Search Results for: Unlicensed
SFC fined millions a securities dealing company
May 10th, 2017
SFC reprimands and fines Promising Securities Company Limited $3.5 million The Securities and Futures Commission (SFC) has reprimanded and fined Promising Securities Company Limited (Promising) $3.5 million for breach of the Code of Conduct and the Management, Supervision and ...
Beware of unauthorised providers of financial services
May 8th, 2017
The financial regulatory authorities of UK (Financial Conduct Authority – FCA) and Honk Kong (Securities and Futures Commission – SFC) have issued warnings to inform investors and public about unauthorized providers of financial services. According FCA’s warning, the Authority believes ...
OptionRally lost IFSC license
May 4th, 2017
The International Financial Services Commission of Belize (IFSC) has issued a warning notice to announce that TCM Investments Ltd. of domain name, OptionRally with its registered office at Suite 508, Marina Towers, Newtown Barracks, Belize City, Belize, Belize, C.A., ...
ASIC takes action against Courtenay House Capital Trading Group to protect investors
May 2nd, 2017
Following an application by ASIC, the Supreme Court of NSW has made interim orders by consent against Courtenay House Capital Trading Group Pty Ltd (Courtenay House Trading Group), Courtenay House Pty Ltd (Courtenay House) and a number of other ...
Spotify acquires Mediachain to solve music’s attribution problem
April 27th, 2017
Spotify has acquired the Brooklyn-based blockchain startup Mediachain Labs, whose team will join the company’s office in New York where they will work on developing better technology for connecting artists and other rights holders with the tracks hosted on Spotify’s service. ...
SFC warns about Juno Markets
April 19th, 2017
The Securities and Futures Commission (SFC), Hong Kong financial regulator, has updated its “Alert List” adding Juno Markets / Juno Markets Limited. SFC released the below details for Juno Markets: Juno Markets / Juno Markets Limited Type: Unlicensed entities ...
New Zealand confirms that selling Spot FX contracts, CFD and binary options to be licensed
April 3rd, 2017
The Financial Markets Authority has today confirmed that businesses selling short-duration derivatives need to be licensed. The Financial Markets Conduct Act introduced licensing for derivatives issuers in December 2014. The FMA has been reviewing how it regulates short-duration derivative ...
SFC fined in total $15 million Merrill Lynch Far East and Merrill Lynch (Asia Pacific)
March 27th, 2017
The Securities and Futures Commission (SFC) has resolved its concerns with Merrill Lynch Far East Limited (MLFE) and Merrill Lynch (Asia Pacific) Limited (MLAP) over internal control failures. Under the resolution, the SFC reprimanded and fined them a total of ...
SFC added Apuro Forex and Apuro Holdings to its Alert list
March 7th, 2017
The Securities and Futures Commission (SFC), Hong Kong financial regulator, has updated its “Alert List” adding Apuro Forex and Apuro Holdings Limited. SFC released the below details for the two unlicensed entities: Apuro Forex Type: Unlicensed entities Address(es): Nil ...
FMA warns against OptionsXO
February 8th, 2017
The Financial Markets Authority (FMA) of New Zealand has issued a warning to inform investors and public in relation of conducting business with OptionsXO http://www.optionsxo.com/. AS FMA reports, the notice by the Australian Securities and Investment Commission (ASIC) warns ...
