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client money

FCA-logo

UK investment management firm with approximately 3000 customers entered the SAR insolvency proceedings

18/05/2017(0)
Strand Capital Limited (Strand), an investment management firm, formally entered the Special Administration Regime (SAR) insolvency proceedings on 17 May 2017. Having reached an assessment that it was no ... Read More
Alpari

Update on Alpari (UK) Limited in special administration

22/12/2016(0)
The Joint Special Administrators of Alpari (UK) Limited issued an important update regarding distribution of client money. According the announcement published for Client Money: Following the Joint Special Administrators ... Read More
ASIC_regulator

ASIC welcomes ‘client money’ reforms

08/11/2016(0)
ASIC today welcomed the Government’s decision to proceed with ‘client money’ reforms in respect of retail OTC derivatives. ‘The reforms to the client money regime will strengthen protection of ... Read More
FCA-logo

FCA fines Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited £8.2m for Client Money and Assets failings

05/10/2016(0)
The Financial Conduct Authority (FCA) has today fined Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited (together Aviva) £8,246,800 for failings in its oversight of its outsourced ... Read More
tax fraud

Investment adviser to plead guilty to running a $21 million Ponzi scheme

07/07/2016(0)
A Rhode Island investment adviser has agreed to plead guilty to criminal charges for orchestrating a $21 million Ponzi scheme, according to a statement from the U.S. Attorney’s Office. ... Read More
ASIC_regulator

XTrade to change client money practices following ASIC surveillance

01/07/2016(0)
As a result of ASIC’s intervention, licensed retail OTC derivatives issuer XTrade.au Pty Ltd (AFSL No. 343628) (XTrade), formerly O.C.M. Online Capital Markets Pty Ltd, will implement changes to ... Read More
FCA_regulator

FCA fines The Bank of New York Mellon

15/04/2015(0)
The Financial Conduct Authority of UK issued a press release to inform that: The Financial Conduct Authority (FCA) has today fined The Bank of New York Mellon London Branch ... Read More
Broker Cyprus TopFX