Home / 2020 / November (Page 2)

  • FCA warnings to watch today

     
  • UK FCA warns against BeforexCapital with Praxis Cashier and MisterBit

    UK FCA warns against BeforexCapital with Praxis Cashier and MisterBit

    The FCA issued an investor warning on November 9, 2020, against BeforexCapital and Capital Holding Funds allegedly operated by Capital Holdings LLC, St. Vincent & the Grenadines. As payment processors, we have discovered Praxis Cashier with the Estonian crypto exchange MisterBit.

     
  • Regulatory Enforcement – Italian Consob ordered black-out for another five scam brokers

    Regulatory Enforcement – Italian Consob ordered black-out for another five scam brokers

    The Italian Consob is the only EU regulator with the power to block websites of unauthorized financial service providers and scams as a means of regulatory enforcement action. The black-out of the respective website is intended to prevent Italian consumers from accessing these offers and being cheated. On Nov 9, 2020, Consob ordered the black-out of another five websites.

     
  • UK FCA warns against broker scam DGXLTD aka Digital Exchange Limited

    UK FCA warns against broker scam DGXLTD aka Digital Exchange Limited

    The UK FCA has issued an investor warning against the broker scam DGXLTD a/k/a Digital Exchange Limited (www.dgxtd.com, www.dgxltd.io, www.dgxlimited.com). Allegedly the scam is operated by Securex Plus Solutions EOOD, registered in Bulgarian. We have identified the licensed Estonian crypto exchange operator Jubiter (www.jubiter.com) operated by Jubiter Technologies OÜ as the facilitating payment processor.

     
  • Regulatory Enforcement – SEC secured $600 million for harmed investors in 2020

    Regulatory Enforcement – SEC secured $600 million for harmed investors in 2020

    In the fiscal year 2020, the U.S. Securities and Exchange Commission (SEC) dealt with 715 regulatory enforcement actions addressing a broad range of significant issues. Through these actions, the SEC obtained judgments and orders totaling approximately $4.68 billion in disgorgement and penalties and returned more than $600 million to harmed investors.

     
  • SEC awarded more than $32 million in whistleblower awards this week

    SEC awarded more than $32 million in whistleblower awards this week

    Whistleblowers are probably the most powerful weapon of law, tax, and regulatory enforcement to combat fraud and scams. This is especially true for the emerging cybersociety with its borderless scope of action. The U.S. SEC has this week awarded more than €32 million in awards to whistleblowers.

     
  • CONSOB blocks IC Markets with dramatic consequences

    CONSOB blocks IC Markets with dramatic consequences

    the Italian regulator CONSOB announced that the website of IC Markets (a/k/a IC Markets Global) operated by the offshore entity Raw Trading Ltd, BVI, will be blocked. CONSOB will block financial services providers and their websites if they are in breach of regulatory requirements through continued violation of the regulatory provisions.

     
  • Austrian FMA warns against LCoin Market scam powered by PumaTS and Leverate

    Austrian FMA warns against LCoin Market scam powered by PumaTS and Leverate

    Austrian Financial Market Authority FMA has issued an investor warning against the broker scam LCoin Market (www.lcoinmarket.com). This is allegedly operated by Triton Partnership Ltd. on St. Vincent and the Grenadines and uses the white label solution of PumaTS and the Activ8 CySEC regulated Leverate.