Securities Commission Malaysia Investor Alert List update: 22 companies\' listed \'in April

The Securities Commission Malaysia (SC) has updated its Investor Alert list and according to its website data, 22 unauthorised websites, investment products, companies and individuals have been added to its alert list in April 2023.

Three more on the blacklist! The number of illegal financial websites banned by CONSOB in Italy has increased to 882

CONSOB, Italy\'s financial market regulator, added three more websites to its blacklist for unauthorised financial services. So far, the total number of illegal websites blocked has reached 882.

Maximum civil penalty in CFTC case! The CEO of a South African financial company has been fined more than 3.4 billion dollars

The U.S. Commodity Futures Trading Commission announced, A judge in the District Court for the Western District of Texas ruled against Cornelius Johannes, founder and CEO of Mirror Trading International Proprietary Limited (MTI), a South African financial

The CFTC accused the Fisher Capital platform of an investment scam targeting the elderly

The U.S. Commodity Futures Trading Commission (CFTC) on Tuesday (April 25) filed a civil enforcement action against Fisher Capital and its owner Alexander Spellane for allegedly running a precious metals investment fraud targeting seniors. The Los Angeles

Assurance Cover Australia Pty Ltd Australian financial services licence revoked

The Australian Securities and Investments Commission (ASIC) today announced that it has cancelled the Australian Financial Services (AFS) licence of Assurance Cover Australia Pty Ltd (ACA), with the revocation order effective from 5 April 2023.

A BBC report reveals the vast global fraud network behind EverFX

In December 2022, FX110 network reported in the "Head of Cyprus broker EverFX Arrested, suspected of defrauding billions of Euros!" The article reports that Spanish police have arrested the head of the defunct broker EverFX in Barcelona. Accordi

Daniel O \'Brien: Overthrow the dollar - Will the BRICS replace it?

Since then, Russia\'s economic ambitions have moved from words to deeds. China\'s yuan replaced the US dollar as Russia\'s most commonly used currency on April 4, the latest in a series of moves by BRICS members to de-dollarize in the wake of Russia\'s in

"Bad regulatory environment"? Binance.US cancels $1.3 billion Voyager asset acquisition deal

A spokesperson for Binance.US said ina statement: "The regulatory environment in the United States is hostile and uncertain, creating an unpredictable environment for doing business that has impacted the entire American business community. We are foc

Russia will introduce a new payment system with "no restrictions"

Russian banks have been exploring ways to create digital rubles as a way to move away from the US dollar. According to a July 2021 report by the U.S. Congressional Research Service, the Russian government accelerated its de-dollarization in 2014, noting t

Hong Kong\'s Securities and Futures Commission ordered 10 brokers to freeze client accounts linked to the social media trading scam

The ten brokers involved are as follows: China Industrial Securities International Brokerage Limited, Quam Securities Limited, Futo Securities International (Hong Kong) Limited, Imperium International Securities Limited, Lego Securities Limited, Phillip S

Americans will lose $1.3 billion in 2022 due to love

Be wary of the now-popular 2023 Romance scam, where fraudsters pretend to be rich in cryptocurrency and convince their love targets to invest as well by sending them a link to download an app. The fake app even displays the data as if it were showing your

Canada\'s financial regulator has issued rule changes to strengthen disclosure requirements for investment funds and segregated fund costs

The Canadian Securities Regulatory Commission (CSA) and the Insurance Regulatory Commission of Canada (CCIR) have issued rule changes aimed at strengthening Total Cost reporting (TCR) disclosures for investment Funds and individual Segregated fund contrac

Institutional currency trading volumes rose for the third straight month, with Cboe Posting the largest month-on-month increase

The trading volume of the major institutional platforms in the world for March 2023 has been announced, showing an overall upward trend. The report covers the average daily volume (ADV) of institutional currency trading volumes across six major venues, na

Blacklist update! CySEC has issued a warning against eight illegal investment websites

The Cyprus Securities and Exchange Commission (CySEC) has updated its blacklist of unregulated entities by adding eight new websites belonging to entities that are not authorized to provide investment services and/or carry out investment activities.

Fraud Alert! Dugausbe Bank warns against cloning its new website

Dukascopy Bank, a Swiss financial transaction services provider SA) of the brand to the new one using the web site, https://www.jdh023.top/index/login/login/token/0c1e7103c3e0e56edb5f978f03103f9f. The site is unregulated and does not belong to Dugosbe Ban