Mr Barreto was sentenced to a total of 2 years’ imprisonment, suspended for 2 years, with 120 hours of unpaid work, for 11 counts of fraud by false representation and 2 counts of carrying on regulated activities without authorisation. Mr Hussain was sentenced to 16 months’ imprisonment, suspended for 2 years, with 120 hours of...
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Stuart Bayes found guilty of insider dealing
Mr Stuart Bayes was today found guilty of 2 offences of insider dealing, following an 8-week trial at Southwark Crown Court in a prosecution brought by the Financial Conduct Authority (FCA). Mr Bayes was employed as a site manager at UK plastic manufacturer, RPC Group Plc (RPC). Through his employment he obtained confidential information, known...
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Janet Cameron convicted and fined in Hobart Magistrates Court
Former director of Bellamy’s Australia Ltd Janet Heather Cameron, of Bicheno, Tasmania, has today been convicted and ordered to pay a total fine of $8,000 in the Hobart Magistrates Court following an investigation by ASIC. On 14 December 2023, Deputy Chief Magistrate Daly found Ms Cameron guilty of one count of failing to lodge a...
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ASIC wins first greenwashing civil penalty action against Vanguard
The Federal Court has found Vanguard Investments Australia contravened the law by making misleading claims about certain environmental, social and governance (ESG) exclusionary screens applied to investments in a Vanguard index fund. At a hearing before Justice O’Bryan on 8 March 2024, Vanguard admitted to engaging in conduct that was liable to mislead the public...
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ASIC cancels AFS Licence of Crown Wealth Group
ASIC has cancelled the Australian financial services licence of Crown Wealth Group Pty Ltd (Crown Wealth) after it was placed into voluntary administration. On 13 March 2024, Sule Arnautovic of Salea Advisory was appointed as voluntary administrator of Crown Wealth. Under the Corporations Act, ASIC may suspend or cancel an AFS licence without a hearing...
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ESMA provides market participants with guidance on the clearing obligation for trading with 3rd country Pension Schemes
The European Securities and Markets Authority (ESMA), as the EU’s financial markets regulator and supervisor, today issued a public statement on deprioritising supervisory actions linked to the clearing obligation for third-country pension scheme arrangements (TC PSA), pending the finalisation of the review of EMIR. During this period and in view of the challenges that market...
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ESMA clarifies application of certain MIFIR provisions, including volume cap
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published a statement, including practical guidance supporting the transition and the consistent application of the revised Markets in Financial Instruments Regulation (MiFIR). The statement covers guidance on equity transparency and non-equity transparency; the systematic internaliser (SIs) regime; designated publishing entities...
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FXCRYPTOPAYERS
Name: FXCRYPTOPAYERS Address: Seidlstrabe 24-24a, Munich, GERMANY, D-80335 199 Bishopsgate, London, UNITED KINGDOM, EC2M 3TY Email: [email protected] Website: www.fxcryptopayers.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual,...
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GRAMTECHCLUB
Name: GRAMTECHCLUB Address: 55 Beak Street, Carnaby, London, UNITED KINGDOM, W1F 9SQ Email: [email protected] Website: www.gramtechclub.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information...
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FCA finds concerns over insurers’ valuation of written-off or stolen vehicles
The Financial Conduct Authority (FCA) has identified shortcomings in how some motor insurance firms are valuing written-off or stolen vehicles. An FCA review has found evidence that suggests some firms are offering their customers less than their written-off or stolen vehicle is worth and, in some cases, are only increasing that offer when a customer...
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