The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market has taken regulatory action against and imposed fines of $320,000 on AT Capital Markets Limited (ATCM) and $40,000 on its Senior Executive Officer (SEO), Mr Ryan Tsui. The regulator has taken an investigation of the ATCM’s activities. The FSRA found that ATCM had operated...

The Austrian Financial Market Authority (FMA) warns the public against the activities of two forex brokers GrahamFE and 360SmartFX. These companies have been offering investments without complying with Austrian financial legislation. According to the official statements, GrahamFE and 360SmartFX are not entitled to carry out banking transactions in Austria that require a licence. The Austrian...

Spain’s financial markets and services regulator CNMV has issued warnings against two forex brokers Traders Way and IGFinvestment. According to the public warning notice, 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) is...

ASIC has suspended the Australian financial services licence of Melbourne-based financial services provider Australian Golden Securities Ltd until 21 May 2020. Australian Golden Securities has held AFS licence no. 363925 since 16 November 2010. According to the official statement, the licence has been suspended because Australian Golden Securities has not met its obligations as an...

Spain’s financial markets and services regulator CNMV has issued warnings against two forex brokers UCI and Aspen Holding. 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) is...

The Austrian Financial Market Authority (FMA) warns the public against the activities of two forex brokers MegatradeFX and CodexFX. These companies have been offering investments without complying with Austrian financial legislation. According to the official statements, MegatradeFX and CodexFX are not entitled to carry out banking transactions in Austria that require a licence. The Austrian...

Spain’s financial markets and services regulator CNMV has issued a warning against two forex brokers FortFS and Merit Forex. According to the public warning notice, 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)...

The Financial Markets Authority (FMA) of New Zealand, the government agency responsible for financial regulation, have issued warnings against AG Markets and Profitix brokers. The regulator states the companies are not registered, licensed, or regulated in New Zealand and are not registered on the FSPR.  The Financial Markets Authority (FMA) plays a critical role in...

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. Richmondfx and Globalfx 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 Nazionale per...

The Austrian Financial Market Authority (FMA) warns the public against the activities of two forex brokers KS Securities and CobraCFD. These companies have been offering investments without complying with Austrian financial legislation. According to the official statements, KS Securities and CobraCFD are not entitled to carry out banking transactions in Austria that require a license....