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...
HSBC Securities (USA) Inc has agreed to pay a certain amount to settle a dispute with the Financial Industry Regulatory Authority (FINRA). Between 2017 and 2020, HSBC failed to take reasonable steps to ensure that some orders redirected to certain market centers met regulatory requirements. In addition, HSBC has failed to establish and maintain an appropriate supervisory...
New Zealand’s financial regulator Financial Markets Authority (FMA) has warned investors about an offshore forex and CFDs broker called VHNX, which operates the VHNX.com website. The company, which claims to be based in Saint Vincent and the Grenadines, is most likely committing fraud, according to the FMA. The regulator said it had received reports that VHNX officials...
The Cyprus Securities and Exchange Commission (CySEC) has announced that it has agreed on a EUR 290,000 fine with Cypriot investment intermediary Mount Nico Corp Ltd. The company operates through brands such as NicoFX and Excentral, and the agreement is on possible violations of the Investment Services and Activities and Regulated Markets Law of 2017.
Italy’s Companies and Exchange Commission (CONSOB) has announced that it has ordered the blocking of access from Italian territory to five more unauthorized investment websites. They include: 4capital.io of GrouPolo; global-investousfx.com of Globalinvestous; tradebaionics.com of Tradebaionics; tradon.pro of Ingenue Consulting LLC, and unionsmarket.group of Bodacious Consulting LLC.
CONSOB has the right to order Internet...
The Cyprus Securities and Exchange Commission (CySEC) informs investors that Binarium Ltd and its related websites have not been authorized to provide investment services and / or carry out investment activities as required by law. CySEC urges investors to consult its website (www.cysec.gov.cy) and verify that the company they intend to do business with is licensed.
Italy’s Companies and Exchange Commission (CONSOB) has announced that it has continued to block access from Italian territory to 5 more unauthorized financial websites. They include: infinity4x.io of Infinity4X, invmb.com of MBInvest, galantrade.com of Vigo and Co LLC, gladiolustox.com of Gladiolu Stox Markets Ltd, and globecfd.com of Globecfds.
CONSOB has the right to order...
The Cyprus Securities and Exchange Commission (CySEC) has announced that it has fined BrokerCreditService (Cyprus) Limited EUR 10,000 for non-compliance with the Market Abuse Regulation. According to the regulatory body, the company, which operates via the bcscyprus.com website, has not established effective mechanisms and systems for detecting suspicious transactions leading to doubts of insider dealing.
Italy’s Companies and Exchange Commission (CONSOB) has announced that it has ordered the blocking of access from Italian territory to five more unauthorized investment websites. They include: alphaforex.eu of FX Publications, INC; bitaliana.com of Bitaliana; morganfxcapital.com of Preqster Ltd; tradingbloom.com of Bloomb Trading Facility BV and xtbinvesting.com of Xtbinvesting.
CONSOB has the right to...
The Cyprus Securities and Exchange Commission (CySEC) has announced that it has fined Capital Com SV Investments Ltd, the operator of online trading brand Capital.com, EUR 10,000 for non-compliance. The company has informed CySEC with delay about suspicious transactions and orders that may constitute insider dealing.