• 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) is...

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  • RoyalFunds and LV Grow Markets end up in CONSOB’s warning list

    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. Commissione...

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  • Spain’s CNMV warns of unregulated brokers ProuFX and BDV Invest FX

    Spain’s financial markets and services regulator CNMV has issued warnings against two forex brokers ProuFX and BDV Invest FX. 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)...

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  • CONSOB warns against Swissfingroup and Dubai FXM

    Italy’s financial markets and services provider regulator CONSOB (Commissione Nazionale per le Società e la Borsa) has updated its list of forex brokers who are not licensed to operate in Italy. Swissfingroup and Dubai FXM are happened to get into the list. These firms have been offering investment services and activities to the Italian public...

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  • CySEC’s warning regarding unregulated Capitaltechfx and Richmondsfinance

    The Cyprus Securities and Exchange Commission, known as CySEC (www.cysec.gov.cy), is the financial regulatory agency of Cyprus. As an EU member state, CySEC’s financial regulations and operations comply with the European MiFID financial harmonization law. A significant number of overseas retail forex brokers have obtained registration from CySEC. You can read our detailed article about...

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  • CySEC suspension of CIF license of DAWEDA Exchange Limited

    The Cyprus Securities and Exchange Commission has announced that the authorisation of the Cyprus Investment Firm Daweda Exchange Limited, number 289/16, is suspended in whole. This decision was made due to the suspicions of an alleged violation of the company’s possible non-compliance at all times with the authorisation condition regarding the appropriateness of its shareholders....

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  • WeltTrades and Capital Allianze end up in CONSOB’s warning list

    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. WeltTrades and Capital Allianze 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...

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  • The FCA has blacklisted RIMarkets and CFreserve brokers

    The UK’s Financial Conduct Authority (FCA) has issued warnings against RIMarkets and CFreserve 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 UK Government,...

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  • ASIC cancels the KP International Group Australia Pty Ltd license

    ASIC has announced the cancellation of the Australian financial services (AFS) licence of Sydney-based financial services provider KP International Group Australia Pty Ltd, effective 22 November 2019. Previously, the regulator has suspended the AFS licence until 23 September 2020. After the suspension commenced, KP International Group Australia Pty Ltd advised ASIC that all relevant officers...

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  • ADGM FSRA fined AT Capital Markets Limited and suspended its license

    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...

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