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The Belgian Financial Services and Markets Authority (FSMA) has announced that it continues to receive complaints from consumers about fraudulent online trading platforms operating in the Belgian market. They use deceptive advertisements on social media or online video platforms, often offering virtual currency, trading software or a training course. Scammers are aggressive and even try to convince...
The Cyprus Securities and Exchange Commission (CySEC) has announced that a settlement has been reached with Crowd Tech Ltd for possible violations of the Investment Services and Activities and Regulated Markets Law of 2017. Crowd Tech Ltd, formerly known as MPF Global Markets Ltd, owns and operates the trade360.com domain. The settlement reached with Crowd Tech for...
The Commodity Futures Trading Commission (CFTC) issued settlement orders against affiliates of 11 financial institutions for failing to comply with its recordkeeping requirements. These include affiliates of: Bank of America, Barclays, Cantor Fitzgerald, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Jefferies, Morgan Stanley, Nomura, and UBS.
Italy’s Companies and Exchange Commission (CONSOB) announced that it has continued to block the access from Italian territory to more unauthorized investment websites. They include: finextrader.com of Finex Group Ltd, fivemarkets.io of Uncanny Services LLC, grandtrades.eu of GrandTrade Pvt Ltd, sungerfx.com of Sungerfx Limited, and tedex.co of Vermillion Consulting LLC. CONSOB has the right...
The Cyprus Securities and Exchange Commission (CySEC) announced that it has reached an agreement with the investment intermediary Triangleview Investments Ltd. regarding a breach of the Investment Services and Activities and Regulated Markets Law of 2017 and specifically regarding the protection of client funds. The agreement reached with the company is for the sum of EUR 50,000,...
Italy’s Companies and Exchange Commission (CONSOB) has announced that it continues to expand the list of unauthorized financial websites whose access is blocked in Italy. They include: fincloud.world of Surreptitious Group LLC, smarttradecfd.com of Smart Trade Cfd, tradebaionics.net of Tradebaionics, trustgarden.net of Trustgarden Ltd, and uetrades.com of UeTrades. CONSOB has the power to order...
Australians lost a record more than AUD 2 billion to fraud in 2021, the ACCC's latest report reveals. The report collects data from financial institutions and government agencies. Reported losses for all organizations totaled almost AUD 1.8 billion, but with a third of victims not reporting fraud, the ACCC estimates the actual losses to be more than...
The Australian Securities and Investments Commission (ASIC) has suspended ISG Financial Services Limited's Australian financial services license until the end of September 2022. The regulator found that the company failed to comply with its statutory audit and financial reporting obligations between July 2020 and June 2021.
Italy’s Companies and Exchange Commission (CONSOB) has announced that it has continued to block access from Italian territory to 7 more unauthorized financial websites. They include: aceinvest.co of Eudaimon Consulting LLC; battletrade.io of Tetris Group Ltd; ftifinance.com of FTI Finance; dolfinindex.com of FX Publications, INC and Dlfinindex Ltd; globalsuccessmanagement.com and www.gig-os.com of Global Success Management Inc., Be...
The Cyprus Securities and Exchange Commission (CySEC) has announced that it has reached an agreement with the investment intermediary Credit Financier Invest Limited. The agreement is to settle possible violations of the Prevention and Suppression of Money Laundering and Terrorist Financing Law, which were revealed during an inspection conducted in December 2020. The agreement reached with Credit...