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Regulation

FCA Issues Warning Against Clone Firm Westpac Bank of London

  • Westpac Bank of London is operating as a clone of Westpac Banking Corporation.
Wednesday, 14/03/2018 | 15:20 GMT by Finance Magnates Staff
Regulation

New Zealand’s FMA Warns Five Businesses Over Lack of AML and CFT Auditing

  • The formal warnings have been issued, to entities that did not comply with demands of the AML/CFT Act.
Monday, 12/03/2018 | 09:36 GMT by Finance Magnates Staff
Regulation

Danish FSA Issues Warning Against Two Unauthorized Brokers

  • The companies were providing financial services in Denmark without authorization.
Friday, 02/03/2018 | 14:34 GMT by Finance Magnates Staff
Regulation

Central Bank of Ireland Warns of Unlicensed Firm, Global Ace Investment Ltd

  • The warning was issued in response to the company's unauthorized operations in Ireland.
Thursday, 22/02/2018 | 11:52 GMT by Finance Magnates Staff
Regulation

BCSC Advises Caution in Investing with Cryp Trade

  • Cryp Trade has been targeting British Columbia residents through advertisements, despite not being licensed by the BCSC.
Thursday, 22/02/2018 | 07:58 GMT by Finance Magnates Staff
Regulation

Italy’s CONSOB Warns Investors of Several Unregistered Brokerages

  • Some of these brokers have been listed as trading scams by other European ‎financial regulators. ‎
Monday, 19/02/2018 | 15:24 GMT by Aziz Abdel-Qader
Regulation

FCA Alerts Traders to Yet Another Unauthorised Broker, Blacklists XMarkets

  • The FCA has waged war on unregistered online trading firms and clone ‎companies‎.
Wednesday, 14/02/2018 | 19:19 GMT by Aziz Abdel-Qader
Regulation

Japan’s MoF Issues Warnings over Investment Firm and Questionable ICO

  • The warning encompasses both an illegitimate investment firm, as well as a blockchain company attempting to issue a questionable ICO.
Tuesday, 13/02/2018 | 08:03 GMT by Finance Magnates Staff
Regulation

New Zealand's FMA Warns Investors of Unauthorized Company 10Trading

  • The initial warning was issued by Italy’s CONSOB, and relayed on the FMA warning list.
Friday, 09/02/2018 | 09:45 GMT by Finance Magnates Staff
News

CFTC Warns Investors Against “IRA Approved” Funds

  • Many funds make false claims to lure inventors to the volatile market.
Tuesday, 06/02/2018 | 18:14 GMT by Arnab Shome
Regulation

FCA Alerts Investors of Increased Risk of Online Binary Options Scams

  • The warning stems from 2017 data, showing that binary options scams led to an average of £87,410 in daily losses.
Monday, 29/01/2018 | 12:49 GMT by Finance Magnates Staff
Brokers

Polish FSA Issues Public Warning Against Unregistered Brokerage

  • The Polish regulator continues to crack down on unauthorized brokers operating within the country.
Friday, 12/01/2018 | 13:51 GMT by Finance Magnates Staff
Regulation

Portugal’s CMVM Warns Against Latest Unauthorized Service Providers

  • GTPcapital has been targeting Portuguese investors despite being unauthorized to solicit clients in the country.
Thursday, 21/12/2017 | 18:14 GMT by Jeff Patterson
Brokers

Austria’s FMA Adds FX and Binary Broker Spot2Trade to Warning List

  • The FMA uses investor warnings to inform the public about fraudulent operations.
Wednesday, 20/12/2017 | 18:44 GMT by Aziz Abdel-Qader
Regulation

Spanish Regulator CNMV Exposes Two Unregulated Brokers

  • The domains are not registered in Spain and are thus not authorized to offer trading services there.
Monday, 18/12/2017 | 15:35 GMT by Aziz Abdel-Qader
Regulation

CFTC Adds ‎‏21‏‎ New Forex and Binary Options Brands to its ‘RED List’‎

  • The RED list includes brokers that are soliciting or accepting funds from US residents without CFTC registration.
Friday, 15/12/2017 | 17:19 GMT by Aziz Abdel-Qader
Regulation

British Columbia BCSC Adds uTrader to its Investor Caution List

  • The brokerage provides no confirmation regarding licences held at any global jurisdiction.
Thursday, 30/11/2017 | 17:38 GMT by Aziz Abdel-Qader
Regulation

Belgium’s FSMA Warns Against Three Boiler Rooms

  • The FSMA advises against deposits and the transfer of money to these entities, given the inherent risk involved.
Monday, 27/11/2017 | 18:13 GMT by Aziz Abdel-Qader
News

ICOs Are "Like Investing in a Casino in Exchange for Poker Chips"

  • “Cryptocurrencies and ICOs are extremely risky investments and are likely to become the next wave of internet fraud.”
Thursday, 19/10/2017 | 13:31 GMT by Avi Mizrahi
News

Slovenia’s FSB Issues a Stern Warning Against Digital Currencies

  • A different attitude has been developing with some central banks announcing trial runs of prototype cryptocurrencies.
Monday, 09/10/2017 | 18:46 GMT by Aziz Abdel-Qader
Regulation

FCA Issues Warning Against Unauthorised Firm Chinatsu & Partners

  • The company has been offering its financial services in the UK without authorisation.
Monday, 09/10/2017 | 11:30 GMT by Colin Firth
Regulation

HK Court Convicts 2 Dealers and 1 Asset Manager for Unlicensed Services

  • The Hong Kong market is vigilantly supervised by its financial regulator.
Thursday, 28/09/2017 | 09:07 GMT by Colin Firth
Regulation

FCA Warns About Clone Firm Adexec Worldwide Financial Services

  • The FCA continues to increase public awareness of scams.
Tuesday, 26/09/2017 | 06:22 GMT by Colin Firth
Regulation

CONSOB Suspends Cryp Trade Capital from Market for 90 Days

  • Cryp Trade Capital has been issuing investment portfolios without authorization.
Tuesday, 19/09/2017 | 12:42 GMT by Colin Firth
Regulation

SFC Issues Warning Against 3 Financial Services Companies

  • The companies were operating without a license and using Hong Kong bank accounts.
Wednesday, 13/09/2017 | 11:07 GMT by Colin Firth
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