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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. 
Australia’s financial regulator ASIC started acting against the people from Union Standard International Group Pty Ltd. The company used to be licensed by ASIC under the brokerage brand USGFX Retail FX. USGFX Australia declared bankruptcy in July 2020, and the appointed administrators of BRI Ferrier are still trying to find exactly how much money...
The Australian Financial Complaints Authority (AFCA) has published details of another 5 financial companies that have not paid their AFCA membership fee or other fees. Their AFCA membership has been terminated. AFCA members are required to pay an annual membership fee, along with fees for any complaints received about them. These are the following...
The UK financial regulator, Financial Conduct Authority (FCA), has taken action regarding Cyprus-based company ICC Intercertus Capital Ltd, whose brand name is EverFX. FCA has banned EverFX, from offering high-risk CFDs to British investors. ICC Intercertus and its brand EverFX have been regulated in the UK under the Temporary Permission Regime (TPR), introduced for companies that have...
TNXTrade is a trading name of the company Smart Technology Services LTD, which is registered in the Republic of Marshall Islands (RMI) and regulated by the local banking regulator. The RMI license allows it to conduct investment services, which include reception and transmission of orders in relation to financial instruments, as well as execution of orders on...
The UK financial regulator, Financial Conduct Authority (FCA), has posted a notice regarding Cyprus-based FXBFI Broker Financial Invest Ltd, trading as 101investing. FXBFI provides consumers with the ability to trade CFDs using an online platform, accessible through its website, www.101investing.com. Since September 2020, the FCA has received nearly 40 complaints or concerns about the...