Features include sending frequent notifications with the latest market news and providing consumers with in-app points, badges, and celebratory messages for making trades. The FCA has found that consumers using apps with these kinds of features were more likely to invest in products beyond their risk appetite. Alongside its warning to app operators, the FCA...
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Date set for trial against 5 individuals involved with Worthington Group plc
he trial date for Aidan Earley, Douglas Ware, Richard Spurway, Allan Biggar, and Wulstan Earley has been set for 2 September 2024. The trial is expected to last around 4 months. The FCA launched a criminal investigation into market abuse and market manipulation in April 2016, following the suspension of Worthington Group plc’s shares from...
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FCA issues Final Notice to former CEO for anti-money laundering failings
Mr. Prodhan was the senior manager at SBUK with responsibility for the establishment and maintenance of effective AML systems and controls. Between 7 June 2012 and 4 March 2014, Mr. Prodhan failed to take reasonable steps to assess and mitigate the AML risks arising from a culture of non-compliance among SBUK’s staff. He failed to...
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AUFX Markets
Almost all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by us. This firm is not authorized by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services...
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STANDARD INTERCONTINENTAL SAVINGS BANK
Unauthorized firm – STANDARD INTERCONTINENTAL SAVINGS BANK Address: 2900 Bellory Avenue, South Bellory, UNITED KINGDOM Telephone: +447418348365, +17867707977 Email: [email protected], [email protected] Website: www.standardintercontinentalsavings.com Be aware that some firms may give out other details or change their contact details over time to new email addresses, telephone numbers, or physical addresses.
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Former Tesla Motors Australia director pleads guilty to insider trading
Former Tesla Motors Australia Pty Ltd (Tesla Australia) director Kurt Schlosser, of Sydney, New South Wales, has pleaded guilty at the Sydney Downing Centre Local Court to two counts of insider trading. On 16 September 2020, Mr. Schlosser acquired 86,478 shares in the mining company Piedmont Lithium Limited after being informed, in his role as...
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Former CEO of van Eyk Research sentenced for breach of directors’ duties
Former van Eyk Research Pty Ltd CEO Mark Peter Thomas has been sentenced to one year and three months imprisonment, to be served by way of an Intensive Correction Order, for using his position as a director dishonestly with the intention of directly or indirectly obtaining an advantage for himself. As part of his sentence,...
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ASIC suspends FTX Australia’s AFS licence
ASIC has suspended the Australian financial services license of FTX Australia Pty Ltd (AFS license 323193) until 15 May 2023 after it was placed into voluntary administration on 11 November 2022. Until 19 December 2022, FTX Australia can continue to provide limited financial services that relate to the termination of existing derivatives with clients. On...
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Unlicensed CFD trader banned from providing financial services for 10 years
Mark Jennings, of Sunshine Coast, Queensland, has been banned from providing financial services and carrying on a financial services business for 10 years after he advertised guaranteed investment returns and traded Contracts for Difference (CFDs) using client funds when he was not licensed. Mr. Jennings, the former director of Suncoast Trading Pty Ltd (in liquidation)...
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FCA bans director from working in financial services after violent criminal conviction
The Financial Conduct Authority has banned Mr. Ashkan Zahedian from working in financial services following his conviction for serious, violent offenses, which took place while he was an approved individual. Mr. Zahedian was the sole director of an authorized consumer credit firm, Vast Cars Limited, and was approved by the FCA as a senior manager....
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