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Retail FX

FCA’s 2023 Crusade against Financial Fraud Hits New Peak

  • The number of warnings rose 21% from 2022.
  • Awareness and use of FCA's Warning List increased, aiding scam prevention.
Thursday, 08/02/2024 | 12:26 GMT by Damian Chmiel
Retail FX

Spain's CNMV Sounds Alarm Bells for ACY Securities

  • According to the CNMV, ACY does not possess the necessary licenses to operate in Spain.
  • Finance Magnates contacted the broker for a comment.
Monday, 05/02/2024 | 11:17 GMT by Damian Chmiel
Retail FX

New Zealand's Fraud Victims Tricked by the Fake UK's FCA Financial Emails

  • FMA cautions against fraudsters impersonating the UK's FCA.
  • They offer alleged assistance in recovering funds lost in previous scams.
Tuesday, 30/01/2024 | 08:50 GMT by Damian Chmiel
Retail FX

FCA Flags over 50 Unregistered Firms Promoting Financial Services

  • The flagged entities include Extron Exchange, Crypto Miners Limited, Trusted Coinmining, and Capital Wave FX.
  • The FCA cautioned investors of these firms that they will not access the protection of the Financial Ombudsman Service.
Monday, 29/01/2024 | 18:22 GMT by Jared Kirui
Retail FX

CNMV Flags 14 Unregistered Entities as Spain Tightens Financial Oversight

  • Local market watchdog warns against unlicensed financial firms, cautioning investors.
  • Few months ago CNMV expanded the FX/CFDs market restriction for retail traders.
Monday, 29/01/2024 | 13:06 GMT by Damian Chmiel
Retail FX

French AMF Alerts Investors to 35 Risky Firms

  • The big update focused on FX and crypto market companies.
  • This is one of the most extensive additions to the AMF’s warning list recently.
Wednesday, 10/01/2024 | 10:42 GMT by Damian Chmiel
Retail FX

Admiral Markets (Once Again) Impersonated by Fraudulent Clone, FCA Reports

  • The clone impersonated Admirals trading brand using false details to deceive investors.
  • Clone firms pose serious risks, including fraud and unregulated operations.
Thursday, 04/01/2024 | 10:01 GMT by Damian Chmiel
Retail FX

XTB Clone Scam: FCA Issues Urgent Investor Warning

  • The regulator issues alert on unauthorized XTB clone scamming investors.
  • "XTB Trading World" is not associated with the original brand in any way.
Thursday, 28/12/2023 | 13:10 GMT by Damian Chmiel
Retail FX

FCA Identifies Clone Firms Imitating Hargreaves Lansdown and Westpac

  • Clone firms impersonate popular financial brands in the UK.
  • This time, the FCA warns against clones of a popular bank and trading company.
Wednesday, 27/12/2023 | 16:06 GMT by Damian Chmiel
Retail FX

TriumphFX's Ignored Red Flags: Troubles Date Back to 2015

  • TriumphFX's history includes a decade of accusations and warnings from Asian regulators.
  • As it turns out, the first alert was sent by HK's SFC back in 2015.
Friday, 22/12/2023 | 14:32 GMT by Damian Chmiel
Retail FX

Beware the Clone: UK Watchdog Flags Fake Spreadex Site

  • Scammers use a domain name strikingly similar to spreadex.com.
  • Clone firms trick investors with false promises, leading to financial losses.
Friday, 22/12/2023 | 12:21 GMT by Damian Chmiel
Retail FX

TriumphFX Faces CySEC Crackdown over Shareholder Concerns

  • CySEC suspends TriumphFX shareholders' rights over management issues.
  • The regulator mentions warnings against the broker in Malaysia and Singapore.
Thursday, 21/12/2023 | 14:35 GMT by Damian Chmiel
Retail FX

Regulators on High Alert: FCA, SFC, and FSC Issue New Warnings

  • New entities flagged for lacking investment service licenses.
  • Regulators like FCA, SFC, and FSC stay active, updating warning lists daily.
Wednesday, 20/12/2023 | 11:23 GMT by Damian Chmiel
Retail FX

Investor Alert: CySEC Flags 12 Unlicensed Investment Websites

  • The Cypriot regulator has updated its caution list.
  • It is a mix of unregulated FX/CFD brokers and cryptocurrency companies.
Monday, 18/12/2023 | 10:26 GMT by Damian Chmiel
Retail FX

Alert: NZ FMA Adds Five Fraudulent Firms to Caution List

  • FMA is one of the most active regulators in the financial markets.
  • Despite the high level of warnings, the number of scams in NZ is reportedly decreasing.
Wednesday, 13/12/2023 | 09:56 GMT by Damian Chmiel
Retail FX

FCA Issues 1,716 Warnings about Unregistered Firms from April 2022 to March 2023

  • The regulator prevented 1 in 5 new consumer investment firms from entering the market.
  • Inquiries about potential scams have increased 12% annually since 2020.
Friday, 08/12/2023 | 17:25 GMT by Jared Kirui
CryptoCurrency

Philippines Joins Global Crypto Crackdown on Binance

  • Philippines' SEC warns Binance for operating without a license, risking 21-year imprisonment for promoters.
  • The company faces global regulatory issues, including investigations in France and Singapore.
Wednesday, 29/11/2023 | 09:12 GMT by Damian Chmiel
Retail FX

News Nuggets | 27 November: Argo Welcomes New CEO; HIVE Acquires Swedish Data Center

  • Also, the FCA issued a warning against VentureXchange.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 27/11/2023 | 10:35 GMT by Damian Chmiel
Retail FX

News Nuggets | 21 November: FCA and FMA Warns against Clones and Fraudsters

  • Also, ASIC published enforcement plan; Plaid hires Adyen executive.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 21/11/2023 | 10:21 GMT by Damian Chmiel
Retail FX

News Nuggets | 20 November: FMA and Consob New Warnings; LSEG Appoints New CFO

  • Also, The Trading Pit appoints the new Head of Dealing; Astra Financial and WeLab launch Bank Saqu.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 20/11/2023 | 12:04 GMT by Damian Chmiel
Retail FX

Cyprus Police Warn of Telephone Scam as Fraudsters Pose as Market Watchdogs

  • Fraudsters are posing as officials from Capital Market Commission in telephone scams.
  • CySEC has cautioned against fraudsters impersonating its officers.
Thursday, 16/11/2023 | 15:07 GMT by Jared Kirui
Retail FX

eToro Clone among Eight Entities Flagged by CNMV

  • The Spanish market watchdog updates its warning list.
  • One of the entities has a name very similar to eToro.
Monday, 13/11/2023 | 10:29 GMT by Damian Chmiel
Retail FX

Santander’s Shadowy Twin Triggers FCA Warning

  • The British regulator warns against impersonating the popular bank.
  • This month is another warning from the FCA about a clone firm.
Wednesday, 08/11/2023 | 10:48 GMT by Damian Chmiel
Retail FX

Lirunex's Asian Expansion Faces Regulatory Hurdles in Malaysia

  • The broker's trading center in Kuala Lumpur has been running since 2022.
  • However, the SCM claims that Lirunex is operating without the necessary authorizations.
Thursday, 26/10/2023 | 10:19 GMT by Damian Chmiel
CryptoCurrency

FCA Targets 143 Entities, including Major Crypto Exchanges Huobi and KuCoin

  • On Sunday, the FCA expanded its warning list when the new crypto regulations kicked in.
  • The regulator claims two major cryptocurrency exchanges operate in the UK without authorization.
Monday, 09/10/2023 | 08:27 GMT by Damian Chmiel
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