovery rooms‘ with promises of returning their funds for a […]

Banks and building societies will need to assess the impact of changes to their services, for example shorter branch opening times, under updated guidance proposed by the Financial Conduct Authority (FCA). The FCA is also consulting on requirements for more detailed analysis on how firms assess the impact on customers when they plan to close […]