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Steven Maijoor Keynote New technologies within and beyond capital markets
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Tier One Capital Ltd (clone of FCA 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 […]
SEC Shuts Down $345 Million Fraud and Obtains Asset Freeze
Washington D.C., Sept. 19, 2018 — The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset freeze and the appointment of a receiver. An SEC complaint unsealed yesterday alleges […]
Dear CEO LIBOR letter
On Wednesday 19 September, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) wrote to CEOs of major banks and insurers supervised in the UK asking for the preparations and actions they are taking to manage transition from LIBOR to alternative interest rate benchmarks. The purpose of the letters is to seek assurance that […]
The FCA announces outcome of investigation into 4 life insurance companies
The FCA launched the investigation following a thematic review, published on 3 March 2016. This identified further work was required to determine whether 6 of the 11 firms that were involved in the thematic review had failed to meet our standards. These 6 firms were Abbey Life, Countrywide, Old Mutual, Police Mutual, Prudential and Scottish Widows. […]
The All Star Index
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 […]
SEC Staff to Host Roundtable on Regulatory Approaches to Combating Retail Investor Fraud
Washington D.C., Sept. 18, 2018 — The Securities and Exchange Commission announced today that its Division of Trading and Markets will host a roundtable on Sept. 26 on combating retail investor fraud. The Commission staff is interested in views from a broad range of market participants, regulators and industry experts concerning potential steps that might be taken […]
Biopharmaceutical Company, Executives Charged With Misleading Investors About Cancer Drug
Washington D.C., Sept. 18, 2018 — The Securities and Exchange Commission today announced that a Boulder, Colorado-based biopharmaceutical company, its CEO, and its former CFO will pay more than $20 million in penalties to settle charges of misleading investors about the company’s developmental lung cancer drug. The SEC’s complaint filed in federal court in Denver […]
SeaWorld and Former CEO to Pay More Than $5 Million to Settle Fraud Charges
Company, Two Former Executives Charged With Misleading Investors About the Impact of Documentary on Business Washington D.C., Sept. 18, 2018 — The Securities and Exchange Commission today announced that SeaWorld Entertainment Inc. and its former CEO have agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the […]