Home Forex Complains
The UK Financial Conduct Authority (FCA) warns that fraudsters use the details of the companies it authorizes to try to convince people that they are working for a genuine, authorized company. All companies and individuals engaged in financial services activities in the United Kingdom must be authorized or registered by the FCA. The clone of Interactive Brokers...
The Australian Securities and Investments Commission (ASIC) has revoked the license of Trade Wind Financial Services Pty Ltd., effective May 26, 2021. ASIC also banned the company's director Adam John Bevan for five years from providing financial services, controlling a financial services business, or performing any function in relation to carrying on a financial services business. Mr...
The US Securities and Exchange Commission (SEC) has taken legal action against a fraudulent binary options scheme that has resulted in losses of more than USD50 million. The regulator has filed a complaint against the people behind Porter Finance and Dalton Finance. Individuals have participated in a multimillion-dollar scheme to defraud retail investors in the United States...
Italy’s Companies and Exchange Commission (CONSOB) announced that it has ordered the blocking of access from Italian territory to three more unauthorized investment websites. They include: - Vibeinv Invest Limited (website www.vibeinv.com); - FXGBP Markets (website https://fxgbpmarkets.com); - Maxinvesto (website www.maxinvesto.com and related page https://secure.maxinvesto.com).
The UK Financial Conduct Authority (FCA) has imposed a GBP110,000 fine on the claims management company Crosfill & Archer Claims Limited. The fine is for making unsolicited calls (cold calling) to people who have registered not to receive this type of sales call, as well as for companies for which Crosfill & Archer Claims cannot prove that...
The Financial Conduct Authority (FCA) has judged that Binance Markets Limited (BML), which is owned by Binance Group, cannot conduct any regulated activity in the UK. The financial regulator also issued a warning to Binance.com users, advising people to be wary of ads promising a high return on cryptocurrency investment. The FCA does not regulate cryptocurrencies but...
Clearpool Execution Services LLC has agreed to a USD300,000 fine as part of an agreement with the United States Financial Industry Regulatory Authority (FINRA) on short selling rule violations. Between April 2015 and May 2017, Clearpool executed more than 9 million short sale orders for its own account to facilitate client short sale orders...
Citigroup Global Markets Inc has agreed to a USD350,000 fine as part of an agreement with the Financial Industry Regulatory Authority (FINRA). The agreement addresses alleged breaches of FINRA rules that occurred between June 2017 and February 2019. During this period, Citigroup Global Markets Inc failed to establish and maintain a supervisory system, including...
The Australian Securities and Investments Commission (ASIC) has announced that it has deprived Dimitrios (James) Podaridis of the right to run companies for two years after his involvement in two bankrupt companies. Mr Podaridis was a director of A.C.N. Pty Ltd (formerly known as Champion Beverages Pty Ltd and ICBC Capital Pty Ltd. ICBC, which previously held...
The Australian Securities and Investments Commission (ASIC) has decided to permanently ban Sydney-based financial adviser Gavin Fineff from providing any financial services, overseeing financial services business, or performing any function related to doing business with financial services. Mr Fineff was an authorized representative of Sentinel Wealth Management Pty Limited from December 2011 to March 2020.