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FCA bans and fines James Lewis £120,300 for putting investors at risk

The former CEO of Shard Capital Partners has been fined £120,300 and banned by the Financial Conduct Authority (FCA). James Lewis, the former CEO of Shard Capital Partners, has been fined £120,300 and banned by the FCA following two separate instances of providing incorrect information about clients’ cash purportedly held by Shard. Mr Lewis’ misconduct...

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ESMA asks for input on assets eligible for UCITS

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today publishes a Call for Evidence on the review of the Undertakings for Collective Investment in Transferable Securities (UCITS) Eligible Assets Directive (EAD). The objective of this call is to gather information from stakeholders to assess possible risk and benefits of...

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ASIC issues warning over dodgy cold calling operators and online baiting tactics

ASIC is warning consumers to be wary after an ASIC review identified some cold calling operators using high-pressure sales tactics and online click-bait advertisements to lure consumers into receiving inappropriate superannuation switching advice. These cold calling operators — which make unsolicited calls to consumers after obtaining their personal information from third-party data brokers or by...

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Exposing high-pressure cold calling tactics and social media click-bait leading to superannuation switching

For many Australians, retirement planning is a critical step toward securing their financial future. Australians often look to financial services professionals for support when forging a superannuation strategy that helps ensure they can retire with dignity and reap the benefits of a lifetime of hard work. Australians should be confident these professionals are exercising the...

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ASIC consults on updated guidance for carbon market participants

ASIC has today released a consultation paper on proposed updates to its regulatory guidance for participants in the carbon market in relation to Australian financial services (AFS) licensing requirements. The proposed updates address the implications of the safeguard mechanism reforms to the financial services and markets section of the Corporations Act 2001, as well as...

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ASIC and UK Financial Reporting Council sign agreement to recognise audit qualifications

ASIC and the Financial Reporting Council (FRC) in the United Kingdom (UK) have signed a Memorandum of Understanding (MoU) on Reciprocal Arrangements which sets out the recognition of audit qualifications. The MoU allows auditors who have obtained professional audit qualifications as a statutory auditor in either the Australia or the UK, to apply more easily...

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HUCAPITALLTD

Name: HUCAPITALLTD (www.hucapitalltd.com) Address: 1000 Main St, 12th Floor, Houston, Texas 77002, UNITED STATES OF AMERICA Email: [email protected] Website: www.hucapitalltd.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...

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Ciphertrades

Name: Ciphertrades (www.ciphertrades.co) Address: 1369 Orchard Street, 10th Floor, Bloomington, Minnesota, UNITED STATES OF AMERICA Email: [email protected] Website: www.ciphertrades.co 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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Binatradefx

Name: Binatradefx (www.binatradefx.com) Address: 1000 Main St, 12th Floor, Houston, Texas 77002, UNITED STATES OF AMERICA Email: [email protected] Website: www.binatradefx.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...

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Cwintrading

Name: Cwintrading (www.cwintrading.com) Address: 1000 Main St, 12th Floor, Houston, Texas 77002, UNITED STATES OF AMERICA Email: [email protected] Website: www.cwintrading.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...