Italy’s financial markets and services provider regulator CONSOB has updated its warning list with the brokers who are not licensed to operate in Italy. RoyalFunds and LV Grow Markets happened to get into the list. These firms have been offering investment services and activities to the Italian public without being authorized in the country. CommissioneRead More
Category: Regulation
Spain’s CNMV blacklists Weltrade and TCO TRADE
Spain’s financial markets and services regulator CNMV has issued warnings against two forex brokers Weltrade and TCO TRADE. According to the public warning notices, these entities are not authorized to provide investment services or investment advice and auxiliary services, including foreign currency transactions in Spain. The National Securities Market Commission (often abbreviated as CNMV) isRead More
Traderzmarket and GCE Capitals blacklisted by the FCA
The UK’s Financial Conduct Authority (FCA) has issued warnings against Traderzmarket and GCE Capitals. The regulator said the brokers have been providing financial services and products targeting people in the UK without being licensed. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government,Read More
The FCA warns against Fun Managers and ProCapitalMarkets
The UK’s Financial Conduct Authority (FCA) has issued warnings against Fun Managers and ProCapitalMarkets brokers. The regulator said the brokers have been providing financial services and products targeting people in the UK without being licensed. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UKRead More
Financial Options AFS licence has been cancelled by ASIC
ASIC has cancelled the Australian Financial Services (AFS) licence of Financial Options Pty Ltd (Financial Options) and also has permanently banned Queensland-based financial adviser Mr. William John Henry Houwing from providing financial services. Previously, in August 2019 we talked about the suspension of the company’s license. Mr. Houwing, of Esk, was a director and authorisedRead More
Belgium FSMA warns against Beflix and Trade Idea brokers
The Financial Services and Markets Authority (FSMA) warns the public against the activities of Beflix and Trade Idea who are unlawfully operating in Belgium. The regulator has added that these trading platforms try to arouse consumers’ curiosity by placing scam ads on social media such as Facebook. In these fake ads, a well-known person oftenRead More
Global fintech company TigerWit receives Hong Kong SFC license
UK-headquartered global financial technology company TigerWit has announced that it has been accredited with a Financial Services licence from Hong Kong’s Securities and Futures Commission. Hong Kong is a major global financial hub and receiving this licence represents an important development for TigerWit, as the firm sees continued expansion and growth for its trading servicesRead More
CySEC has warned against Calibur and IcFxMarkets brokers
The Cyprus Securities and Exchange Commission issued a warning with regard to Calibur and IcFxMarkets. According to the official statement, these websites do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. The Cyprus Securities and Exchange Commission, known as CySECRead More
Italy’s regulator CONSOB warns against FTE FX and RMT500
Italy’s financial markets and services provider regulator CONSOB has updated its list of forex brokers who are not licensed to operate in Italy. FTE FX and RMT500 are happened to get into the list. These firms have been offering investment services and activities to the Italian public without being authorized in the country. Commissione NazionaleRead More
ASIC further suspends the AFS license of Halifax Investment Services
ASIC has extended the suspension of the Australian financial services (AFS) license held by Halifax Investment Services Pty Ltd (Halifax) until 8 January 2021. As we previously reported, on the 14th of January 2019, ASIC has suspended the Australian financial services (AFS) license held by Halifax Investment Services Pty Ltd. Back then it was suspendedRead More