SEC News

SEC Charges Giga Entertainment Media, Former Officers and Directors With Fraud in Pay-For-Download Campaign

Washington D.C., Nov. 15, 2018 — The Securities and Exchange Commission today charged Giga Entertainment Media Inc. and five of its former officers and directors—Gary Nerlinger, Jarret Streiner, Lawrence Silver, Alfred Colucci, and Charles Noska—with fraud in connection with a scheme to mislead investors.  According to the SEC’s complaint, between February and August 2016, the company […]

FCA News

Regulation round-up November 2018

November 2018 Quick Links Introduction: Christopher Woolard, Executive Director of Strategy and Competition Our supervisory work on general insurance (GI) pricing practices has found that people who stay with their insurance provider for a long time often pay significantly more than new customers. This is even though the costs and risks of providing both groups with insurance […]

SEC News

SEC Brings Additional Charges in New York Boiler Room Scheme Targeting Seniors

Washington D.C., Nov. 15, 2018 — The Securities and Exchange Commission today brought additional charges against a Long Island, New York-based boiler room previously sued for defrauding elderly and unsophisticated investors. The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the boiler room, and four others, manipulated the company’s shares generating more […]

FCA News

Goose Investments

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. However, some firms act without our authorisation and some knowingly run investment scams.  This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we […]

ESMA News

ESMA reports on NCAs’ use of sanctions and administrative measures under MAR

The relevant infringements under MAR to which the sanctions and administrative measures refer to include, amongst others: insider dealing and unlawful disclosure of inside information (Article 14 MAR); and market manipulation (Article 15 MAR). MAR foresees administrative sanctions for infringing the Regulation, which depending on the gravity of the infringement, can amount up to 5,000,000 […]

FCA News

GMT Crypto (clone of authorised firm)

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. This is what we call a ‘clone firm’; and fraudsters usually […]