Category: Regulations

The FSMA warns the public against EA World FX, a company that is offering so-called ‘Expert Advisors’ or ‘EAs’ used to trade in forex-derivatives in Belgium. An Expert Advisor is a type of software that tells you when to make certain trades or even carries them out for you automatically, based on preprogrammed parameters. The […]

On 31 March 2022, BaFin imposed an administrative fine amounting to 165,000 euros on Wellington Management Group LLP. The sanction related to a breach of section 130 (1) of the German Act on Breaches of Administrative Regulations (Ordnungswidrigkeitengesetz – OWiG) in conjunction with section 33 (1) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG). […]

Ahead of the hearings on 23 and 24 May regarding Amigo Loans’ proposed Scheme of Arrangement (the Scheme), we have written to the firm to confirm that we do not intend to attend the hearings to oppose its proposals. The purpose of the Scheme is to deal with the firm’s redress liabilities. The firm’s Scheme […]

We have removed permissions from Semantic Business Services Ltd. That means it is no longer permitted to carry out any regulated activities. Semantic had two regulated activities: Secondary credit broking and Agreeing to carry on a regulated activity. Any investments with Semantic may not be protected, and you could lose all your money if you invest with […]

In a notice dated 08. April 2022, BaFin prohibited the mandatory offer made by Astutia Venture Capital AG, Walzenhausen, Switzerland, to the shareholders of ECHOS Holding AG, Frankfurt am Main, as announced in the German Federal Gazette (Bundesanzeiger) on 23. February 2022. This action was taken on the basis of section 15 (1) of the […]

Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. Court for the Southern District of New York entered an order and a final judgment against Danish resident Casper Mikkelsen, a/k/a Carsten Nielsen, a/k/a Brian Thomson, a/k/a Thomas Jensen, a/k/a Casper Muller, permanently prohibiting him from trading commodity interests, and ordering him to […]

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Montréal – The Canadian Securities Administrators (CSA) today published proposed amendments to implement an access equals delivery model for prospectuses generally, annual financial statements, interim financial reports and related management’s discussion & analysis (MD&A) for non-investment fund reporting issuers.  “We recognize that electronic access to documents facilitates more efficient communication with investors than paper delivery, […]

April 07, 2022 Washington, D.C. — The Commodity Futures Trading Commission today announced that Judge Steven C. Seeger of the U.S. District Court for the Northern District of Illinois issued final judgments and consent orders against James Vorley and Cedric Chanu, former precious metals traders, for spoofing and engaging in a deceptive or manipulative scheme, in […]

Washington, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Middle District of Florida entered an order for permanent injunction, monetary sanctions, and equitable relief against Alan Friedland of Florida and his Florida-based companies, Fintech Investment Group, Inc. (Fintech), and Compcoin LLC, for fraudulently soliciting customers to purchase a […]