/ Financial Markets Authority Financial Markets Authority / 2014-09-30 16:30:33 /help-me-comply/supervisors/getting-licensed/application-form/ Application form 2014-09-30 16:30:33 Financial Markets Authority <p>Securities trustee and statutory supervisor licence applications must be accompanied by three forms:</p> <p>1.    Form TRU1.1 is the application form. It contains the core administrative details necessary to start processing an application. The form contains notes and links to online information sources to assist in completing the form.  It also contains information about how to pay the application fee.</p> <p>2.    Form TRU2.1 is a supporting information checklist and statutory declaration form that must be submitted with your supporting information. It contains an appendix of cover sheets to help us track the information you provide. It also requires you to list all directors and senior managers who will be submitting DIR1.1 forms.</p> <p>3.    Form DIR1.1 collects the information and statutory declarations by directors and senior managers. A separate DIR1.1 form must be completed for every director and senior manager named in form TRU2.1.</p> <p>Forms TRU1.1, TRU2.1 and DIR1.1 are available as downloads below. You must submit your forms electronically and in paper form.</p> <p>Refer to the licensing <a href="http://www.fma.govt.nz//help-me-comply/supervisors/guidance-notes/">guidance note</a> for full details of the information you must submit, and application due dates.</p> <h2>Paper-based submission instructions</h2> <p>Each form must also be printed and signed by the relevant parties and sent to us to us for our records. </p> <p>The TRU1.1 form typically has an earlier submission deadline and should be sent as soon as it has been submitted electronically.</p> <p>TRU2.1 and DIR1.1 forms should be submitted in one package along with all supporting information. Please take care to include the relevant cover sheet on each section of supporting documentation.</p> <p>Please post or courier your paper-based information to our <a href="http://www.fma.govt.nz//about-us/contact-us/office-details/">Wellington office</a>, clearly marking it for the attention of the Trustee and Statutory Supervisor licence application team.</p> /laws-we-enforce/guidance/ Guidance 2014-09-30 16:30:33 Financial Markets Authority <p><strong>Our guidance:</strong></p> <ul> <li>explains when and how we will exercise specific powers under legislation</li> <li>explains how we interpret the law</li> <li>describes the principles underlying our approach</li> <li>gives practical examples about how to meet obligations.</li> </ul> <p class="Default"><strong>GUIDANCE NOTES:</strong> provide guidance on a topic or topic theme. Typically we will seek industry feedback via a public consultation paper, or more targeted consultation before we release a guidance note.</p> <p class="Default"><strong>INFORMATION SHEETS:</strong> provide concise guidance on a specific process or compliance issue or an overview of detailed guidance.</p> <p>You might also like to check our past <a href="http://www.fma.govt.nz//keep-updated/reports-and-papers/">reports and papers</a> section. For example, our monitoring reports describe actual practice we are seeing and our comments on this.<a href="http://www.fma.govt.nz//help-me-comply/issuers/financial-reporting-updates-and-guidance-notes/"></a></p> <p><strong>See guidance for:</strong></p> <p><a href="http://www.fma.govt.nz//help-me-comply/issuers/financial-reporting-updates-and-guidance-notes/">Issuers</a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/supervisors/guidance-notes/"> Trustees</a><a href="http://www.fma.govt.nz//help-me-comply/financial-advisers/guidance-notes/"></a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/financial-advisers/guidance-notes/"> Financial Advisers</a><a href="http://www.fma.govt.nz//help-me-comply/brokers-custodians/guidance-notes/"></a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/brokers-custodians/guidance-notes/">Brokers and Custodians</a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/superannuation/guidance-notes/"> Superannuation</a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/kiwisaver/guidance-notes/"> KiwiSaver</a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/guidelines-and-codes-of-practice/">AML/CFT Guidelines and Codes of Practice</a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/financial-service-providers/who-needs-to-comply/">Financial Service Providers</a></p> /help-me-comply/supervisors/guidance-notes/ Guidance Notes 2014-09-30 16:30:32 Financial Markets Authority <table> <tbody> <tr> <td>From 1 December 2014, offers of financial products can be made under the new Financial Markets Conduct Act (FMC Act) regime. If you are supervising offers made under the FMC Act regime, additional obligations apply. See <a href="http://fma.govt.nz/help-me-comply/new-accountability-framework-for-financial-products/guidance/">here</a> for guidance relating to governance under the FMC Act.</td> </tr> </tbody> </table> <h3>Guidance Note: Monitoring by Securities Trustees and Statutory Supervisors</h3> <p>This <a href="http://www.fma.govt.nz//assets/guidance-note-monitoring-by-securities-trustees-and-statutory-supervisors-final.pdf" target="_blank">guidance note</a> is for licensed securities trustees and statutory supervisors.  It sets out the Financial Market Authority's (FMA) expectations of how they will carry out their monitoring functions effectively.</p> <h3>Guidance Note: Securities Trustees and Statutory Supervisors</h3> <p>This <a href="http://www.fma.govt.nz//assets/media/382290/guidance-note-securities-trustees-and-statutory-supervisor-licencing.pdf" target="_blank">guidance note</a> is for persons wishing to apply to FMA for licences under the Act. It explains the key steps involved in licensing and the licensing timetable. It also specifies the licensing criteria and describes the information FMA requires to determine whether an applicant is capable of effectively performing the functions of a trustee or statutory supervisor for the security or retirement village covered by the licence for which it is applying.</p> <h4><a href="http://www.fma.govt.nz//help-me-comply/kiwisaver/guidance-notes/guidance-note-monitoring-investment-risk-in-kiwisaver-schemes/">Guidance Note: Monitoring Investment Risk in KiwiSaver Schemes (March 2014)</a></h4> /laws-we-enforce/policy/closed-consultations/consultation-paper-the-new-accountability-framework-governance-under-part-4-of-the-fmc-act Consultation Paper: The new accountability framework - Governance under Part 4 of the FMC Act 2014-09-30 16:24:09 Financial Markets Authority <p><strong>30 September 2014</strong></p> <p>In June 2014, the FMA consulted on the <a href="http://www.fma.govt.nz/assets/media/1984324/governance-consultation-paper.pdf" target="_blank">new governance and accountability framework under Part 4 of the FMC Act</a>.</p> <p>10 submissions were received. A summary of the submission feedback can be downloaded below.</p> <p>Many of the comments were incorporated into a <a href="http://www.fma.govt.nz//assets/Report-and-Papers/Guidance-Note-Governance-under-Part-4-of-the-FMC-Act.pdf" target="_blank">guidance note</a>, outlining our expectations for governance under Part 4 of the FMC Act. Other comments will be considered as part of the development of guidance on specific governance aspects.</p> <div id="file-attachments"> <h2>File Attachments</h2> <ul> <li><a href="http://www.fma.govt.nz//assets/media/1984324/governance-consultation-paper.pdf" target="_blank">Consultation Paper: The new accountability framework - Governance under Part 4 of the FMC Act</a> </li> <li><a style="font: 14px/20px &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; color: rgb(0, 174, 240); text-transform: none; text-indent: 0px; letter-spacing: normal; padding-right: 0px; padding-left: 0px; text-decoration: underline; word-spacing: 0px; white-space: normal; font-size-adjust: none; font-stretch: normal; background-color: rgb(255, 255, 255); -webkit-text-stroke-width: 0px;" href="http://fma.govt.nz/assets/Report-and-Papers/Response-to-submissions-Consultation-paper-The-new-accountability-framework-Governance-under-Part-4-of-the-FMC-Act.pdf" target="_blank">Response to submissions -Consultation paper: The new accountability framework – Governance under Part 4 of the FMC Act</a></li> </ul> </div> /help-me-comply/new-accountability-framework-for-financial-products/guidance/ Guidance 2014-09-30 16:14:58 Financial Markets Authority <p><a href="http://www.fma.govt.nz//assets/Report-and-Papers/Guidance-Note-Governance-under-Part-4-of-the-FMC-Act.pdf" target="_blank"><b>Guidance note: Governance under Part 4 of the FMC Act</b></a></p> <p>This guidance note outlines our expectations for how issuers of debt securities, managers of managed investment schemes and their supervisors should approach their governance accountabilities and responsibilities.</p> <p>It describes how the overarching duties of care, acting in the best interests of clients, and fair dealing set the scene for how each participant meet their governance responsibilities. It also describes how participants must interact with each other and with the FMA.</p> <p>The guidance note also addresses the need for governing documents to be effective and fit for purpose. More detailed guidance on SIPOs will be available later in 2014.</p> <p>This guidance note was published in September 2014, following a consultation in June 2014. You can read a summary of the feedback received on our <a href="http://www.fma.govt.nz/laws-we-enforce/policy/closed-consultations/consultation-paper-the-new-accountability-framework-governance-under-part-4-of-the-fmc-act">consultation page</a>.</p> /help-me-comply/new-accountability-framework-for-financial-products/whats-changing/ What's Changing? 2014-09-30 15:57:13 Financial Markets Authority <p>Part 4 of the FMC Act resets the accountability framework for managed investment schemes and debt securities from 1 December 2014.<br><br>It imposes statutory duties of care on Licensed Supervisors and on Managers of managed investments schemes.  Managers of managed investment schemes must also act in the best interests of investors.  These general good conduct duties set the tone for the overall accountability framework and apply in addition to the more specific duties relating to particular circumstances.<br><br>Ensuring that Managers and Supervisors have a clear understanding of their respective roles, and holding them to account, is central to building investor trust.<br><br>Detailed transitional provisions for moving across to the new regime are contained in Schedule 4 of the FMC Act.</p> <p>Key changes include:</p> <ul> <li>New requirements and obligations for Licensed Supervisors and Managers of managed investment schemes, as well as Issuers of debt securities and Trustees of restricted schemes.</li> <li>New requirements for schemes to be registered and new custody obligations for registered schemes.</li> <li>New licence requirements for Managers. (Read more about the licensing of Managers <a href="http://www.fma.govt.nz//help-me-comply/new-licences-for-financial-market-services/managed-investment-scheme-manager/">here</a>).</li> <li>New requirements for restricted schemes to have a Licensed Independent Trustee.  (Read more about the licensing of independent trustees <a href="http://www.fma.govt.nz//help-me-comply/new-licences-for-financial-market-services/independent-trustee/">here</a>).</li> <li>New powers of intervention for Supervisors and FMA, as well as ongoing register and record-keeping duties for Issuers of all regulated products.</li> </ul> <p>Our governance and accountability information factsheets summarise the key accountabilities and responsibilities under the FMC Act for:</p> <ul> <li><a href="http://www.fma.govt.nz//assets/media/1054639/new-governance-and-accountability-framework-for-mis-managers-and-their-licensed-supervisors.pdf" target="_blank">MIS managers and their licensed supervisors</a></li> <li><a href="http://www.fma.govt.nz//assets/media/100/new-governance-and-accountability-framework-for-debt-issuers-and-their-licensed-supervisors.pdf" target="_blank">Debt issuers and their licensed supervisors</a></li> <li><a href="http://www.fma.govt.nz//assets/media/100/new-governance-and-accountability-framework-for-restricted-schemes-and-their-trustees.pdf" target="_blank">Restricted schemes and their trustees</a>.</li> </ul> <p>Our guidance note, <a href="http://www.fma.govt.nz//assets/Report-and-Papers/Guidance-Note-Governance-under-Part-4-of-the-FMC-Act.pdf" target="_blank">Governance under Part 4 of the FMC Act</a> outlines our expectations for how issuers of debt securities, managers of managed investment schemes and their supervisors should approach their governance responsibilities and accountabilities.</p> <p>The new FMC Act governance requirements come into effect from 1 December 2014. However, there is a two year transition period for entities to comply with the new regime. See the <a href="http://www.fma.govt.nz//help-me-comply/new-accountability-framework-for-financial-products/timeline-for-change/">timeline for change</a> for more details.</p> <p>As Regulations are developed we will update these pages with more details on any new obligations.</p> /help-me-comply/new-accountability-framework-for-financial-products/timeline-for-change/ Timeline for Change 2014-09-30 15:16:20 Financial Markets Authority <p>The new FMC Act Part 4 accountability requirements come into effect from 1 December 2014. However, there is a two year transition period to comply with the regime.</p> <h3>Transition period for Managed Investment Schemes (MIS)</h3> <p>The table below sets out the key dates for Managers of MIS and Trustees of restricted schemes.</p> <p><img class="leftAlone" title="Transition Timeline" alt="Transition Timeline" src="http://www.fma.govt.nz/assets/media/1948743/transition-timeline-493x110.jpg"></p> <ul> <li>Manager can select an 'Effective Date' any time between 1 December 2014 and 1 December 2016 to come into the new regime.</li> <li>Manager must give 20 working days notification of Effective Date to the Registrar.</li> <li>Former enactments continue to apply until Effective Date.  After Effective Date FMC Act applies to the securities.</li> <li>Copy of governing document (FMC Act compliant) must be lodged with Registrar before Effective Date.</li> <li>Issuer must give specified information to Registrar and FMA before Effective Date.</li> <li>Subject to compliance with registration requirements, on/after Effective Date the Registrar amends the register to include the MIS.</li> <li>Must not make regulated offer / accept contributions if transitional requirements not complied with.</li> </ul> <p>Our information sheet factsheet on <a href="http://www.fma.govt.nz//assets/media/1054639/preparing-for-the-fmc-act-transition-for-managed-investment-schemes.pdf" target="_blank">transition for Managed Investment Schemes</a>  summarises what needs to be in place by the effective date, and the transitional registration arrangements.</p> <p>For more details on timings for the FMC Act, see the full <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/timeline-for-change/">implementation timetable</a><a href="http://www.fma.govt.nz/keep-updated/the-future-of-financial-markets/timeline-for-change/"></a>.</p> /help-me-comply/futures-dealers/list-of-authorised-futures-dealers/ List of Authorised Futures Dealers 2014-09-30 15:04:56 Financial Markets Authority <p>The Financial Markets Authority (FMA) publishes this information for public use.  This list does not supersede the Authorised Futures Dealers Notices (Notices) published in the Gazette from time to time.  For full details of the authorisation granted to a particular entity, you should obtain a copy of the relevant Notice.  To access the Notices visit <a href="http://www.dia.govt.nz/Services-New-Zealand-Gazette-Index">New Zealand Gazette</a>.</p> <p>If you consider your firm ought to be added to this list and/or the description of your firm's authorisation requires updating please e-mail questions@fma.govt.nz.</p> <table class="advisers"> <thead> <tr><th>Authorised Futures Dealer</th><th>Gazette Notice Reference</th><th>Summary of Authorisation</th><th>Expiry Date</th></tr> </thead> <tbody> <tr> <td>Advanced Metering Assets Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>AMP Capital Investors (New Zealand) Limited</td> <td>Authorised Futures Dealers (No.9) Notice 1994</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> <tr> <td>Arrowstreet Capital, Limited Partnership</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>BBY (NZ) Limited</td> <td>Authorised Futures Dealers (Edge Capital Markets Limited)Notice 2011</td> <td>Providing a futures adviser or introducingbroker or managed account service.</td> <td>28 Nov-14</td> </tr> <tr> <td>B T Funds Management (NZ) Limited</td> <td>Authorised Futures Dealers (No.5) Notice 1998</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a fund manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> <tr> <td>Bank of New York Mellon</td> <td>Authorised Futures Dealers (Bank of New York Mellon) Notice 2011</td> <td>Advising on futures contracts to wholesale clients</td> <td>Mar-16</td> </tr> <tr> <td>Barclays Bank PLC</td> <td>Authorised Futures Dealers (Barclay's Bank PLC) Notice 2011</td> <td>Dealing in futures contracts generally on behalf of wholesale clients</td> <td>Jul-16</td> </tr> <tr> <td>Centurion Finance Limited</td> <td>Authorised Futures Dealers (Centurion Finance Limited) Notice 2011</td> <td>Issuing foreign exchange futures contracts</td> <td>Oct-14</td> </tr> <tr> <td>CMC Markets NZ Limited</td> <td>Authorised Futures Dealers (CMC Markets NZ Limited) Notice 2011</td> <td>Issuing over the counter and foreign exchange futures contracts</td> <td>Oct-14</td> </tr> <tr> <td>Colchester Global Investors Limited</td> <td>Authorised Futures Dealers (Colchester Global Investors Limited) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>Contact Energy Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Cooperative Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)</td> <td>Authorised Futures Dealers (Rabobank Nederland) Notice 2010</td> <td>Dealing in futures contracts off exchange on behalf of wholesale clients</td> <td>Jul-15</td> </tr> <tr> <td>Direct FX Limited</td> <td>Authorised Futures Dealers (Direct FX Limited) Notice 2009</td> <td>Advising on futures contracts to wholesale clients</td> <td>Feb-14</td> </tr> <tr> <td>Electricity Corporation of New Zealand Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Elementum (Bermuda) Limited</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>Elementum Advisors LLC</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>Energy Link Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Energywise Solutions Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 31 March 2011</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td> <p>Fonterra Commodities Limited</p> </td> <td> <p>Authorised Futures Dealers (Fonterra Commodities Limited) Notice 2013</p> </td> <td> <p>Advising on futures contracts to wholesale clients</p> </td> <td>Feb-18</td> </tr> <tr> <td>Genesis Power Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 8 July 1999</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Global Brokers (NZ) Limited</td> <td>Authorised Futures Dealers (Global Brokers (NZ) Limited) Notice 2012</td> <td>Dealing in futures contracts generally</td> <td>Nov-14</td> </tr> <tr> <td>Harlow Butler (NZ) Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>HiFX Limited</td> <td>Authorised Futures Dealers (HiFX Limited) Notice 2013</td> <td>Issuing forward foreign exchange futures contracts; and advising on forward foreign exchange futures contracts to wholesale clients</td> <td>Mar-18</td> </tr> <tr> <td>ICAP Brokers Pty Limited</td> <td>Authorised Futures Dealers (ICAP Brokers Pty Limited) Notice 2013</td> <td>Advising on futures contracts to wholesale clients</td> <td>Sep-17</td> </tr> <tr> <td>ICAP New Zealand Limited</td> <td>Authorised Futures Dealers (ICAP New Zealand Limited) Notice 2011</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-16</td> </tr> <tr> <td>IG Markets Limited</td> <td>Authorised Futures Dealers (IG Markets Limited) Notice 2009</td> <td>Issuing over-the-counter futures contracts</td> <td>28 Nov-14</td> </tr> <tr> <td>J.P. Morgan Australia Limited</td> <td>Authorised Futures Dealers (JPMorgan Chase Bank Limited, NA and J.P. Morgan Australia Limited) Notice 2013</td> <td>Advising on off exchange futures contracts to wholesale clients that JPMorgan Chase Bank Limited, National Association is a party to</td> <td>Nov-16</td> </tr> <tr> <td>J.P. Morgan Markets Australia PTY Limited</td> <td>Authorised Futures Dealers Notice 2006</td> <td>Dealing in future contracts generally on behalf of wholesale clients</td> <td>N/A</td> </tr> <tr> <td>J.P. Morgan Securities Australia Limtied</td> <td>Authorised Futures Dealers (J.P. Morgan Securities Australia Limtied) Notice 2010</td> <td>Dealing in futures contracts generally on behalf of wholesale clients</td> <td>Nov-15</td> </tr> <tr> <td>JPMorgan Chase Bank Limited, National Association</td> <td>Authorised Futures Dealers (JPMorgan Chase Bank Limited, NA and J.P. Morgan Australia Limited) Notice 2013</td> <td>Issuing futures contracts to wholesale clients</td> <td>Nov-16</td> </tr> <tr> <td>KVB Kunlun New Zealand Limited</td> <td>Authorised Futures Dealers (KVB Kunlun New Zealand Limited) Notice 2013</td> <td>Dealing in futures contracts generally</td> <td>Nov-16</td> </tr> <tr> <td>Macquarie Bank Limited</td> <td>Authorised Futures Dealers (Macquarie Bank Limited) Notice 2009</td> <td>Dealing in futures contracts generally on behalf of wholesale clients</td> <td>Nov-14</td> </tr> <tr> <td>MainPower New Zealand Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>MCI Markets Limited</td> <td>Authorised Futures Dealers (MCI Markets Limited) Notice 2012</td> <td>Issuing over-the-counter futures contracts</td> <td>Jul-14</td> </tr> <tr> <td>Meridian Energy Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 18 December 2003</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Mighty River Power Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 15 June 2000</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Millenium Capital Management (New Zealand)</td> <td>Authorised Futures Dealers (Millenium Capital Management (New Zealand)) Notice 2012</td> <td>Advising on futures contracts to wholesale clients as a fund manager or as an investment adviser or as an investment manager for a fund manager of a fund.</td> <td>Dec-17</td> </tr> <tr> <td>MS Capital Management Limited</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>New Zealand Assets Management Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1998</td> <td>Advising in futures contracts  for the purpose of its investment portfolio management business</td> <td>N/A</td> </tr> <tr> <td>Onepath NZ Limited</td> <td>Authorised Futures Dealers Notice 1994</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> <tr> <td>Orion New Zealand Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Pacific Financial Derivatives Limited</td> <td>Authorised Futures Dealers (Pacific Financial Derivatives Limited) Notice 2011</td> <td>Dealing in futures contracts generally</td> <td>28 Nov-14</td> </tr> <tr> <td>PricewaterhouseCoopers</td> <td> <p><span style="font-family: &quot;Calibri&quot;,&quot;sans-serif&quot;; font-size: 11pt; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-fareast-language: EN-NZ; mso-ansi-language: EN-NZ; mso-bidi-language: AR-SA;">Authorised FuturesDealers PricewaterhouseCoopers) Notice 2013</span></p> </td> <td><span style="font-family: &quot;Calibri&quot;,&quot;sans-serif&quot;; font-size: 11pt; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-fareast-language: EN-NZ; mso-ansi-language: EN-NZ; mso-bidi-language: AR-SA;">Advising on futures contracts to wholesale clients</span></td> <td><span style="font-family: &quot;Calibri&quot;,&quot;sans-serif&quot;; font-size: 11pt; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-fareast-language: EN-NZ; mso-ansi-language: EN-NZ; mso-bidi-language: AR-SA;">Nov -16</span></td> </tr> <tr> <td>Pure Capital Limited</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>QS Investors LLC</td> <td>Authorised Futures Dealers (QS Investors LLC) Notice 2011</td> <td>Advising on futures contracts to wholesale clients</td> <td>Apr-16</td> </tr> <tr> <td>RMB Australia Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Shell Eastern Trading Pte Limited</td> <td>Authorised Futures Dealers (Shell Eastern Trading Pte Limited) Notice 2011</td> <td>Issuing oil price futures contracts or carbon price futures contracts to wholeshale clients</td> <td>Jul-16</td> </tr> <tr> <td>Simply Energy Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 7 April 2011</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Strategic Capital Markets Limited</td> <td>Authorised Futures Dealers (Strategic Capital Markets Limited) Notice 2011</td> <td>Providing a futures adviser or introducing broker or managed account service</td> <td>Sep-14</td> </tr> <tr> <td>Tararua Wind Power Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 8 October 1998</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Total Utilities Management Group</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 24 November 2011</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Tower Financial Services Group Limited</td> <td>Authorised Futures Dealers (No.12) Notice 1994</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> <tr> <td>Trafalgar Copley Limited</td> <td>Authorised Futures Dealers (No.2) Notice 2007 - amended 31 May 2012</td> <td>Advising on futures contracts to wholesale clients as an investment adviser or as an investment manager for a fund manager of a fund.</td> <td>Apr-17</td> </tr> <tr> <td>TransPower New Zealand Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>TrustPower Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 8 July 1999</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Tyndall Investment Management New Zealand Limited</td> <td>Authorised Futures Dealers (No.2) Notice 1996</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> </tbody> </table> <p><em>Note - should you try to access the Notices on the <a href="http://www.dia.govt.nz/Services-New-Zealand-Gazette-Index">New Zealand Gazette</a>, you should refine the search to the full name of the Notice and the year of publication; or if it is an amended Notice, the full name of the Notice and the year of the amendment.</em></p> <h2><strong>Authorised Futures Exchanges and Authorised Futures Dealers Notices which include more than one entity</strong></h2> <ul> <li><strong>Authorised Futures Exchanges</strong></li> </ul> <p>No person may carry on the business of dealing in futures contracts unless that person is authorised by the FMA, or has been approved under the rules of  an authorised futures exchange to carry on the business of dealing in futures contracts in accordance with the rules of that exchange.  The authorised futures exchanges include:</p> <ul> <li>NZX Limited (the NZX Derivatives Market)</li> <li>Australian Securities Exchange Limited (the ASX 24 Market)</li> <li>ICE Futures Europe</li> <li>ICE Futures U.S., Inc.</li> </ul> <p>Currently only NZX Derivative Market Participants would qualify as being approved under the rules of an authorised futures exchange to carry on the business of dealing in futures contracts.</p> <ul> <li><strong>Authorised Futures Dealers Notice (no.2) 2004</strong></li> </ul> <p>Every ASX24 Participant is authorised to carry on the business of dealing in futures contracts that are made on or effected through the ASX 24 Market.</p> <p>ASX 24 Participants would need to seek further authorisation from FMA in order to deal with New Zealand clients in over-the-counter futures contracts or contracts offered on other exchanges.</p> <ul> <li><strong>Authorised Futures Dealers (NZCDC Settlement System and NZX Derivatives Market) Notice 2010</strong></li> </ul> <p>New Zealand Clearing and Depository Corporation Limited's (NZCDC) wholly owned subsidiaries, NZ Clearing Limited, NZ Depository Limited and NZ Depository Nominees Limited are authorised to carry on the business of dealing in futures contracts generally for the purpose of, or in connection with, the operation of the NZCDC settlement system.</p> <p>Similarly, every person who is both a clearing participant and depository participant is authorised to carry on the business of dealing in futures contracts generally for the purpose of the NZCDC settlement system.</p> <ul> <li><strong>Authorised Futures Dealers (Financial Transmission Rights) Notice 2012</strong></li> </ul> <p>The Electricity Industry Participation of Code 2010 (the Code) allows for the creation and auctioning of financial transmission rights (FTRs) in an inter-island FTR market.  The Authorised Futures Dealers (Financial Transmission Rights) Notice 2012 authorises the FTR manager and Clearing Manager.  Energy Market Services (a commercial business group within Transpower NZ Ltd) and NZX Limited have been appointed by the Electricity Authority to perform the respective roles of FTR manager &amp; Clearing manager under the Code) to deal in futures contracts that are FTRs as part of their respective roles managing the FTR auctions and settlement of FTRs under the Code.</p> <ul> <li><strong>Authorised Future Dealers (iPredict Limited) Notice 2011</strong></li> </ul> <p>iPredict Limited operates a predictions market.  The contracts which may be traded on the market are contracts linked to political, economic or sociological events.  These contracts are declared to be futures contacts pursuant to the Futures Contracts (iPredict Limited) Declaration and Exemption Notice 2008.  iPredict is authorised to carry on the business of dealing in futures contract to which the market provider or clearing house, is or intends, to be a party and which are traded on its market.  A condition of its authorisation is that iPredict's website must contain, in a prominent place, a statement to the effect that the markets operated by the market provider are intended as research and educational facility, not as an investment market or a gambling facility, and the market provider has been authorised to act as a futures dealer, and the contracts traded are treated as futures contracts in New Zealand law, in order to provide certainty as to the legal treatment of the contracts.  iPredict's exemption also includes financial caps on the amounts participants can deposit into, and hold in, their accounts.</p> /help-me-comply/futures-dealers/your-obligations/ Your Obligations 2014-09-30 12:32:33 Financial Markets Authority <p>Authorised futures dealers must comply on an on-going basis with their obligations, as set out in the conditions of their authorisation by FMA and the Futures Industry (Client Funds) Regulations 1990 (if applicable).</p> <h3>Conditions of authorisation</h3> <p>Each dealer's conditions are tailored to the type of business it undertakes and are set out in its Authorisation Notice (published in the Gazette). They may include matters such as:</p> <ul> <li>the types of clients that the dealer may trade for</li> <li>capital and professional indemnity insurance requirements</li> <li>information for clients on the products</li> <li>client funds obligations (if regulations relating to client funds don't apply)</li> <li>disclosure and provision of appropriate advice or discretionary management services (when relevant)</li> <li>obligations to disclose information to FMA.</li> </ul> <p>Dealers which provide services only to wholesale customers generally have fewer higher level obligations, focused on restricting clients to wholesale clients, capital adequacy and client funds.</p> <p>See the List of <a href="http://www.fma.govt.nz//laws-we-enforce/registers/list-of-authorised-futures-dealers/">Authorised Futures Dealers</a> for specific notices and Appendix A of the <a href="http://www.fma.govt.nz//assets/media/1772287/application-guide-authorisation-of-futures-dealers-final.pdf" target="_blank">Application Guide</a> for example conditions.</p> <h3>Client Funds obligations</h3> <p>The Futures Industry (Client Funds) Regulations 1990 prescribe rules regarding the operation of client funds accounts and require funds to be kept seperate from the dealer's operating accounts. These rules seek to protect client money and property in cases where the dealer becomes insolvent.</p> <p>Authorised futures dealers must comply with the Regulations, unless they are dealers who deal solely on their own account. This means that any dealer who acts as an intermediary in respect of futures contracts is required to comply with the Regulations, in respect of their whole business, including when issuing futures contracts as principal.</p> <p>A dealer dealing solely on its own account is not subject to the Client Funds Regulations, but the conditions of authorisation may impose the requirements of the Client Funds Regulations (or specified regulations).</p> <p>See <a href="http://www.fma.govt.nz//help-me-comply/futures-dealers/client-funds-regulations-and-exemptions/">here</a> for more information about the Regulations and exemptions.</p> /laws-we-enforce/registers/ Registers 2014-09-30 12:32:33 Financial Markets Authority <p>The Financial Markets Authority oversees a number of registers.</p> <p><a href="http://www.fma.govt.nz//laws-we-enforce/registers/complying-superannuation-fund-register/"> Complying Superannuation Fund Register</a></p> <p><a href="http://www.fma.govt.nz//laws-we-enforce/registers/kiwisaver-exempt-employer-listing/"> KiwiSaver Exempt Employer Listing</a></p> <p><a href="http://www.fma.govt.nz//laws-we-enforce/registers/kiwisaver-schemes-register/"> KiwiSaver Schemes Register</a></p> <p><a href="http://www.fma.govt.nz//laws-we-enforce/registers/list-of-qualifying-financial-entities-qfe/"> List of Qualifying Financial Entities</a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/financial-advisers/how-to-get-licensed/afa-application-resources-and-templates/list-of-authorised-financial-advisers-afa/"> List of Authorised Financial Advisers</a></p> <p><a href="http://www.fma.govt.nz//laws-we-enforce/registers/list-of-aml-reporting-entities/"> List of AML Reporting Entities</a></p> <p><a href="http://www.business.govt.nz/companies/auditors-register">Auditors Register</a></p> <p><a href="http://www.fma.govt.nz//laws-we-enforce/registers/list-of-authorised-futures-dealers/"> List of Authorised Futures Dealers</a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/supervisors/licensed-supervisors/">List of Licensed Trustees and Statutory Supervisors</a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/peer-to-peer-lending/list-of-licensed-peer-to-peer-lending-services/">List of Licensed Peer-to-Peer Lending Services</a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/crowd-funding/list-of-licensed-crowd-funding-services/">List of Licensed Crowd Funding Services</a></p> /laws-we-enforce/registers/list-of-authorised-futures-dealers/ List of Authorised Futures Dealers 2014-09-30 12:32:33 Financial Markets Authority <p>The Financial Markets Authority (FMA) publishes this information for public use.  This list does not supersede the Authorised Futures Dealers Notices (Notices) published in the Gazette from time to time.  For full details of the authorisation granted to a particular entity, you should obtain a copy of the relevant Notice.  To access the Notices visit <a href="http://www.dia.govt.nz/Services-New-Zealand-Gazette-Index">New Zealand Gazette</a>.</p> <p>If you consider your firm ought to be added to this list and/or the description of your firm's authorisation requires updating please e-mail questions@fma.govt.nz.</p> <table class="advisers"> <thead> <tr><th>Authorised Futures Dealer</th><th>Gazette Notice Reference</th><th>Summary of Authorisation</th><th>Expiry Date</th></tr> </thead> <tbody> <tr> <td>Advanced Metering Assets Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>AMP Capital Investors (New Zealand) Limited</td> <td>Authorised Futures Dealers (No.9) Notice 1994</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> <tr> <td>Arrowstreet Capital, Limited Partnership</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>BBY (NZ) Limited</td> <td>Authorised Futures Dealers (Edge Capital Markets Limited)Notice 2011</td> <td>Providing a futures adviser or introducingbroker or managed account service.</td> <td>28 Nov-14</td> </tr> <tr> <td>B T Funds Management (NZ) Limited</td> <td>Authorised Futures Dealers (No.5) Notice 1998</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a fund manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> <tr> <td>Bank of New York Mellon</td> <td>Authorised Futures Dealers (Bank of New York Mellon) Notice 2011</td> <td>Advising on futures contracts to wholesale clients</td> <td>Mar-16</td> </tr> <tr> <td>Barclays Bank PLC</td> <td>Authorised Futures Dealers (Barclay's Bank PLC) Notice 2011</td> <td>Dealing in futures contracts generally on behalf of wholesale clients</td> <td>Jul-16</td> </tr> <tr> <td>Centurion Finance Limited</td> <td>Authorised Futures Dealers (Centurion Finance Limited) Notice 2011</td> <td>Issuing foreign exchange futures contracts</td> <td>Oct-14</td> </tr> <tr> <td>CMC Markets NZ Limited</td> <td>Authorised Futures Dealers (CMC Markets NZ Limited) Notice 2011</td> <td>Issuing over the counter and foreign exchange futures contracts</td> <td>Oct-14</td> </tr> <tr> <td>Colchester Global Investors Limited</td> <td>Authorised Futures Dealers (Colchester Global Investors Limited) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>Contact Energy Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Cooperative Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland)</td> <td>Authorised Futures Dealers (Rabobank Nederland) Notice 2010</td> <td>Dealing in futures contracts off exchange on behalf of wholesale clients</td> <td>Jul-15</td> </tr> <tr> <td>Direct FX Limited</td> <td>Authorised Futures Dealers (Direct FX Limited) Notice 2009</td> <td>Advising on futures contracts to wholesale clients</td> <td>Feb-14</td> </tr> <tr> <td>Electricity Corporation of New Zealand Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Elementum (Bermuda) Limited</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>Elementum Advisors LLC</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>Energy Link Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Energywise Solutions Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 31 March 2011</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td> <p>Fonterra Commodities Limited</p> </td> <td> <p>Authorised Futures Dealers (Fonterra Commodities Limited) Notice 2013</p> </td> <td> <p>Advising on futures contracts to wholesale clients</p> </td> <td>Feb-18</td> </tr> <tr> <td>Genesis Power Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 8 July 1999</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Global Brokers (NZ) Limited</td> <td>Authorised Futures Dealers (Global Brokers (NZ) Limited) Notice 2012</td> <td>Dealing in futures contracts generally</td> <td>Nov-14</td> </tr> <tr> <td>Harlow Butler (NZ) Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>HiFX Limited</td> <td>Authorised Futures Dealers (HiFX Limited) Notice 2013</td> <td>Issuing forward foreign exchange futures contracts; and advising on forward foreign exchange futures contracts to wholesale clients</td> <td>Mar-18</td> </tr> <tr> <td>ICAP Brokers Pty Limited</td> <td>Authorised Futures Dealers (ICAP Brokers Pty Limited) Notice 2013</td> <td>Advising on futures contracts to wholesale clients</td> <td>Sep-17</td> </tr> <tr> <td>ICAP New Zealand Limited</td> <td>Authorised Futures Dealers (ICAP New Zealand Limited) Notice 2011</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-16</td> </tr> <tr> <td>IG Markets Limited</td> <td>Authorised Futures Dealers (IG Markets Limited) Notice 2009</td> <td>Issuing over-the-counter futures contracts</td> <td>28 Nov-14</td> </tr> <tr> <td>J.P. Morgan Australia Limited</td> <td>Authorised Futures Dealers (JPMorgan Chase Bank Limited, NA and J.P. Morgan Australia Limited) Notice 2013</td> <td>Advising on off exchange futures contracts to wholesale clients that JPMorgan Chase Bank Limited, National Association is a party to</td> <td>Nov-16</td> </tr> <tr> <td>J.P. Morgan Markets Australia PTY Limited</td> <td>Authorised Futures Dealers Notice 2006</td> <td>Dealing in future contracts generally on behalf of wholesale clients</td> <td>N/A</td> </tr> <tr> <td>J.P. Morgan Securities Australia Limtied</td> <td>Authorised Futures Dealers (J.P. Morgan Securities Australia Limtied) Notice 2010</td> <td>Dealing in futures contracts generally on behalf of wholesale clients</td> <td>Nov-15</td> </tr> <tr> <td>JPMorgan Chase Bank Limited, National Association</td> <td>Authorised Futures Dealers (JPMorgan Chase Bank Limited, NA and J.P. Morgan Australia Limited) Notice 2013</td> <td>Issuing futures contracts to wholesale clients</td> <td>Nov-16</td> </tr> <tr> <td>KVB Kunlun New Zealand Limited</td> <td>Authorised Futures Dealers (KVB Kunlun New Zealand Limited) Notice 2013</td> <td>Dealing in futures contracts generally</td> <td>Nov-16</td> </tr> <tr> <td>Macquarie Bank Limited</td> <td>Authorised Futures Dealers (Macquarie Bank Limited) Notice 2009</td> <td>Dealing in futures contracts generally on behalf of wholesale clients</td> <td>Nov-14</td> </tr> <tr> <td>MainPower New Zealand Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>MCI Markets Limited</td> <td>Authorised Futures Dealers (MCI Markets Limited) Notice 2012</td> <td>Issuing over-the-counter futures contracts</td> <td>Jul-14</td> </tr> <tr> <td>Meridian Energy Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 18 December 2003</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Mighty River Power Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 15 June 2000</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Millenium Capital Management (New Zealand)</td> <td>Authorised Futures Dealers (Millenium Capital Management (New Zealand)) Notice 2012</td> <td>Advising on futures contracts to wholesale clients as a fund manager or as an investment adviser or as an investment manager for a fund manager of a fund.</td> <td>Dec-17</td> </tr> <tr> <td>MS Capital Management Limited</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>New Zealand Assets Management Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1998</td> <td>Advising in futures contracts  for the purpose of its investment portfolio management business</td> <td>N/A</td> </tr> <tr> <td>Onepath NZ Limited</td> <td>Authorised Futures Dealers Notice 1994</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> <tr> <td>Orion New Zealand Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Pacific Financial Derivatives Limited</td> <td>Authorised Futures Dealers (Pacific Financial Derivatives Limited) Notice 2011</td> <td>Dealing in futures contracts generally</td> <td>28 Nov-14</td> </tr> <tr> <td>PricewaterhouseCoopers</td> <td> <p>Authorised FuturesDealers PricewaterhouseCoopers) Notice 2013</p> </td> <td>Advising on futures contracts to wholesale clients</td> <td>Nov -16</td> </tr> <tr> <td>Pure Capital Limited</td> <td>Authorised Futures Dealers (Wholesale Dealers) Notice 2012</td> <td>Advising on futures contracts to wholesale clients</td> <td>Aug-17</td> </tr> <tr> <td>QS Investors LLC</td> <td>Authorised Futures Dealers (QS Investors LLC) Notice 2011</td> <td>Advising on futures contracts to wholesale clients</td> <td>Apr-16</td> </tr> <tr> <td>RMB Australia Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Shell Eastern Trading Pte Limited</td> <td>Authorised Futures Dealers (Shell Eastern Trading Pte Limited) Notice 2011</td> <td>Issuing oil price futures contracts or carbon price futures contracts to wholeshale clients</td> <td>Jul-16</td> </tr> <tr> <td>Simply Energy Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 7 April 2011</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Strategic Capital Markets Limited</td> <td>Authorised Futures Dealers (Strategic Capital Markets Limited) Notice 2011</td> <td>Providing a futures adviser or introducing broker or managed account service</td> <td>Sep-14</td> </tr> <tr> <td>Tararua Wind Power Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 8 October 1998</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Total Utilities Management Group</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 24 November 2011</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Tower Financial Services Group Limited</td> <td>Authorised Futures Dealers (No.12) Notice 1994</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> <tr> <td>Trafalgar Copley Limited</td> <td>Authorised Futures Dealers (No.2) Notice 2007 - amended 31 May 2012</td> <td>Advising on futures contracts to wholesale clients as an investment adviser or as an investment manager for a fund manager of a fund.</td> <td>Apr-17</td> </tr> <tr> <td>TransPower New Zealand Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>TrustPower Limited</td> <td>Authorised Futures Dealers (No.3) Notice 1997 - as amended 8 July 1999</td> <td>Dealing in electricity futures contracts on behalf of electricity wholesale clients</td> <td>N/A</td> </tr> <tr> <td>Tyndall Investment Management New Zealand Limited</td> <td>Authorised Futures Dealers (No.2) Notice 1996</td> <td>Dealing in futures contracts as part of the ordinary course of  business as a funds manager or as part of the duties and functions of the company as a trustee of any managed funds</td> <td>N/A</td> </tr> </tbody> </table> <p><em>Note - should you try to access the Notices on the <a href="http://www.dia.govt.nz/Services-New-Zealand-Gazette-Index">New Zealand Gazette</a>, you should refine the search to the full name of the Notice and the year of publication; or if it is an amended Notice, the full name of the Notice and the year of the amendment.</em></p> <h2><strong>Authorised Futures Exchanges and Authorised Futures Dealers Notices which include more than one entity</strong></h2> <ul> <li><strong>Authorised Futures Exchanges</strong></li> </ul> <p>No person may carry on the business of dealing in futures contracts unless that person is authorised by the FMA, or has been approved under the rules of  an authorised futures exchange to carry on the business of dealing in futures contracts in accordance with the rules of that exchange.  The authorised futures exchanges include:</p> <ul> <li>NZX Limited (the NZX Derivatives Market)</li> <li>Australian Securities Exchange Limited (the ASX 24 Market)</li> <li>ICE Futures Europe</li> <li>ICE Futures U.S., Inc.</li> </ul> <p>Currently only NZX Derivative Market Participants would qualify as being approved under the rules of an authorised futures exchange to carry on the business of dealing in futures contracts.</p> <ul> <li><strong>Authorised Futures Dealers Notice (no.2) 2004</strong></li> </ul> <p>Every ASX24 Participant is authorised to carry on the business of dealing in futures contracts that are made on or effected through the ASX 24 Market.</p> <p>ASX 24 Participants would need to seek further authorisation from FMA in order to deal with New Zealand clients in over-the-counter futures contracts or contracts offered on other exchanges.</p> <ul> <li><strong>Authorised Futures Dealers (NZCDC Settlement System and NZX Derivatives Market) Notice 2010</strong></li> </ul> <p>New Zealand Clearing and Depository Corporation Limited's (NZCDC) wholly owned subsidiaries, NZ Clearing Limited, NZ Depository Limited and NZ Depository Nominees Limited are authorised to carry on the business of dealing in futures contracts generally for the purpose of, or in connection with, the operation of the NZCDC settlement system.</p> <p>Similarly, every person who is both a clearing participant and depository participant is authorised to carry on the business of dealing in futures contracts generally for the purpose of the NZCDC settlement system.</p> <ul> <li><strong>Authorised Futures Dealers (Financial Transmission Rights) Notice 2012</strong></li> </ul> <p>The Electricity Industry Participation of Code 2010 (the Code) allows for the creation and auctioning of financial transmission rights (FTRs) in an inter-island FTR market.  The Authorised Futures Dealers (Financial Transmission Rights) Notice 2012 authorises the FTR manager and Clearing Manager.  Energy Market Services (a commercial business group within Transpower NZ Ltd) and NZX Limited have been appointed by the Electricity Authority to perform the respective roles of FTR manager &amp; Clearing manager under the Code) to deal in futures contracts that are FTRs as part of their respective roles managing the FTR auctions and settlement of FTRs under the Code.</p> <ul> <li><strong>Authorised Future Dealers (iPredict Limited) Notice 2011</strong></li> </ul> <p>iPredict Limited operates a predictions market.  The contracts which may be traded on the market are contracts linked to political, economic or sociological events.  These contracts are declared to be futures contacts pursuant to the Futures Contracts (iPredict Limited) Declaration and Exemption Notice 2008.  iPredict is authorised to carry on the business of dealing in futures contract to which the market provider or clearing house, is or intends, to be a party and which are traded on its market.  A condition of its authorisation is that iPredict's website must contain, in a prominent place, a statement to the effect that the markets operated by the market provider are intended as research and educational facility, not as an investment market or a gambling facility, and the market provider has been authorised to act as a futures dealer, and the contracts traded are treated as futures contracts in New Zealand law, in order to provide certainty as to the legal treatment of the contracts.  iPredict's exemption also includes financial caps on the amounts participants can deposit into, and hold in, their accounts.</p> /keep-updated/newsroom/media-releases/2014/fma-issues-warning-about-general-equity FMA issues warning about General Equity 2014-09-30 11:43:42 Financial Markets Authority <p><b>Media Release<br></b><strong>MR No. 2014 – 031</strong><b><br></b><b>30 September 2014</b></p> <p><b>FMA issues warning about General Equity</b></p> <p>The Financial Markets Authority (<b>FMA</b>) has issued a warning about General Equity (previously named General Equity Building Society), a New Zealand registered building society.  The warning recommends that the public exercises extreme caution when dealing with General Equity, the full warning is available <a href="http://fma.govt.nz/keep-updated/warnings-alerts-and-scams/fmas-latest-warnings-and-alerts/2014/warning-exercise-extreme-caution-when-dealing-with-general-equity">here</a>.</p> <p>FMA considers that General Equity has engaged in misleading and deceptive conduct, including the way it has represented how it is regulated in New Zealand. </p> <p>Although General Equity is registered as a building society, it does not carry on business as a deposit taker in NZ, and is not subject to Reserve Bank or trustee oversight.  General Equity has not issued shares to the public.  Most of General Equity’s business is conducted off-shore. The FMA is not aware that any New Zealanders have suffered a loss at this time.  However, given General Equity’s past conduct, we consider that anyone dealing with General Equity should exercise extreme caution.</p> <p>FMA has ordered General Equity to include the FMA warning prominently on the main page of any website operated by, or on behalf of, General Equity under section 49 Financial Markets Authority Act 2011 (a <b>warning disclosure order</b>).</p> <p>The warning disclosure order can be found at <a href="http://fma.govt.nz/keep-updated/warnings-alerts-and-scams/fmas-latest-warnings-and-alerts/2014/general-equity-warning-disclosure-order-under-section-49-of-the-financial-markets-authority-act-2011"><span style="text-decoration: underline;">Warning Disclosure Order under Section 49 of the Financial Markets Authority Act 2011</span></a>.</p> <p>Ends</p> <p><b>Contact:<br></b>Andrew Park<br>09 967 1215<br>021 220 6770<br><a href="mailto:Andrew.park@fma.govt.nz">Andrew.park@fma.govt.nz</a></p> /help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/amlcft-questions-and-answers/ AML/CFT Questions and Answers 2014-09-30 11:41:14 Financial Markets Authority <h2>Questions</h2> <p><em><strong><a href="http://www.fma.govt.nz//help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/annual-amlcft-reporting/frequently-asked-questions-faqs/">Annual AML/CFT reporting questions and answers</a></strong></em></p> <h2>Money Laundering Basics</h2> <ul> <li><a href="http://www.fma.govt.nz/#WhatisMoneyLaundering">What is Money Laundering?</a></li> <li><a href="http://www.fma.govt.nz/#WhatisTerroristFinancing">What is Terrorist Financing?</a></li> </ul> <h2>Supervisors</h2> <ul> <li><a href="http://www.fma.govt.nz/#Howdoyouknowwhoisyoursupervisor">How do you know who is your supervisor?</a></li> <li><a href="http://www.fma.govt.nz/#Whathappensifyoucomeundertwosupervisors">What happens if you come under two supervisors?</a></li> <li><a href="http://www.fma.govt.nz/#Istherearegisterofreportingentities">Is there a register of reporting entities?</a></li> <li><a href="http://www.fma.govt.nz/#Whatisaministerialexemption">What is a ministerial exemption?</a></li> </ul> <h2>New Zealand’s AML/CFT Regime</h2> <ul> <li><a href="http://www.fma.govt.nz/#Whendiditalltakeeffect">When did it all take effect?</a></li> <li><a href="http://www.fma.govt.nz/#WhatareRegulationsCodesofPracticeGuidelines">What are Regulations / Codes of Practice / Guidelines?</a></li> <li><a href="http://www.fma.govt.nz/#WhatisaRiskAssessment">What is a Risk Assessment?</a></li> <li><a href="http://www.fma.govt.nz/#WhatisanAMLCFTprogramme">What is an AML/CFT Programme?</a></li> <li><a href="http://www.fma.govt.nz/#Isthereatempalteavailablefortheriskassessment">Is there a template available for the Risk assessment and AML program?</a></li> <li><a href="http://www.fma.govt.nz/#Whatisadesignatedbusinessgroup">What is a Designated Business Group?</a></li> </ul> <h2>Obligations</h2> <ul> <li><a href="http://www.fma.govt.nz/#Whatobligationsareplacedonfirms">What obligations will be placed on firms?</a></li> <li><a href="http://www.fma.govt.nz/#WhatiscustomersduediligenceCDD">What is Customer Due Diligence (CDD)?</a></li> <li><a href="http://www.fma.govt.nz/#Whatisongoingcustomerduediligence">What is Ongoing Customer Due Diligence?</a></li> <li><a href="http://www.fma.govt.nz/#WhatarePEPs">What are PEPs?</a></li> </ul> <h2>Customer due diligence (CDD)</h2> <ul> <li><a href="http://www.fma.govt.nz/#Whatifsomeonedoesnthaveapassport">What if someone doesn’t have a passport and they don’t drive?</a></li> <li><a href="http://www.fma.govt.nz/#Whathappensifitakeoveranexistingcustomer">What happens if I take over an existing customer base?</a></li> <li><a href="http://www.fma.govt.nz/#dowehavetoidentifyacustomereverytime">Do we have to identify a customer every time they put in $20,000?</a></li> <li><a href="http://www.fma.govt.nz/#Ifatrustisadiscretionarytrustandthebeneficiariesare">If a trust is a discretionary trust and the beneficiaries are not named, how do we do customer due diligence on beneficiaries?</a></li> <li><a href="http://www.fma.govt.nz/#Willyoubeprovidingalistofpoliticallyexposed">Will you be providing a list of politically exposed persons (PEPs)?</a></li> </ul> <h2>Verification</h2> <ul> <li><a href="http://www.fma.govt.nz/#Ifsomeonesetsupacompanyandthenasksyouto">If someone sets up a company and then asks you to set up an account providing a certificate of incorporation, is the Companies Office CDD enough?</a></li> <li><a href="http://www.fma.govt.nz/#CanweusetheIRDB2Bmessagingasa">Can we use the IRD B2B messaging as a verification procedure for KiwiSaver?</a></li> <li><a href="http://www.fma.govt.nz/#Canafinancialadvisercertify">Can a financial adviser certify an original document?</a></li> <li><a href="http://www.fma.govt.nz/#canareportingentity">Can a reporting entity accept an electronic copy of documentation certified by a trusted referee under Part 2 of the Amended Identity Verification Code of Practice 2013 (IVCoP)?</a></li> </ul> <h2>AML/CFT compliance officer</h2> <ul> <li><a href="http://www.fma.govt.nz/#Canonepersonbethecomplianceofficer">Can one person be the compliance officer for a designated business group (DBG)?</a></li> <li><a href="http://www.fma.govt.nz/#CananAMLofficerbeanexternal">Can an AML Officer be an external appointment?</a></li> <li><a href="http://www.fma.govt.nz/#WhatlevelofsenioritydoestheAMLCFT">What level of seniority does the AML/CFT compliance officer have to hold?</a></li> </ul> <h2>Suspicious Transaction Reports (STR’s)</h2> <ul> <li><a href="http://www.fma.govt.nz/#Isthereaprotectionfrombreachofprivacy">Is there a protection from breach of privacy under the Act for people who submit STRs?</a></li> <li><a href="http://www.fma.govt.nz/#Wecantinformonaclient">We can’t inform on a client</a></li> <li><a href="http://www.fma.govt.nz/#DoeseverySTRreportneedtogodirectly">Does every STR report need to go directly to the Police Financial Intelligence Unit and not through AML/CFT supervisors?</a></li> <li><a href="http://www.fma.govt.nz/#Dowereportsuspiciouspersons">Do we report suspicious persons?</a></li> </ul> <h2>Review and audit of risk assessment and AML/CFT programme</h2> <ul> <li><a href="http://www.fma.govt.nz/#Istherealistofindependent">Is there a list of independent, suitably qualified AML/CFT compliance auditors for the audit required under section 59 of the AML/CFT Act?</a></li> </ul> <h2>Registered Financial Advisers</h2> <ul> <li><a href="http://www.fma.govt.nz/#IamanRFAoperatingthroughaNewZealand">I am an RFA operating through a New Zealand registered company. I sell KiwiSaver and some other Category 1 products, but these sales amount to as little as 2 percent of my business. Am I a reporting entity under the AML Act?</a></li> <li><a href="http://www.fma.govt.nz/#IamanRFAemployedbyacompany">I am an RFA employed by a company that sells Category 1 and Category 2 products. Am I a reporting entity under the AML/CFT Act?</a></li> <li><a href="http://www.fma.govt.nz/#IamaonemanbandRFAsellingriskbased">I am a ‘one man band’ RFA selling risk-based insurance and some Category 1 products, mainly KiwiSaver. Am I a reporting entity under the AML/CFT Act?</a></li> <li><a href="http://www.fma.govt.nz/#IamanRFAwhosellssomecategory1products">I am an RFA who sells some Category 1 products through a company so I realise that I am a reporting entity under the AML/CFT Act. Do I have to prepare a risk assessment and AML programme for my whole business?</a></li> </ul> <h2>Trading transferable securities</h2> <ul> <li><a href="http://www.fma.govt.nz/#ItradeCarbonCreditsformyownaccount">I trade Carbon Credits for my own account as part of my business. Does this make me a reporting entity under the AML/CFT Act?</a></li> </ul> <h2>Issuers and participants in securities issues</h2> <ul> <li><a href="http://www.fma.govt.nz/#Iamanissuerofsecuritiesregistered">I am an issuer of securities registered on the FSPR. Am I a reporting entity under the AML/CFT Act?</a><a href="http://www.fma.govt.nz/#Iamissuerofequitysecurities"></a></li> <li><a href="http://www.fma.govt.nz/#Iamissuerofequitysecurities">I am an issuer of equity securities. The only financial service I provide in relation to the securities is to act as the issuer under section 5(i) of the FSP Act. Am I a reporting entity?</a></li> <li><a href="http://www.fma.govt.nz/#Iamanissuerofdebtsecurities">I am an issuer of debt securities, am I a reporting entity?</a></li> <li><a href="http://www.fma.govt.nz//about-us/what-we-do/anti-money-laundering-and-countering-financing-of-terrorism/#WehaveaSPVthatissuesdebtsecurities">We have a SPV that issues debt securities in the ordinary course of business, on whom should it complete CDD?</a></li> <li><a href="http://www.fma.govt.nz/#WehaveaSPVthatissueddebtsecuritiesbefore30June">We have a SPV that issued debt securities before 30 June 2013, but has no intention of issuing further securities. Is it a reporting entity under the AML/CFT Act?</a></li> <li><a href="http://www.fma.govt.nz/#ifanissuerof">If an issuer of securities has conducted CDD on the initial purchasers of their securities, do they have to conduct CDD on all subsequent people who purchase the securities in an independent secondary market?</a></li> <li><a href="http://www.fma.govt.nz/#AreCrowdfunding">Are crowd funding service providers and peer-to-peer lending service providers reporting entities?</a></li> </ul> <h2>Funds and Fund Managers</h2> <ul> <li><a href="http://www.fma.govt.nz/#IamafundmanageramIareportingentity">I am a fund manager, am I a reporting entity under the AML/CFT Act?</a></li> </ul> <h2>Investment companies</h2> <ul> <li><a href="http://www.fma.govt.nz/#irunaninvestment">I run an investment company. As a company, it invests funds on its own behalf, so how could it be a reporting entity under paragraph (xi) of the definition of financial institution?</a></li> <li><a href="http://www.fma.govt.nz/#wehaveapooled">We have a pooled investment vehicle structured as an investment company and a separate investment manager. The investment manager is a reporting entity under the AML/CFT Act, will the investment company also be a reporting entity?</a></li> <li><a href="http://www.fma.govt.nz/#ourinvestmentcompany">Our investment company is a reporting entity and has shares traded in the secondary market. Do we have to identify people who purchase the shares in the secondary market?</a></li> </ul> <h2>Exclusions and Exemptions</h2> <ul> <li><a href="http://www.fma.govt.nz/#Canirelyonregulation20">Can I rely on Regulation 20 (Exclusion: Lawyers, etc) of the AML/CFT (Definitions) Regulations, as amended, if I undertake other relevant activities in addition to those described in Regulation 20?</a></li> <li><a href="http://www.fma.govt.nz/#AmIexemptfromtheAMLCFTActunderregulation">Am I exempt from the AML/CFT Act under Regulation 16 (Relevant services provided to related entities) of the AML/CFT (Exemptions) Regulations, if my only customers are related entities?</a></li> </ul> <h2>Supervision in relation to AML/CFT</h2> <ul> <li><a href="http://www.fma.govt.nz/#HowdoesFMAsuperviseAMLCFT">How does FMA supervise AML/CFT?</a></li> <li><a href="http://www.fma.govt.nz/#IsitjustthesameasAustralia">Is it just the same as Australia?</a></li> </ul> <h2>Answers</h2> <h2><a name="MoneyLaunderingBasics"></a>Money Laundering Basics</h2> <p><strong><a name="WhatisMoneyLaundering"></a>What is Money Laundering?</strong></p> <p>Money laundering describes the process by which criminals make money obtained from their criminal activities ('dirty') look legitimate ('clean').</p> <p>They aim to introduce their dirty money into the financial system without detection or arousing suspicion. Once their dirty money is in the financial system, it can be transferred between different bank accounts or financial products in New Zealand or abroad, or used to purchase goods and services.</p> <p>The aim of money laundering is to make this dirty money look like it has come from a legitimate source, and therefore difficult to connect the money with its criminal past.</p> <p><strong><a name="WhatisTerroristFinancing"></a>What is Terrorist Financing?</strong></p> <p>Terrorist financing is the financial support of terrorists or those who encourage, plan or engage in terrorism.</p> <p>Terrorist financing may involve funds raised from legitimate sources, such as personal donations and profits from businesses and charitable organisations. It may also be drawn from criminal sources, such as the drug trade, the smuggling of weapons and other goods, fraud, kidnapping and extortion.</p> <p>People who finance terrorism often use similar methods and tools to those used for money laundering.</p> <h2>Supervisors</h2> <p><strong><a name="Howdoyouknowwhoisyoursupervisor"></a><a name="whoisyoursupervisor"></a>How do you know who is your supervisor?</strong></p> <p>Section 130 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) explains what sectors each supervisor is responsible for. In addition FMA and the Department of Internal Affairs (DIA) have a list of their reporting entities on their respective web sites.  If in doubt get in touch with any one of the supervisors and they will point you in the right direction.</p> <p><strong><a name="Whathappensifyoucomeundertwosupervisors"></a>What happens if you come under two supervisors?</strong></p> <p>The supervisors have a process in place for when this situation arises. Reporting entities will only have one supervisor. That supervisor can call upon another supervisor to assist where certain products or services offered by the reporting entity fall outside the leading supervisors area of expertise, e.g. a reporting entity that offers both life insurance products and collective investment schemes.  Please contact the relevant supervisors so that this process can be implemented.</p> <p><strong><a name="Istherearegisterofreportingentities"></a>Is there a register of reporting entities?</strong></p> <p>There is not a register in a legal sense but we do keep lists. We get information from the FSPR, use open source searching (such as the Yellow Pages) and also learn of reporting entities from Fair Go.  If you or any reporting entities you know aren't on the FSPR, let us know.</p> <p><strong><a name="Whatisaministerialexemption"></a>What is a ministerial exemption?</strong></p> <p>The Minister of Justice is empowered under section 157 of the AML/CFT Act to make exemptions from any or all of the provisions of the Act. Exemptions may be granted for businesses, transactions, products, services or customers and may be subject to conditions.</p> <p>For more details please visit the Ministry of Justice 'ministry <a href="http://www.justice.govt.nz/publications/global-publications/a/anti-money-laundering-and-countering-financing-of-terrorism-act-2009-ministerial-exemptions-policy/publication">exemption</a> policy' web page.</p> <h2><strong><a name="_Toc360020292"></a>New Zealand's AML/CFT Regime</strong></h2> <p><strong><a name="Whendiditalltakeeffect"></a>When did it all take effect?</strong></p> <p>The AML/CFT Act was passed in 2009 and came fully into effect on 30 June 2013.</p> <p>The time period was intended to give reporting entities time to undertake their risk assessments and to plan and implement their systems and controls before requirements came into force.</p> <p><strong><a name="WhatareRegulationsCodesofPracticeGuidelines"></a>What are Regulations / Codes of Practice / Guidelines?</strong></p> <p>The AML/CFT Act sets many obligations at a relatively high level.  More details are set out in the regulations, Codes of Practice and guidelines:</p> <p><em>Regulations</em></p> <p>These contain minimum standards and thresholds.  They are mandatory and must be followed.  The regulations also contain several exceptions to the obligations under the AML/CFT Act.</p> <p><em>Codes of Practice</em></p> <p>These set out methods on how reporting entities can comply with their obligations. While not mandatory, they can provide a defence against charges of non-compliance (a 'safe-harbour'), if followed correctly.  A reporting entity that fully complies with the Code will be compliant with the relevant parts of the legislation.  If a reporting entity decides to opt out of all, or part of, the code, it is required to have provided written notification to its AML/CFT supervisor.  This notification states that the reporting entity has opted out of compliance with all, or part of, the code, and intends to satisfy its obligations by some other equally effective means.</p> <p><em>Guidelines</em></p> <p>These outline other non-binding guidance from supervisors.</p> <p>The 2011 Regulations as amended by the 2013 Regulations, a Code of Practice and several guidelines have already been published.</p> <ul> <li>view the published Code of Practice and Guidance on the <a href="http://www.fma.govt.nz//help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/guidelines-and-codes-of-practice/">FMA website</a><a href="http://www.fma.govt.nz//"></a></li> <li>view the published Regulations on the <a href="http://www.legislation.govt.nz/all/results.aspx?search=ts_act%40bill%40regulation%40deemedreg_anti-money+laundering+regulation_resel_25_a&amp;p=1">New Zealand Legislation website</a>.</li> </ul> <p><strong><a name="WhatisaRiskAssessment"></a>What is a Risk Assessment?</strong></p> <p>Reporting entities are required to assess the money laundering and financing of terrorism risk that they may reasonably expect to face in the course of their business.</p> <p>In making this assessment, the Act requires that a reporting entity considers:</p> <ul> <li>the nature, size and complexity of its business</li> <li>the products and services it offers</li> <li>the methods by which it delivers products and services to its customers</li> <li>the types of customers it deals with</li> <li>the countries it deals with</li> <li>the institutions it deals with</li> <li>any guidance material produced by supervisors</li> <li>any other factors that are set out in regulations.</li> </ul> <p>Reporting entities also need to consider whether any of their products involve new or developing technologies that may favour customer anonymity. The Act also specifies that reporting entities must consider particular activities, such as wire transfers and correspondent banking relationships.</p> <p>Guidelines have been published to help reporting entities develop their own <a href="/keep-updated/reports-and-papers/anti-money-laundering-and-countering-financing-of-terrorism-risk-assessment-guideline">risk assessment</a>. The <a href="/keep-updated/reports-and-papers/countries-assessment-guideline">Countries Assessment guideline</a> will help you develop procedures on the assessment of risks associated with the countries you deal with, when you need to undertake this assessment and how to approach the assessment.</p> <p><strong><a name="WhatisanAMLCFTprogramme"></a>What is an AML/CFT Programme?</strong></p> <p>An AML/CFT programme sets out a reporting entity's internal policies, procedures and controls to detect money laundering and financing of terrorism and to manage and mitigate the risk of it occurring. The programme must be in writing and be based on its risk assessment.</p> <p>Certain elements of a programme are specifically required by the Act, including:</p> <ul> <li>vetting senior managers and AML staff</li> <li>training senior managers and AML staff</li> <li>customer due diligence, including enhanced CDD and simplified CDD</li> <li>reporting suspicious transactions</li> <li>monitoring and record keeping</li> <li>monitoring and managing compliance with the AML/CFT programme.</li> </ul> <p>Risk-based systems and controls should be based on the nature, size and complexity of a reporting entity's business, along with any money laundering and financing of terrorism risks it may face.</p> <p><a href="/keep-updated/reports-and-papers/amlcft-programme-guideline">Read more about the AML/CFT programme</a>.</p> <p><strong><a name="Isthereatempalteavailablefortheriskassessment"></a>Is there a template available for the risk assessment and AML programme?</strong></p> <p>Supervisors have not issued templates for risk assessments or AML/CFT programmes. This is because one size does not fit all. Each business is likely to have the odd policy or process that is unique to that business.</p> <p>The guide for <a href="/keep-updated/reports-and-papers/guide-for-small-financial-adviser-businesses">small financial adviser businesses</a> has some examples that small financial adviser businesses may find useful.</p> <p><strong><a name="Whatisadesignatedbusinessgroup"></a>What is a Designated Business Group?</strong></p> <p>Entities that are eligible may choose to form a Designated Business Group (DBG). This enables the entities to share a risk assessment and some, but importantly not all, aspects of their AML/CFT Programmes.</p> <p>Guidelines have been published to help reporting entities decide whether they are eligible to form a DBG. The guidance is in two parts. The DBG <a href="/keep-updated/reports-and-papers/guide-for-small-financial-adviser-businesses">scope guideline</a> outlines the obligations that may be shared by members of a DBG. The DBG <a href="/keep-updated/reports-and-papers/designated-business-group-formation-guideline">formation guideline</a> highlights the eligibility criteria and election process when forming or joining a DBG. It also explains the process for notifying an AML/CFT supervisor about the formation of, or change to, a DBG and provides the forms for doing so.</p> <p>There will be occasions where the business of a DBG will be split between more than one supervisor. In these circumstances supervisors will agree on who would be the best supervisor for the group. This may depend on where the majority of the DBG business lies.</p> <h2>Obligations</h2> <p><strong><a name="Whatobligationsareplacedonfirms"></a>What obligations are placed on firms?</strong></p> <p>Basic obligations imposed on reporting entities include:</p> <ul> <li>assessing the money laundering and financing of terrorism risk that it may reasonably expect to face in the course of its business</li> <li>establishing, implementing and maintaining an AML/CFT programme (procedures, policies and controls) to detect, manage and mitigate the risk of money laundering and the financing of terrorism</li> <li>customer due diligence (identification and verification of identity) and ongoing CDD</li> <li>suspicious transaction reporting</li> <li>record keeping.</li> </ul> <p>Reporting entities have considerable flexibility within the limits prescribed by the Act and Regulations, in how they meet their obligations.</p> <p><strong><a name="WhatiscustomersduediligenceCDD"></a>What is Customer Due Diligence (CDD)?</strong></p> <p>CDD involves:</p> <p>a) gathering information about customer identity<br>b) verifying a customer's identity, to ensure the customer is who they say they are.</p> <p>In most cases, reporting entities will also need to establish and verify the identity of any beneficial owner, meaning the individual who ultimately owns or controls the customer or on whose behalf a transaction is conducted.</p> <p>CDD also involves establishing and verifying the identity of any person who acts on behalf of a customer.</p> <p>The <a href="http://www.fma.govt.nz//assets/media/1897643/amended-identity-verification-code-of-practice-2013.pdf" target="_blank">Amended Identity Verification Code of Practice 2013</a> sets out methods by which reporting entities can comply with their obligations to verify the name and date of birth of customers who have been assessed as low to medium risk. The Code is not mandatory, but provides a 'safe-harbour' if followed correctly.  If a reporting entity decides to opt out of this Code, it must adopt practices that are equally effective.</p> <p>The <a href="http://www.fma.govt.nz//assets/media/1429501/beneficial-ownership-guideline.pdf" target="_blank">Beneficial Ownership guideline</a> has been published to help reporting entities develop procedures on the verification of beneficial ownership.</p> <p><strong><a name="Whatisongoingcustomerduediligence"></a>What is Ongoing Customer Due Diligence?</strong></p> <p>Ongoing CDD means regularly reviewing customer information and having systems to conduct account monitoring. Under section 31 of the AML/CFT Act ongoing CDD is required to ensure the ongoing business relationship is consistent with the reporting entity's knowledge about the customer's business and risk profile and to identify grounds for reporting any suspicious transaction.  This is required for all customers, including existing customers.</p> <p><strong><a name="WhatarePEPs"></a>What are PEPs?</strong></p> <p>Politically-Exposed Persons (PEPs) are individuals who, by virtue of their position in public life, may be vulnerable to corruption. The definition of a PEP can be found in Section 5 of the AML/CFT Act. The New Zealand legislation currently limits this concept to foreign PEPs, and does not include domestic PEPs, i.e. persons who hold or have held public offices in New Zealand. Reporting entities are required to give specific consideration to the risks involved with PEPs and should:</p> <ul> <li>have procedures in place to determine whether a customer or a beneficial owner of a customer, is a PEP or a close associate of a PEP</li> <li>obtain senior management approval for establishing or maintaining business relationships with PEPs</li> <li>take reasonable measures to establish the source of wealth and source of funds of PEPs</li> <li>conduct enhanced, ongoing monitoring of the business relationship.</li> </ul> <h2>Customer due diligence</h2> <p><strong><a name="Whatifsomeonedoesnthaveapassport"></a>What if someone doesn't have a passport and they don't drive?</strong></p> <p>There are many different types of documents that can be used under the <a href="http://www.fma.govt.nz//assets/media/1897643/amended-identity-verification-code-of-practice-2013.pdf" target="_blank">Amended Identity Verification Code of Practice 2013</a> (the code) but there will always be some people (for example the very young) who don't have the required identification documents.  In order to comply with the code you will need to put in place exception handling procedures for these customers. Please note that exception handling should only be used where the person genuinely does not hold the identification documents, not where they have just left it at home.</p> <p><strong><a name="Whathappensifitakeoveranexistingcustomer"></a>What happens if I take over an existing customer base?</strong></p> <p>If the customers are existing customers of the reporting entity, you aren't expected to do CDD on all of those customers right away, but you do need to review them periodically (ongoing customer due diligence) to make sure you have the correct information.  You must obtain further CDD information if there is a material change in the nature or purpose of the business relationship, if you consider that you have insufficient CDD information, or if the information you hold is inconsistent with the customer's profile.</p> <p>If the customers are not existing customers of the reporting entity, but are existing customers of another reporting entity that has conducted CDD, then you may be able to rely on the CDD completed by that other reporting entity, if you meet the requirements of sections 32, 33 or 34 of the AML/CFT Act.  You will still need to complete ongoing CDD.</p> <p><strong><a name="dowehavetoidentifyacustomereverytime"></a>Do we have to identify a customer every time they put in $20,000?</strong></p> <p>No, once accepting a customer as your client you will have obtained all of the required information about the customer, including the nature and purpose of the business relationship. Part of the nature and purpose of the business relationship extends to how much you will expect the customer to deposit with you, and how regularly.  If the customer follows the given profile you do not need to conduct CDD for every deposit.  However, it would be prudent to request more information from the customer if the customer's behaviour changes significantly.</p> <p><strong><a name="Ifatrustisadiscretionarytrustandthebeneficiariesare"></a>If a trust is a discretionary trust and the beneficiaries are not named, how do we do customer due diligence on beneficiaries?</strong></p> <p>Assuming none of the beneficiaries are a beneficial owner of the trust, you only need to record a description of each class or type of beneficiary. You do not have to create a list of potential beneficiaries.</p> <p>For more detail on CDD for trust beneficiaries see Regulation 6 of the <a href="http://www.legislation.govt.nz/all/results.aspx?search=ts_act%40bill%40regulation%40deemedreg_anti-money+laundering+regulation_resel_25_a&amp;p=1">AML/CFT (Requirements and Compliance) Regulations 2011</a>.</p> <p><strong><a name="Willyoubeprovidingalistofpoliticallyexposed"></a>Will you be providing a list of politically exposed persons (PEPs)?</strong></p> <p>No, there are a lot of existing sources of information and services that provide PEP checks. We understand that some industry bodies are looking at linking into these for their members.</p> <h2>Verification</h2> <p><strong><a name="Ifsomeonesetsupacompanyandthenasksyouto"></a>If someone sets up a company and then asks you to set up an account providing a certificate of incorporation, is the Companies Office CDD enough?</strong></p> <p>No, not on its own. The Companies Office does some CDD, but your obligations under the AML/CFT Act amount to a higher level of CDD than the Companies Office carries out.</p> <p><strong><a name="CanweusetheIRDB2Bmessagingasa"></a>Can we use the IRD B2B messaging as a verification procedure for KiwiSaver?</strong></p> <p>The IRD B2B messaging can be used in lieu of a statement issued by a government agency required in para <a href="http://www.fma.govt.nz//assets/media/1897643/amended-identity-verification-code-of-practice-2013.pdf" target="_blank">3(f) of the Amended Identity Verification Code of Practice 2013</a>. This can only be used for KiwiSaver.</p> <p><strong><a name="Canafinancialadvisercertify"></a>Can a financial adviser certify an original document?</strong></p> <p>No, under the <a href="http://www.fma.govt.nz//assets/media/358784/identity-verification-code-of-practice-2011.pdf" target="_blank">Identity Verification Code of Practice</a> financial advisers cannot certify identity documents. The Code of Practice contains a list of trusted referees who can certify identity documents. A reporting entity does not have to comply with the provisions of a Code of Practice, but if they don't intend to comply with a Code of Practice they must notify their AML/CFT supervisor in writing in advance and must comply with the relevant obligation by some other equally effective means.</p> <p>Although a financial adviser is not a trusted referee under the <a href="http://www.fma.govt.nz//assets/media/1897643/amended-identity-verification-code-of-practice-2013.pdf" target="_blank">Amended Identity Verification Code of Practice 2013</a>, a financial product provider may rely on a financial adviser, who is also an AML/CFT Act reporting entity, to conduct CDD on their behalf in accordance with the conditions set out in section 33 of the AML/CFT Act or may appoint a person as an agent to conduct CDD on their behalf in accordance with section 34 of the AML/CFT Act.</p> <p>This is different from certifying identity documents as a trusted referee under the <a href="http://www.fma.govt.nz//assets/media/1897643/amended-identity-verification-code-of-practice-2013.pdf" target="_blank">Amended Identity Verification Code of Practice 2013</a>.</p> <p>This <a href="http://www.legislation.govt.nz/act/public/2009/0035/latest/DLM2140880.html">link</a> will take you to s33 of the AML/CFT Act and this <a href="http://www.legislation.govt.nz/act/public/2009/0035/latest/DLM2140881.html">link</a> will take you to s34 of the AML/CFT Act.</p> <p>The product provider remains responsible for the CDD conducted on their behalf under s33 or by an agent under s34.</p> <p><strong><a name="canareportingentity"></a>Can a reporting entity accept an electronic copy of documentation certified by a trusted referee under Part 2 of the </strong><a href="http://www.fma.govt.nz//assets/media/1897643/amended-identity-verification-code-of-practice-2013.pdf" target="_blank">Amended Identity Verification Code of Practice 2013</a><strong> (IVCoP)?</strong></p> <p>This depends on whether the electronic copy of the document meets the requirements for an electronically signed document under <a href="http://www.legislation.govt.nz/act/public/2002/0035/latest/DLM154837.html?search=ts_act%40bill%40regulation%40deemedreg_Electronic+Transactions+Act+2002_resel_25_a&amp;p=1http://www.legislation.govt.nz/act/public/2002/0035/latest/DLM154837.html?search=ts_act%40bill%40regulation%40deemedreg_Electronic+Transactions+Act+2002_resel_25_a&amp;p=1">section 22</a> of the Electronic Transactions Act 2002 (ETA).  A fax or pdf scanned copy of the trusted referee's signature will not be sufficiently reliable for the purposes of the IVCoP and cannot be accepted in place of the trusted referee's original certification. For practical reasons, reporting entities may start to set up a client's account based on a fax or scan copy of certified documents, provided the originals are forwarded by post and are received before any transactions are undertaken.  Alternatively, if a reporting entity chooses to rely on electronically certified documentation in accordance with the ETA, the reporting entity will need to ensure that the trusted referee's electronic signature reliably identifies the trusted referee and their approval of the original document.  <a href="http://www.legislation.govt.nz/act/public/2002/0035/latest/DLM154839.html?search=ts_act%40bill%40regulation%40deemedreg_Electronic+Transactions+Act+2002_resel_25_a&amp;p=1">Section 24</a> of the ETA provides an example of the type of electronic signature that would be presumed to be sufficiently reliable.  Reporting entities are not obliged to accept documents signed by an electronic signature unless they choose to do so.</p> <h2>AML/CFT compliance officer</h2> <p><strong><a name="Canonepersonbethecomplianceofficer"></a>Can one person be the compliance officer for a designated business group (DBG)?</strong></p> <p>Yes, provided that the person is employed by at least one of the DBG members he or she administers and maintains all of the members' AML policies, as well as reporting to a senior manager of each reporting entity that appointed him.</p> <p><strong><a name="CananAMLofficerbeanexternal"></a>Can an AML Officer be an external appointment?</strong></p> <p>Only if a reporting entity has no employees.</p> <p><strong><a name="WhatlevelofsenioritydoestheAMLCFT"></a>What level of seniority does the AML/CFT compliance officer have to hold?</strong></p> <p>The AML/CFT compliance officer has to report to a senior manager of the reporting entity.</p> <h2>Suspicious Transaction Reports (STR's)</h2> <p><strong><a name="Isthereaprotectionfrombreachofprivacy"></a>Is there a protection from breach of privacy under the Act for people who submit STRs?</strong></p> <p>Yes, section 44 of the AML/CFT Act protects anyone who properly reports a suspicious transaction to the Police Financial Intelligence Unit.</p> <p><strong><a name="Wecantinformonaclient"></a>We can't inform on a client</strong></p> <p>Under the AML/CFT Act the restrictions contained in the Privacy Act, legal professional privilege and other similar provisions do not extend to suspicious transactions. This is also the case under the Financial Transactions Reporting Act 1996. Under section 40 of the AML/CFT Act reporting entities must report STRs where there are reasonable grounds for suspicion.</p> <p><strong><a name="DoeseverySTRreportneedtogodirectly"></a>Does every STR report need to go directly to the Police Financial Intelligence Unit and not through AML/CFT supervisors?</strong></p> <p>STRs must go to the Police Financial Intelligence Unit, not to your AML/CFT supervisor.  However, under section 41 of the AML/CFT Act, STRs must be signed by a person authorised by a reporting entity to sign them.  This could mean that STRs will be sent to the Police Financial Intelligence Unit via compliance or AML officers rather than directly from the person generating the STR.</p> <p><strong><a name="Dowereportsuspiciouspersons"></a>Do we report suspicious persons?</strong></p> <p>STRs do not merely relate to transactions either completed or attempted.  The integral component of the STR is suspicion, and therefore subjective and composed of many factors which may be relevant to include in an STR.  These include: the person sending or receiving the transaction; their behaviour; the time; the place; the amount; implausible sounding stories; the involvement of countries of interest; the transaction type; and the presence of recognised money laundering typologies.</p> <h2><strong>Review and audit of risk assessment and AML/CFT programme</strong></h2> <p><strong><a name="Istherealistofindependent"></a>Is there a list of independent, suitably qualified AML/CFT compliance auditors for the audit required under section 59 of the AML/CFT Act?</strong></p> <p>No. FMA have provided <a href="http://www.fma.govt.nz//assets/media/1339626/guideline-for-audits-of-risk-assessments-and-aml-cft-programmes.pdf" target="_blank">guidance</a> on who can audit an AML/CFT programme, however it is up to reporting entities to engage with appropriately qualified auditors and select their preferred auditor.  The <a href="http://www.fma.govt.nz//assets/media/1339626/guideline-for-audits-of-risk-assessments-and-aml-cft-programmes.pdf" target="_blank">guidance</a> includes matters to consider before choosing an auditor and an explanation on who can audit an AML/CFT programme.  A person appointed to conduct your audit is not required to be a chartered accountant or qualified to undertake financial audits, although we are aware that many such firms will offer an AML/CFT audit service.  We are also aware that other specialist AML/CFT consultancies are offering AML/CFT audit services.</p> <h2><strong>Registered Financial Advisers</strong></h2> <p><strong><a name="IamanRFAoperatingthroughaNewZealand"></a>I am an RFA operating through a New Zealand registered company. I sell KiwiSaver and some other Category 1 products (on the basis of a class service only and/or advice to wholesale clients only), but these sales amount to as little as 2 percent of my business.  Am I a reporting entity under the AML Act?</strong></p> <p>If you are arranging for your clients to buy Category 1 products then your New Zealand registered company is a reporting entity under the AML/CFT Act. The amount of products you sell is immaterial.  It is also immaterial whether your clients are retail or wholesale clients.  If you provide a purely advisory service to your clients and are not involved in the supply of Category 1 products to your clients, then you will not be a reporting entity under the AML/CFT Act. If you have an agreement with a product provider to sell their Category 1 products and you assist your client in the purchase by either providing an application form, helping the customer complete the form, collecting the identity information, or sending the form to the provider, then you are arranging the sale and will be a reporting entity under the AML/CFT Act.</p> <p><strong><a name="IamanRFAemployedbyacompany"></a>I am an RFA employed by a company that sells Category 1 products (on the basis of a class service only and/or advice to wholesale clients only) and Category 2 products.  Am I a reporting entity under the AML/CFT Act?</strong></p> <p>If you are selling Category 1 products, your employer is likely to be a reporting entity under Regulation 16 of the Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Regulations 2011.  As an employee of that reporting entity, you will be required to follow the AML/CFT policies and procedures set out by your employer.</p> <p><strong><a name="IamaonemanbandRFAsellingriskbased"></a>I am a 'one man band' RFA selling risk-based insurance and some Category 1 products, mainly KiwiSaver (on the basis of a class service only/or advice to wholesale clients only). Am I a reporting entity under the AML/CFT Act?</strong></p> <p>If you are an individual who operates in your own name and not through a company or other unincorporated body, then you will not be a reporting entity under Regulation 16 of the Anti-Money Laundering and Countering Financing of Terrorism (Definitions) Regulations 2011. If you operate under the umbrella of a company or unincorporated body (including a partnership, joint venture or trust), then even if you are the only adviser,  the company or unincorporated body will be a reporting entity and will be supervised by the Financial Markets Authority (FMA).</p> <p><strong><a name="IamanRFAwhosellssomecategory1products"></a>I am an RFA who sells some Category 1 products through a company (on the basis of a class service only and/or advice to wholesale clients only) so realise that my company is a reporting entity under the AML/CFT Act. Do I have to prepare a risk assessment and AML programme for my whole business?</strong></p> <p>The risk assessment and AML programme only have to represent the part of your business that relates to the Category 1 products that you sell.</p> <h2>Trading transferable securities</h2> <p><strong><a name="ItradeCarbonCreditsformyownaccount"></a>I trade Carbon Credits for my own account as part of my business.  Does this make me a reporting entity under the AML/CFT Act?</strong></p> <p>Carbon Credits are not treated as securities for the purposes of the AML/CFT Act. This means that trading carbon credits will not make you are a reporting entity under paragraph (vii) of the definition of 'financial institution'. You could still be a reporting entity if you invest funds in carbon credits on behalf of others or if you manage an individual or collective portfolio of carbon credits. It is also important to distinguish between carbon credits and derivatives linked to carbon credits. If you trade in derivatives linked to carbon credits then you will be a reporting entity under paragraph (vii) of the definition of 'financial institution'.</p> <h2>Issuers and Participants in securities issues</h2> <p><strong><a name="Iamanissuerofsecuritiesregistered"></a>I am an issuer of securities registered on the FSPR. Am I a reporting entity under the AML/CFT Act?</strong></p> <p>You are not automatically a reporting entity just because you are registered on the FSPR. You will be a reporting entity if you issue debt securities in the ordinary course of your business or if you participate in securities issues and provide financial services in relation to those issues. We have issued a Guideline on Issuers of Securities and Participants in Issues to help you understand whether you are a reporting entity.</p> <p>The provisions of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (FSP Act) that determine whether an entity should be registered on the FSPR are not identical to the provisions in the AML/CFT Act that deal with whether an entity is a reporting entity. Although the purposes of the AML/CFT Act and the FSP Act overlap, the FSP Act has a wider purpose. Some issuers may therefore need to register on the FSPR even though they may not be reporting entities for AML/CFT Act purposes and conversely some entities may be reporting entities even though they are not required to register on the FSPR.</p> <p><strong><a name="Iamissuerofequitysecurities"></a>I am issuer of equity securities. The only financial service I provide in relation to the securities is to act as the issuer under section 5(i) of the FSP Act. Am I a reporting entity?</strong></p> <p>You will only be a reporting entity under paragraph (viii) of the definition of Financial Institution (i.e. participating in securities issues and the provision of financial services related to those issues) if you perform a financial service (as defined in Section 5 of the FSP Act in addition to acting as an issuer of securities.  If you only act as an issuer of securities and do not provide other financial services such as being a promoter, manager, financial adviser, broker or underwriter, then you will not be a reporting entity under paragraph (viii) of the definition of financial institution.  The <a href="http://www.fma.govt.nz//assets/media/1338941/issuers-guideline-final-december-2012.pdf" target="_blank">Guideline on Issuers of Securities and Participants in Issues</a> has been published to help issuers understand whether they are reporting entities or not.</p> <p><strong><a name="Iamanissuerofdebtsecurities"></a>I am an issuer of debt securities, am I a reporting entity?</strong></p> <p>An issuer of retail debt securities falls into the category of "accepting deposits or other repayable funds from the public" under paragraph (a)(i) of the definition of 'financial institution' in the AML/CFT Act.  In order to decide whether you are a reporting entity, you must decide whether you issue debt securities to the public in the ordinary course of business.  The <a href="http://www.fma.govt.nz//assets/media/363933/ordinary-course-of-business-guideline-final.pdf" target="_blank">Ordinary Course of Business Guideline</a> has been published to help you decide whether an activity is within your ordinary course of business.</p> <p>If you have a separate company or SPV in your group structure whose primary purpose is to issue retail debt securities, then issuing debt securities to the public would usually be in the ordinary course of business for that SPV. If, however, the SPV has not issued debt securities for a significant period of time and has no intention to issue more debt securities, then you may decide that the SPV does not issue debt securities to the public in the ordinary course of business.  We cannot give definitive guidance on what 'a significant period of time' might be, because this will depend upon the nature of your business.</p> <p><strong><a name="WehaveaSPVthatissuesdebtsecurities"></a>We have a SPV that issues debt securities in the ordinary course of business, on whom should it complete CDD?</strong></p> <p>A reporting entity, such as your SPV, must complete CDD on its customers, their beneficial owners and anyone acting on behalf of its customers.  This CDD must be completed before the issuance of the debt securities.  The customers of the SPV will be the people who purchase the debt securities directly from the SPV (primary market purchasers).</p> <p>You would not normally need to complete ongoing CDD on people who may purchase your debt securities in the secondary market, because these people are not your customers and in most cases would not be beneficial owners of your customers.</p> <p><strong><a name="WehaveaSPVthatissueddebtsecuritiesbefore30June"></a>We have a SPV that issued debt securities before 30 June 2013, but has no intention of issuing further securities. Is it a reporting entity under the AML/CFT Act?</strong></p> <p>No, we would expect that your SPV is not currently issuing debt securities in the ordinary course of business, even though some of its debt securities may still be traded in the secondary market.  If however, there is an intention to issue further debt securities in the future, then the SPV will be a reporting entity.  This would mean it would need to comply with the ongoing obligations under the AML/CFT Act such as appointing an AML/CFT Officer, submitting an annual report and producing a risk assessment and AML/CFT Programme.  Please note that the analysis under the AML/CFT Act will not always be the same as that under the FSP Act, so an issuer may need to register on the FSPR even if it is not required to be a reporting entity for AML/CFT Act purposes.</p> <p><strong><a name="ifanissuerof"></a>If an issuer of securities has conducted CDD on the initial purchasers of their securities, do they have to conduct CDD on all subsequent people who purchase the securities in an independent secondary market? </strong></p> <p>No.  The AML/CFT Act only requires a reporting entity to conduct CDD on customers; beneficial owners of customers; and people acting on behalf of a customer. An issuer of securities may be required to conduct CDD on the initial purchasers of its securities (for example if it is issuing debt securities, or issuing equity securities and providing financial services in relation to those equity securities, in the ordinary course of business) because those initial purchasers will be customers of the reporting entity. If someone purchases the securities in a secondary market that is independent from the reporting entity, and the reporting entity does not have any other business relationship with the purchaser, then the purchaser does not become a customer of the reporting entity simply by holding the securities.  The reporting entity does not need to conduct CDD on that secondary market purchaser.</p> <p>Where a reporting entity makes payments due under securities to a person who has purchased those securities in an independent secondary market, this will not in itself mean the purchaser is a customer of the reporting entity.  Payments could include interest instalments, dividends or a final redemption amount.  These payments on their own will not trigger an obligation to conduct CDD on the purchaser.  However, if a reporting entity facilitates the purchase of its securities, or otherwise enters into a business relationship with the purchaser of those securities, then the purchaser would become a customer of the reporting entity.  In these circumstances the reporting entity should conduct CDD on the purchaser in accordance with the AML/CFT Act before entering into the business relationship unless an exemption from the Act applies.</p> <p><strong><a name="AreCrowdfunding"></a>Are crowd funding service providers and peer-to-peer lending service providers reporting entities?</strong></p> <p>Yes. Anyone who provides a crowd funding service or peer-to-peer lending service (as defined in the <a href="http://www.legislation.govt.nz/regulation/public/2014/0050/latest/DLM5956708.html">Financial Markets Conduct (Phase 1) Regulations 2014</a>) is participating in an issue of securities and providing a financial service in relation to those securities.  This means that they will be a 'financial institution' under section 5 of the AML/CFT Act and they are therefore reporting entities under the Act.  They may also perform other financial activities that mean they fall within the definition of a financial institution, although this will not affect their obligations under the AML/CFT Act.  All investors and issuers (or all lenders and borrowers in the peer-to-peer context) using their services will be their 'customers' for the purposes of the Act. </p> <h2>Funds and Fund Managers</h2> <p><strong><a name="IamafundmanageramIareportingentity"></a>I am a fund manager, am I a reporting entity under the AML/CFT Act?</strong></p> <p>In most fund structures we would expect the fund manager to be a reporting entity under the AML/CFT Act. The fund manager is likely to be "managing individual or collective porfolios" (under paragraph (a)(ix) of the definition of a financial institution) and/or "investing, administering, or managing funds or money on behalf of other persons" (under paragraph (a)(xi) of the definition of a financial institution).</p> <p>In some fund structures, such as venture capital funds or property investment structures using an investment company, there may not be a fund manager conducting the activities described in paragraphs (ix) or (xi) of the definition of financial institution. It may be difficult to identify an individual entity that is conducting these financial activities. In these circumstances you should consider whether the fund structure as a whole could be considered to be a legal arrangement under which the financial activities are conducted. It is useful to look at this from the investor's point of view to understand whether they would consider that they are receiving the services described in paragraphs (ix) or (xi) of the definition of financial institution. If the investor is receiving these financial services from the fund, then the fund entity that interacts with the investor would be a reporting entity under the AML/CFT Act.</p> <h2>Investment companies</h2> <p><strong><a name="irunaninvestment"></a>I run an investment company. As a company, it invests funds on its own behalf, so how could it be a reporting entity under paragraph (xi) of the definition of financial institution?</strong></p> <p>In the context of the AML/CFT Act, you should consider the substance of your activities, rather than the legal form adopted. An investment company may be considered to be "investing, administering, or managing funds or money <em>on behalf of other persons</em>" (emphasis added) where, in substance, the investment activities are being conducted for the benefit of and in the interests of the underlying equity investors. The fact that a company is investing funds for its own benefit does not prevent the conclusion that it is also investing funds for the benefit of its investors. A company that has the 'look and feel' of a fund or pooled investment vehicle is also likely to be a reporting entity under paragraph (ix) of the definition of financial institution ("managing individual or collective portfolios").</p> <p>This does not mean that all companies that invest in and manage assets will be reporting entities. The vast majority of companies will not be reporting entities under paragraphs (ix) or (xi) and there is effectively a presumption that companies are not acting as a fund or pooled investment vehicle for their ordinary shareholders, but if a company has the look and feel of a fund or pooled investment vehicle then it will be a reporting entity.</p> <p>At one end of the spectrum there are companies who actively manage assets as part of a non-investment business, for example power generation companies and milk producers. These types of companies would not be considered to be managing a portfolio for the purposes of the AML/CFT Act or undertaking their investments on behalf of their equity investors. At the other end of the spectrum are investment companies that passively invest in assets as a look-through vehicle for investors. These types of companies would be considered to be investing on behalf of their investors, and may also be managing a portfolio for the purposes of the AML/CFT Act. They would therefore be reporting entities under the AML/CFT Act. Most companies will fall somewhere between the two ends of this spectrum, but only companies that 'look and feel' like a fund or pooled investment vehicle are intended to be reporting entities under these paragraphs. There is no single determining factor, but factors that may be relevant include:</p> <ul> <li>The legal form of the relationship between an investor and the relevant entity and whether the rights, benefits and AML/CFT risks are analogous to an investment in a fund or other pooled investment vehicle</li> <li>Whether there is a recognisable investment strategy for investing in a portfolio of assets</li> <li>The employment structure of the entity, for example are the majority of individuals employed in assessing potential investments and divestments and related administrative roles?</li> <li>The reasonable perceptions of investors, i.e. whether they would consider themselves to be investing in an asset class or portfolio, rather than investing in a business</li> <li>The way the company describes and/or markets itself, for example references to the opportunity to make an investment in its portfolio</li> <li>The nature of any assets invested in by the company.  For example, are assets independent and unrelated or are they integral parts of a wider business?</li> <li>Whether the way in which assets are held is similar to the way a fund or other pooled investment vehicle would be expected to hold assets</li> <li>The active or passive nature of activities undertaken by the company in relation to its assets</li> <li>The number of independent assets held</li> <li>The frequency with which new equity funds are raised</li> <li>The frequency of acquisition and divestment of assets</li> </ul> <p>Other factors may also be relevant. If in doubt please contact us at <a href="mailto:aml@fma.govt.nz%20">aml@fma.govt.nz</a> to discuss whether you are a reporting entity.</p> <p><strong><a name="wehaveapooled"></a>We have a pooled investment vehicle structured as an investment company and a separate investment manager. The investment manager is a reporting entity under the AML/CFT Act, will the investment company also be a reporting entity?</strong></p> <p>Each individual entity needs to be assessed against the definition of 'reporting entity' in the AML/CFT Act to determine whether or not it is a reporting entity. Although you should consider each part of the definition of 'financial institution' paragraphs (viii), (ix) and/or (xi) may be most relevant. If you determine that your investment manager is conducting all relevant activities, rather than the investment company, then the investment manager will be a reporting entity and the investment company may not be a reporting entity. However, this does not mean that the reporting entity can avoid conducting customer due diligence on the investors in your pooled investment vehicle. The investment company would be considered to be the facility through which the investment manager is conducting the activities and these activities would be considered to be conducted on behalf of the investors (see previous <a href="http://www.fma.govt.nz/#irunaninvestment">question and answer</a>). The investors would therefore be 'customers' of the investment manager for the purposes of the AML/CFT Act.</p> <p><strong><a name="ourinvestmentcompany"></a>Our investment company is a reporting entity and has shares traded in the secondary market. Do we have to identify people who purchase the shares in the secondary market?</strong></p> <p>We would not usually expect reporting entities to complete ongoing CDD on people who may purchase their securities in the secondary market. This is because secondary market purchasers are not customers of the reporting entity and in most cases would not be beneficial owners of customers. If the reporting entity is on notice that the original person who purchased the securities in the primary market was actually acting on behalf of a subsequent investor, then the subsequent investor will be a 'beneficial owner' under the AML/CFT and the reporting entity must conduct customer due diligence on that beneficial owner, but we would not normally expect this to be the case.</p> <h2>Exclusions and Exemptions</h2> <p><strong><a name="Canirelyonregulation20"></a>Can I rely on Regulation 20 (Exclusion: Lawyers, etc) of the AML/CFT (Definitions) Regulations, as amended, if I undertake other relevant activities in addition to those described in Regulation 20?</strong></p> <p>Yes, you may rely on Regulation 20 to exclude the operation of the AML/CFT Act to the extent that you carry out a relevant service in the ordinary course of one of the businesses listed in Regulation 20. The inclusion of the word 'only' in paragraph 1 of the regulation is not intended to prevent reporting entities from obtaining the benefit of this regulation if they carry out other activities caught within the scope of the AML/CFT Act. If a reporting entity carries out other activities caught within the scope of the AML/CFT Act, then the obligations contained in the AML/CFT Act will still apply to those other activities.</p> <p><strong><a name="AmIexemptfromtheAMLCFTActunderregulation"></a>Am I exempt from the AML/CFT Act under Regulation 16 (Relevant services provided to related entities) of the AML/CFT (Exemptions) Regulations, if my only customers are related entities?</strong></p> <p>Regulation 16 of the Exemptions Regulations applies when "the recipient of the service" is related to the person that provides the financial service. In most cases this will mean that a person is exempt from the AML/CFT Act if their only customers are related entities, however, in some cases the recipient of a service will be a third party who may have no contractual link to the person providing the service. If a non-related person is the recipient of your financial service, then you will be a reporting entity. It is useful to look at this from the investor's point of view to understand whether they would consider that they are receiving financial services as described in the definition of financial institution in section 5 of the AML/CFT Act.</p> <h2>Supervision in relation to AML/CFT</h2> <p><strong><a name="HowdoesFMAsuperviseAMLCFT"></a>How does FMA supervise AML/CFT?</strong></p> <p>FMA is committed to a risk-based approach in countering money laundering and terrorist financing. This means we allocate our resources and efforts to the areas where we perceive the greatest threat to our statutory objectives, in order to:</p> <ul> <li>detect and deter money laundering and the financing of terrorism</li> <li>maintain and enhance New Zealand's international reputation by adopting, where appropriate in the New Zealand context, recommendations issued by the Financial Action Task Force</li> <li>contribute to public confidence in the financial system</li> </ul> <p>Criminals are increasingly flexible and innovative in their efforts to launder money and attempt to avoid detection. It is therefore important that our anti-money laundering responses are flexible, proportionate and cost-effective. These are the main characteristics of a risk-based AML/CFT regime.</p> <p><strong><a name="IsitjustthesameasAustralia"></a></strong><strong>Is it just the same as Australia?</strong></p> <p>No. One of the policy drivers behind the legislation was trans-Tasman integration, but only where it is appropriate for New Zealand. The detail in the legislation and the Government's approach differs in a number of areas, so it is imperative that reporting entities fully understand their obligations under the New Zealand regime.</p> <p> </p> <p><strong><em>This information does not constitute legal advice. Please consult the relevant statute and regulations and seek independent advice if necessary.</em></strong></p> /help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/annual-amlcft-reporting/how-to-get-started/ How to get started! 2014-09-30 11:41:14 Financial Markets Authority <h3>To complete the annual AML/CFT report for FMA you will need:</h3> <ul> <li>to make sure FMA is your supervisor for AML/CFT (<a href="http://www.fma.govt.nz//help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/annual-amlcft-reporting/frequently-asked-questions-faqs/">refer to separate FAQs</a>)</li> <li>an <a href="http://www.business.govt.nz/fsp/about-the-fspr/how-do-i-register-an-fsp">FSP</a> number (it needs to include FSP and the number at login)</li> <li>a <a href="https://www.realme.govt.nz/">RealMe</a> login username and password <span>(</span><em>if this is the first time you have logged onto our online system using your RealMe username and password, you will need to create a new user record</em><span>).</span></li> <li>your most recent financial year-end data</li> <li>to complete FMA's annual AML/CFT report, now available via our online system (link below)</li> <li>to submit your annual AML/CFT report between 1 July and 30 August 2014.</li> </ul> <h3>We also recommend that you:</h3> <ul> <li>familiarise yourself with the questions set out in the <a href="http://www.legislation.govt.nz/regulation/public/2011/0225/latest/DLM5314937.html">regulations</a></li> <li>Read the <a href="http://www.fma.govt.nz//assets/media/1968753/user-guide-aml-cft-annual-report.pdf" target="_blank">User Guide</a> (which can help you to start planning your responses)</li> <li>review the <a href="http://www.fma.govt.nz//help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/annual-amlcft-reporting/frequently-asked-questions-faqs/">FAQs</a></li> <li>check our <a href="http://www.fma.govt.nz//">website</a> on a regular basis for updated information on annual AML/CFT reports.</li> </ul> <h4> </h4> <h3 class="withlink"><em>To access our online portal and start preparing your annual AML/CFT report click <a href="http://www.e-services.fma.govt.nz">here</a>.</em></h3> /keep-updated/warnings-alerts-and-scams/fmas-latest-warnings-and-alerts/2014/general-equity-warning-disclosure-order-under-section-49-of-the-financial-markets-authority-act-2011 General Equity: Warning Disclosure Order under section 49 of the Financial Markets Authority Act 2011 2014-09-30 11:20:07 Financial Markets Authority <h3><b>Order</b></h3> <p><b>TO:</b>  General Equity, Level 4, General Equity House, 17 Albert Street, Auckland 1010, New Zealand.</p> <p><b>AND TO:</b>  all associated persons of General Equity (including any associated person that may be incorporated or formed after the date of this Order)</p> <p>The Financial Markets Authority (<b>FMA</b>) makes the following Order under section 49(1) of the Financial Markets Authority Act 2011 against General Equity and associated persons of General Equity:</p> <p style="padding-left: 30px;">1. Any website operated by or on behalf of General Equity and each associated person of General Equity must contain, on the main page of the website, a warning statement in the form attached as Annexure A to this Order (<b>Warning Statement</b>).<br>2. The Warning Statement is required to be displayed:</p> <p style="padding-left: 60px;">(a)   Prominently;<br>(b)   In black font no smaller than the font contained in Annexure A to this Order; and<br>(c)   In the same layout as the layout used in Annexure A to this Order.</p> <p style="padding-left: 30px;">3. General Equity must provide a copy of this order to each associated person of General Equity.<br>4. In this Order, pursuant to<b> </b>section 49(7)(d) of the Financial Markets Authority Act 2011, <b>associated person</b> has the same meaning as section 6(1) of the Financial Markets Conduct Act 2013, with the full meaning being set out in section 12 of that Act.</p> <p>Note that a person who contravenes an Order made by FMA under Section 49 of the Financial Markets Authority Act 2011 commits an offence and is liable on summary conviction to a fine not exceeding $300,000.</p> <p class="labelledlabel-para">This Order is made subject to any further Orders of FMA.</p> <p><b>Dated at Wellington this 29<sup>th</sup> day of September 2014.</b></p> <h3><b>Copy of order</b></h3> <p><a href="http://www.fma.govt.nz//assets/Warnings/General-Equity-Warning-Disclosure-Order-under-Section-49-of-the-Financial-Markets-Authority-Act-2011.pdf" target="_blank">General Equity: Warning Disclosure Order under Section 49 of the Financial Markets Authority Act 2011</a></p> <h3>Reasons for making the order</h3> <p>Following issue of the <a href="http://fma.govt.nz/keep-updated/warnings-alerts-and-scams/fmas-latest-warnings-and-alerts/2014/warning-exercise-extreme-caution-when-dealing-with-general-equity" target="_blank">warning about General Equity</a> FMA made an Order under section 49(1) of the Financial Markets Authority Act 2011 against General Equity and associated persons of General Equity, requiring them to prominently disclose a copy of the warning on 1 or more Internet sites maintained by or on behalf of the those persons (a <b>warning disclosure order</b>).  FMA made the warning disclosure order for the following reasons:</p> <ol start="1"> <li>It is important that those dealing with General Equity are made aware of FMA’s concerns as expressed in the warning.</li> <li>A disclosure order under section 49 ensures that the warning is disseminated directly by General Equity, which will result in a wider and more targeted and relevant distribution than might otherwise be the case if FMA relied solely on publishing the warning on      the FMA website.</li> <li>In particular, individuals and entities from overseas who might be dealing with General Equity are more likely to be made aware of the warning if it is published by General Equity.</li> </ol> /keep-updated/warnings-alerts-and-scams/fmas-latest-warnings-and-alerts/2014/warning-exercise-extreme-caution-when-dealing-with-general-equity Warning: Exercise extreme caution when dealing with General Equity 2014-09-30 11:19:43 Financial Markets Authority <p>The Financial Markets Authority (<b>FMA</b>) has issued a warning to the public about <b>General Equity</b> (previously named <b>General Equity Building Society</b>), a New Zealand building society.</p> <p><b>FMA warns any persons dealing with General Equity to exercise extreme caution before obtaining any financial services, or acquiring any financial products, from General Equity.</b>  In particular, FMA warns those persons to take into account that:</p> <ul> <li>In FMA’s view, General Equity has engaged in conduct and has made statements that are misleading and deceptive in connection with its status as a financial markets participant and how it is regulated in New Zealand. </li> <li>General Equity is not a licensed financial markets participant in New Zealand, does not have to meet any prudential requirements (including minimum capital requirements) in New Zealand and is not a New Zealand bank or a non-bank deposit taker. </li> <li>In FMA’s view, General Equity has engaged in conduct and has made statements that are misleading and deceptive in connection with The General Equity Asset Builder Fund No 1 (<b>ABF1</b>).  In FMA’s view, the ABF1 does not hold the assets General Equity claims it holds and was used by General Equity to give a misleading impression of adequate asset backing to support the issuance of letters of credit by General Equity. </li> <li>Most of General Equity’s business is conducted outside of New Zealand.   That business is subject to the laws of, and oversight of financial markets regulators, of those places where it conducts that business.  FMA has limited ability at law to take action in connection with financial services provided by New Zealand entities outside of New Zealand.</li> </ul> <p>FMA regulates New Zealand's financial markets.  Our main objective is to promote fair, efficient and transparent financial markets.  To find out more about us and for help with investing see <a href="http://www.fma.govt.nz">www.fma.govt.nz</a>.</p> /keep-updated/newsroom/afa-updates/financial-markets-authority-afa-update-issue-31 Financial Markets Authority AFA Update: Issue # 31 2014-09-30 11:02:16 Financial Markets Authority <h2><b>Time is nearly up to submit your AFA Information Return</b></h2> <p>Thank you to all the AFAs who have submitted their Information Return.  We’ve had a great response so far and we’re looking forward to receiving the remaining ones soon.<br> <br> For those that haven’t begun theirs yet, we recommend <a href="http://financialmarketsauthority.cmail2.com/t/r-l-mkddrn-ijljtijtid-t/">starting now </a>as it’s due by <strong>5pm tomorrow (Tuesday 30 September)</strong>.<br> <br> If you do not submit your Information Return by <strong>5pm tomorrow </strong>it will be <strong>recorded as overdue </strong>and you will be failing to comply with your regulatory obligations.  If we have not received your Return or heard from you, you can expect us to be in touch in due course.<br> <br> Please note: we have received some Returns we cannot identify back to the individual AFA. Please check your PDF and if it is in the name of an entity you will need to resubmit your Return under your own name.<br> <br> If you have any questions when completing your Return please check our <a href="http://financialmarketsauthority.cmail2.com/t/r-l-mkddrn-ijljtijtid-k/">FAQs</a>. Otherwise email your question to <a href="mailto:questions@fma.govt.nz">questions@fma.govt.nz</a> or call us on 0800 434 567.</p> /help-me-comply/new-licences-for-financial-market-services/derivatives-issuer/ Derivatives Issuer 2014-09-30 10:13:15 Financial Markets Authority <p>Under the Financial Markets Conduct (FMC) Act you must be licensed to make a regulated offer of derivatives.</p> <p>Here you can find out how to apply for a licence, what your obligations are and details about fees and levies.</p> /help-me-comply/new-licences-for-financial-market-services/peer-to-peer-lending-services/ Peer-to-Peer Lending Services 2014-09-30 10:09:28 Financial Markets Authority <p>The Financial Markets Conduct Act introduces a licence for peer-to-peer lending services.</p> <p>Here you can find out how to apply for a licence, what your obligations are and details about fees and levies.</p> /help-me-comply/issuers/exemptions/ Exemptions 2014-09-29 18:06:40 Financial Markets Authority <p><strong><span>FMA grants a class exemption relating to the form and content of Investment Statements for IPOs</span></strong></p> <p><span>Following consultation earlier this year, the Financial Markets Authority (FMA) has granted a class exemption relating to the form and content of an investment statement for initial offers of equity securities to the public. The class exemption notice can be found <a href="/laws-we-enforce/legislation/exemption-notices/current-exemption-notices/securities-act-exemptions/securities-act-form-and-content-of-investment-statement-for-equity-security-offers-exemption-notice-2014">here</a>.</span></p> <p><span>The class exemption is substantially similar to previous individual exemptions granted by the FMA except that we have included an additional condition requiring information be included about the process and timing of the listing of the securities.</span></p> <p><span>In addition, there was a concern that the condition requiring the investment statement to be worded and presented in a clear, concise and effective manner might create uncertainty for issuers. Although a similar requirement will apply to Product Disclosure Statements under the Financial Markets Conduct Act 2013, a breach of the condition in an exemption would have a more serious consequence under the Securities Act regime. For this reason we have amended the condition to require the issuer’s directors to pass a resolution to confirm that, in their opinion after due enquiry, the investment statement is worded and presented in a clear, concise, and effective manner. This will allow issuers greater certainty that they meet the condition.</span></p> <p><span>We will continue to work with issuers, prior to registration of their prospectus, to ensure IPO investment statements meet the recommendations in our <a href="http://www.fma.govt.nz//assets/guidance-note-effective-disclosure-june-2012.pdf" target="_blank">Effective Disclosure</a> guidance. Our approach to <a href="http://www.fma.govt.nz//help-me-comply/issuers/prospectus-registration/pre-registration-review-of-offer-documents-prospectuses-and-investment-statements/">pre-registration review of offer documents</a> is available on our website.</span></p> <p><span> </span></p> <p>The Financial Markets Authority has wide powers to exempt persons (or types of persons) or transactions (or types of transactions) from some requirements in the Securities Act 1978, Securities Markets Act 1988, Financial Reporting Act 1993 and associated regulations.</p> <ul> <li><a title="What Exemptions Can I Apply For?" href="http://www.fma.govt.nz/help-me-comply/issuers/exemptions/what-exemptions-can-i-apply-for/">What exemptions can I apply for?</a></li> <li><a title="How Do I Make an Application?" href="http://www.fma.govt.nz/help-me-comply/issuers/exemptions/how-do-i-make-an-application/">How do I make an application?</a></li> <li><a title="What Are the Charges?" href="http://www.fma.govt.nz/help-me-comply/issuers/exemptions/what-are-the-charges/">What are the charges?</a></li> <li><a title="How Long Does It Take?" href="http://www.fma.govt.nz/help-me-comply/issuers/exemptions/how-long-does-it-take/">How long does it take?</a></li> <li><a title="What Exemptions Won&#039;t Be Granted?" href="http://www.fma.govt.nz/help-me-comply/issuers/exemptions/what-exemptions-wont-be-granted/">What exemptions won't be granted?</a></li> <li>What if I want to <a title="Applications to Exclude Commercially Sensitive Information from Material Contracts" href="http://www.fma.govt.nz/help-me-comply/issuers/exemptions/applications-to-exclude-commercially-sensitive-information-from-material-contracts/">exclude commercially sensitive information</a> from my application?</li> </ul> <p><a title="Exemption Notices" href="http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/">Find out more about exemptions, including exemptions already granted</a>.</p> <p><strong><a title="Exemption Notices" href="http://www.fma.govt.nz/laws-we-enforce/legislation/exemption-notices/">See a full list of Exemption Notices</a></strong></p> <table> <tbody> <tr> <td> <p>This information relates to FMA's exemption powers under the Securities Act regime. FMA also has exemption powers under the FMC Act. <a href="http://www.fma.govt.nz//help-me-comply/issuers/who-needs-to-comply/new-securities-act-exemptions-effective-1-april-2014/">Some of the substantive provisions in the FMC Act come into force on 1 April 2014</a> and the remainder come into force on 1 December 2014.</p> <p>For information on the timeline for change and the latest news and information, click <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">here</a>.</p> </td> </tr> </tbody> </table> /help-me-comply/issuers/financial-reporting-updates-and-guidance-notes/ Financial Reporting Updates and Guidance Notes 2014-09-29 18:06:40 Financial Markets Authority <table> <tbody> <tr> <td> <p>These requirements relate to the Securities Act regime. From 1 December 2014, offers of financial products can be made under the new Financial Markets Conduct Act (FMC Act) regime. However it is important that market participants understand that different requirements will apply to offers under the new FMC Act regime. See <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">here</a> for the latest news and information.</p> </td> </tr> </tbody> </table> <p><a href="http://www.fma.govt.nz//help-me-comply/issuers/financial-reporting-updates-and-guidance-notes/guidance-note-pre-prospectus-publicity-some-practical-guidance-for-issuers-and-their-advisers/"><strong>Guidance Note: Pre-prospectus publicity - some practical guidance for issuers and their advisers</strong></a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/issuers/financial-reporting-updates-and-guidance-notes/guidance-note-effective-disclosure/"><strong> Guidance Note: Effective Disclosure</strong></a></p> <p><a href="http://www.fma.govt.nz//help-me-comply/issuers/financial-reporting-updates-and-guidance-notes/guidance-note-disclosing-non-gaap-financial-information/"><strong>Guidance Note: Disclosing non-GAAP financial information</strong></a></p> <p><strong><a href="http://www.fma.govt.nz//assets/media/1105043/2013-financial-reports-focus.pdf" target="_blank">2013 financial reports focus</a></strong></p> <p><strong><a href="/keep-updated/reports-and-papers/monitoring-of-kiwisaver-offer-documents">Monitoring of KiwiSaver Offer Documents</a></strong></p> <p><strong><a href="/keep-updated/reports-and-papers/offering-securities-in-new-zealand-and-australia-under-mutual-recognition">Guidance Note: Offering Securities in New Zealand and Australia under Mutual Recognition</a></strong></p> <h4><strong><a href="/keep-updated/reports-and-papers/disclosure-of-fees-paid-to-auditors-by-listed-issuers">Disclosure of fees paid to auditors by listed issuers report</a></strong></h4> /help-me-comply/issuers/financial-reporting-updates-and-guidance-notes/guidance-note-disclosing-non-gaap-financial-information/ Guidance Note: Disclosing non-GAAP financial information 2014-09-29 18:06:40 Financial Markets Authority <table> <tbody> <tr> <td> <p>These requirements relate to the Securities Act regime. From 1 December 2014, offers of financial products can be made under the new Financial Markets Conduct Act (FMC Act) regime. However it is important that market participants understand that different requirements will apply to offers under the new FMC Act regime. See <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">here</a> for the latest news and information.</p> </td> </tr> </tbody> </table> /help-me-comply/issuers/ Issuers 2014-09-29 18:06:40 Financial Markets Authority <p>Issuers of equity or debt securities, life insurance companies, trustees of superannuation schemes, contributory mortgage brokers, and managers of unit trust all have obligations as issuers.</p> <h3>Future changes</h3> <p>Find out more about the <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/">new financial reporting requirements for issuers</a> and the <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">FMC Act</a>. </p> /help-me-comply/issuers/exemptions/what-exemptions-can-i-apply-for/ What Exemptions Can I Apply For? 2014-09-29 18:06:39 Financial Markets Authority <p>You may apply to the Financial Markets Authority for an exemption from specific provisions of:</p> <ul> <li>Part 2 of the Securities Act 1978 (which regulates how offers of securities may be made to the public) and any regulations made under that Act</li> <li>Part 2 of the Securities Markets Act 1988 (which contains disclosure obligations of directors and officers, and substantial security holders, of public issuers) and any regulations made under that Part</li> <li>the Financial Reporting Act 1993, which relate to overseas issuers and recipients of money from conduit issuers.</li> </ul> <table> <tbody> <tr> <td> <p>FMA also has exemption powers under the FMC Act 2014. <a href="http://www.fma.govt.nz//help-me-comply/issuers/who-needs-to-comply/new-securities-act-exemptions-effective-1-april-2014/">Some of the substantive provisions in the FMC Act come into force on 1 April 2014</a> and the remainder come into force on 1 December 2014.</p> <p>For information on the time line for change and the latest news and information, click <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">here</a>.</p> </td> </tr> </tbody> </table> /help-me-comply/issuers/prospectus-registration/ Prospectus Registration 2014-09-29 18:06:39 Financial Markets Authority <table> <tbody> <tr> <td> <p>These requirements relate to the Securities Act regime. From 1 December 2014, offers of financial products can be made under the new Financial Markets Conduct Act (FMC Act) regime. However it is important that market participants understand that different requirements will apply to offers under the new FMC Act regime. See <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">here</a> for the latest news and information.</p> </td> </tr> </tbody> </table> <p>Prospectuses must be registered with the Registrar of Financial Service Providers, through the Companies office website.</p> <p>Once a prospectus is registered, it may be reviewed by FMA, to confirm that it complies with the Securities Act 1978 and the Securities Regulations.</p> <p>Except where the registered prospectus is a continuous issue prospectus, issuers may not allot (or accept subscriptions) for a period of five working days after registration.</p> <p>The purpose of this period (called the consideration period) is to provide FMA with the opportunity if it so chooses to review the prospectus. FMA can extend this period for a further five working days. It can also waive some or all of the consideration period, allowing securities to be allotted earlier.</p> <h2>How do you register a prospectus?</h2> <p>For information on how to register a prospectus see the <a href="http://www.business.govt.nz/companies/learn-about/updating-company-details/registering-prospectus-documents">Companies Office website</a>.</p> <h2>What do issuers have to do once a prospectus is registered?</h2> <p>Within five working days of registration, issuers need to update their websites to let the public know that the prospectus has been registered.</p> <p>The website needs to contain a reasonably prominent statement, or reasonably prominent link to a statement, that the prospectus has been registered, and describe where a copy of that prospectus can be found.</p> <h2>Pre-registration review of offer documents (Prospectuses and Investment Statements)</h2> <p>For more information on pre-registration review of offer documents click <a href="http://www.fma.govt.nz//help-me-comply/issuers/prospectus-registration/pre-registration-review-of-offer-documents-prospectuses-and-investment-statements/">here</a>.</p> <h2>Post-registration review by FMA</h2> <p>Once a prospectus is registered, FMA may review the document to determine whether it:</p> <ul> <li>complies with the Securities Act and the Securities Regulations</li> <li>contains any material incorrect descriptions or errors, or any material matter that is not clearly legible</li> <li>is false or misleading, or omits any material particular.</li> </ul> <p>FMA is not obliged to review every registered prospectus, and may choose not to review in some circumstances. FMA takes a risk-based approach to selecting prospectuses for review.</p> <p>During the review of a prospectus, FMA may contact the issuer to ask questions about its disclosure and may ask the issuer to correct or improve its prospectus.</p> <p>Following a review, or at any time later, if FMA thinks a registered prospectus does not comply with the Securities Act and the Securities Regulations or does not contain satisfactory disclosures, we can prohibit allotment and/or cancel the registered prospectus.</p> <p>If FMA is considering whether to cancel a prospectus we can make an interim order which can be in force for 15 to 30 working days. Securities cannot be allotted while an interim order is in force. FMA can make an interim order without giving notice to the issuer, though if we do this we will allow the issuer to make submissions after we have made the order.</p> <p>Under the Financial Markets Authority Act 2011, nothing FMA does can be taken as a guarantee or representation that a prospectus complies with the law, or that FMA has reviewed a prospectus. FMA can exercise its powers to cancel a prospectus at any time, even if it has undergone pre-registration vetting or post-registration review.</p> <h2>When can you allot?</h2> <p>Unless your registered prospectus is a continuous issue prospectus, you cannot allot (or accept subscriptions) until the end of the consideration period. Usually this is five working days after the prospectus is registered, although FMA can extend this to 10 working days. We may also notify you that the period has been shortened, and securities can be allotted.</p> <p>If your registered prospectus is a continuous issue prospectus you may allot from the date of registration. FMA may determine (by advance notice) that certain classes of continuous issue prospectuses are still subject to the post-registration stand down period for allotment.</p> <p>If your registered prospectus relates to securities for which there is already a registered prospectus, securities may be allotted and subscribed for under that original prospectus, despite the replacement registered prospectus still being subject to review.</p> <h2>How do you register an amendment to a registered prospectus?</h2> <p>You register an amendment to a registered prospectus in the same way you would register a prospectus. See the <a href="http://www.business.govt.nz/companies/learn-about/updating-company-details/registering-prospectus-documents">Companies Office website</a>.</p> <p>There is no stand down period for allotment in these circumstances.</p> <p>Issuers will also be required to update their websites within five working days of registration, to notify the details of the amendment.</p> <h2>How do you register trust deeds and deeds of participation?</h2> <p><a href="http://www.business.govt.nz/companies/">See the Companies Office website</a> for information on registering trust deeds and deeds of participation, and any amendments to those deeds.</p> <p>FMA is notified when a trust deed or deed of participation is registered. We may, at any time, prohibit allotment or cancel a prospectus where we determine that a trust deed or deed of participation:</p> <ul> <li>does not comply with the Securities Act or the Securities Regulations</li> <li>contains any material incorrect descriptions or errors, or any material matter that is not clearly legible.</li> </ul> <h2>What about prospectuses and deeds registered under the old registration regime?</h2> <p>These will continue to be treated as registered prospectuses and deeds.</p> <p>An issuer with an existing registered prospectus won't have to notify registration on its website. But they will need to comply with the new process for amending an existing registered prospectus.</p> /help-me-comply/issuers/who-needs-to-comply/ Who Needs to Comply 2014-09-29 18:06:39 Financial Markets Authority <table> <tbody> <tr> <td> <p>These requirements relate to the Securities Act regime. From 1 December 2014, offers of financial products can be made under the new Financial Markets Conduct Act (FMC Act) regime. However it is important that market participants understand that different requirements will apply to offers under the new FMC Act regime. See <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">here</a> for the latest news and information.</p> </td> </tr> </tbody> </table> <p>Anyone offering securities to the public needs to comply with a range of financial markets legislation. In particular they will need to comply with the:</p> <ul> <li>Securities Act 1978 and the Securities Regulations 2009</li> <li>Securities Markets Act 1988</li> <li>Financial Reporting Act 1993.</li> </ul> <p>Who needs to comply, and the extent of that person's legal obligations, depends on the nature of the offer, and the scope of the relevant piece of financial markets legislation.</p> <p>The information below describes:</p> <ul> <li>what is, for the purposes of the Securities Act, an 'offer of securities to the public'</li> <li>who has legal obligations when securities are offered to the public</li> <li>the <a href="http://www.fma.govt.nz/help-me-comply/issuers/who-needs-to-comply/new-securities-act-exemptions-effective-1-april-2014/">exemptions incorporated into the Securities Act by the FMC Act</a>.</li> </ul> <p><a title="Your Obligations" href="http://www.fma.govt.nz/help-me-comply/issuers/your-obligations/">Find out more about your obligations</a>.</p> <h2>What is an offer?</h2> <p>An offer includes an invitation and any proposal to make an offer. It can also include the distribution of offering documents (such as an investment statement or prospectus).</p> <p>It need not be a formal offer in any contractual sense. There need not be any advertising or public notification, and an offer can occur simply by a person creating securities, and then letting it be known those securities are for sale.</p> <h2>What is a security?</h2> <p>A security is an interest or right to participate in any capital, assets, earnings, royalties or other property.</p> <p>Common types of securities include equity securities (shares in a company) and debt securities (e.g. deposits or bonds).</p> <p>Other types of securities include:</p> <ul> <li>units in unit trusts</li> <li>interests in superannuation schemes</li> <li>life insurance policies.</li> </ul> <p>See more about <a href="http://www.fma.govt.nz/help-me-comply/superannuation/">superannuation schemes</a>.</p> <h2>Who is the public?</h2> <p>The Securities Act 1978 and its regulations are primarily concerned with offers of securities to 'the public'. These are often referred to as 'retail offers'. If an offer is not made to the public, it does not need to comply with the Act or its regulations (but it will need to comply with other financial markets legislation).</p> <p>Even if only one person who is offered securities is a member of the public the whole offer will nevertheless be considered an offer to the public, and so will need to comply with the Act and its regulations.</p> <h3>When is an offer of securities to 'the public'?</h3> <p>An offer of securities to the public includes an offer to:</p> <ul> <li>any section of the public</li> <li>individual members of the public randomly selected</li> <li>persons known to those making the offer as a result of an advertisement.</li> </ul> <p>An offer can still be to the public if it is aimed at a target group of people, and not the public in general, and even if those persons are selected for certain reasons (for example, employees of the person issuing or promoting the securities).</p> <h3>When is an offer of securities not to 'the public'?</h3> <p>An offer will not be made to the public if the only persons securities are offered to are:</p> <ul> <li>relatives or close business associates of the issuer or of a director of the issuer;</li> <li>recognised professional investors</li> <li>persons required to pay (or previously required to pay) a minimum subscription of $500,000</li> <li>any other person who has not been selected as a member of the public; or</li> <li>a person invited to enter into an agreement to underwrite or sub-underwrite the offer of securities.</li> </ul> <h3>Offer to 'eligible persons'</h3> <p>Most provisions of the Act relating to offers of securities do not apply if the only persons who are eligible to invest, and do invest, are wealthy, experienced in investing and/or experienced in the business or industry to which the offered securities relate. However, the issuer must have followed the process in the Securities Act for verifying the wealth or experience of the investors.</p> <p><a href="http://www.fma.govt.nz//help-me-comply/financial-advisers/who-needs-to-comply/what-type-of-financial-adviser-am-i/eligible-persons-and-eligible-investors/">Find out who is an 'eligible person'</a>.</p> <p>The Financial Markets Conduct Act 2013 (<strong>FMC Act</strong>) introduces some new exemptions into the Securities Act 1978 (<strong>Securities Act</strong>) from 1 April 2014.  This is to bring key growth-focussed initiatives into force ahead of the FMC Act coming fully into effect on 1 December 2014. </p> <p>The specific exemptions relate to:</p> <ul> <li>offers of financial products using licensed intermediaries (such as crowd funding or peer-to-peer lending providers)</li> <li>employee share purchase schemes</li> <li>offers to persons (under control of another person) who do not require prescribed information</li> <li>dividend reinvestment plans</li> <li>small offers</li> <li>offers of equity securities comprising controlling interests, where there are 5 or fewer investors</li> <li>offers of financial products of the same class as quoted financial products</li> <li>category 2 and certain PIE products offered by registered banks and their subsidiaries.</li> </ul> <p>An issuer wanting to rely on any of these new exclusions must comply with any relevant criteria and have followed the appropriate processes in Schedule 1 of the FMC Act and FMC Phase 1 Regulations. Find out more about these <a href="http://www.fma.govt.nz/help-me-comply/issuers/who-needs-to-comply/new-securities-act-exemptions-effective-1-april-2014/">new exclusions</a>.</p> <h2>Who has legal obligations when securities are offered to the public?</h2> <h3>Issuers and promoters under the Securities Act 1978 and the Securities Regulations 2009</h3> <p>The persons with obligations under the Securities Act and Regulations are, primarily, issuers and promoters.</p> <h4>Who is an issuer?</h4> <ul> <li>For equity or debt securities, the issuer is the person on whose behalf money paid for the securities is received</li> <li>For participatory securities or units in a unit trust, the issuer is the manager of the scheme or trust</li> <li>For an interest in a contributory mortgage, the issuer is the contributory mortgage broker</li> <li>For a life insurance policy, the issuer is the life insurance company liable under the policy</li> <li>For a superannuation scheme, the issuer is the superannuation trustee of the scheme.</li> </ul> <h4>Who is a promoter?</h4> <p>A promoter is a person who is instrumental in forming a plan under which securities are offered to the public. Where a promoter is a company, the directors of that company will also be promoters.</p> <p>Directors of issuers are not promoters, and nor are persons who are acting solely in their professional capacity, such as legal or financial advisers.</p> <h3>Issuers under the Securities Markets Act 1988</h3> <p>Under the Securities Markets Act, 'public issuers' also have obligations. A 'public issuer' is an entity that is party to a listing agreement with a registered exchange. Currently, the only registered exchange in New Zealand is NZX Ltd.</p> <p>Entities enter into listing agreements when they want to have their securities traded on an exchange.</p> <p><a title="Your Obligations" href="http://www.fma.govt.nz/help-me-comply/issuers/your-obligations/">Find out more about issuer's obligations</a></p> <h3>Issuers under the Financial Reporting Act 1993</h3> <p>Issuers also have financial reporting obligations under the Financial Reporting Act, and are required to prepare and register audited financial statements each year.</p> <p>Find out more about issuer's financial reporting obligations from the <a href="http://www.business.govt.nz/companies/learn-about/updating-company-details/financial-reporting"> Companies Office website</a>.</p> <h3>Contributory Mortgage Brokers under the Securities Act (Contributory Mortgage) Regulations</h3> <p>Regulation 12 of the Securities Act (Contributory Mortgage) Regulations (the Regulations) requires contributory mortgage brokers to deliver an annual report to the Registrar of Companies. The annual report must comply with the Regulations and must include audited financial statements.</p> <p>In the case of individuals the annual report must be delivered not later than the 31st day of May each year. In the case of contributory mortgage brokers who are not individuals the annual report must be delivered not later than 3 months after the end of the contributory mortgage broker's financial year.</p> <p>For more information see the <a href="http://www.business.govt.nz/companies/learn-about/other-entities/contributory-mortgage-brokers">Companies Office website</a>.</p> /help-me-comply/issuers/your-obligations/ Your Obligations 2014-09-29 18:06:39 Financial Markets Authority <table> <tbody> <tr> <td> <p>These requirements relate to the Securities Act regime. From 1 December 2014, offers of financial products can be made under the new Financial Markets Conduct Act (FMC Act) regime. However it is important that market participants understand that different requirements will apply to offers under the new FMC Act regime. See here for the <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">latest news and information</a>.</p> </td> </tr> </tbody> </table> <p>The primary obligations issuers have arise under the:</p> <ul> <li>Securities Act 1978 and the Securities Regulations 2009</li> <li>Securities Markets Act 1988</li> <li>Financial Reporting Act 1993.</li> </ul> <p>Issuers have a number of other obligations, depending on what kind of entity they are (e.g. a trust or a company), and whether their securities are listed on a registered exchange. Currently NZX is New Zealand's only registered exchange.</p> <h2>Obligations under the Securities Act 1978 and Securities Regulations 2009</h2> <p>Issuers and promoters (including their directors) have initial and ongoing obligations under the Securities Act and the Securities Regulations. Primarily, these obligations relate to the nature and content of the offering documents required when securities are offered to the public.</p> <p>Issuers also have specific obligations where they intend to offer debt or participatory securities to the public. Prior to offering those securities, the Act requires issuers to appoint a trustee (for debt securities) or a statutory supervisor (for participatory securities) and to enter into and register a trust deed or participation deed for those securities.</p> <h3>Obligation to prepare offering documents</h3> <p>Generally, issuers may not allot (or sell) securities to the public unless:</p> <ul> <li>at the time of subscription or payment there was a registered prospectus for those securities</li> <li>the subscriber received an investment statement for those securities before subscribing.</li> </ul> <p><strong>Prospectus</strong></p> <p>A prospectus contains information about the securities being offered, the terms of the offer, and information about the issuer and any promoters. Prospectuses must be signed by the issuer's directors, and each promoter (including the directors of a promoter, if it is a company). By doing so, the directors and promoters take responsibility for the content of the prospectus.</p> <p>The information required to be included in a prospectus is mostly set out in the regulations. The information required will depend on the type of securities being offered, and whether there are any exemptions which may exempt an issuer, or certain types of issuers, from specific provisions of the Act or regulations, or modify their application.</p> <p><strong>Investment statement</strong></p> <p>The investment statement is the primary disclosure document. The purpose of the investment statement is to provide key information to the prudent but non-expert investor, and it must contain the answers to certain questions specified by the regulations.</p> <p>The investment statement is an 'advertisement' for the purposes of the Act and is subject to requirements in the Act and the regulations relating to advertisements for securities.</p> <p><strong>Other advertisements</strong></p> <p>In general, an issuer is free to advertise its offer as it pleases provided the advertisement does not contain any untrue statement or any information likely to deceive, mislead or confuse about anything material to the offer. The Act and the regulations regulate the content of advertisements, with the aim of ensuring that information is presented fairly and is truthful.</p> <p>A certificate must generally be completed by the directors of the issuer for each advertisement when it is distributed. This certificate must state that the directors of the issuer have read, seen or listened to the advertisement, that the advertisement complies with the Act and the regulations, is not likely to deceive, mislead or confuse about anything material to the offer, and is not inconsistent with the investment statement or registered prospectus.</p> <p><strong>Standard of disclosure in offering documents</strong></p> <p>Issuers and their directors, and promoters are primarily responsible for ensuring offer documents do not contain untrue statements.</p> <p>A statement will be untrue if:</p> <ul> <li>it is misleading in the form and context in which it is included in the offer document</li> <li>it is misleading because it omits further information material to that statement.</li> </ul> <p>If a prospectus or advertisement does contain an untrue statement, issuers and their directors, and promoters can have civil and criminal liability.</p> <p>The Act prohibits allotment of securities if at the time of allotment the investment statement or registered prospectus contains a false or misleading material statement by failing to refer, or give proper emphasis to, adverse circumstances. This applies whether or not those circumstances arose after the date of the prospectus or investment statement.</p> <h3>Ongoing issuer obligations</h3> <p>Once a prospectus (or amendment to a prospectus) is registered issuers must:</p> <ul> <li>update their website to let the public know the prospectus (or an amendment) has been registered</li> <li>provide the Registrar of Financial Service Providers (via the Companies Office) with certain information for the register of securities offers, and notify the Registrar when there is any change to that information</li> </ul> <p><a title="Prospectus Registration" href="http://www.fma.govt.nz/help-me-comply/issuers/prospectus-registration/">Find out more about registering prospectuses</a>.</p> <p>Issuers also have ongoing procedural obligations under the Act. These include obligations to:</p> <ul> <li>maintain a register of all securities they have issued</li> <li>ensure the register is audited at least once a year by a qualified auditor</li> <li>keep accounting records that explain the transactions of the issuer</li> <li>ensure their financial statements are audited at least once a year by a qualified auditor</li> <li>provide certain information (such as annual reports or financial statements) to investors on request.</li> </ul> <h2>Obligations under the Securities Markets Act 1988</h2> <p>Public issuers (issuers who are party to a listing agreement with a registered exchange) and certain persons related to those issuers also have disclosure obligations under the Securities Markets Act.</p> <p>Public issuers are required to disclose to the market all material information not generally available to the market, in line with the continuous disclosure regime prescribed by the listing rules of the relevant registered exchange. <a href="http://www.nzx.com/">Find out more about the listing rules of NZX</a>, New Zealand's only registered exchange.</p> <p>Material information is information about the issuer or their securities that if available to the market could be expected to have a material effect on the price of the issuer's listed securities (essentially, price-sensitive information).</p> <p>Information is generally available to the market if:</p> <ul> <li>it has been made known in a manner likely to bring it to the attention of persons who commonly invest in the type of securities the information relates to, and there has been a reasonable period for that information to disseminate</li> <li>it is likely that persons who commonly invest in that type of securities can readily obtain the information</li> <li>it consists of deductions, conclusions, or inferences made from the kinds of information described above.</li> </ul> <p>The Act requires directors and officers of public issuers, and persons holding specified amounts of listed voting securities, to disclose certain information to the issuer and to the market. Public issuers are also required to keep registers of that disclosed information.</p> <p>The Financial Markets Authority carried out a review of all directors' and officers' relevant interest disclosures and substantial security holder disclosures, made on the NZX Limited Market Announcement Platform, over a five week period. We have now published a report on our findings to inform market participants of our review and highlight areas of concern. Click <a href="/keep-updated/reports-and-papers/fmas-review-of-market-disclosures">here</a> to view the report.</p> <h2>Financial Reporting Act 1993</h2> <p>Find out more about the <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/">new financial reporting requirements</a> under the Financial Markets Conduct Act.</p> <p>The Financial Reporting Act requires issuers to prepare and register audited financial statements each year.</p> <p>An issuer's financial statements must comply with generally accepted accounting practice, being financial reporting standards approved by the Accounting Standards Review Board.</p> <p>In some circumstances (where the issuer owns or controls other companies), the issuer will also need to prepare group or consolidated financial statements, which include financial information about the companies the issuer owns or controls.</p> <p>Find out more about issuers' financial reporting obligations on the <a href="http://www.companies.govt.nz">Companies Office website</a>. FMA has provided a short letter outlining their financial report review priorities for 2013. View the letter <a href="http://www.fma.govt.nz//assets/media/1105043/2013-financial-reports-focus.pdf" target="_blank">here.</a></p> <p>Find out more about the <a title="New Financial Reporting Requirements" href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/"><span style="text-decoration: underline;">new financial reporting requirements</span></a> under the Financial Markets Conduct Act, here.</p> <h2>Listing Rule obligations</h2> <p>If the issuer is listed on NZX, it needs to comply with NZX's listing rules, which include obligations relating to the activities, market disclosures and governance of the listed issuer.</p> <p><a href="http://www.nzx.com">Find out more about NZX and its listing rules</a>.</p> <h2>Corporate governance</h2> <p>The publications below may help issuers maintain high standards of corporate governance and related market disclosures.</p> <p><a href="/keep-updated/reports-and-papers/handbook-corporate-governance-in-new-zealand-principles-and-guidelines">Corporate Governance - Principles and Guidelines</a> (Feb 2004, reprinted Feb 2011).</p> <p><a href="/laws-we-enforce/enforcement/orders-reports-and-outcomes/review-of-corporate-governance-disclosures-by-selected-issuers-july-2010">Review of Corporate Governance Disclosures by Selected Issuers</a> (July 2010).</p> <p><a href="http://www.fma.govt.nz//assets/media/1029837/a-director-s-guide.pdf" target="_blank">A Director's Guide</a></p> /help-me-comply/kiwisaver/your-obligations/ Your Obligations 2014-09-29 18:06:39 Financial Markets Authority <p>The core obligations of KiwiSaver providers are set out in the KiwiSaver Act 2006 (the Act).</p> <p>In summary, these obligations include the need to:</p> <ul> <li>register the scheme under the Act and lodge a copy of the trust deed and other documents with the FMA, as set out in the Schedule 2 to the Act. See the <a href="http://www.fma.govt.nz//assets/media/1969275/checklist-new-kss-scheme.doc" target="_blank">checklist for registration of a new KiwiSaver scheme</a>. (Note, begin the registration process by obtaining a scheme provider agreement through the <a href="http://www.ird.govt.nz/kiwisaver/providers/becoming/how-become/">Inland Revenue website</a>). You will then prepare annual reports and summary accounts, lodge these with FMA and distribute them to members (section 123).</li> <li>prepare annual reports and summary accounts, lodge these with FMA and distribute them to members (section 123)</li> <li>prepare statistics-based annual returns and lodge these with FMA (section 125)</li> <li>provide members with annual personalised statements of contributions and balances (section 125A)</li> <li>lodge copies of amendments to the trust deed within 14 days of execution (section 129)</li> <li>when they wind up a scheme, follow the processes in the Act (sections 173-176).</li> </ul> <h2>Financial Markets Conduct Act 2013 provisions</h2> <p>You can read more about the FMC Act 2013 provisions and new obligations and responsibilities for KiwiSaver schemes, managers and supervisors <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">here</a>.</p> <h2>Quarterly and annual disclosure statements</h2> <p>The KiwiSaver (Periodic Disclosure) Regulations 2013 (Regulations) are designed to facilitate access to information and promote transparency and comparability of KiwiSaver schemes. They came into force on 1 July 2013.</p> <p>The Regulations require KiwiSaver scheme managers to produce Quarterly Disclosure Statements (QDS) and Annual Disclosure Statements (ADS) for each KiwiSaver fund (as defined in the Regulations) within a non-restricted KiwiSaver scheme. These statements must be made publicly available on the KiwiSaver scheme manager's website with a hyperlink to an electronic Comma Separated Values (CSV) data file.</p> <p>QDS, ADS and related data files must also be submitted to FMA, within 15 working days of the respective quarter end for a QDS, and 60 working days of the respective year end for an ADS.</p> <p>FMA has developed a process guide to help managers of non-restricted KiwiSaver schemes prepare and file their disclosure statements. </p> <p>The process guide:</p> <ul> <li>outlines file format and data requirements that you will need to consider when preparing a QDS or ADS and related data files</li> <li>details the options available to you for filing your disclosure statements and data files with FMA.</li> </ul> <p>See the <a href="http://www.fma.govt.nz//assets/media/1925640/kiwisaver-disclosure-regs-process-guide.pdf" target="_blank">process guide</a>.</p> <p>See also FMA's '<a href="http://www.fma.govt.nz//assets/media/1925643/kiwisaver-disclosure-regs-helpful-hints-and-qas.pdf" target="_blank">Helpful Hints</a>' document which clarifies aspects of the Regulations and provides some helpful hints to ensure your disclosure statements are compliant.</p> <h2>Transfers between KiwiSaver schemes</h2> <p><strong>No requirement for a signed application form</strong></p> <p>A person can transfer between KiwiSaver schemes without having to physically sign an application form to join the new scheme. The contract between the prospective member and the new scheme can be made electronically by meeting the requirements for a valid contract and those applicable to electronic contracts.</p> <p><strong>Transfers between KiwiSaver schemes</strong></p> <p><strong>Can the manager of an old scheme refuse to transfer a member's balance to the new scheme if an application form is not provided by the manager of the new scheme?</strong></p> <p>Section 56(2) of the <a href="http://www.legislation.govt.nz/act/public/2006/0040/latest/DLM378372.html?src=qs">KiwiSaver Act 2006</a> requires the manager of the new scheme give evidence to the manager of the old scheme that the member wants to transfer. Therefore, there are 2 important points managers should consider: </p> <ol> <li>The manager of the old scheme is entitled to require evidence that supports the transfer request. This is important to ensure the manager properly meet its duties under the <a href="http://www.legislation.govt.nz/act/public/2006/0040/latest/DLM378372.html?src=qs">KiwiSaver Act 2006</a>.</li> <li>While the evidence required is not specified, it must be sufficient to confirm the member wishes to transfer. Section 56(2) does not require evidence the member has joined the new scheme, but that the member wishes to transfer. This should not allow the manager of the old scheme to insist upon receiving a copy of an application form, or other evidence of the member contracting to join the new scheme.</li> </ol> <p style="padding-left: 30px;">The type of evidence required under section 56(2) must be sufficient for the manager to satisfy itself the member is a member of the old scheme and that they wish to transfer.</p> <p>The manager of the old scheme is entitled to ensure the member transferring is a member of the old scheme and the transfer is legitimate.  But the standard of evidence required should not be set so high that it results in unnecessary or prolonged delays for members. It's equally important managers of the new scheme ensure any application to join a new scheme is legitimate and initiated by the member.</p> <p>This doesn't relieve managers of their requirements to comply with obligations under the <a href="http://www.legislation.govt.nz/act/public/2009/0035/latest/DLM2140720.html?src=qs">Anti-Money Laundering and Countering Financing of Terrorism Act 2009.</a></p> <h2>Other information about obligations</h2> <p>All KiwiSaver schemes (other than certain employer and restricted-entry schemes) must have:</p> <ul> <li>a manager who is the issuer for the purposes of the Securities Act 1978</li> <li>a licensed external trustee whose main function is to supervise the manager.</li> </ul> <h2>Prospectus registration</h2> <p>Providers must also comply with obligations that apply to all issuers. This includes the need for most KiwiSaver schemes to have a registered prospectus. The only exceptions are certain existing employer schemes that are exempted under the Securities Act (Employer Superannuation Schemes) Exemption Notice 2004.</p> <p>See <a href="http://www.fma.govt.nz/help-me-comply/issuers/">How to comply - issuers</a> for more information.</p> <p>Find out how FMA interprets KiwiSaver obligations in our section on <a href="http://www.fma.govt.nz//help-me-comply/kiwisaver/guidance-notes/">guidance notes</a>.</p> /help-me-comply/superannuation/who-needs-to-comply/ Who Needs to Comply 2014-09-29 18:06:39 Financial Markets Authority <p>Anyone offering a superannuation scheme must comply with their obligations under the Superannuation Schemes Act 1989, which include the need to ensure that the scheme is registered under the Act.</p> <p>Superannuation scheme trustees must also comply with any obligations they have as <a href="http://www.fma.govt.nz//help-me-comply/superannuation/who-needs-to-comply/##">issuers</a>.</p> <h2>Financial Markets Conduct Act 2013 provisions</h2> <p>You can read more about the FMC Act 2013 provisions and new obligations and responsibilities for superannuation scheme trustees <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">here</a>.</p> <h2>Your obligations</h2> <p>The core obligations of superannuation scheme trustees are set out in the Superannuation Schemes Act 1989.</p> <p>In summary, these obligations include the need to:</p> <ul> <li>register the scheme under the Superannuation Schemes Act and lodge a copy of the trust deed and other documents with the Financial Markets Authority. (section 3 and Schedule One to the Act)</li> <li>prepare annual reports and audited accounts (sections 13 and 14)</li> <li>distribute annual reports, including full or summary accounts, to members (section 17)</li> <li>lodge copies of any amendments to the trust deed within 14 days of execution (section 12)</li> <li>ensure that if the scheme is not entirely accounts-based (i.e. contributions to the scheme are not allocated on a defined basis to individual members) an actuary examines its financial position at least 3 yearly and the actuary's report is lodged with FMA (section 15)</li> <li>when they wind up a scheme, follow the process prescribed in the Act (section 21)</li> </ul> <p>Documents together with your cheque should be posted to: FMA Compliance Services, PO Box 1179, Wellington 6140.</p> <p>Providers must also comply with obligations that apply to all issuers. See <a href="http://www.fma.govt.nz//help-me-comply/issuers/">How to Comply - issuers for more information</a>.</p> <h2>Prospectus registration</h2> <p>Superannuation schemes which are open to new members need a registered prospectus, unless:</p> <ul> <li>they are employer superannuation schemes invoking the prospectus exemption prescribed in the Securities Act (Employer Superannuation Schemes) Exemption Notice 2004 or</li> <li>they are church clergy or other restricted-offer schemes invoking the prospectus exemption prescribed in the Securities Act (Eligible Service Superannuation Schemes) Exemption Notice 2004.</li> </ul> <p><a title="Prospectus Registration" href="http://www.fma.govt.nz/help-me-comply/issuers/prospectus-registration/">See Prospectus Registration for more information</a>.</p> /help-me-comply/issuers/financial-reporting-updates-and-guidance-notes/guidance-note-effective-disclosure/ Effective Disclosure 2014-09-29 18:06:39 Financial Markets Authority <table> <tbody> <tr> <td> <p>These requirements relate to the Securities Act regime. From 1 December 2014, offers of financial products can be made under the new Financial Markets Conduct Act (FMC Act) regime. However it is important that market participants understand that different requirements will apply to offers under the new FMC Act regime. See <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/">here</a> for the latest news and information.</p> </td> </tr> </tbody> </table> <p>This guidance note was released in June 2012 following a formal consultation process.  </p> <ul> <li>See <a href="/laws-we-enforce/policy/closed-consultations/submissions-on-the-second-consultation-proposed-guidance-note-effective-disclosure">submissions on second consultation draft</a> (issued April 2012) and our response to submissions</li> <li>See <a href="/laws-we-enforce/policy/closed-consultations/submissions-on-the-proposed-guidance-note-kiwisaver-performance-fees">submissions on first consultation round</a> (issued January 2012) and our response to submissions</li> </ul> /keep-updated/the-future-of-financial-markets/ FMC Act Implementation 2014-09-29 18:06:39 Financial Markets Authority <p>1 April 2014 marked the start of a new era for New Zealand's financial markets with Phase 1 of the Financial Markets Conduct (FMC) Act coming into effect. Phase 2 begins on 1 December 2014 and will require significant change for many market participants.</p> <p>On these pages you can find all the key details of what's changing, including the latest news, useful links and when you will need to comply.</p> /laws-we-enforce/policy/closed-consultations/consultation-paper-derivatives-issuer-standard-condition-on-suitability Consultation Paper: Derivatives Issuer Standard Condition on Suitability 2014-09-29 17:41:16 Financial Markets Authority <p><br>FMA is now consulting on the <a href="http://www.fma.govt.nz//assets/consultation-paper-derivatives-issuer-standard-condition-on-suitability.pdf" target="_blank">Derivatives Issuer Standard Condition on Suitability</a>.</p> <p><strong>What is this consultation paper about?</strong></p> <p>In November 2013 the Financial Markets Authority consulted on the minimum standards and conditions for derivatives issuers wishing to be licensed under the Financial Markets Conduct Act 2013 (the Act).</p> <p>As part of that consultation we sought responses on a condition relating to the assessment of suitability of products for clients.  Two options were provided, one being disclosure based and the other an assessment by the issuer. </p> <p>Submitters noted this standard should focus on assessing suitability for retail investors. They noted the potential for overlap with other regulatory requirements and sought greater clarification on what the requirement would be.</p> <p>We have reviewed this feedback and developed a draft suitability condition based on an assessment by the issuer. Because processes may need to be put in place by some issuers, we propose this standard condition will come into effect on 1 December 2015.</p> <p>This paper outlines our proposed suitability standard condition. We invite you to review this and share your feedback with us.  Other derivatives issuer standard conditions are now final and have been published on our website.</p> <h3>Submissions on this standard condition close on Monday 29 September 2014.</h3> <p><strong>How do I make a submission?</strong></p> <p>Please use this <a href="http://www.fma.govt.nz//assets/derivatives-issuer-standard-condition-on-suitability-feedback-form.docx" target="_blank">feedback form</a>. This is also on the final page of the consultation paper – this gives the details of what you need to do. Forms must be submitted electronically in both PDF and Word formats and emailed to <a href="mailto:consultation@fma.govt.nz">consultation@fma.govt.nz</a> – please put ‘Feedback – Derivatives Issuer Standard Condition on Suitability’ in the subject line.</p> <p>Alternatively, you can make an online submission on our engagement site <a href="http://www.talktous.fma.govt.nz/">www.talktous.fma.govt.nz</a>. You need to register to be able to use the site.</p> <p><strong>Where can I get more information?</strong></p> <p>You’ll find more information about the new accountability framework for financial products on our website <a href="http://www.fma.govt.nz//help-me-comply/new-licences-for-financial-market-services/derivatives-issuer/">www.fma.govt.nz</a> or at the Ministry of Business Innovation and Employment site <a href="http://www.mbie.govt.nz/">www.mbie.govt.nz</a>.</p> <p>If you have questions about the consultation process, please get in touch.</p> <p><strong>Simon Smith<br></strong>Manager Compliance Monitoring Framework<br><a href="mailto:simon.smith@fma.govt.nz">simon.smith@fma.govt.nz</a><br>04 474 2440</p> <div id="file-attachments"> <h2>File Attachments</h2> <ul> <li><a href="http://www.fma.govt.nz//assets/consultation-paper-derivatives-issuer-standard-condition-on-suitability.pdf" target="_blank">Consultation Paper: Derivatives Issuer Standard Condition on Suitability (365 kB pdf)</a></li> <li><a href="http://www.fma.govt.nz//assets/derivatives-issuer-standard-condition-on-suitability-feedback-form.docx" target="_blank">Feedback: Derivatives Issuer Standard Condition on Suitability (16 kB docx)</a></li> </ul> </div> /keep-updated/warnings-alerts-and-scams/fmas-latest-warnings-and-alerts/2014/ 2014 2014-09-29 16:53:43 Financial Markets Authority /laws-we-enforce/legislation/notices/ Notices 2014-09-29 16:10:50 Financial Markets Authority <ul> <li><a href="http://www.fma.govt.nz//laws-we-enforce/legislation/notices/electronic-securities-transfer-systems/">Electronic Securities Transfer Systems</a><a title="Electronic Securities Transfer Systems" href="http://www.fma.govt.nz/laws-we-enforce/legislation/notices/electronic-securities-transfer-systems/"></a></li> <li><a href="http://www.fma.govt.nz//laws-we-enforce/legislation/notices/designated-settlement-systems/">Designated Settlement Systems</a></li> <li><a href="http://www.fma.govt.nz//assets/media/1025995/notice-of-market-registration-fonterra-shareholders-market-.pdf" target="_blank"> Notice of Market Registration (Fonterra Shareholders' Market)</a></li> <li><a href="http://www.fma.govt.nz//laws-we-enforce/legislation/notices/nzsxnzdx-listing-rules/"> Securities Markets Act (NZSX NZDX Listing Rules) Approval of Market Rules Notice 2012</a></li> <li><a href="http://www.fma.govt.nz//laws-we-enforce/legislation/notices/nz-markets-disciplinary-tribunal-rules/">Securities Markets Act (NZ Markets Disciplinary Tribunal Rules) Approval of Market Rules Notice 2013</a></li> <li><a href="http://www.fma.govt.nz//laws-we-enforce/legislation/notices/fsm-rules/">Securities Markets Act (FSM Rules) Approval of Market Rules Notice 2013</a></li> <li><a href="http://www.fma.govt.nz//laws-we-enforce/legislation/notices/main-boarddebt-market-listing-rules/">Securities Markets Act (Main Board/Debt Market Listing Rules) Approval of Market Rules Notice 2013</a></li> <li><a href="http://www.fma.govt.nz//laws-we-enforce/legislation/notices/nzx-participant-rules/">Securities Markets Act (NZX Participant Rules) Approval of Market Rules Notice 2013</a></li> <li><a href="http://www.fma.govt.nz//laws-we-enforce/legislation/notices/securities-markets-act-nxt-notice-of-market-registration-2014/">Securities Markets Act (NXT) Notice of Market Registration 2014</a></li> </ul> /laws-we-enforce/legislation/notices/securities-markets-act-nxt-notice-of-market-registration-2014/ Securities Markets Act (NXT) Notice of Market Registration 2014 2014-09-29 16:08:27 Financial Markets Authority <p><a href="http://www.fma.govt.nz//assets/Notices/Securities-Markets-Act-NXT-Notice-of-Market-Registration-2014.pdf" target="_blank">Securities Markets Act (NXT) Notice of Market Registration 2014</a></p> /help-me-comply/new-licences-for-financial-market-services/quick-links/ Quick Links 2014-09-29 15:29:30 Financial Markets Authority <p>Here you'll find links to each of the different licensing application guides and key forms. We'll update this page and add additional content or forms as and when required.</p> <h3><strong>Application guides:</strong></h3> <p><em><strong>Guides updated 20 June 2014</strong></em></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/part-a-how-do-i-apply-for-a-licence-an-overview.pdf" target="_blank">PART A: How do I apply for a licence - an overview</a></p> <p><a href="http://www.fma.govt.nz//assets/media/part-b1-how-do-i-apply-for-licence-to-provide-crowd-funding-services.pdf" target="_blank">PART B1: How do I apply for licence to provide crowd funding services?</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/part-b2-how-do-i-apply-for-a-licence-to-provide-peer-to-peer-services.pdf" target="_blank">PART B2: How do I apply for a licence to provide peer-to-peer services?</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/part-b3-how-do-i-apply-for-a-mis-manager-licence.pdf" target="_blank">PART B3: How do I apply for a MIS manager licence?</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/part-b4-how-do-i-apply-for-a-dims-provider-licence.pdf" target="_blank">PART B4: How do I apply for a DIMS provider licence?</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/part-b5-how-do-i-apply-for-a-licence-to-issue-derivatives-licence.pdf" target="_blank">PART B5: How do I apply for a licence to issue derivatives licence?</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/part-b6-how-do-i-apply-for-a-licence-to-be-an-independent-trustee.pdf" target="_blank">PART B6: How do I apply for a licence to be an independent trustee?</a></p> <h3>Standard conditions</h3> <p><a href="http://www.fma.govt.nz//assets/media/1105046/standard-conditions-for-crowd-funding-service-licences.pdf" target="_blank">Standard conditions for crowd-funding services</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/standard-conditions-for-peer-to-peer-lending-service-licences.pdf" target="_blank">Standard conditions for peer-to-peer lending services</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/standard-conditions-for-managed-investment-scheme-service-licences.pdf" target="_blank">Standard conditions for managed investment schemes</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/standard-conditions-for-dims-licences.pdf" target="_blank">Standard conditions for discretionary investment management service (DIMS) services</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/ind-trustee-standard-conditions.pdf" target="_blank">Standard conditions for independent trustee licences (for individuals)</a></p> <p><a href="http://www.fma.govt.nz//assets/Report-and-Papers/Licencing-Guides/Standard-Conditions-for-derivatives-issuer-licences.pdf" target="_blank">Standard conditions for derivatives issuers</a></p> <h3>Licensing declarations and certificates</h3> <p><strong>For applicants</strong></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd10-certificate-of-compliance-and-authority-to-apply-applicant-or-their-authorised-person-.docx" target="_blank">SD1.0  Certificate of compliance and authority to apply (applicant or their authorised person)</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd11-declaration-by-current-proposed-director-of-licence-applicant.docx" target="_blank">SD1.1  Declaration by current/proposed director of licence applicant</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd12-declaration-by-current-proposed-senior-manager-of-licence-applicant.docx" target="_blank">SD1.2  Declaration by current/proposed senior manager of licence applicant</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd13-curriculum-vitae-of-management-team-member-of-licence-applicant.docx" target="_blank">SD1.3  Curriculum vitae of management team member of licence applicant</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd14-declaration-by-independent-trustee-individual-a-combined-certificate-and-declaration.docx" target="_blank">SD1.4  Declaration  by Independent trustee (individual) -  a combined certificate and declaration</a></p> <p><strong>For related bodies of the applicant</strong></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd21-declaration-by-executive-director-of-related-body-to-licence-applicant.docx" target="_blank">SD2.1  Declaration by executive director of related body to licence applicant</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd22-declaration-by-senior-manager-of-related-body-to-licence-applicant.docx" target="_blank">SD2.2  Declaration by senior manager of related body to licence applicant</a></p> <p><strong>For relevant parties to the applicant</strong></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd31-declaration-by-director-of-relevant-party-to-licence-applicant.docx" target="_blank">SD3.1  Declaration by director of relevant party to licence applicant</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd32-declaration-by-senior-manager-of-relevant-party-to-licence-applicant.docx" target="_blank">SD3.2  Declaration by senior manager of relevant party to licence applicant</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/sd33-declaration-by-individual-relevant-party-to-licence-applicant-such-as-owner-.docx" target="_blank">SD3.3  Declaration by individual relevant party to licence applicant (such as owner)</a></p> /keep-updated/the-future-of-financial-markets/latest-news/ Latest News 2014-09-29 15:29:30 Financial Markets Authority <h2><b>MBIE releases unofficial full draft of FMC Act regulations</b></h2> <p><b>29 September 2014</b></p> <p>The Ministry of Business Innovation and Employment (MBIE) has released a <a href="http://www.med.govt.nz/business/business-law/current-business-law-work/financial-markets-conduct-act/pdf-and-document-library/unofficial-draft-of-the-fmc-regulations.pdf">full draft set of FMC regulations</a> for phase 2 implementation on 1 December 2014. These regulations will replace those made to allow phase 1 of the FMC Act to come into force on 1 April.</p> <p>The unofficial draft is intended to assist planning by industry, with the final regulations to be made ahead of phase 2 implementation of the FMC Act from 1 December 2014.</p> <p>See MBIE’s website for their <a href="http://www.med.govt.nz/business/business-law/current-business-law-work/financial-markets-conduct-act/regulations-progress-update">progress update on Financial Markets Conduct Regulations</a>. Here you can find an overview of the draft regulations, key changes and next steps for implementing and if necessary amending the final regulations.</p> <p>If you have any questions or comments about implementing the FMC Act, please '<a href="http://www.talktous.fma.govt.nz/talk-to-us">Talk to Us</a>' and we'll get back to you as soon as we can.</p> <h2>Companies Office step closer to new financial product register</h2> <p><strong>8 August 2014</strong></p> <p>As part of a wider programme to support the Financial Markets Conduct Act (FMCA) and the disclosure of information, the New Zealand Companies Office is developing an online register for use from 1 December 2014 as mandated.</p> <p>The online register will provide the market with information about investment products and will be set up for financial products (split into debt, equity, managed investment and derivative products) and managed investment schemes.</p> <p>See the <a href="http://www.business.govt.nz/companies/news-updates/news/companies-office-step-closer-to-new-financial-product-register">latest update</a> from the Companies Office for more details.</p> <h2>Cabinet signs off simplified debt capital raising rules</h2> <p><strong>6 August 2014</strong></p> <p>Commerce Minister Craig Foss today announced further steps to simplify and encourage participation in New Zealand's capital markets.</p> <p>"Cabinet this week signed off on a number of policy decisions to come into force under the Financial Market Conduct Act on December 1," Mr Foss says.</p> <p>"The decisions include new disclosure requirements to improve investor literacy, confidence and participation in financial markets.</p> <p>"Disclosure will be standardised, simplified and tailored for retail investors – enabling easier comparison of managed funds across providers.  This means material unlikely to be read and understood by investors will be removed and made available online."</p> <p>Mr Foss says Cabinet also decided to extend the same-class debt exemption to offers of debt securities with different terms.</p> <p>"I am confident these changes will further reduce compliance costs for debt issuers and expand the availability of debt investments on the retail market."</p> <p>To help existing market participants comply with the new law, operators of unregistered markets will have until 1 December 2015 to obtain a financial market product license.</p> <p>"The Financial Markets Conduct Act is a key pillar in the Government's Business Growth Agenda. It will introduce a new era of financial market regulation that ensures investors are better informed and offered better protections," Mr Foss says.</p> <p>For more information: <a href="http://www.med.govt.nz/business/business-law/current-business-law-work/financial-markets-conduct-act" target="_blank">www.med.govt.nz/business/business-law/current-business-law-work/financial-markets-conduct-act</a></p> <h2>FMA together with INFINZ, supported by NZFMA, present 'FMC Act into action'</h2> <p><strong>24 July 2014</strong></p> <p><img style="width: 177px; height: 47px;" title="FMA Logo" alt="FMA Logo" src="http://www.fma.govt.nz/assets/media/2002912/fma-master-logo-40mm-171x47.jpg"><img style="width: 79px; height: 85px;" title="NZFMA" alt="NZFMA" src="http://www.fma.govt.nz/assets/media/2002902/nzfma-89x97.jpg"> <img title="INFINZ" alt="INFINZ" src="http://www.fma.govt.nz/assets/media/2002907/infinz-153x28.jpg"></p> <p><strong>About the sessions:</strong></p> <ul> <li>The sessions in Auckland and Wellington will help attendees understand what the Financial Markets Conduct Act 2013 means for their business.</li> <li>Each session will break into two facilitated streams. Attendees can elect to join a session for Issuers of Debt and Equity or Issuer of derivatives.</li> <li>Representatives from FMA will be on hand to answer questions throughout each session.</li> </ul> <p><strong>Who should attend:</strong></p> <p>Directors, Senior Managers, line staff and compliance professionals in corporates and banks issuing securities or offering derivative products</p> <p>Legal Investment Bankers and other advisors assisting clients in issuing securities or offering derivative products</p> <p><strong>Venues and costs:</strong></p> <ul> <li><strong>Auckland: Tuesday 12 August 2014</strong> - Cliftons Auckland Training Facility, Level 4, 45 Queen Street, Auckland</li> <li><strong>Wellington: Thursday 21 August 2014</strong> - Cliftons, Level 28, The Majestic Centre, 100 Willis Street, Wellington</li> <li>Registration: contact Iona Gibbs on <a href="mailto:admin@infinz.com">admin@infinz.com</a></li> <li>2 CPD Hours</li> </ul> <p>Further details on these sessions can be found <a href="http://www.infinz.com/Site/Events_and_Awards/Current/FMC_Act_into_Action.aspx">here</a>.</p> <h2>Consultation Paper: The new accountability framework - Governance under Part 4 of the FMC Act</h2> <p><strong>9 June 2014</strong></p> <p>FMA is now consulting on the new governance and accountability framework under Part 4 of the FMC Act.</p> <p>See our '<a href="http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/">Current Consultations</a>' section for more details.</p> <h2>New FMC Act factsheets</h2> <p><strong>26 May 2014</strong></p> <p>Part 4 of the Financial Markets Conduct Act 2013 changes the governance and accountability framework for financial products. Our new factsheets outline what this means for:</p> <ul> <li><a href="http://www.fma.govt.nz//assets/media/new-governance-and-accountability-framework-for-mis-managers-and-their-licensed-supervisors.pdf" target="_blank">MIS managers and their licensed supervisors</a></li> <li><a href="http://www.fma.govt.nz//assets/media/new-governance-and-accountability-framework-for-debt-issuers-and-their-licensed-supervisors.pdf" target="_blank">Debt issuers and their licensed supervisors</a></li> <li><a href="http://www.fma.govt.nz//assets/media/100/new-governance-and-accountability-framework-for-restricted-schemes-and-their-trustees.pdf" target="_blank">Restricted schemes and their trustees.</a></li> </ul> <p>A further factsheet on <a href="http://www.fma.govt.nz//assets/media/1054639/preparing-for-the-fmc-act-transition-for-managed-investment-schemes.pdf" target="_blank">transition for Managed Investment Schemes</a> summarises the transition dates and process.</p> <p>Shortly we will be consulting on our proposals for the new governance and accountability framework.  In the meantime, you can find more general background information on the <a href="http://www.fma.govt.nz//help-me-comply/new-accountability-framework-for-financial-products/">new accountability framework for financial products</a> section of our website. </p> <p>If you have any questions or comments about the new governance and accountability framework, please '<a href="http://www.talktous.fma.govt.nz/talk-to-us">Talk to Us</a>' and we'll get back to you as soon as we can.</p> <h2>Feedback sought on disclosure statements</h2> <p><strong>20 May 2014</strong></p> <p>The Government is seeking feedback on plans to make financial information more simple, meaningful and accessible for investors.</p> <p>In a <a href="http://beehive.govt.nz/release/feedback-sought-disclosure-statements">media release</a> today, Minister Craig Foss has welcomed feedback on the content of financial product disclosure statements.</p> <p>FMA's own <a href="/keep-updated/newsroom/media-releases/2014/middle-income-earners-much-more-confident-in-new-zealands-financial-markets">survey of investors</a>, has found that investors want clear and simple materials, in plain English, to help them make more informed decisions.</p> <p>FMA will be issuing its own consultation document within the next few weeks. Targeted at industry, FMA's consultation will seek feedback on the frameworks and methodologies, exemptions and guidance that we can issue to support market participants operating under the new offers regime.</p> <h2>Complying with new financial reporting requirements</h2> <p><strong>29 April 2014</strong></p> <p>The Financial Markets Conduct Act 2013 introduces new financial reporting obligations for 'FMC reporting entities'. The new requirements will apply to different entities at different points in time.</p> <p>To help these reporting entities prepare for these changes – and understand when they will need to comply – we have added some extra background information to our <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/when-will-you-need-to-comply/">website</a>.</p> <p>You can also find details about <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/who-needs-to-comply/">who needs to comply</a> on our website, as well as some <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/frequently-asked-questions/">frequently asked questions</a>.</p> <p>If you have any questions or comments about the new financial reporting obligations, please <a href="http://mandrillapp.com/track/click.php?u=255209&amp;id=ece25ffd35e54ae3817c9dd39811f3e7&amp;url=http%3A%2F%2Fwww.talktous.fma.govt.nz%2Ftalk-to-us&amp;url_id=c97c6ab5093d11b9c82cf9fe75a7ee22b65ad15f">'Talk to Us'</a> and we'll get back to you as soon as we can.</p> <h2>Come and learn about our new online licensing portal</h2> <p><strong>22 April 2014</strong></p> <p>FMA is holding a series of tutorials to talk about our new online application portal for licences under Part 6 of the Financial Markets Conduct Act.</p> <p>Each tutorial will include an example of an application and questions that appear in the online application.</p> <p>The example will look the same as your actual application and will take you through each step of the online process. Questions will vary depending on the type of licence or licences you are applying for.</p> <p><strong>The tutorials will cover:</strong></p> <ul> <li>How the application is structured;</li> <li>Home page menu options – overview, how to progress between screens;</li> <li>Completing the licence application – a step-by-step walk through and discussion about what documents may be required;</li> <li>How to submit your application; and</li> <li>Next steps.</li> </ul> <p>Each session will cover the application process for a specific licence type and will usually be held on the second and fourth Tuesday of each month, from 2:00PM to 4:00PM.</p> <p><strong>Scheduled tutorials and licence type:</strong></p> <table> <tbody> <tr> <td> <h4>Managed Investment Scheme</h4> </td> <td> <h4>Discretionary Investment Management Service</h4> </td> </tr> <tr> <td><em>Auckland 6 May</em></td> <td><em>Auckland 10 June</em></td> </tr> <tr> <td> </td> <td><em>Wellington 24 June</em></td> </tr> <tr> <td> </td> <td><em>Christchurch 8 July</em></td> </tr> <tr> <td> <h4>Derivatives Issuers</h4> </td> <td> <h4> </h4> </td> </tr> <tr> <td><em>Auckland 20 May</em></td> <td> </td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="3"> <h4>Venues</h4> </td> </tr> <tr> <td> <p><strong>Auckland</strong></p> <p>Auckland Office:</p> <p>Level 5, Ernst &amp; Young Building2 Takutai Square, Britomart</p> </td> <td> <p><strong>Wellington</strong></p> <p>Wellington Office:</p> <p>Level 2, 1 Grey Street</p> </td> <td> <p><strong>Christchurch</strong></p> <p>The Chateau on The Park</p> <p>Cnr Deans Avenue and Kilmarnock Street, Riccarton</p> </td> </tr> </tbody> </table> <h4><strong>How to register?</strong></h4> <p>To register please email <a href="mailto:diane.petterd@fma.govt.nz">diane.petterd@fma.govt.nz</a> including the licence type and date.</p> <p>For more information, please contact John Botica 09 300 0448 or <a href="mailto:john.botica@fma.govt.nz">john.botica@fma.govt.nz</a></p> <h2>New era for New Zealand financial markets – FMC Act comes into effect</h2> <p><strong>1 April 2014</strong></p> <p>April 2014 marks the start of a new era for New Zealand's financial markets with Phase 1 of the Financial Markets Conduct Act 2013 (FMC Act) coming into effect. This is an ambitious and exciting period of change for market participants and for investors.</p> <h4>What is involved with Phase 1?</h4> <p>The FMC Act is being introduced in <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/timeline-for-change/">two phases</a>. One of the key parts of the Act now coming into effect in Phase 1 is being able to apply for licences under the new licensing regime, including for the exciting new services of peer-to-peer lending and crowd funding. You can find more details about the new licences and how to apply in our '<a href="http://www.fma.govt.nz//help-me-comply/new-licences-for-financial-market-services/quick-links/">Help Me Comply</a>' section.</p> <p>Another key change is FMA becoming the primary regulator of conduct in relation to financial products and financial services in place of the Commerce Commission. Responsibility for matters relating to credit contracts, including products and services related to loans and mortgages, remains with the Commission.</p> <p>To ensure a robust and efficient complaints process, as well as the protection of consumers' interests, FMA and the Commission have signed a <a href="http://www.fma.govt.nz//assets/media/1948891/mou-commerce-commission.pdf" target="_blank">Memorandum of Understanding (MOU)</a>. We have also published a <a href="http://www.fma.govt.nz//assets/fmas-new-role-as-regulator-of-conduct-april-2014.pdf" target="_blank">factsheet</a> to help consumers and market participants understand the changes.</p> <h4>What's next?</h4> <p>The rest of the Act (Phase 2) will come into force on 1 December 2014, which is when new disclosure requirements and licensing obligations will begin to take effect. The new online registers system will also be up and running, ensuring information on financial products and managed investment schemes is easily accessible and comparable.</p> <p>Over the next few months there will be more opportunities to join the conversation and to help shape the future, so keep an eye on this website and register online to get regular updates.</p> <p>If you have any questions or comments about implementing the FMC Act, please '<a href="http://www.talktous.fma.govt.nz/talk-to-us">Talk to Us</a>' and we'll get back to you as soon as we can.</p> <h2> </h2> <h2>Application guides for new FMC Act licences now available</h2> <p><strong>1 April 2014</strong></p> <p>You can now find the application guides for all six new licence types under the Financial Markets Conduct Act 2013 in our '<a href="http://www.fma.govt.nz//help-me-comply/new-licences-for-financial-market-services/quick-links/">Help Me Comply</a>' section.</p> <p>The guides consist of two parts:</p> <ul> <li><strong>PART A:</strong>  Gives general guidance about the licensing process. This includes how to log in to the application portal (and how to create a RealMe identity)</li> <li><strong>PART B:</strong>  Gives specific information on the type of licence you're applying for. It outlines the minimum standards for the licence, sets out questions you'll be asked, and gives guidance on what you might need to tell us and the types of documents you'll need to provide.</li> </ul> <p>Applicants need to read both parts when applying for a licence.</p> <p>These guides may be updated from time to time, so please check for the latest version before you apply.</p> <p>If you have any comments or feedback about the application guides for the new licences please share them with us. You can do this <a href="http://www.talktous.fma.govt.nz/talk-to-us?tool=survey_tool&amp;tool_id=new-licensing-applications-guides-tell-us-what-you-think#tool_tab">online</a> – just tell us which licence guide (and what part) you're commenting on. </p> <p>If you have any other questions or comments, please '<a href="http://www.talktous.fma.govt.nz/projects/talk-to-us?tool=survey_tool#tool_tab">Talk to us</a>' and we'll get back to you as soon as we can.</p> <h2> </h2> <h2>Come and learn about our new online licensing portal</h2> <p><strong>25 March 2014</strong></p> <p>FMA is holding a series of tutorials to talk about our new online application portal for licences under Part 6 of the Financial Markets Conduct Act.</p> <p>Our online system tailors the application to your business, and questions will vary depending on the type of licence or licences you apply for.</p> <p>Our first session will cover the licence application process for peer-to-peer lending and crowd funding.</p> <p>The tutorial will include an example of an application and questions that appear in the online application. The example will look the same as your actual application and include the series of screens you will see through each step of the application process.</p> <p><strong>The tutorial will cover:</strong></p> <ul> <li>How to create an account – calling us to get going and browser requirements</li> <li>How to log in <span>–</span> FSP Number</li> <li>Home page menu options <span>–</span> overview, how to progress between screens, how to save</li> <li>Applying for a licence <span>–</span> multiple licence types; authority to apply; separate or related body</li> <li>Application skeleton <span>–</span> how the application form is structured</li> <li>Completing the licence application <span>–</span> a step-by-step walk through and a discussion about what proofs may be required</li> <li>How to submit your application</li> <li>Next steps.</li> </ul> <p><strong>The tutorial will be held on:</strong></p> <p>Monday 7 April from 2pm to 4:30pmFMA Auckland OfficeLevel 5, Ernst &amp; Young Building2 Takutai Square, Britomart</p> <p>Please register by Friday 4 April 2014 to <a href="mailto:raksha.magan@fma.govt.nz">raksha.magan@fma.govt.nz</a></p> <p>For more information, please contact John Botica 09 300 0448 or <a href="mailto:john.botica@fma.govt.nz">john.botica@fma.govt.nz</a></p> <h2> </h2> <h2>Understand the regulation of DIMS</h2> <p><strong>20 March 2014</strong></p> <p>To help you understand and prepare for the change in the way DIMS will be regulated in the future we have published some <a href="http://www.fma.govt.nz//assets/media/1054639/understanding-the-regulation-of-dims-frequently-asked-questions.pdf" target="_blank">frequently asked questions</a>.</p> <p>You should read this if you plan to apply for a DIMS licence under the Financial Markets Conduct Act 2013 (FMC Act) or you are an Authorised Financial Adviser (AFA) who plans to provide personalised DIMS under the Financial Advisers Act 2008 (FA Act).</p> <p>For a quick guide to the changes, AFAs may prefer to read the factsheet '<a href="http://www.fma.govt.nz//assets/changes-ahead-for-afas-who-provide-dims-update-2.pdf" target="_blank">Changes ahead for AFAs who provide DIMS – Update #2</a>'.</p> <p>If you have any questions or comments about this then please '<a href="http://www.talktous.fma.govt.nz/projects/talk-to-us?tool=survey_tool#tool_tab">Talk to us</a>' and we'll get back to you as soon as we can.</p> <h2> </h2> <h2>Cabinet approves Phase 1 regulations for FMC Act</h2> <p><strong>27 February 2014</strong></p> <p>Commerce Minister Craig Foss today (Thursday, 27 February) announced Cabinet has approved regulations for Phase 1 of the Financial Markets Conduct Act 2013 as part of the Government's financial market overhaul. This includes the approval of the regulations for crowd funding and peer-to-peer lending.</p> <p>'This is an exciting development for both start-up businesses and investors. With the regulations coming into force on 1 April, New Zealand will lead the Asia-Pacific region in the development of crowd-funding regulation,' says Mr Foss.</p> <p>For more details read the Minister's <a href="http://www.beehive.govt.nz/release/crowd-funding-gets-green-light">full statement</a>.</p> <p><strong>Details of Phase 1 Regulations</strong></p> <p>Phase 1 Regulations introduce a number of changes that will support confident and informed participation by businesses, investors and consumers in New Zealand's financial markets, including:</p> <ul> <li>enabling market participants to start applying for new licences under the new licensing regime, bringing New Zealand in line with international standards for financial market regulation</li> <li>establishing the Financial Markets Authority as the primary regulator of fair dealing conduct in financial markets</li> <li>making changes to the Financial Advisers Act 2008 to strengthen protections and increase transparency for investor assets held by custodians</li> <li>introducing new exemption rules to increase opportunities for companies to raise capital from a wider range of investors without the need to produce full disclosure documents.</li> </ul> <p>For more details of Phase One see our '<a href="http://www.fma.govt.nz/keep-updated/the-future-of-financial-markets/timeline-for-change/">Timeline for Change</a>'.</p> <p><strong>Update on licensing application process</strong></p> <p>In early March we will publish the application guides for these new licence types. This will include the minimum standards and conditions that the applicant must meet to be granted the licence.If you have any questions or comments about this then please talk to us and we'll get back to you as soon as we can.</p> <h2>Planning to apply for a peer-to-peer lending or crowd funding licence? Then let us know.</h2> <p><strong>17 February 2014</strong></p> <p>Peer-to-Peer Lending and Crowd Funding are the first of the new market services licences to be operative under the Financial Markets Conduct Act 2013 (FMC Act).</p> <p>To help us prepare for 1 April we want to get an idea of how many people plan to apply for a licence for peer-to-peer lending or crowd funding.</p> <p>So, if you're planning to apply for either of these licences, please email <a href="mailto:raksha.magan@fma.govt.nz">raksha.magan@fma.govt.nz</a> and also indicate when you plan to do this. We will then contact you if we need any further information ahead of receiving your formal licence application.</p> <p>You can find more details about the FMC Act and the <a href="http://fma-fadc-uat.cwp.govt.nz/help-me-comply/new-licences-under-fmc-act/">new licences</a> in our 'Help Me Comply' section.</p> <h2 class="Default"> </h2> <h2 class="Default">New financial reporting webpages</h2> <p><strong>4 February 2014</strong></p> <p>We have just published a new section on our main website to help you understand and prepare for the new financial reporting requirements.</p> <p>You can find the new pages under the '<a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/">Help me Comply</a>' tab.</p> <p>If you have any questions or comments about this please talk to us and we'll get back to you as soon as we can.</p> <h2 class="Default"> </h2> <h2 class="Default">We are now consulting on new financial reporting requirements</h2> <p><strong>31 January 2014</strong></p> <p>We are now seeking feedback on how we intend to apply our new financial reporting powers under the FMC Act, and the immediate changes we propose to make to both designations and exemptions under these powers.</p> <p>You can find our proposals and details on how to make a submission on the '<a href="http://www.talktous.fma.govt.nz/talk-to-us?tool=survey_tool&amp;tool_id=consultation-financial-reporting-regulatory-policy-for-financial-reporting-designations-and-exemptions#tool_tab">Open Consultations</a>' section on this site.</p> <p><strong>Submissions close on 28 February 2014.</strong></p> <p>We invite you to review our proposals and share your feedback with us. This is our chance to work together to shape the future of our financial markets.</p> <p>If you have any questions or comments about this then please talk to us and we'll get back to you as soon as we can.</p> <h2 class="Default"> </h2> <h2 class="Default">Consultation on new licensing standards now closed</h2> <p><strong>9 January 2014</strong></p> <p>Our consultation on the draft minimum standards and conditions for new licences under the FMC Act 2013 closed on 12 December 2013.</p> <p>However, you can still view the draft documents on our website in the '<a href="/laws-we-enforce/policy/closed-consultations/consultation-papers-on-draft-minimum-standards-and-conditions-for-new-licenses">Closed Consultations</a>' section.</p> <p>If you have any questions or comments about this please talk to us and we'll get back to you as soon as we can.</p> <h2 class="Default">MBIE asks for feedback on governance</h2> <p><strong>17 December 2013</strong></p> <p>Commerce Minister Craig Foss has today (Tuesday 17 December) released for comment the second set of draft regulations to bring the Financial Markets Conduct (FMC) Act 2013 into effect.</p> <p>These draft regulations relate to Phase 2 of the implementation and cover the governance of financial products, dealing in financial products on licenced markets such as NZX, and the conduct obligations for Discretionary Investment Management Services.</p> <p>Submissions are due by 14 March 2014. To view the draft regulations and make a submission, visit MBIE's <a href="http://www.med.govt.nz/business/business-law/current-business-law-work/financial-markets-conduct-act/consultation-regulations-stage-2">website</a>.</p> <h2 class="Default"> </h2> <h2 class="Default">Q&amp;A sessions on proposed DIMS and MIS licence requirements</h2> <p><strong>3 December 2013</strong></p> <div class="WordSection1"> <p class="Default">FMA is hosting two informal Q&amp;A sessions on the proposed licensing requirements for Managed Investment Schemes (MIS) managers and Discretionary Investment Management Services (DIMS). These sessions will provide you with an opportunity to ask questions about our proposals that are now <a href="http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/consultation-papers-on-draft-minimum-standards-and-conditions-for-new-licenses/">open for consultation</a>.</p> <p class="Default">The Financial Markets Conduct Act 2013 (FMC Act) introduces licensing for providers offering certain types of financial services. In future, you will need a licence if you want to act as a manager of a non-restricted and registered MIS or a DIMS provider – and will need to meet and maintain minimum standards across key areas of your business.</p> <p class="Default"><strong>Auckland session (FULL):</strong></p> <p class="Default">Date: Monday 9 December 2013</p> <p class="Default">Time: 9.00am to 11.00amVenue: FMA</p> <p class="Default"><strong>Location:</strong></p> <p class="Default">Level 5, Ernst &amp; Young Building</p> <p class="Default">2 Takutai Square, Britomart </p> </div> <div class="WordSection3"> <p><strong>Wellington session (FULL):</strong></p> <p>Date: Thursday 12 December 2013</p> <p>Time: 10.00am to 11.30am</p> <p>Venue: FMA</p> <p><strong>Location:</strong></p> <p>Level 2, 1 Grey Street </p> <p>Wellington </p> </div> <p><strong>Keen to attend?</strong></p> <p>If you would like to attend one of these sessions please RSVP as soon as possible to <a href="mailto:raksha.magan@fma.govt.nz">raksha.magan@fma.govt.nz</a> – please state the session you would like to attend (Wellington or Auckland).</p> <p><strong>Where can I get more information?</strong></p> <p>You'll find more information about the changes in our 'Future of Financial Markets' section.</p> <p>If you have any other questions or comments please get in touch through our engagement site <a href="http://www.talktous.fma.govt.nz">talktous</a> </p> <h2> </h2> <h2>Changes ahead for AFAs who provide DIMS</h2> <p><strong>20 November 2013</strong></p> <p>The Financial Markets Conduct Act 2013 (FMC Act) changes both the way Discretionary Investment Management Services (DIMS) are provided and requirements for AFAs. Check out this <a href="http://www.fma.govt.nz//assets/changes-ahead-for-afas-who-provide-dims.pdf" target="_blank">factsheet</a> for more details.</p> <h2> </h2> <h2><span class="btn-group-seperators">Changes ahead for financial reporting</span></h2> <p><strong><span class="btn-group-seperators">18 November 2013</span></strong></p> <p>The Financial Reporting Bill currently before Parliament is going to change the reporting requirements for all 'Financial Markets Conduct (FMC) Reporting Entities'. Check out this <a href="http://www.fma.govt.nz//assets/Changes-ahead-for-Financial-Reporting-FMA-Factsheet-Nov-2013.pdf" target="_blank">factsheet</a> for more details.</p> <h2> </h2> <h2><span class="btn-group-seperators">We are now consulting on standards and conditions for new licences</span></h2> <p><strong><span class="btn-group-seperators">18 November 2013</span></strong></p> <p><span class="btn-group-seperators">On Wednesday 13 November we released our first consultation papers for the FMC Act. We released six documents that outline our proposals for the draft minimum standards and conditions for the new licences under the Act. All of the details are available <a href="http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/consultation-papers-on-draft-minimum-standards-and-conditions-for-new-licenses/">here</a>.</span></p> <p><span class="btn-group-seperators">We have also published the documents on our engagement site <a href="http://www.talktous.fma.govt.nz/projects/talk-to-us?tool=survey_tool#tool_tab">talktous</a> giving you the option to submit your comments online.</span></p> <h2><span class="btn-group-seperators">MBIE releases first set of draft regulations</span></h2> <p><strong>31 October 2013</strong></p> <p>Commerce Minister Craig Foss today (Thursday 31 October) released for consultation the first set of draft regulations to bring the Financial Markets Conduct Act 2013 (FMC Act) into effect. To view the documents and commentary visit MBIE's <a href="http://www.med.govt.nz/business/business-law/current-business-law-work/financial-markets-conduct-act/consultation-regulations">website</a>.</p> <p>Submissions on the consultation documents are due by 5 December 2013.</p> <p>The FMC Act will be implemented in two phases with the first phase coming into effect on 1 April 2014 and the second phase on 1 December 2014. For more information on the timeline for the two phases for the Act's implementation, visit our '<a href="http://www.fma.govt.nz/keep-updated/the-future-of-financial-markets/timeline-for-change/">Timeline for Change</a>' section.</p> <p>If you have any questions or comments about this please '<a href="http://www.talktous.fma.govt.nz/projects/talk-to-us?tool=survey_tool#tool_tab">Talk to us</a>' and we'll get back to you as soon as we can.</p> <h2> </h2> <h2><span class="btn-group-seperators">Update on consultation timetable</span></h2> <p><strong>15 October 2013</strong>To help market participants provide feedback on the draft regulations, the consultation process will be in three stages. This will give market participants time to consider and provide feedback on individual parts of the draft regulations. You can find more details in our <a href="http://www.fma.govt.nz/keep-updated/the-future-of-financial-markets/timeline-for-change/">Timeline for Change</a>' section.</p> <p>If you have any questions or comments about this please '<a href="http://www.talktous.fma.govt.nz/projects/talk-to-us?tool=survey_tool#tool_tab">Talk to us</a>' and we'll get back to you as soon as we can.</p> /help-me-comply/new-licences-for-financial-market-services/derivatives-issuer/your-obligations/ Your obligations 2014-09-29 15:28:09 Financial Markets Authority <h3>Minimum standards</h3> <p>To become a licensed derivatives issuer you'll have to meet and maintain certain minimum standards. The key standards in the Act (<a href="http://www.legislation.govt.nz/act/public/2013/0069/latest/whole.html#DLM4091574">section 396</a>) include:</p> <ul> <li>Your directors and senior managers (current or proposed) must be fit and proper for their positions</li> <li>Your business must be capable of performing the service effectively and in keeping with your licence conditions</li> <li>We must have no reason to think you're likely to contravene your licensee obligations.</li> </ul> <p>There will also be other important requirements. You can find out more about the minimum licensing standards and conditions in our <a href="http://www.fma.govt.nz//assets/media/1105046/part-b5-how-do-i-apply-for-a-licence-to-issue-derivatives-licence.pdf" target="_blank">licensing guide</a>.</p> <h3>Other obligations</h3> <p>As a licensed derivatives issuer you will have on-going obligations. For example you must:</p> <ul> <li>Prepare, keep updated, and provide your clients with product disclosure statements (PDS) and other disclosure materials for regulated offers of derivatives</li> <li>Comply with regulations about handling client funds</li> <li>Monitor your compliance, identify material changes of circumstance, and meet reporting obligations.</li> </ul> <p>There will also be a number of other important on-going obligations.</p> <h3><span>Standard conditions</span></h3> <p>If we grant you a licence it will contain conditions that support your market services licensee obligations. These will include conditions imposed by the FMC Act and regulations, as well as conditions imposed by FMA. Find out more about the <a href="http://www.fma.govt.nz//assets/Report-and-Papers/Licencing-Guides/Standard-Conditions-for-derivatives-issuer-licences.pdf" target="_blank">conditions for derivative issuers</a>.</p> <p>In your application you’ll need to demonstrate that you can meet these conditions – or ask us for a limit or variation in your licence.</p> /help-me-comply/new-licences-for-financial-market-services/derivatives-issuer/applying-for-a-licence/ Applying for a licence 2014-09-29 15:26:10 Financial Markets Authority <p>Here you can find out more details on how to apply for a licence.</p> <p>We have provided a two-part licensing application guide to help you fill out your application. You need to read both PART A and PART B.</p> <p><strong style="color: rgb(0, 121, 135); line-height: 30px; font-family: inherit; font-size: 18px;">To begin the application process please call us on 0800 434 567</strong></p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/part-a-how-do-i-apply-for-a-licence-an-overview.pdf" target="_blank"><strong>PART A:</strong></a> <strong>Gives general guidance about the licensing process.</strong> This includes how to log in to the application portal (and how to create a RealMe identity, if you don't already have one - you'll need one before you can apply, and to save and re-access your work).</p> <p><a href="http://www.fma.govt.nz//assets/media/1105046/part-b5-how-do-i-apply-for-a-licence-to-issue-derivatives-licence.pdf" target="_blank"><strong>PART B:</strong></a> <strong>Gives specific information for the type of licence you're applying for.</strong> It outlines the minimum standards for the licence, sets out questions you'll be asked, and gives guidance on what you might need to tell us and the types of documents you'll need to provide. Your application can only be made online and you'll need to upload your supporting documents.</p> <p>Please note these guides may be updated from time to time, so please check back here for the latest version before you apply.</p> <h3>Standard conditions</h3> <p>If we grant you a licence it will contain conditions that support your market services licensee obligations. These will include conditions imposed by the FMC Act and regulations, as well as conditions imposed by FMA. Find out more about the <a href="http://www.fma.govt.nz//assets/Report-and-Papers/Licencing-Guides/Standard-Conditions-for-derivatives-issuer-licences.pdf" target="_blank">conditions for derivative issuers</a>.</p> <p>In your application you’ll need to demonstrate that you can meet these conditions – or ask us for a limit or variation in your licence.</p> <p><span>Please note these guides may be updated from time to time, so please check back here for the latest version before you apply.</span></p> /help-me-comply/new-financial-reporting-requirements/frequently-asked-questions/ Frequently Asked Questions 2014-09-29 11:13:24 Financial Markets Authority <h2>General</h2> <h3>Do I have to comply?</h3> <p class="Body">Except in the early part of the transitional period, all FMC reporting entities must comply with the reporting requirements in Part <a href="http://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4702238.html">7 of the FMC Act</a>. It is your responsibility to determine whether you are an FMC reporting entity.</p> <h3 class="Body">How do I determine if I am an FMC reporting entity?</h3> <p class="Body">The concept of 'FMC reporting entity' is broader than 'issuer' under the Financial Reporting Act 1993, but doesn't include all financial market participants. 'FMC reporting entity' is defined in <a href="http://legislation.govt.nz/act/public/2013/0069/latest/DLM4702241.html">section 451 of the FMC Act</a>.  You can find an overview of who is an FMC reporting entity on our '<a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/who-needs-to-comply/">Who needs to comply?</a>' page.</p> <h3 class="Body">What has changed from the requirements in the Financial Reporting Act 1993?</h3> <p class="Body">Please see our '<a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/whats-changing/">What's changing</a>' page.</p> <h3 class="Body">When will I have to comply with the new requirements?</h3> <p class="Body">Entities will become FMC reporting entities, and have to transition to the new requirements, at different times.  Most FMC reporting entities will not prepare financial statements under the FMC Act for any full accounting period ending in 2014. The main transitional provisions are in <a href="http://legislation.govt.nz/act/public/2013/0101/latest/DLM4632829.html?search=ts_act%40bill%40regulation%40deemedreg_financial+reporting+act_resel_25_a&amp;p=1">sections 55 to 57 of the Financial Reporting Act 2013</a> and <a href="http://legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html?src=qs">Part 2 of Schedule 4 of the FMC Act</a>.  For more guidance see '<a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/when-will-you-need-to-comply/">When will you need to comply?</a>'.</p> <h3>How do the financial reporting requirements for FMC reporting entities relate to the reporting requirements in other Acts?</h3> <p class="Body">If you are required to produce financial statements under the FMC Act, then these requirements will take precedence over any other New Zealand law. For example the Companies Act specifically notes that the financial reporting requirements in the Companies Act do not apply where the company needs to comply with the FMC Act's requirements.</p> <h3>What is 'higher public accountability' and how does it affect me?</h3> <p class="Body">All FMC reporting entities have a designated level of public accountability. This influences which tier of the External Reporting Board Accounting Standards Framework you are in and, in turn, whether you will have to use full accounting standards (e.g. NZ IFRS) or reduced accounting standards (e.g. NZ RDR) when preparing your financial statements.</p> <p class="Body">The <a href="http://legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html?src=qs">FMC Act</a> identifies classes of entities it deems to have higher public accountability - all other classes of entities have lower public accountability. These are default designations - under the FMC Act we can vary designations for either individual FMC reporting entities, or classes of FMC reporting entities.</p> <p class="Body">We have recently consulted on our proposed changes to the initial designations and on our policies for varying designations. Our proposals are set out in the <a href="/laws-we-enforce/policy/closed-consultations/consultation-financial-reporting-regulatory-policy-for-financial-reporting-designations-and-exemptions">consultation paper</a>.</p> <h3>Can I prepare my financial statements using the disclosure concessions of the reduced disclosure regime (RDR)?</h3> <p class="Body">Most FMC reporting entities with lower public accountability can report using a reduced disclosure regime (e.g. NZ IFRS RDR or PBE Standards with disclosure concession). Entities with higher public accountability must comply with full NZ IFRS or PBE accounting standards.</p> <h3>Can I apply the differential reporting framework?</h3> <p class="Body">No. The differential reporting framework cannot be used for any accounting period beginning on or after 1 April 2014. Differential reporting has been replaced by the reduced disclosure regimes of the External Reporting Board - only FMC reporting entities with lower public accountability can apply the disclosure concessions allowed by the reduced disclosure regime.</p> <h3>Can I use financial statements prepared in accordance with overseas financial reporting standards?</h3> <p class="Body">You can only use overseas financial reporting standards for ongoing reporting if we have granted you an exemption to do so. We have recently consulted on our exemptions policy. Please refer to the <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/exemptions/">consultation paper</a>.</p> <h3>What financial information will be required in offer documents for financial products?</h3> <p class="Body">FMA is currently working with the Ministry of Business, Innovation and Employment (MBIE) to develop the regulations that will prescribe the content of documents entities will need to lodge when making regulated offers. This will include financial information. We expect MBIE to release additional consultation papers in May 2014.</p> <h3>During the transitional period, can I use FMC financial statements for capital raising under the Securities Act?</h3> <p>Yes - but only if you are permitted to use the Securities Act for offers. FMA will issue guidance on offers during the transitional period prior to the period beginning on 1 December 2014.</p> <h2>Transition</h2> <h3>How do I opt-in to reporting under the FMC Act?</h3> <p>You can opt-in to reporting under the Financial Markets Conduct Act 2013 early by choosing an 'effective date' and giving FMA and the Companies Office Registrar at least 20 working days' notice that you are opting-in. The earliest you can opt-in is 1 December 2014.</p> <h3>Am I still a FMC reporting entity if I haven't issued anything to the public?</h3> <p>The concept of a FMC reporting entity is wider than the previous definition of an 'issuer' under the Financial Reporting Act. There are a number of entities who are FMC reporting entities irrespective of whether or not they have issued financial products - for example banks, insurers, licensed fund managers and licensed supervisors.</p> <h3>Do I become a FMC reporting entity if I relied on a Securities Act exemption?</h3> <p>If you relied on an Securities Act exemption issued by FMA (or our predecessor the Securities Commission), you'll become a FMC reporting entity on 1 December 2016 - or earlier if any of the '<a href="http://www.fma.govt.nz//assets/media/1105046/trigger-events-when-do-you-become-an-fmc-reporting-entity.pdf" target="_blank">trigger events</a>' apply. You might also want to read our proposed financial reporting <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/exemptions/">exemptions</a> for FMC reporting entities.</p> <h3>Do I still have to prepare parent entity financial statements after 1 April 2014?</h3> <p>Yes. The Financial Reporting Act 2013, states that the Financial Reporting Act 1993 still applies to most issuers as if it had not been repealed, until the time you have to prepare your financial statements under the FMC Act. This includes having to produce financial statements for the parent entity.</p> <h3>How do the transitional provisions apply to derivatives issuers?</h3> <p><strong>New issuers</strong></p> <p>Derivative issuers must have a licence under the Financial Markets Conduct Act to issue offers.</p> <ul> <li><strong>If you're licensed before 31 March 2015:</strong> you'll only have an FMC balance date before 31 March 2015 if you're licensed <em>and</em> issue financial products before then.</li> <li><strong>If you're licensed on or after 31 March 2015:</strong> you must produce your financial statements under the FMC Act, regardless of whether or not you have issued financial products.</li> </ul> <p><strong>Futures dealers</strong></p> <p>Futures dealers authorised or approved under the Securities Markets Act 1988 will automatically get a transitional licence on 1 December 2014 if their business prior to 1 December would require a derivatives licence under the FMC Act (for example, you are issuing forward foreign exchange contracts, interest rate swaps and contracts for difference). Assuming you issue derivatives before your next balance date, your financial statements for your first balance date after 1 December will need to be under the FMC Act.</p> <h2 class="Body">Financial Reporting Exemptions</h2> <h3>What if I cannot comply with the financial reporting requirements?</h3> <p class="Body">If appropriate, FMA can exempt you from your financial reporting obligations. Please refer to our <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/exemptions/">exemptions page</a> for further guidance.</p> <h3 class="Body">Do I qualify for an exemption?</h3> <p class="Body">Please refer to the <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/exemptions/">exemptions page</a> for more information on qualifying for an exemption.</p> <h3 class="Body">How do I apply for an exemption?</h3> <p class="Body">Please refer to the <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/exemptions/">exemptions page</a> for more information on how to apply for an <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/exemptions/">exemption</a>.</p> <h2 class="Body">Auditors and auditing</h2> <h3 class="Body">Who can audit my financial statements?</h3> <p class="Body">In general only licensed auditors or registered audit firms can audit financial statements of FMC reporting entities. However, the Auditor General can audit FMC reporting entities that are public entities. [<a href="http://legislation.govt.nz/act/public/2013/0069/latest/DLM6027074.html">Section 461E of the Act</a>]</p> <p class="Body">Where appropriate, FMA can grant an exemption to enable entities to use another auditor. Please refer to our policies for granting <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/exemptions/">exemptions</a>.</p> <h3>Where can I find a list of licensed auditors or registered audit firms?</h3> <p class="Body">The <a href="http://www.business.govt.nz/companies/auditors-register">register of licensed auditors</a> is maintained by the Ministry of Business, Innovation and Employment.</p> <h3>What happens if I have a qualified audit report?</h3> <p class="Body">Not all qualified audit reports indicate that you have breached your financial reporting obligations. However, if your auditor's report indicates that you have breached your obligations, your auditor must notify us, and we will take appropriate action.</p> <h3>Can I use an auditor from another jurisdiction?</h3> <p>You can use an overseas auditor if:</p> <p>-    The auditor is licensed by FMA, or<br>-    We have permitted you to do so by an exemption. </p> <p>We have recently consulted on our exemptions policy. Please refer to the <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/exemptions/">consultation paper</a>.</p> <h2 class="Body">Lodging your financial statements</h2> <h3>When do I have to lodge my financial statements?</h3> <p>You have four months after your balance date to lodge your financial statements with the Companies Office.</p> <h3>How do I lodge my financial statements?</h3> <p>Please lodge your financial statements using the Companies Office <a href="http://www.business.govt.nz/companies/app/ui/pages/companies/fileAnnualReturn">online services</a>.</p> <h3>Do I have to lodge my financial statements with FMA?</h3> <p>Generally, no. However, you do need to send financial statements to FMA that are prepared as part of a <a href="http://www.legislation.govt.nz/act/public/2013/0069/latest/whole.html#DLM4091233">wind up report</a> for a managed investment scheme. </p> <h3>What happens if I am late lodging?</h3> <p class="Body">We take failure to lodge financial statements on time seriously and may fine or prosecute entities for failing to comply. The infringement fee for late filing is $7500.</p> <p class="Body">If you anticipate that you will be late filing, you should <a href="http://www.fma.govt.nz//about-us/contact-us/ask-a-question/ask-a-question/">contact us</a>, outlining why, how you have communicated your financial performance to your investors, when you do intend to file and how you will avoid late filing in the future. In any situation, we reserve our right to take action we consider appropriate.</p> <p class="Body">The Companies Office will continue to send you reminders as long as your financial statements remain outstanding.</p> <h2 class="Body">Enforcement</h2> <h3 class="Body">What enforcement powers does FMA have in respect of financial reporting?</h3> <p class="Body">Under the Act, FMA has a wide range of tools to promote compliance with financial reporting requirements. These are included in Part 7 and 8 of the Act. This includes the ability for FMA to:</p> <ul> <li>issue <strong>infringement notices</strong> for failure to:</li> </ul> <p style="padding-left: 30px;">- keep accounting records in English (infringement fee: $7,500);</p> <p style="padding-left: 30px;">- permit the entity's directors, Supervisors, FMA, or any other person permitted by an enactment  to inspect of accounting records (infringement fee: $12,500);</p> <p style="padding-left: 30px;">- lodge financial statements within 4 months of the balance date (infringement fee: $7,500)</p> <p style="padding-left: 30px;">FMA can also take summary proceedings in respect of the above infringement offences (entity liable on conviction to a fine not exceeding $50,000).</p> <ul> <li>make a <strong>direction order</strong> that requires reporting entities to comply with requirements to keep and retain accounting records and prepare, have audited and lodge financial statements.  Failure to comply with a direction order could result in civil or criminal proceedings.</li> <li>apply to the High Court for <strong>civil remedies</strong> for contraventions of requirements to keep and retain accounting records and prepare, have audited and lodge financial statements as well as for failing to complying with a FMA direction order.</li> <li>take <strong>criminal</strong> proceedings against entities and their directors if they knowingly fail to comply with financial reporting standards.</li> </ul> <h2>Winding Up</h2> <h3>Do I have to prepare financial statements if I wind up my business or stop being an issuer or otherwise cease to be an FMA reporting entity during the year?</h3> <p class="Body">If you cease to be a FMC reporting entity during an accounting period, for example by repaying outstanding financial products or your license expires, you will still need to prepare and lodge financial statements for the period up until your next balance date. For example, if you are an issuer with a 31 March balance date and you repay all outstanding debt products on 1 January 2015, you will still need to comply for the period ending 31 March 2015.</p> /help-me-comply/new-financial-reporting-requirements/when-will-you-need-to-comply/ When will you need to comply? 2014-09-29 11:13:24 Financial Markets Authority <p>The new financial reporting requirements in Part 7 of the Financial Markets Conduct Act 2013 (FMC Act) came into effect on 1 April 2014. These will affect all <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/who-needs-to-comply/">FMC reporting entities</a>. However, the new requirements will apply to different entities at different points in time. This depends on:</p> <ul> <li>When an entity becomes a FMC reporting entity (a trigger event); and</li> <li>How the entity becomes a FMC reporting entity.</li> </ul> <p>The date you must prepare your first full year financial statements under the FMC Act is your first 'FMC balance date'. It's important to identify this date early so you can plan ahead to meet the shorter filing timeframes (now four months from the end of your financial year).  We'll publish an online tool shortly to help you work out your FMC balance date - you may also want to see our <a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/frequently-asked-questions/">FAQs</a>.</p> <p>You may also wish to talk to your legal and accounting advisers, or refer to the key transitional provisions in the legislation - particularly if your entity's situation is complex. The key provisions are set out in the Financial Markets Conduct Act, <a href="http://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4702346.html?search=qs_act%40bill%40regulation%40deemedreg_transitional+provisions_resel_25_h&amp;p=1">Schedule 4 Transition Provisions</a>, Clause 17-19, and the <a href="http://www.legislation.govt.nz/act/public/2013/0101/latest/whole.html">Financial Reporting Act 2013</a> sections 55-57.</p> <h2>When is your first FMC balance date?</h2> <p><img class="leftAlone" title="FMC Balance date" src="http://www.fma.govt.nz/assets/media/1969027/fmc-balance-date.png" alt="FMC Balance date"></p> <p>We have developed a <a href="http://www.fma.govt.nz//assets/media/1105046/financial-reporting-for-fmc-entities-transition-timeline.pdf" target="_blank">transition timetable</a> to help you understand when you will need to comply. The key points include:</p> <ol> <li>Your existing reporting requirements continue until the date you have to start reporting under the FMC Act.</li> <li>Your first FMC balance date can't be before 1 December 2014 - and generally the new FMC requirements can only apply to periods beginning on or after 1 April 2014, that is if you're part way through an accounting period on 1 April, you'll usually complete that period under your existing reporting requirements. However if your balance date falls in the period from 1 December 2014 to 30 March 2015, it will become an FMC balance date if (before that balance date) you:</li> </ol> <ul> <li>Issue financial products under Part 3 of the FMC Act </li> <li>Opt-in early for securities you offered under the Securities Act</li> <li>Become the recipient of funds from conduit issuers (with regard to the two situations above).</li> <li>For all balance dates on or after 31 March 2015 where you are a FMC reporting entity you will need to prepare financial statements under the FMC Act. Therefore 31 March 2015 will be the first FMC balance date for many entities that had a trigger event prior to that date. For more detail on trigger events see our <a href="http://www.fma.govt.nz//assets/media/1105046/trigger-events-when-do-you-become-an-fmc-reporting-entity.pdf" target="_blank">trigger events table below</a>. Please note that several trigger events can apply to you and following our table could give you several different first FMC balance dates. If this applies to you, you will need to comply for the earliest FMC balance date.</li> <li>Some unlisted issuers won't become a FMC reporting entity until 1 December 2016. As such they will only have their first FMC balance date after 1 December 2016.</li> <li>If your entity doesn't transition to the FMC Act at all - i.e. you don't meet the definition of a FMC reporting entity - (most existing issuers will) - you'll continue to report under the Financial Reporting Act 1993 (FRA93) until 1 April 2019, unless an earlier date is set by Regulation. After that date other requirements will apply to you.</li> </ul> <p><strong>Key documents:</strong></p> <ul> <li><a href="http://www.fma.govt.nz//assets/media/1105046/financial-reporting-for-fmc-entities-transition-timeline.pdf" target="_blank">Financial reporting for FMC entities: transition timeline</a></li> <li><a href="http://www.fma.govt.nz//assets/media/1105046/trigger-events-when-do-you-become-an-fmc-reporting-entity.pdf" target="_blank">Trigger Events: When do you become an FMC reporting entity?</a></li> </ul> <h3>Some extra points to note if?</h3> <p><strong>You are a licensed MIS manager</strong></p> <p>Licensed MIS managers must prepare financial statements under the FMC Act for:</p> <ul> <li>Yourself as a licensed entity, and</li> <li>Schemes you've registered under the FMC Act, and</li> <li>Schemes you were required to report for under the FRA93.</li> </ul> <p>It is important to note that once you're a FMC reporting entity you must report under the FMC Act for all your schemes. This includes schemes registered under the FMC Act and those you were required to report under the FRA93. It means you and your schemes will all have the same FMC financial reporting requirements, including having to lodge financial statements within the new four month deadline.</p> <p>This applies regardless of how you became a FMC reporting entity. For example the trigger event could be because you're a licensed manager, a registered bank or a listed issuer.</p> <p><strong>You make an FMC offer during the transitional period</strong></p> <p>During the transitional period some parts of the FMC Act may apply to you before others. This means that while the financial reporting provisions of Part 7 of the FMC Act may apply to you, other requirements may not apply at the same time (for example governance or offer requirements). We'll provide more information later this year about making offers during the transitional period.</p> <p><strong>You make 'small offers' under Schedule 1 of the FMC Act</strong></p> <p>There are exclusions under Schedule 1 of the FMC Act that allow for some offers to be made without you having to provide all the usual documentation required under Part 3 of the Act (such as product disclosure statements).</p> <p>One of those exclusions is for small personal offers of debt and equity (see clause 12 of Schedule 1). It allows you to make small offers over a 12 month period that can, <strong>in total</strong>, involve up to 20 investors and raise up to $2 million without having to produce full documentation. Any offer that would result in you exceeding either or both those limits requires full documentation under Part 3.</p> <p>If over several 12 month periods you gain more than 50 shareholders <em>from small offers</em> you'll become a FMC reporting entity - you next balance date will become your first FMC balance date.</p> /help-me-invest/money-week/ Money Week 2014-09-29 10:43:19 Financial Markets Authority <p><a href="http://moneyweek.org.nz/" target="_blank"><strong><img class="leftAlone" title="" alt="moneyweek" src="http://www.fma.govt.nz/assets/Uploads/moneyweek.png" width="420" height="203"></strong></a></p> <p><strong>Money Week is a major nationwide initiative from the Commission for Financial Literacy and Retirement Income. Now in its third year, the week of activities is focused on raising awareness about personal money matters and motivating New Zealanders to assess their financial situation.</strong></p> <h2><strong>FMA Money Week 'Heavy Weight Debate'</strong></h2> <p>On Thursday 16 October, FMA is hosting a panel discussion to promote greater understanding of investment risk. This event is free and open to everyone.</p> <p>The panel discussion will ask whether New Zealanders are any good at understanding risk. The panel aims to help investors and consumers understand more about risk, a subject which many investors often find challenging.</p> <h3>Join the discussion with the panel</h3> <p>The panel will feature:</p> <ul> <li><strong>Rob Everett</strong>, Chief Executive Financial Markets Authority.</li> <li><strong>Mary Holm</strong>, renowned author and investor advocate.</li> <li><strong>John Body</strong>, Managing Director ANZ Wealth, the nation’s largest KiwiSaver provider.</li> <li><strong>Martin Hawes</strong>, respected commentator and authorised financial adviser.</li> </ul> <p><strong>Chairing the panel is broadcaster Wallace Chapman from TV’s 'Backbenches' programme and Radio New Zealand.</strong></p> <h3>Event details:</h3> <p>Thursday 16 October 2014<br>St Matthew's Church in the City<br>187 Federal Street<br>Auckland</p> <p>Doors open: 5:15pm<br>Event starts: 5.50pm<br>Finish:7:00pm</p> <p>This event is free and open to everyone. Places are limited so please register your attendance by sending your RSVP and contact details to <a href="mailto:events@fma.govt.nz" target="_blank">events@fma.govt.nz</a> by 5pm on Monday 13 October.</p> /help-me-comply/financial-advisers/your-obligations/authorised-financial-advisers-obligations/code-of-professional-conduct-for-afas/ Code of Professional Conduct for Authorised Financial Advisers 2014-09-29 10:00:09 Financial Markets Authority <p> </p> <p><a href="http://www.fma.govt.nz//assets/media/1946311/code-of-professional-conduct-for-afas.pdf" target="_blank"><img title="Code of Conduct 2014" src="http://www.fma.govt.nz/assets/media/1978670/code-of-conduct-image-159x226.jpg" alt="Code of Conduct 2014"></a> <a href="http://www.fma.govt.nz//assets/Code-of-Professional-Conduct-for-AFAs/Code-of-Professional-Conduct-Flyer-2014.pdf" target="_blank"><img title="Code of Conduct flyer" src="http://www.fma.govt.nz/assets/media/1982487/code-of-conduct-flyer-159x225.jpg" alt="Code of Conduct flyer"></a></p> <p>Changes to the Code of Professional Conduct for Authorised Financial Advisers (AFAs) came into effect 1 May 2014.  If you're an AFA you need to familiarise yourself with all of the changes.  A summary of the key changes can be viewed <a href="http://www.fma.govt.nz//assets/Code-of-Professional-Conduct-for-AFAs/Code-of-Professional-Conduct-Flyer-2014.pdf" target="_blank">here</a> or if you would like to download a copy of the revised Code click <a href="http://www.fma.govt.nz//assets/media/1946311/code-of-professional-conduct-for-afas.pdf" target="_blank">here</a>. Bound printed copies are available by <a href="http://www.fma.govt.nz//about-us/contact-us/ask-a-question/ask-a-question/">contacting us directly</a>. </p> <p>The Code of Professional Conduct for Authorised Financial Advisers (AFAs) applies to all AFAs from the date of their authorisation and while they remain authorised. It is also the benchmark for the conduct of Qualifying Financial Entities (QFE) advisers who are generally expected to demonstrate a similar standard of behaviour to AFAs for similar work.</p> <p>AFAs are required to meet the minimum standards of professional conduct set out in the Code:</p> <ul> <li>ethical behaviour: Code standards 1 to 5</li> <li>client care: Code standards 6 to 13</li> <li>competence: Code standards 14 to 18 and Competence Alternatives Schedule. This includes requirements for continuing professional training to maintain their competence and keep up to date with developments relevant to their business. AFAs must also maintain a professional development plan.</li> </ul> <p>AFAs must comply with all applicable laws, whether or not referred to in the Code.</p> /help-me-comply/financial-advisers/your-obligations/regulatory-reporting-guide/ Regulatory Reporting Guide 2014-09-29 10:00:09 Financial Markets Authority <h3 class="withlink">Download or print a copy of the <a href="http://www.fma.govt.nz//assets/regulatory-reporting-guide.pdf" target="_blank">Regulatory Reporting Guide</a> or you can read it in full below.</h3> <p> 1. This guide is the Regulatory Reporting Guide for Authorised Financial Advisers (<strong>Regulatory Reporting Guide</strong>) referred to in Standard Condition 2 of the Standard Conditions for Authorised Financial Advisers (<a href="http://www.fma.govt.nz//help-me-comply/financial-advisers/your-obligations/authorised-financial-advisers-obligations/terms-and-conditions-for-afas/standard-conditions-for-afas/"><strong>Standard Conditions</strong></a>):</p> <table> <tbody> <tr> <td> <div> <p><strong>Standard Condition 2 - Reporting</strong></p> <p><strong>The AFA must report in accordance with the periodic and other reporting, accounting and notification requirements contained in the Regulatory Reporting Guide for AFAs.</strong></p> </div> </td> </tr> </tbody> </table> <p>2. Regulatory reporting provides information which helps the Financial Markets Authority (<strong>FMA</strong>) to understand the profile, businesses and characteristics of AFAs in the profession and will enable FMA to focus its resources appropriately when monitoring AFAs.</p> <p>3. This Regulatory Reporting Guide includes:</p> <ul> <li>Reporting requirements that an Authorised Financial Adviser (<strong>AFA</strong>) must comply with to fulfil Standard Condition 2 of the Standard Conditions. These requirements are shown in the shaded boxes in <strong>bold type</strong>.</li> <li>Guidance and explanatory material to assist AFAs in understanding the reporting requirements.</li> </ul> <p>4. This Regulatory Reporting Guide contains the reporting requirement for an AFA to complete and submit an annual AFA Information Return (<strong>Information Return</strong>) to FMA.  The Information Return is an online tool that each AFA must complete and submit annually.  It consists of a series of <a href="http://www.fma.govt.nz//assets/media/1993803/afa-information-return-questions-final.pdf" target="_blank">questions</a><a href="http://www.fma.govt.nz/media/1993803/afa-information-return-questions-final.pdf"></a> about AFAs, their business, their compliance approach and their approach to continuing professional development.</p> <h2>Importance of regulatory reporting</h2> <table> <tbody> <tr> <td><strong>In the Information Return, the AFA must provide information that is complete and accurate and the answer to each question should be true and correct.</strong></td> </tr> </tbody> </table> <p>5. FMA will use information collected through regulatory reporting to inform its risk-based approach to monitoring AFAs.  The information will help to prioritise our work and focus our thematic reviews.  We will compare the information collected from AFAs.  We may aggregate information about the AFA profession and may use this to inform our policy work.</p> <p>6. FMA respects the privacy rights of individuals whose personal information is held by FMA. Any personal information that is supplied to FMA in the Information Return will be held and used in accordance with the Privacy Act 1993. FMA is required to hold personal information in a secure manner and in doing so, ensure that there are reasonable safeguards against loss, misuse or disclosure.</p> <p>7. It is important that the information provided in the Information Return is complete and accurate (within the parameters provided by any available answers specified), and that the answers to the questions are true and correct.  The Information Return asks you to confirm that this is the case before you submit it to FMA.</p> <p>8. FMA understands that you may need to give your best estimate where a question has not been asked before and you were not aware that you would need to collect data during the period to answer the question.  In subsequent reporting periods, it is expected that you will implement systems to collect the data required by the Information Return.</p> <p>9. In some cases, FMA may contact you to ask you to explain the information you have provided, or to support your answers (for example, by providing evidence or your working papers).</p> <p>10. It is a breach of a condition of your authorisation if you do not report in accordance with the requirements contained in this Regulatory Reporting Guide.  Under the Financial Advisers Act 2008 (the <strong>Act</strong>), FMA can take action against you for a breach of a term or condition of your authorisation, which could include suspending or cancelling your authorisation.  Failure to comply with the terms and conditions of your authorisation is also an offence under the Act and carries a maximum penalty of $5,000.</p> <h2>AFA Information Return</h2> <table> <tbody> <tr> <td><strong>The AFA must answer the questions in the Information Return and make the confirmation required when the Information Return is submitted.</strong></td> </tr> </tbody> </table> <p>11. The Information Return gathers factual information about you and your business, and information about your compliance approach and competence.</p> <p>12. The <a href="http://www.fma.govt.nz//assets/media/1993803/afa-information-return-questions-final.pdf" target="_blank">questions</a><a href="http://www.fma.govt.nz/media/1993803/afa-information-return-questions-final.pdf"></a> in the Information Return will remain largely the same each year. However, we may need to update or add some questions in the Information Return as a result of new or significant changes to financial markets legislation.  We may also from time to time add or remove questions to focus on areas of particular interest and may also move the answer ranges as we learn more about the profession. We may also change the reporting period of the Information Return and the date when the Information Return must be submitted by.</p> <p>13. You are responsible for the information provided in your Information Return. This does not preclude you receiving assistance with collating and inputting the information, but you must ensure that you personally read and check the information before you submit the Information Return.</p> <h2>When to complete the Information Return</h2> <table> <tbody> <tr> <td> <p><strong>The AFA must complete the first Information Return relating to their business as at 30 June 2014 and submit it to FMA by 30 September 2014.</strong></p> <p><strong>Thereafter, AFAs must complete an Information Return relating to their business as at 30 June annually and submit it to FMA by 30 September.</strong></p> </td> </tr> </tbody> </table> <p>14. The Information Return asks you to confirm that you have a current Adviser Business Statement (<strong>ABS</strong>).  Answering this question fulfils your obligation under Standard Condition 1 of the <a href="http://www.fma.govt.nz//help-me-comply/financial-advisers/your-obligations/authorised-financial-advisers-obligations/terms-and-conditions-for-afas/standard-conditions-for-afas/">Standard Conditions</a> to provide annual confirmation to FMA that your ABS is current.</p> <h2>How to complete the Information Return</h2> <table> <tbody> <tr> <td><strong>The AFA must complete and submit the Information Return online. </strong></td> </tr> </tbody> </table> <p>15. The Information Return can be accessed via our website. You will need to use your RealMe login to access the Information Return.</p> <p>16. You can save incomplete versions of the Information Return on the website, to complete at a later time.</p> <p>17. For many questions, you must select an answer from those provided.  The Information Return includes guidance on how to complete many questions and references to material in the <a href="http://www.legislation.govt.nz/act/public/2011/0005/latest/DLM3231023.html?src=qs">Act</a> and the <a href="http://www.fma.govt.nz//assets/media/1946311/code-of-professional-conduct-for-afas.pdf" target="_blank">Code of Professional Conduct</a> for Authorised Financial Advisers to assist you.</p> <p>18. If you need further help, you can contact the Financial Markets Authority Helpline on 0800 434 567 or contact us via our <a href="http://www.fma.govt.nz//about-us/contact-us/ask-a-question/ask-a-question/">online contact form</a>.</p> <p>19. We will use queries received to improve the guidance in the Information Return on an on-going basis, to help to clarify the questions and to assist AFAs in answering the questions.</p> <p>20. FMA recommends you print a copy of your completed Information Return and keep it with your ABS for your records.</p> /laws-we-enforce/policy/closed-consultations/consultation-paper-sipos-and-limit-breaks Consultation Paper: SIPOs and Limit Breaks 2014-09-29 09:55:28 Financial Markets Authority <p><br><strong>28 August 2014</strong></p> <p>FMA is now consulting on <a href="http://www.fma.govt.nz//assets/consultation-paper-sipos-and-limit-breaks.pdf" target="_blank">SIPOs and Limit Breaks</a></p> <p><strong>What is this consultation paper about?</strong></p> <p>Under the Financial Markets Conduct Act 2013 (FMC Act), the manager of a registered managed investment scheme (MIS) is required to put in place a statement of investment policy and objectives (SIPO).  The FMC Act also specifies a number of factors to be set out in the SIPO. A key requirement is that a material breach of any specified SIPO limits (a ‘limit break’) must be reported to the supervisor, or FMA where required.</p> <p>This paper is for MIS managers and their supervisors. It provides a brief description of SIPOs and outlines our thinking on the principles behind developing one. It explains the key components of a SIPO and what we would expect to see. We propose to issue guidance on this following this consultation.</p> <p>We also propose to issue a framework and methodology prescribing elements that constitute a material limit break. This paper outlines our current thinking about what these elements might be.</p> <p>We invite you to review our proposals and share your feedback on them with us.  We welcome general comment and have also included a number of questions seeking specific feedback. Responses to these specific questions will help shape the guidance and framework and methodology we intend to issue.</p> <p><strong>Submissions close on 26 September 2014.</strong></p> <p><strong>How do I make a submission?</strong></p> <p>Please use this <a href="http://www.fma.govt.nz//assets/feedback-sipos-and-limit-breaks.docx" target="_blank">feedback form</a>. This is also on the final page of the consultation paper – this gives the details of what you need to do. Forms must be submitted electronically in both PDF and Word formats and emailed to <a href="mailto:consultation@fma.govt.nz">consultation@fma.govt.nz</a> – please put ‘Feedback – SIPOs and Limit Breaks’ in the subject line.</p> <p>Alternatively, you can make an online submission on our engagement site <a href="http://www.talktous.fma.govt.nz/">www.talktous.fma.govt.nz</a>. You need to register to be able to use the site.</p> <p><strong>Submissions close on 26 September 2014.</strong></p> <p><strong>Where can I get more information?</strong></p> <p>You’ll find more information about the new accountability framework for financial products on our website <a href="http://www.fma.govt.nz//help-me-comply/new-accountability-framework-for-financial-products/">www.fma.govt.nz</a> or at the Ministry of Business Innovation and Employment site <a href="http://www.mbie.govt.nz/">www.mbie.govt.nz</a>.</p> <p>If you have questions about the SIPO and Limit Breaks consultation process, please get in touch.</p> <p><strong>Peter Nielsen</strong><br>Manager, Compliance Legal<br><a href="mailto:peter.nielsen@fma.govt.nz">peter.nielsen@fma.govt.nz</a>        <br>04 495 1684 </p> <p><strong>Garry Mason</strong><br>Senior Solicitor, Compliance Lega<br><a href="mailto:garry.mason@fma.govt.nz">garry.mason@fma.govt.nz</a> <br>09 300 0416</p> <h2>File Attachments</h2> <ul> <li><a href="http://www.fma.govt.nz//assets/consultation-paper-sipos-and-limit-breaks.pdf" target="_blank">Consultation Paper: SIPOs and Limit Breaks (504 kB pdf)</a></li> <li><a href="http://www.fma.govt.nz//assets/feedback-sipos-and-limit-breaks.docx" target="_blank">Feedback: SIPOs and Limit Breaks (16 kB docx)</a></li> </ul> /keep-updated/the-future-of-financial-markets/how-can-i-get-involved/ How Can I Get Involved? 2014-09-26 16:27:03 Financial Markets Authority <h3>Consultation, Guidance, Frameworks and Methadologies</h3> <p>Our indicative publication timeline is subject to the rollout of Regulations. In addition to the planned items below, we regularly publish information sheets about specific topics.</p> <table> <tbody> <tr> <td><strong>Indicative date</strong></td> <td><strong>Item</strong></td> </tr> <tr> <td>September 2014</td> <td>Consultation paper: SIPOs and limit breaks</td> </tr> <tr> <td>September 2014</td> <td>Consultation paper: Derivatives Issuer Standard Condition - Suitability</td> </tr> <tr> <td>October 2014</td> <td>Guidance note: Governance under Part 4 of the FMC Act</td> </tr> <tr> <td> </td> <td>Guidance note: AFAs and DIMS licensing</td> </tr> <tr> <td>October 2014</td> <td>Consultation paper: Policy for financial product offer frameworks and methodologies, exemptions and guidance</td> </tr> <tr> <td>November</td> <td>Schedule 1 exclusions guide</td> </tr> <tr> <td> </td> <td>Guidance note: SIPOs</td> </tr> <tr> <td> </td> <td>Framework and Methodology: Limit breaks</td> </tr> </tbody> </table> <p> </p> <p> </p> <h2><strong>What else can I do now?</strong></h2> <p>Take the time now to familiarise yourself with the legislation. You can find all the key documents and reports in our '<a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/useful-links/">Useful Links</a>' section.</p> <p>You need to think about the new requirements and 'readiness' of your own operations, such as whether you will need to be licensed, and for what services, how you might need to address new disclosure rules or new governance requirements and, crucially, by when. </p> <h2> </h2> <h2><a href="http://www.talktous.fma.govt.nz/">Talk to us</a></h2> <p>Our website <a href="http://www.talktous.fma.govt.nz/">talktous</a> gives New Zealanders the opportunity to share your thoughts and tell us what you think is important for the future of New Zealand's financial markets.</p> <p>On the site we ask for feedback on our proposals from time to time, but you can also ask us questions about any of the future changes.</p> <h2> </h2> <h2><strong>Find out more</strong></h2> <p>To receive regular news on consultations and guidance you can subscribe to our email '<a href="http://www.fma.govt.nz//keep-updated/subscribe-to-updates/">Updates</a>'.</p> <p>You can also <a href="http://www.fma.govt.nz//about-us/contact-us/">contact us</a>. If you're emailing a comment or question, please refer to FMC in your message heading.</p> /keep-updated/the-future-of-financial-markets/whats-changing/ What's Changing? 2014-09-26 16:27:03 Financial Markets Authority <p>The Financial Markets Conduct Act 2013 (FMC Act) will replace most of New Zealand's existing financial markets conduct law and will come into effect over a period beginning on 1 April 2014 through to 1 December 2016.</p> <p>Here you can find more information about what's changing and other key aspects of the new regime that may impact you or your business.</p> <ul> <li><a href="http://www.fma.govt.nz//help-me-comply/new-licences-for-financial-market-services/">New licences under the FMC Act</a></li> <li><a href="http://www.fma.govt.nz/help-me-comply/new-financial-reporting-requirements/">New financial reporting requirements</a></li> <li><a href="http://www.fma.govt.nz/about-us/contact-us/make-a-complaint/the-range-of-complaints-we-deal-with/fair-dealing/">Fair dealing under the FMC Act 2013</a></li> <li><a title="when will you need to comply?" href="http://www.fma.govt.nz/keep-updated/the-future-of-financial-markets/when-will-you-need-to-comply/">Transitioning to the new regime - when will you need to comply?</a></li> <li><a href="http://www.fma.govt.nz/help-me-comply/issuers/who-needs-to-comply/new-securities-act-exemptions-effective-1-april-2014/">New Securities Act disclosure exemptions effective from 1 April 2014</a></li> <li><a title="New Public Registers" href="http://www.fma.govt.nz/keep-updated/the-future-of-financial-markets/whats-changing/new-public-registers/">New public registers</a> (1 December 2014)</li> <li><a href="http://www.fma.govt.nz//help-me-comply/new-accountability-framework-for-financial-products/">New governance and accountability framework for financial products</a> (1 December 2014)</li> <li>New disclosure requirements for offers of financial products (1 December 2014) – keep an eye out for updates. </li> </ul> <h3> </h3> <h2><strong>What can I do now?</strong></h2> <p>Take the time now to familiarise yourself with the legislation. You can find all the key documents and reports in the '<a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/useful-links/">Useful Links</a>' section.</p> <p>Market participants also need to start thinking about the new requirements and 'readiness' of their own operations, such as whether you'll need to be licensed, and for what services, how you might need to address new disclosure rules or new governance/accountability requirements and, crucially, by when.</p> <h2> </h2> <h2 class="withlink"><a href="http://www.talktous.fma.govt.nz/">Talk to us</a></h2> <p>Last year we launched a new website <a href="http://www.talktous.fma.govt.nz/">www.talktous.fma.govt.nz</a> to give New Zealanders the opportunity to share your thoughts and tell us what you think is important for the future of New Zealand?s financial markets.</p> <p>On the site we ask for your feedback on our proposals from time to time, but you can also ask us questions about any of the future changes.</p> <p>You can also see what FMA is <a title="Current Consultations" href="http://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/">currently consulting</a> on and provide feedback.</p> <h2> </h2> <h2>Find out more</h2> <p>To receive regular news on consultations and guidance you can subscribe to our email '<a href="http://www.fma.govt.nz//keep-updated/subscribe-to-updates/">Updates</a>'.</p> <p>You can also <a href="http://www.fma.govt.nz//about-us/contact-us/">contact us</a><a href="http://www.fma.govt.nz/about-us/contact-us/"></a>. If you're emailing a comment or question, please refer to FMC in your message heading.</p> /keep-updated/the-future-of-financial-markets/useful-links/ Useful Links 2014-09-26 16:27:02 Financial Markets Authority <h2>FMA Guides</h2> <ul> <li><a href="http://www.fma.govt.nz//assets/Code-of-Professional-Conduct-for-AFAs/guide-to-licensing-small-dims-businesses.pdf" target="_blank">Quick guide to licence applications for small businesses providing DIMS</a> (June 2014)</li> <li><a href="http://www.fma.govt.nz//assets/fmas-new-role-as-regulator-of-conduct-april-2014.pdf" target="_blank">FMA's new role as regulator of conduct</a> (April 2014)</li> <li><a href="http://www.fma.govt.nz//assets/changes-ahead-for-afas-who-provide-dims-update-2.pdf" target="_blank">Changes ahead for AFAs who provide DIMS Update #2</a> (March 2014)</li> <li><a href="http://www.fma.govt.nz//assets/media/1054639/understanding-the-regulation-of-dims-frequently-asked-questions.pdf" target="_blank">Understanding the regulation of DIMS - frequently asked questions</a> (March 2014)</li> <li><a href="http://www.fma.govt.nz//assets/changes-ahead-for-afas-who-provide-dims.pdf" target="_blank">Changes ahead for AFAs who provide DIMS - FMA Fact Sheet</a> (November 2013)</li> <li><a href="http://www.fma.govt.nz//assets/Changes-ahead-for-Financial-Reporting-FMA-Factsheet-Nov-2013.pdf" target="_blank">Changes ahead for Financial Reporting - FMA Fact Sheet</a> (November 2013)</li> <li><a href="http://www.fma.govt.nz//assets/a-guide-to-the-financial-markets-conduct-act-reforms-november-2013.pdf" target="_blank">A Guide to the Financial Markets Conduct Act Reforms</a> (November 2013)</li> <li><a href="http://www.fma.govt.nz//assets/the-future-of-financial-markets-nov-13.pdf" target="_blank">The Future of Financial Markets - FMA Market Update</a> (November 2013)</li> </ul> <h2>Key documents and reports from the Government's review of securities law</h2> <ul> <li><a href="http://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html?search=ts_act%40bill%40regulation%40deemedreg_financial+markets+conduct_resel_25_a&amp;p=1" target="_blank">Financial Markets Conduct Act</a> (September 2013)</li> <li><a href="http://www.beehive.govt.nz/release/new-regulations-financial-markets" target="_blank">Financial Market Conduct Regulations decisions</a> (June 2013)</li> <li><a href="http://www.med.govt.nz/business/business-law/pdf-docs-library/current-business-law-work/securities-law-review/fmc-regulations/Financial%20Markets%20Conduct%20Bill%20Approval%20of%20Supplementary%20Order%20Paper.pdf" target="_blank">Cabinet paper approving release of a supplementary order paper</a> (April 2013)</li> <li><a href="http://www.med.govt.nz/business/business-law/pdf-docs-library/current-business-law-work/securities-law-review/fmc-regulations/Financial%20Markets%20Conduct%20Regulations%202013%20Discussion%20Paper.pdf" target="_blank">Discussion paper on the Financial Markets Conduct Regulations</a> (December 2012)</li> <li><a href="http://www.med.govt.nz/business/business-law/current-business-law-work/review-of-securities-law/exposure-draft-bill" target="_blank">Submissions on the exposure draft of the FMC Bill</a> (October 2011)</li> <li><a href="http://www.med.govt.nz/business/business-law/pdf-docs-library/current-business-law-work/securities-law-review/financial-markets-conduct-bill-consultation-draft-2-mb-pdf.pdf" target="_blank">Financial Markets Conduct Bill - exposure draft Bill</a> (August 2011)</li> <li><a href="http://www.med.govt.nz/business/business-law/pdf-docs-library/current-business-law-work/securities-law-review/May%202011%20Cabinet%20paper%20and%20RIS.pdf" target="_blank">Cabinet Paper – Subsequent additional Cabinet decisions</a> (May 2911)</li> <li><a href="http://www.med.govt.nz/business/business-law/pdf-docs-library/current-business-law-work/securities-law-review/review-of-securities-law-cabinet-paper-feb-2011483-kb-pdf.pdf" target="_blank">Cabinet Paper – Cabinet decisions as to the general shape of the Bill</a> (February 2011)</li> <li><a href="http://www.med.govt.nz/business/business-law/current-business-law-work/review-of-securities-law/submissions-on-June-2010-discussion-document" target="_blank">Submissions made on the June 2010 Discussion Paper</a> (August 2010)</li> <li><a href="http://www.med.govt.nz/business/business-law/pdf-docs-library/current-business-law-work/securities-law-review/review-of-secuities-law-dicsussion-document-1625-kb-pdf.pdf" target="_blank">Discussion Paper on the Review of Securities Law</a> (June 2010)</li> <li><a href="http://www.med.govt.nz/business/economic-development/pdf-docs-library/cmd-capital-markets-matter-full-report.pdf" target="_blank">Report of the Capital Markets Development Taskforce</a> (December 2009)</li> </ul> <h2>Find out more</h2> <p>You can find more details about the Government's review of securities law on the <a href="http://www.med.govt.nz/business/business-law/current-business-law-work/financial-markets-conduct-act">Ministry of Business, Innovation and Employment's website</a>.</p> <p>You can also <a href="http://www.fma.govt.nz//about-us/contact-us/">contact us</a>. If you're emailing a comment or question, please refer to FMC in your message heading.</p> /help-me-comply/new-licences-for-financial-market-services/ New Licences for Financial Market Services 2014-09-26 16:24:10 Financial Markets Authority <p>The <a href="http://www.legislation.govt.nz/act/public/2013/0069/latest/whole.html">Financial Markets Conduct (FMC) Act 2013</a> introduces six new types of licence for financial market services. On these pages you can find out if you need a licence for your market service – and what your obligations as a licensee will be.</p> <p>We will update this information as the regulations and licensing requirements are finalised.</p> <p>Find out more about the <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/timeline-for-change/">timeline for change</a><a href="http://www.fma.govt.nz/keep-updated/the-future-of-financial-markets/timeline-for-change/"></a> and <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/how-can-i-get-involved/">how you can get involved</a><a href="http://www.fma.govt.nz/keep-updated/the-future-of-financial-markets/how-can-i-get-involved/"></a>.</p> /keep-updated/the-future-of-financial-markets/when-will-you-need-to-comply/ When Will You Need to Comply? 2014-09-26 16:24:10 Financial Markets Authority <p>The Financial Markets Conduct Act 2013 (FMC Act)is being implemented in <a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/timeline-for-change/">two phases</a>. Phase 1 of the FMC Act and the <a href="http://www.legislation.govt.nz/act/public/2013/0070/latest/DLM5561104.html">Financial Markets (Repeals and Amendments) Act 2013</a> (FM (RA) Act) comes into effect on 1 April 2014. The remaining provisions come into effect on 1 December 2014. </p> <p>You will have up to 24 months from 1 December 2014 to comply with the new disclosure and governance/accountability requirements.</p> <p>See the links below for more information on when specific parts of the new FMC Act regime will apply to you.</p> <ul> <li><a href="http://www.fma.govt.nz/about-us/contact-us/make-a-complaint/the-range-of-complaints-we-deal-with/fair-dealing/">New fair dealing requirements (Part 2)</a></li> <li><a href="http://www.fma.govt.nz//help-me-comply/new-licences-for-financial-market-services/">New licences for financial services (Part 4)</a></li> <li><a href="http://www.fma.govt.nz//help-me-comply/new-accountability-framework-for-financial-products/">New governance and accountability framework for financial products (Part 4)</a></li> <li><a href="http://www.fma.govt.nz//help-me-comply/new-financial-reporting-requirements/">New financial reporting requirements (Part 7)</a></li> <li><a href="http://www.fma.govt.nz//help-me-comply/issuers/who-needs-to-comply/new-securities-act-exemptions-effective-1-april-2014/">New Securities Act disclosure exemptions effective from 1 April 2014</a></li> <li>New disclosure requirements for offers of financial products (1 December 2014) – keep an eye out for updates.</li> </ul> <p>We've also created information sheets to explain specific transitional issues:</p> <ul> <li><a href="http://www.fma.govt.nz//assets/creation-of-new-unit-trusts-during-transition-period.pdf" target="_blank">Creation of new units trusts during transition period</a></li> <li><a href="http://www.fma.govt.nz//assets/media/2009596/fair-dealing-provisions-transitional-arrangements-for-advertising.pdf" target="_blank">Fair dealing provisions - transitional arrangements for advertising</a></li> </ul> <h2> </h2> <h2>Other key market participants</h2> <h3>Issuers</h3> <p>Issuers will be able to take advantage of certain disclosure exemptions between 1 April 2014 and 1 December 2014 (for example, employee share schemes, prescribed intermediaries such as crowd funding, peer-to-peer lending, small offers and quoted securities of the same class) as if those exemptions were part of the Securities Act 1978.</p> <p>For products that have been issued in the past, the issuer has up to two years to move to the new regime. This will require most debt issuers and managed investment schemes to change their governing documents, and all managed investment schemes to register on the new managed investment scheme register.</p> <p><strong>For example:</strong></p> <ul> <li>Continuous issuers – such as managed funds issuers or non-bank deposit takers  have a two year transition period in which they can continue to offer and allot securities under the Securities Act 1978.</li> <li>New one-off issues  such as initial public offerings or corporate debt offers – can still be made under the Securities Act 1978 if the prospectus is registered before December 2015 and the allotment completed within the two year transition period.</li> <li>But new KiwiSaver and superannuation schemes must register under the FMC Act and immediately comply with the new regime.</li> </ul> <h3>Registered exchanges</h3> <p>Existing registered exchanges and authorised futures exchanges will be treated as holding a financial product market licence in respect of each of their current markets, and a process is set out to enable currently unlicensed markets to seek a licence under the transitional provisions.</p> <h3>Custodians</h3> <p>New custodian obligations are in place under the <a href="http://www.legislation.govt.nz/regulation/public/2014/0048/latest/DLM5946801.html?search=y_regulation_2014__rc%40rinf%40rnif%40raif_an%40bn%40rc_200_a&amp;p=1">Financial Advisers (Custodians of FMCA Financial Products) Regulations 2014.</a> However, transitional provisions give custodians until at least 1 December 2014 to comply with most requirements.</p> <h2> </h2> <h2>Find out more</h2> <p>Find out more in our '<a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/timeline-for-change/">Timeline for Change</a>' and '<a href="http://www.fma.govt.nz//keep-updated/the-future-of-financial-markets/how-can-i-get-involved/">How Can I get Involved</a>' sections.</p> /help-me-comply/new-licences-for-financial-market-services/derivatives-issuer/who-needs-to-comply/ Who needs to comply? 2014-09-26 16:10:33 Financial Markets Authority <p>Under the Financial Markets Conduct Act, a derivative issuer must be licenced to make a regulated offer of derivatives. You are a derivatives issuer if you are in the business of entering into derivatives. See <a href="http://www.legislation.govt.nz/act/public/2013/0069/latest/whole.html#DLM4091564">section 388</a> of the Act for more details.</p> <h3>What is a derivative?</h3> <p>The Act contains a wide definition of a derivative, which includes:</p> <ul> <li>Futures contracts and forwards</li> <li>Options (except options to acquire an equity security, a debt security, or a managed investment product by way of issue)</li> <li>Swaps</li> <li>Contracts for difference, margin contracts and rolling spot contracts</li> <li>Caps, collars, floors and spreads.</li> </ul> <p>The definition is also wide enough to catch new derivatives products as they are developed.</p> <p>See <a href="http://www.legislation.govt.nz/act/public/2013/0069/latest/whole.html#DLM4090911">section 8 (4)</a> for the full definition.</p> <h3>What is a regulated offer?</h3> <p>A regulated offer includes any offer of derivatives when disclosure must be made to one or more investors, for example, because an investor is a retail investor. See <a href="http://www.legislation.govt.nz/act/public/2013/0069/latest/whole.html#DLM4090971">section 41</a>.</p> <h3>Will you need a licence?</h3> <p>You will need a licence if you want to make a regulated offer of derivatives, as defined in the Act. Our flowchart, <a href="http://www.fma.govt.nz//assets/media/1054639/do-you-need-a-derivative-issuer-licence-from-1-december-2014.pdf" target="_blank">do you need a derivative issuer licence from 1 December 2014</a> will help you decide.</p> <h3 class="typography"><b>I offer </b><b>derivatives services to overseas clients only, do I need a licence?</b></h3> <p>Under section 47 of the Financial Markets Conduct Act, a derivatives issuer is required to be licensed if it is making a regulated offer.  A regulated offer includes any offer of derivatives when disclosure must be made to one or more investors, for example, because an investor is a retail investor.   However disclosure is only required for offers of financial products in New Zealand.  So if offers are not made to NZ residents, the entity does not need to be licensed.</p> <p>You should be mindful of the fact that a registered but not licensed derivatives issuer would fall within FMA jurisdiction, for example under the Fair Dealing provisions of the FMC Act.  In addition, FMA now has the power to be able to de-register a provider from FSPR.</p> /help-me-comply/futures-dealers/how-to-become-authorised/ How to Become Authorised 2014-09-26 15:56:27 Financial Markets Authority <p>Dealers can become authorised or approved to deal in futures contracts in one of the following ways:</p> <ul> <li>be approved by an authorised futures exchange under its market rules to deal in futures in line with the rules of that exchange</li> <li>be able to rely on a class authorisation notice granted by FMA</li> <li>individual authorisation by FMA.</li> </ul> <p>Futures dealers may also need to be registered on the <a href="http://www.fma.govt.nz//help-me-comply/financial-service-providers/">financial service providers register</a>.</p> <table> <tbody> <tr> <td> <p><b>Regulatory change coming soon:</b></p> <p>The Securities Markets Act 1988 is due to be repealed on 1 December 2014 as part of the implementation of the Financial Markets Conduct Act 2013 (FMCA). This will mean that futures dealers will cease to be authorised from 1 December 2014.  Some authorised futures dealers will need a Derivatives Issuer licence from that date.  There are provisions for certain futures dealers to obtain a deemed Derivatives Issuer licence under the FMCA.  For further information on what these changes means for you, see the <a href="http://www.fma.govt.nz/help-me-comply/new-licences-for-financial-market-services/derivatives-issuer/">Derivatives Issuer</a> section of our website.  Our flowchart <a href="http://www.fma.govt.nz/media/2003537/do-you-need-a-derivative-issuer-licence-from-1-december-2014.pdf">do you need a derivative issuer licence from 1 December 2014</a> will help you decide whether you need a licence.</p> </td> </tr> </tbody> </table> <h3>Approval by an exchange</h3> <p>A futures dealer approved by an exchange may only deal in futures contracts to the extent that dealing is regulated and overseen by that exchange, and must comply with the obligations imposed by the rules of that exchange.</p> <p>The derivatives market operated by NZX is an authorised futures exchange. NZX approves futures dealers in this market, in line with its derivatives market rules. NZX acts as front line regulator of futures dealers on its derivatives market, but must keep FMA informed of any disciplinary action or suspected significant breaches of the market rules.</p> <p>Australian Securities Exchange Limited (operator of the ASX 24 Market), ICE Futures Europe and ICE Futures US are also authorised futures exchanges. The rules of these exchanges do not provide for approval of their participants to deal in futures contracts in New Zealand.</p> <h3>Reliance on a class exemption notice</h3> <p>There are currently two class authorisation notices:</p> <ul> <li>the Authorised Futures Dealers Notice (No 2) 2004, which authorises ASX 24 participants to deal in futures contracts traded on the ASX 24 market on behalf of New Zealand clients</li> <li>the Authorised Futures Dealers (Registered Banks Futures Contracts) Notice 2012, which authorises registered banks to deal in over-the-counter futures contracts.</li> </ul> <p><strong>Australian Securities Exchange participants</strong></p> <p>This method of authorisation is available to accreditied participants of the ASX 24 Market (formerly Sydney Futures Exchange) who have a current Australian Financial Services Licence. New Zealand authorisation is only effective for futures contracts made on or effected through the ASX 24 Market itself. A participant dealing in futures contracts in New Zealand that are not made on, or effected through, the ASX 24 Market needs to obtain one of the other forms of authorisation.</p> <p><strong>Registered Banks</strong></p> <p>This method of authorisation is available to registered banks (within the meaning of the Reserve Bank of New Zealand Act 1989). The authorisation permits registered banks to offer any futures contract (both as principal and as an intermediary), except a contract which is traded on an authorised futures exchange or a futures exchange regulated overseas. The main condition is that, where a registered bank offers a contract as principal, the bank must provide the disclosure document required under the Securities Act (Registered Banks Futures Contracts) Exemption Notice 2007.</p> <h3>Individual entity authorisation by FMA</h3> <p>Applicants who don't fall into one of the classes above must seek individual authorisation from FMA.</p> <p>The Act does not specify matters that FMA should consider in authorising a futures dealer. FMA's policy is to consider criteria relevant to the transparency of the arrangements for the client and the applicant's ability to perform the contracts, supporting a fair and efficient market. The criteria include that an applicant:</p> <ul> <li>is fit and proper, with fit and proper owners, directors and senior managers</li> <li>has directors and senior managers with appropriate skills and experience</li> <li>has appropriate financial resources</li> <li>has the necessary systems, policies, procedures and controls to carry out the futures dealing activities it seeks to offer.</li> </ul> <p>See the application resources and templates on '<a href="http://www.fma.govt.nz//help-me-comply/futures-dealers/how-to-become-authorised/how-to-apply-for-authorisation-by-fma/">How to apply for authorisation by FMA</a>', including the <a href="http://www.fma.govt.nz//assets/media/1027578/application-guide-authorisation-of-futures-dealers-final.pdf" target="_blank">Application Guide</a> which explains the information which should be provided to FMA.</p> <p><strong>Duration and conditions of authorisation</strong></p> <p>Authorisations are subject to conditions. FMA sets similar conditions for dealers with similar businesses, although FMA may include specific conditions to address particular issues. Example conditions, and how they apply to different types of futures dealers business, are set out in Appendix A of the <a href="http://www.fma.govt.nz//assets/media/1027578/application-guide-authorisation-of-futures-dealers-final.pdf" target="_blank">Application Guide</a>.</p> <p>Authorisations will generally be for a period of up to five years. The actual period will be determined on a case by case basis.</p> <p>Authorised futures dealers who intend to apply to be re-authorised when their current period of authorisation expires should contact FMA at least 6 months in advance of the expiry. Dealers should be prepared to provide the information indicated under 'Individual entity authorisation by FMA' above. Subsequent authorisation periods may vary from the initial period, based on FMA's approach at the time of application.</p> /help-me-comply/futures-dealers/ Futures Dealers 2014-09-26 15:53:14 Financial Markets Authority <p>All futures dealers must be authorised or approved and comply with the requirements set under the Securities Markets Act 1988.</p> <table> <tbody> <tr> <td> <p><b>Regulatory change coming soon:</b></p> <p>The Securities Markets Act 1988 is due to be repealed on 1 December 2014 as part of the implementation of the Financial Markets Conduct Act 2013 (FMCA). This will mean that futures dealers will cease to be authorised from 1 December 2014.  Some authorised futures dealers will need a Derivatives Issuer licence from that date.  There are provisions for certain futures dealers to obtain a deemed Derivatives Issuer licence under the FMCA.  For further information on what these changes means for you, see the <a href="http://www.fma.govt.nz/help-me-comply/new-licences-for-financial-market-services/derivatives-issuer/">Derivatives Issuer</a> section of our website.  Our flowchart <a href="http://www.fma.govt.nz/media/2003537/do-you-need-a-derivative-issuer-licence-from-1-december-2014.pdf">do you need a derivative issuer licence from 1 December 2014</a> will help you decide whether you need a licence.</p> </td> </tr> </tbody> </table> <p> </p> /laws-we-enforce/legislation/acts-and-regulations/securities-markets-act-1988-and-associated-regulations/ Securities Markets Act 1988 and Associated Regulations 2014-09-26 15:53:14 Financial Markets Authority <p>The Securities Markets Act and its regulations regulate trading in listed and unlisted securities.</p> <p>The Financial Markets Authority has supervisory and enforcement powers under the Act, which allow us to monitor whether those involved with the trading of securities comply with the Act's various disclosure and conduct requirements and to undertake investigations and enforcement action.</p> <p>FMA also supervises registered securities exchanges and the market rules of those exchanges. We have the power to veto or request new market rules, or give a registered exchange a binding enforcement order. Currently, the only registered exchange in New Zealand is NZX.</p> <p>The Act and associated regulations:</p> <ul> <li>regulate 'insider trading' and market manipulation involving securities listed on an exchange</li> <li>prohibit misleading or deceptive conduct involving dealings in listed and unlisted securities</li> <li>specify what information listed issuers must provide to allow investors to make informed decisions</li> <li>require those with control over substantial holdings of voting securities of listed entities to disclose that control, or any change in that control</li> <li>require certain persons with relevant interests in listed securities to disclose those interests</li> <li>encourage good corporate governance of public issuers</li> <li>specify how unsolicited offers to buy securities can be made and how information is to be disclosed, and give FMA the power to restrict dealings in securities in relation to unsolicited offers made in breach of the law.</li> <li>provide for the <a href="http://www.fma.govt.nz//help-me-comply/futures-dealers/">authorisation of dealers in futures contracts</a>.</li> </ul> <p>The regulations made under the Securities Markets Act are the:</p> <ul> <li>Securities Act (NZX-NZAX Market) Exemption Notice 2011</li> <li>Securities Markets Act (Citigroup) Exemption Notice 2003</li> <li>Securities Markets (Disclosure of Relevant Interests by Directors and Officers) Regulations 2003, which specify the way in which directors and officers of an issuer must disclose any relevant interests they hold in securities of that issuer</li> <li>Securities Markets Act (NZCDC Settlement System) Exemption Notice 2010</li> <li>Securities Markets Act (Telecom Corporation of New Zealand Limited) Exemption Notice 2008</li> <li>Securities Markets (Fees) Regulations 2003, which prescribe the fees payable under the Securities Market Act</li> <li>Securities Markets Act (Insider Trading Exemption-Fonterra Co-operative Group Limited) Regulations 2012</li> <li>Securities Markets (Insider Trading Exemption-Futures Contracts) Reulations 2010</li> <li>Securities Markets (Substantial Security Holders) Regulations 2007, which specify when and how those with control over substantial holdings of voting securities of an issuer must disclose their holding</li> <li>Securities Markets (Market Manipulation) Regulations 2007, which specify a process for stabilising the market for securities under an initial public offer, and provide a limited exemption from the market manipulation prohibition</li> <li>Securities Markets (NZAX Conduct Rules Approval) Order 2003</li> <li>Future Industry (Client Funds) Regulations 1990, which regulate the way client funds are handled by futures dealers and members of authorised futures exchanges</li> <li>Securities Markets (Unsolicited Offers) Regulations 2012.</li> </ul> /keep-updated/reports-and-papers/afa-monitoring-reports AFA Monitoring Reports 2014-09-25 12:33:48 Financial Markets Authority <p><a href="http://fma.govt.nz/keep-updated/reports-and-papers/authorised-financial-advisers-monitoring-report-2014" target="_blank">Authorised Financial Advisers Monitoring Report 2014</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1942667/afa-monitoring-report-july-to-december-2013.pdf" target="_blank">AFA Monitoring Report July 2013 - December 2013</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1886257/afa-monitoring-report-thematic-review-nzx-adviser-afas-april-june.pdf" target="_blank">AFA Monitoring Report April 2013 - June 2013</a></p> <p><a href="http://www.fma.govt.nz//assets/media/1731574/afa-monitoring-report-dims-review-jan-march-2013.pdf" target="_blank">AFA Monitoring Report January 2013 - March 2013</a></p> <p><a href="http://www.fma.govt.nz//assets/afa-monitoring-report-oct-dec-2012-final3.pdf" target="_blank">AFA Monitoring Report October 2012 - December 2012</a></p> <p><a href="http://www.fma.govt.nz//assets/afa-monitoring-report-july-2012-september-2012-.pdf" target="_blank">AFA Monitoring Report July 2012 - September 2012</a></p> <p><a href="http://www.fma.govt.nz//assets/afa-interim-monitoring-report-june-2012.pdf" target="_blank">AFA Monitoring Report September 2011 - June 2012</a></p> <hr> /keep-updated/reports-and-papers/authorised-financial-advisers-monitoring-report-2014 Authorised Financial Advisers Monitoring Report 2014 2014-09-25 11:49:18 Financial Markets Authority /keep-updated/reports-and-papers/qualifying-financial-entities-monitoring-report-2014 Qualifying Financial Entities Monitoring Report 2014 2014-09-25 11:48:17 Financial Markets Authority /keep-updated/newsroom/afa-updates/financial-markets-authority-afa-update-issue-30 Financial Markets Authority AFA Update: Issue # 30 2014-09-25 11:45:00 Financial Markets Authority <h2>7 days left to complete your Information Return!</h2> <p>Time is running out to complete your AFA Information Return.  All Returns <strong>must be submitted online by 5pm Tuesday 30 September </strong>so don’t delay, <a href="http://financialmarketsauthority.cmail2.com/t/r-l-mklhrjd-ijljtijtid-t/">get started now</a>.<br><br>Remember, your authorisation as an AFA is subject to the <a href="http://www.fma.govt.nz//help-me-comply/financial-advisers/your-obligations/authorised-financial-advisers-obligations/terms-and-conditions-for-afas/">Standard Conditions</a> that include the requirement to complete this Information Return in accordance with the <a href="http://www.fma.govt.nz//help-me-comply/financial-advisers/your-obligations/regulatory-reporting-guide/afa-information-return/">Regulatory Reporting Guide</a>.  If you have not yet started completing your Information Return we encourage you to do so promptly so you are able to collect the information required to complete and submit the Information Return on time.<br><br><strong>Please note: </strong>you are not required to provide a separate Annual Business Statement (ABS) confirmation (required under Standard Condition 1 for AFAs) once you have correctly submitted your Information Return.<br><br>If you have any questions when completing your Information Return please check our <a href="http://www.fma.govt.nz//help-me-comply/financial-advisers/your-obligations/regulatory-reporting-guide/frequently-asked-questions/">FAQs</a>. Otherwise please email your question to <a href="mailto:questions@fma.govt.nz">questions@fma.govt.nz</a> or call us on 0800 434 567.</p> /keep-updated/reports-and-papers/investigations-and-enforcement-report-2014 Investigations and Enforcement Report 2014 2014-09-25 11:37:08 Financial Markets Authority /keep-updated/newsroom/media-releases/2014/fma-releases-2014-investigations-and-enforcement-report FMA releases 2014 Investigations and Enforcement Report 2014-09-25 11:37:08 Financial Markets Authority <p><strong>Media release</strong><b><br><strong>MR No. 2014 – 030</strong><br><strong>25 September 2014</strong></b></p> <p>The Financial Markets Authority (FMA) today released its Investigations and Enforcement Report for the year ending 30 June 2014.</p> <p>The report highlights the key themes and issues that emerged from the FMA’s enforcement activities during the reporting period. It also provides guidance and key learnings to financial market participants, to help them better understand the standards of behaviour and conduct expected in New Zealand’s financial markets.</p> <p>This year’s report demonstrates that the FMA’s enforcement activities have been focused on a broad range of harms threatening financial markets including:</p> <ul> <li>responding to serious financial crime</li> <li>probing allegations of secondary markets violations – insider trading or market manipulation</li> <li>addressing the persistent failure by some issuers to file financial statements</li> <li>completing the investigations into legacy finance company cases.</li> </ul> <p>As well as providing statistics on the FMA’s enforcement activity, the report highlights the wide range of approaches the FMA has taken in responding to misconduct.</p> <p>Belinda Moffat, FMA Director of Investigations and Enforcement said “while we have commenced a number of court proceedings to deal with serious misconduct, we have also used a wide range of other regulatory tools available to us.  As well as issuing warnings, we have entered into settlements to achieve financial returns for investors where this has been in the public interest.  We have also worked collaboratively with financial markets’ entities to resolve various issues of concern.”</p> <p>“The facts of every matter we look at are unique. We carefully consider and exercise judgement in determining how the FMA, as the regulator, needs to respond to the situation.  We strive to be consistent and transparent in exercising the powers that we have.</p> <p>“The FMA’s intention is to raise investors’ confidence in the role of regulation and in our financial markets.”</p> <p><b>See full report <a href="http://fma.govt.nz/keep-updated/reports-and-papers/investigations-and-enforcement-report-2014" target="_blank">here</a>.</b></p> <p><b>Contact:<br></b>Andrew Park<br>09 967 1215<br>021 220 6770<br><a href="mailto:Andrew.park@fma.govt.nz">Andrew.park@fma.govt.nz</a></p> /help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/ Anti-Money Laundering and Countering Financing of Terrorism Reporting Entities 2014-09-24 10:30:04 Financial Markets Authority <p><strong>AML/CFT news &amp; updates 1 August 2014. The Ministry of Justice is currently consulting on a Ministerial exemption for managing intermediaries. Submissions close 22 August 2014. The consultation paper and draft notice can be found at the following link <a href="http://www.justice.govt.nz/policy/criminal-justice/aml-cft/publications-and-consultation/proposed-ministerial-exemption-for-managing-intermediaries">Ministry of Justice website</a>.</strong></p> <p>The <a href="http://www.legislation.govt.nz/act/public/2009/0035/latest/DLM2140720.html?search=ts_act_anti+money+laundering_resel&amp;p=1"> Anti-Money Laundering and Countering Financing of Terrorism Act</a> (AML/CFT Act) 2009 and its <a href="http://www.legislation.govt.nz/regulation/results.aspx?search=ts_regulation_Anti+Money+Laundering_resel&amp;p=1"> Regulations</a> place obligations on New Zealand's financial institutions to detect and deter money laundering and terrorism financing.</p> <p>FMA is one of three supervisors under the Act, along with the Reserve Bank of New Zealand and Department of Internal Affairs. For more information about the role of the supervisors click <a href="http://www.fma.govt.nz//about-us/what-we-do/anti-money-laundering-and-countering-financing-of-terrorism/role-of-the-supervisors/">here</a>.</p> <p>Money laundering is how criminals disguise the illegal origins of their money. Financers of terrorism use similar techniques to money launderers to avoid detection by authorities and to protect the identity of those providing and receiving the funds.</p> <p><strong>Provision of Annual Reports to AML/CFT supervisors</strong></p> <p>All reporting entities are required by the Act to prepare an annual report on their risk assessment and AML/CFT programme.</p> <p>The format of the AML/CFT annual report can be viewed here in <a href="http://www.legislation.govt.nz/regulation/public/2011/0225/latest/DLM5314937.html">Schedule 2</a> of the Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Regulations 2011.</p> <p>Reporting entities must provide the annual report for the period 1 July 2013 to 30 June 2014 by 30 August 2014 in accordance with section 60(3) of the AML/CFT Act 2009.</p> <p><strong><a href="http://www.fma.govt.nz//help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/annual-amlcft-reporting/">See our section on Annual AML/CFT reporting</a>.</strong></p> <p><strong>To view list of reporting entities, click <a href="http://www.fma.govt.nz//laws-we-enforce/registers/list-of-aml-reporting-entities/">here</a>.</strong></p> /help-me-comply/anti-money-laundering-and-countering-financing-of-terrorism-reporting-entities/annual-amlcft-reporting/ Annual AML/CFT reporting 2014-09-24 10:30:04 Financial Markets Authority <h3><strong>Annual AML/CFT reports were due 30 August 2014</strong></h3> <p>Thank you for completing your first annual reports for the period 1 July 2013 – 30 June 2014.</p> <p>FMA</p> <p><strong> </strong></p> <h4><strong>What’s it all about?</strong></h4> <p>All reporting entities are required to prepare an annual report on their risk assessment and AML/CFT programme. The first report for the period of 1 July 2013 – 30 June 2014 must be submitted to FMA by 30 August 2014, in accordance with the AML/CFT Act 2009.</p> <p>Information from these reports will provide FMA with important information on our AML/CFT reporting entities and will help us:</p> <ul> <li>understand the risk of money laundering and financing of terrorism activities in our reporting entities</li> <li>ensure that information we have on our reporting entities is current</li> <li>determine the best use of our AML/CFT resources.</li> </ul> <p><strong>Submissions should only be made using our online system any time between 1 July 2014 and 30 August 2014.</strong></p> /keep-updated/warnings-alerts-and-scams/international-regulator-alerts/ International Regulator Alerts 2014-09-23 09:55:41 Financial Markets Authority <ul> <li><a href="http://www.fma.govt.nz/#September202014">20 September 2014</a></li> <li><a href="http://www.fma.govt.nz/#September132014">13 September 2014</a></li> <li><a href="http://www.fma.govt.nz/#September62014">6 September 2014</a></li> <li><a href="http://www.fma.govt.nz/#August312014">31 August 2014</a></li> <li><a href="http://www.fma.govt.nz/#August232014">23 August 2014</a></li> <li><a href="http://www.fma.govt.nz/#August162014">16 August 2014</a></li> <li><a href="http://www.fma.govt.nz/#August92014">9 August 2014</a></li> <li><a href="http://www.fma.govt.nz/#August22014">2 August 2014</a></li> <li><a href="http://www.fma.govt.nz/#July262014">26 July 2014</a></li> <li><a href="http://www.fma.govt.nz/#July192014">19 July 2014</a></li> <li><a href="http://www.fma.govt.nz/#July122014">12 July 2014</a></li> <li><a href="http://www.fma.govt.nz/#July62014">6 July 2014</a></li> <li><a href="http://www.fma.govt.nz/#June302014">30 June 2014</a></li> <li><a href="http://www.fma.govt.nz/#June212014">21 June 2014</a></li> <li><a href="http://www.fma.govt.nz/#June142014">14 June 2014</a></li> <li><a href="http://www.fma.govt.nz/#June72014">7 June 2014</a></li> <li><a href="http://www.fma.govt.nz/#May262014">26 May 2014</a></li> <li><a href="http://www.fma.govt.nz/#may222014">22 May 2014</a></li> <li><a href="http://www.fma.govt.nz/#May172014">17 May 2014</a></li> <li><a href="http://www.fma.govt.nz/#May102014">10 May 2014</a></li> <li><a href="http://www.fma.govt.nz/#May32014">3 May 2014</a></li> <li><a href="http://www.fma.govt.nz/#April262014">26 April 2014</a></li> <li><a href="http://www.fma.govt.nz/#April192014">19 April 2014</a></li> <li><a href="http://www.fma.govt.nz/#April122014">12 April 2014</a></li> <li><a href="http://www.fma.govt.nz/#April52014">5 April 2014</a></li> <li><a href="http://www.fma.govt.nz/#March312014">31 March 2014</a></li> <li><a href="http://www.fma.govt.nz/#March222014">22 March 2014</a></li> <li><a href="http://www.fma.govt.nz/#March152014">15 March 2014</a></li> <li><a href="http://www.fma.govt.nz/#March12014">1 March 2014</a></li> <li><a href="http://www.fma.govt.nz/#February222014">22 February 2014</a></li> <li><a href="http://www.fma.govt.nz/#February152014">15 February 2014</a></li> <li><a href="http://www.fma.govt.nz/#February82014">8 February 2014</a></li> <li><a href="http://www.fma.govt.nz/#February12014">1 February 2014</a></li> <li><a href="http://www.fma.govt.nz/#January262014">26 January 2014</a></li> <li><a href="http://www.fma.govt.nz/#January182014">18 January 2014</a></li> <li><a href="http://www.fma.govt.nz/#January112014">11 January 2014</a></li> <li><a href="http://www.fma.govt.nz/#January42014">4 January 2014</a></li> <li><a href="http://www.fma.govt.nz/#December212013">21 December 2013</a></li> <li><a href="http://www.fma.govt.nz/#December142013">14 December 2013</a></li> <li><a href="http://www.fma.govt.nz/#December72013">7 December 2013</a></li> <li><a href="http://www.fma.govt.nz/#December22013">2 December 2013</a></li> <li><a href="http://www.fma.govt.nz/#November232013">23 November 2013</a></li> <li><a href="http://www.fma.govt.nz/#November192013">19 November 2013</a></li> <li><a href="http://www.fma.govt.nz/#November92013">9 November 2013</a></li> <li><a href="http://www.fma.govt.nz/#November32013">3 November 2013</a></li> <li><a href="http://www.fma.govt.nz/#October262013">26 October 2013</a></li> <li><a href="http://www.fma.govt.nz/#October192013">19 October 2013</a></li> <li><a name="October142013"></a><a href="http://www.fma.govt.nz/#Oct142013">14 October 2013</a></li> <li><a href="http://www.fma.govt.nz/#October52013">5 October 2013</a></li> <li><a href="http://www.fma.govt.nz/#September212013">21 September 2013</a></li> <li><a href="http://www.fma.govt.nz/#September142013">14 September 2013</a></li> <li><a href="http://www.fma.govt.nz/#September72013">7 September 2013</a></li> <li><a href="http://www.fma.govt.nz/#August312013">31 August 2013</a></li> <li><a href="http://www.fma.govt.nz/#August172013">17 August 2013</a></li> <li><a href="http://www.fma.govt.nz/#August102013">10 August 2013</a></li> <li><a href="http://www.fma.govt.nz/#July272013">27 July 2013</a></li> <li><a href="http://www.fma.govt.nz/#July132013">13 July 2013</a></li> <li><a href="http://www.fma.govt.nz/#July62013">6 July 2013</a></li> <li><a href="http://www.fma.govt.nz/#June292013">29 June 2013</a></li> <li><a href="http://www.fma.govt.nz/#June92013">9 June 2013</a></li> <li><a href="http://www.fma.govt.nz/#June12013">1 June 2013</a></li> <li><a href="http://www.fma.govt.nz/#May252013">25 May 2013</a></li> <li><a href="http://www.fma.govt.nz/#March212013">21 May 2013</a></li> <li><a href="http://www.fma.govt.nz/#May112013">11 May 2013</a></li> <li><a href="http://www.fma.govt.nz/#May42013">4 May 2013</a></li> <li><a href="http://www.fma.govt.nz/#April272012">27 April 2013</a></li> <li><a href="http://www.fma.govt.nz/#April222013">22 April 2013</a></li> <li><a href="http://www.fma.govt.nz/#April132013">13 April 2013</a></li> <li><a href="http://www.fma.govt.nz/#April62013">6 April 2013</a></li> <li><a href="http://www.fma.govt.nz/#April12013">1 April 2013</a></li> <li><a href="http://www.fma.govt.nz/#23 March 2013">23 March 2013</a></li> <li><a href="http://www.fma.govt.nz/#16 March 2013">16 March 2013</a></li> <li><a href="http://www.fma.govt.nz/#9 March 2013">9 March 2013</a></li> <li><a href="http://www.fma.govt.nz/#2 March 2013">2 March 2013</a></li> <li><a href="http://www.fma.govt.nz/#23 February 2013">23 February 2013</a></li> <li><a href="http://www.fma.govt.nz/#11 February 2013">11 February 2013</a></li> <li><a href="http://www.fma.govt.nz/#2 February 2013">2 February 2013</a></li> <li><a href="http://www.fma.govt.nz/#1 February 2013">1 February 2013</a></li> <li><a href="http://www.fma.govt.nz/#26 January 2013">26 January 2013</a></li> <li><a href="http://www.fma.govt.nz/#19 January 2013">19 January 2013</a></li> <li><a href="http://www.fma.govt.nz/#12 January 2013">12 January 2013</a></li> <li><a href="http://www.fma.govt.nz/#7 January 2013">7 January 2013</a></li> <li><a href="http://www.fma.govt.nz/#22 December 2012">22 December 2012</a></li> <li><a href="http://www.fma.govt.nz/#15 December 2012">15 December 2012</a></li> <li><a href="http://www.fma.govt.nz/#8 December 2012">8 December 2012</a></li> <li><a href="http://www.fma.govt.nz/#3 December 2012">3 December 2012</a></li> <li><a href="http://www.fma.govt.nz/#24 November 2012">24 November 2012</a></li> <li><a href="http://www.fma.govt.nz/#17 November 2012">17 November 2012</a></li> <li><a href="http://www.fma.govt.nz/#12 November 2012">12 November 2012</a></li> <li><a href="http://www.fma.govt.nz/#4 November 2012">4 November 2012</a></li> <li><a href="http://www.fma.govt.nz/#27 October 2012">27 October 2012</a></li> <li><a href="http://www.fma.govt.nz/#20 October 2012">20 October 2012</a></li> <li><a href="http://www.fma.govt.nz/#13 October 2012">13 October 2012</a></li> <li><a href="http://www.fma.govt.nz/#6 October 2012">6 October 2012</a></li> <li><a href="http://www.fma.govt.nz/#1 October 2012">1 October 2012</a></li> <li><a href="http://www.fma.govt.nz/#22 September 2012">22 September 2012</a></li> <li><a href="http://www.fma.govt.nz/#10-Sep-12">10 September 2012</a></li> <li><a href="http://www.fma.govt.nz/#03-Sep-12">3 September</a></li> <li><a href="http://www.fma.govt.nz/#25 August 2012">25 August</a></li> <li><a href="http://www.fma.govt.nz/#11 August 2012">11 August</a></li> <li><a href="http://www.fma.govt.nz/#4 August 2012">4 August</a></li> <li><a href="http://www.fma.govt.nz/#28 July 2012">28 July</a></li> </ul> <table> <tbody> <tr> <td colspan="2"><a name="September202014"></a> <h2>20 September 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (21)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Boyd Clark Resource Capital Solutions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Boyd_Clark_Resource_Capital_Solutions/" target="_blank">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Boyd_Clark_Resource_Capital_Solutions/</a></td> </tr> <tr> <td>Posted by:</td> <td>British Columbia Securities Commission, British Columbia </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Euroasian Rail Skyway Systems Ltd </strong></td> </tr> <tr> <td>Posted by:</td> <td>Central Bank of the Republic of Lithuania, Lithuania </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Martin Kessler</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/foreign-warnings" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/foreign-warnings</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td>Comments:</td> <td>Clone of EEA authorised firm </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Genkai Securities </strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finanstilsynet.dk/en/Nyhedscenter/Pressemeddelelser/2014/Advarsel-Genkai-securities-190914.aspx" target="_blank">https://www.finanstilsynet.dk/en/Nyhedscenter/Pressemeddelelser/2014/Advarsel-Genkai-securities-190914.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark </td> </tr> <tr> <td>Comments:</td> <td>The Danish Financial Supervisory Authority has been informed that Genkai Securities unsolicited has offered to carry out financial services in Denmark. The company's address is Lippo Centre Tower 1, 89 Queensway, Admirality, Hong Kong. The company's homepage is <a href="http://www.genkai-securities.com/services.html">http://www.genkai-securities.com/services.html</a><br><br>Genkai Securities does not have authorisation from the Danish Financial Supervisory Authority in accordance with the Financial Business Act to carry out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial Supervisory Authority. </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hirsche Private Asset Management Ltd </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by: </td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>RevoFinanz AG </strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=460" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=460</a></td> </tr> <tr> <td>Posted by: </td> <td>Swiss Financial Market Supervisory Authority, Switzerland </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Watts Corporate Services LLC </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/news/warnings/watts-corporate-services-llc" target="_blank">http://www.fca.org.uk/news/warnings/watts-corporate-services-llc</a></td> </tr> <tr> <td>Posted by: </td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Cardell Limited  </strong></td> </tr> <tr> <td>Link: </td> <td><a href="http://www.sfc.hk/web/EN/alert-list/c.html#1289" target="_blank">http://www.sfc.hk/web/EN/alert-list/c.html#1289</a></td> </tr> <tr> <td>Posted by: </td> <td>Securities and Futures Commission, Hong Kong </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Swiss Financial Trust AG </strong></td> </tr> <tr> <td><span>Posted by:</span></td> <td>Swiss Financial Market Supervisory Authority, Switzerland </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hudson Coe &amp; Associates, LLC </strong></td> </tr> <tr> <td>Link: </td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>GRIFFIN ADVISORS LIMITED </strong></td> </tr> <tr> <td>Link: </td> <td><a href="http://www.fca.org.uk/news/warnings/griffin-advisors-limited" target="_blank">http://www.fca.org.uk/news/warnings/griffin-advisors-limited</a></td> </tr> <tr> <td>Posted by: </td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Commodities Link </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Rainbow Tours SA </strong></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Enovatis S.A. </strong></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Centrum Turystyczne Cadet s.c. </strong></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>MY-1STEP Sp. z o.o. </strong></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>INTELVITA Markets Limited </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fscmauritius.org/media/156060/investor_alert_-_intelvita.pdf" target="_blank">http://www.fscmauritius.org/media/156060/investor_alert_-_intelvita.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services Commission, Mauritius, Republic of </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>GE Shaw Management Group </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Brookmore Partners </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/news/warnings/brookmore-partners" target="_blank">http://www.fca.org.uk/news/warnings/brookmore-partners</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>TCL Associates </strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finanstilsynet.dk/en/Nyhedscenter/Pressemeddelelser/2014/Advarsel-TCL-Associates-150914.aspx" target="_blank">https://www.finanstilsynet.dk/en/Nyhedscenter/Pressemeddelelser/2014/Advarsel-TCL-Associates-150914.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark </td> </tr> <tr> <td>Comments:</td> <td>The Danish Financial Supervisory Authority has been informed that TCL Associates unsolicited has offered to carry out financial services in Denmark. The company's address is Taiyo Seimei Nihonbashi Building, 2-11-2, Nihonbashi, Chuo-ku, 103-0027 - Tokyo, Japan. <br>The company's homepage is <a href="http://www.tclassociates.com/">www.tclassociates.com</a> <br><br>TCL Associates does not have authorisation from the Danish Financial Supervisory Authority in accordance with the Financial Business Act to carry out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial Supervisory Authority. </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Drummonds Initiatives </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/news/warnings/drummonds-initiatives" target="_blank">http://www.fca.org.uk/news/warnings/drummonds-initiatives</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td colspan="2"> <h3>Deleted (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Brookmore Partners </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/news/warnings/brookmore-partners" target="_blank">http://www.fca.org.uk/news/warnings/brookmore-partners</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom </td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information </td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"><a name="September132014"></a> <h2>13 September 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (15)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Brookmore Partners</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/news/warnings/brookmore-partners" target="_blank">http://www.fca.org.uk/news/warnings/brookmore-partners</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Smith and Stanley Corporate Consultants</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/news/warnings/smith-and-stanley-corporate-consultants" target="_blank">http://www.fca.org.uk/news/warnings/smith-and-stanley-corporate-consultants</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Marks Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/marks-capital.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/marks-capital.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Pivotal Investment Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/pivotal-investment-group.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/pivotal-investment-group.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Euro Asia Invest Ltd.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/euro-asia-invest-ltd.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/euro-asia-invest-ltd.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Finanzinnovationen AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/finanzinnovationen-ag.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/finanzinnovationen-ag.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Williamson Advisors Ltd</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://williamsonadvisorsltd.com/services/mergers/" target="_blank">http://williamsonadvisorsltd.com/services/mergers/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bauer and Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Springer Asset Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/news/warnings/springer-asset-management" target="_blank">http://www.fca.org.uk/news/warnings/springer-asset-management</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Jacob Johnson Consultancy</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Carrington Group LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Fraser Mackenzie Transfer Company</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/f.html#1288" target="_blank">http://www.sfc.hk/web/EN/alert-list/f.html#1288</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Offshore Transfers Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/o.html#1287" target="_blank">http://www.sfc.hk/web/EN/alert-list/o.html#1287</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Endeavour Fund</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/e.html#1285" target="_blank">http://www.sfc.hk/web/EN/alert-list/e.html#1285</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Goldman Shaks (PVT) Ltd</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"><a name="September62014"></a> <h2>6 September 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (12)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Permanent Profit Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140903_permanent-profit.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140903_permanent-profit.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Permanent Profit Inc. is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Forex Barter Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140903_forex-barter-inc.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140903_forex-barter-inc.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Forex Barter Inc. is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Alimtiaz Gold Investment</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140903_alimtiaz-gold-investment.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140903_alimtiaz-gold-investment.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Alimtiaz Gold Investment doing business as Alimtiaz Gold Investment and Alimtiaz Gold Fund is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hexagon Capital Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.hexagoncapitalmanagement.com/" target="_blank">http://www.hexagoncapitalmanagement.com</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Green Seed Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>The Netherlands Authority for the Financial Markets, Netherlands, The</span></td> </tr> <tr> <td>Comments:</td> <td><span>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>James Doyle</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_James_Doyle_020914.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_James_Doyle_020914.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Gryf Bank SA</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Marcus KPO Services LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/news/warnings/marcus-kpo-services-llc" target="_blank">http://www.fca.org.uk/news/warnings/marcus-kpo-services-llc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Mitsubishi UFJ Financial Group Inc</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/news/warnings/mitsubishi-ufj-financial-group-inc-clone" target="_blank">http://www.fca.org.uk/news/warnings/mitsubishi-ufj-financial-group-inc-clone</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Stratford Private Equity PLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Parley Acquisition Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>United Tax Strategies</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="August312014"></a>31 August 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (13)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>iStock Capital</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=455" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=455</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Tradmaker</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=457" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=457</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>eGun Becker</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=456" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=456</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>HYAM GmbH</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=454" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=454</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Myers and Baker Associates</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Walters Capital Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/news/warnings/walters-capital-group" target="_blank">http://www.fca.org.uk/news/warnings/walters-capital-group</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>RSM &amp; RB Finance AL</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_RSM_RB_Finance_AL_070814_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_RSM_RB_Finance_AL_070814_EN.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>World Trade Consortium</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_World_Trade_Consortium_280814_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_World_Trade_Consortium_280814_EN.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>CAS Securities</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cassecurities.com/" target="_blank">http://www.cassecurities.com</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Swiss Asia Commodities Securities</strong></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Kids World Group Corporation</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.kidsworldgroup.com/" target="_blank">http://www.kidsworldgroup.com</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Capital Mergers and Acquisitions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>XP Markets - Tradmaker - Bank Of Market - Time Binary - Aston Markets / Aston Forex / Ebinaires - KD Markets and Tradaxa</strong></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services and Markets Authority, Belgium</td> </tr> <tr> <td>Comments:</td> <td>warning</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <p> </p> <table> <tbody> <tr> <td colspan="2"> <h2><a name="August232014"></a>23 August 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (9)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DEACON CORPORATE GROUP</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>KEE GLOBAL CORP</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hexagon Capital Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Fanrong Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Fanrong_Capital/" target="_blank">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Fanrong_Capital/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Murray &amp; Vincent Law Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Glacier Bay Capital LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><span><strong>Global Proprietary Traders Inc. o/a Global Prop Traders</strong></span></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140818_global-prop-traders.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140818_global-prop-traders.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Global Proprietary Traders Inc. o/a Global Prop Trader doing business as<a href="http://www.globalproptraders.com/">www.globalproptraders.com</a> and <a href="http://www.globalproptraders.ca/">www.globalproptraders.ca</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Global Markets OOD Sp. z o.o. Oddział w Polsce</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Finexten Transition – Finexten SICAV P.L.C.</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Malta Financial Services Authority, Malta</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="August162014"></a>16 August 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (6)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Futur Market </strong></td> </tr> <tr> <td>Link: </td> <td><a href="https://www.finma.ch/E/SANKTIONEN/UNBEWILLIGTE-INSTITUTE/Pages/details.aspx?orgid=450" target="_blank">https://www.finma.ch/E/SANKTIONEN/UNBEWILLIGTE-INSTITUTE/Pages/details.aspx?orgid=450</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Royal de Bank</strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=449" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=449</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Clifton Capital Partners LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Cliffhanger Capital KB</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Atlantic Mutual Int Ltd</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of FCA firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Unregistered On-line trading platforms / Plateformes de négociation en ligne non inscrites</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.lautorite.qc.ca/fr/communiques-2014-conso.html_2014_meg-plateformes-negociation.html" target="_blank">http://www.lautorite.qc.ca/fr/communiques-2014-conso.html_2014_meg-plateformes-negociation.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, Quebec</span></td> </tr> <tr> <td>Comments:</td> <td><span>The AMF is therefore providing investors with a list<br>of websites which are not authorized to offer such investment products and services.</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (2)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DCI Funds PLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of a FCA Registered Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>World Gold GmbH</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=422" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=422</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="August92014"></a>9 August 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (8)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Liquidateur</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.lautorite.qc.ca/fr/communiques-2014-corpo.html_2014_meg-usurpation-2014-08-07.html" target="_blank">http://www.lautorite.qc.ca/fr/communiques-2014-corpo.html_2014_meg-usurpation-2014-08-07.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, Quebec</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Citystate Consulting Co.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Citystate Consulting Co. is not authorised to provide<br>investment services in Ireland. The firm purports to be based in the USA.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Infinity 2 Global</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Infinity_2_Global/" target="_blank">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Infinity_2_Global/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Economists &amp; Lawyers</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Economists___Lawyers/" target="_blank">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Economists___Lawyers/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hunt Acquisition Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Hunt Acquisition Group is not authorised to provide investment services in Ireland. The firm purports to be based in Japan.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DCI Fund Managers Ireland PLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of FCA Registered Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Asian Futures Trading Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Asian Futures Trading Group is not authorised to<br>provide investment services in Ireland. The firm purports to be based in Hong<br>Kong.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DCI Funds PLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of a FCA Registered Firm</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="August22014"></a><a name="August42014"></a>2 August 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (7)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Capstone Alliance Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sc.com.my/list-of-unauthorised-websites-investment-products-companies-individuals/#c" target="_blank">http://www.sc.com.my/list-of-unauthorised-websites-investment-products-companies-individuals/#c</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities Commission, Malaysia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Green Seed Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finanstilsynet.dk/en/Nyhedscenter/Pressemeddelelser/2014/Advarsel-green-seed-capital-310714.aspx" target="_blank">https://www.finanstilsynet.dk/en/Nyhedscenter/Pressemeddelelser/2014/Advarsel-green-seed-capital-310714.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</span></td> </tr> <tr> <td>Comments:</td> <td> <p><span>The Danish Financial Supervisory Authority has been informed that Green Seed Capital unsolicited has offered to carry out financial services. The company's address is 1 Harbour View Street, Central, Hong Kong and the company's homepage is <a href="http://www.greenseedcapital.com/">www.greenseedcapital.com.</a></span></p> <p><span>Green Seed Capital does not have authorization from the Danish Financial<br>Supervisory Authority in accordance with the Financial Business Act to carry<br>out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial<br>Supervisory Authority.</span></p> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>IBC Capital Limited (IBCFX)</span></strong></td> </tr> <tr> <td> <p>Link:</p> </td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=ibcfx" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=ibcfx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Willow and Black</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Inter Global Equity - Herrington Global - Meta Capital Partners Ltd - Sigma Capital Advisors - Ridgewood Securities</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>OBmarkets - Good Option - Ubinary - Triumph Option - Bo Bank/Analysis Finance - BforBroker</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>NRG Capital (CY) Limited o/a NRG Binary</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140724_nrg.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140724_nrg.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>NRG Capital (CY) Limited doing business as <a href="http://www.nrgbinary.com/">www.nrgbinary.com</a> and<a href="http://www.nrgaffiliates.com/">www.nrgaffiliates.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (3)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>One Vector Group Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=439" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=439</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Altree Financial Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/a.html#1102" target="_blank">http://www.sfc.hk/web/EN/alert-list/a.html#1102</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Securities Africa</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1101" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1101</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="July262014"></a>26 July 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (11)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Alternative Bridging Corporation</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of FCA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>UFX Trade Limited o/a UFX Markets</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140722_ufx.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140722_ufx.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>UFX Trade Limited doing business as <a href="http://www.ufxmarkets.com/">www.ufxmarkets.com</a>, <a href="http://www.ufxaffiliates.com/">www.ufxaffiliates.com</a>, <a href="http://www.ufxpartners.com/">www.ufxpartners.com</a>, and affiliates of<br>UFX are not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Lefroy Hudson</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Lefroy%20Hudson" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Lefroy%20Hudson</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Infinite Investment Wójcik i Wspólnicy Sp. k. (now: W<br>&amp; Associates J. Wójcik Sp. k.)</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Simple Assets TFI SA</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Thüngen Financial</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Thüngen Financial is not authorised to provide investment services in Ireland. The firm purports to be based in Luxembourg.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>EuroSwiss Capital Partners</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=446" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=446</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Toth Vermögensverwaltung AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/toth-vermoegensverwaltung-ag.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/toth-vermoegensverwaltung-ag.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Futurmarket / Royal de Bank</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_Royal_de_Bank_Futurmarket_210714_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_Royal_de_Bank_Futurmarket_210714_EN.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier,<br>Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="July192014"></a>19 July 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (4)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Matheson Wang Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hopler Global Investment Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx?PagingID=7" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx?PagingID=7</a></td> </tr> <tr> <td>Posted by:</td> <td>Central Bank of Ireland, Ireland</td> </tr> <tr> <td>Comments:</td> <td>Hopler Global Investment Group is not authorised to provide investment services in Ireland. The firm purports to be based in Hong Kong.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Maplex Alliance Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140711_maple-alliance-limited.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140711_maple-alliance-limited.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>Maplex Alliance Limited doing business as <a href="http://www.maplexalliance.webs.com/">www.maplexalliance.webs.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Thüngen Financial</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_Thuengen_Financial_140714.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_Thuengen_Financial_140714.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <p> </p> <table> <tbody> <tr> <td colspan="2"> <h2><a name="July122014"></a>12 July 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (9)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Clarion Equity Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clarion Equity Management is not authorised to provide investment services in Ireland. The firm purports to be based in Japan.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Springer Asset Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Brock Hartwick</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Brock Hartwick is not authorised to provide investment services in Ireland. The firm purports to be based in the UK.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>European Financial Markets Gmbh</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=european%20financial%20markets" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=european%20financial%20markets</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Worth UK Limited - Venetfx</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=worth%20uk%20limited" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=worth%20uk%20limited</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>LK Advisors</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of FCA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>USG Holdings Ltd / United Securities Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/u.html#1274" target="_blank">http://www.sfc.hk/web/EN/alert-list/u.html#1274</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://www.bgcmarkets.net/">www.bgcmarkets.net</a> / <a href="http://www.bgcmarkets.org/">www.bgcmarkets.org</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1273" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1273</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Avatar Finance Corporation</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140703_avatar-finance-corp.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140703_avatar-finance-corp.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Avatar Finance Corporation, a subsidiary of Avatar Finance Group, doing business <a href="http://www.avatarfinancegroup.com/">www.avatarfinancegroup.com</a><br>is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.<br></span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="July62014"></a>6 July 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (11)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>OptionRally Financial Services Ltd. dba OptionRally</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/OptionRally_Financial_Services_Ltd__dba_OptionRally/" target="_blank">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/OptionRally_Financial_Services_Ltd__dba_OptionRally/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Update websites offering binary options trading</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?langSwitch=true&amp;docId=workspace%3A%2F%2FSpacesStore%2F4091a7bd-cba2-4d8a-aba1-4d3d461979d4" target="_blank">http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?langSwitch=true&amp;docId=workspace%3A%2F%2FSpacesStore%2F4091a7bd-cba2-4d8a-aba1-4d3d461979d4</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Update of the list of unauthorised websites offering trading in binary options.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hargreave Hale</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of FCA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Asiatic Associates / Asiatic Acquisitions</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Eagle Commerce Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Lansley Everett and Moore LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms" target="_blank">http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Usurpation of AMF identity</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F36ef8a46-4982-4480-9301-245c092c95d2" target="_blank">http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F36ef8a46-4982-4480-9301-245c092c95d2</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Concerns activities of persons claiming to work for the AMF France</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Rimas Risk Management Service</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms" target="_blank">http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>clone of EEA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><span><strong>Knightsbridge Management International Asset Management</strong></span></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms" target="_blank">http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>clone of EEA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Aries Ventures Inc</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Altivex Limited, ATM Holdings Limited, Blackrock Investments Limited, Brainerd Properties Limited, Decorcraft Limited, Eufala Investments Limited, First Lexington Holdings Limited, Saginaw Ventures Limited, Targaryen Holdings Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fsc.gi/enforcement/fscwarning0053.htm" target="_blank">http://www.fsc.gi/enforcement/fscwarning0053.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services Commission, Gibraltar</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="June302014"></a>30 June 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (11)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>World Mazo Inc (Mymazo)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>LifeClub International S.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Stealth Takeovers</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Stealth Takeovers is not authorised to provide investment services in Ireland. The firm purports to be based in the USA.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Connor Simmons Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Connor Simmons Group is not authorised to provide<br>investment services in Ireland. The firm purports to be based in the USA.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Pika Management AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=445" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=445</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Helvetic Capital Partners AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=444" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=444</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Swiss Fund Monitoring Verification Commission Agency</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=443" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=443</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Gresham Street Partners</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=442" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=442</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Mallon Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=441" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=441</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>FIT Panama, Inc. and FIT Forex Investment Team AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/215-informacion-del-mercado/varios-alertas-al-inversionista/4829-warning-non-authorized-entities-fit-panama-inc-and-fit-forex-investment-team-ag" target="_blank">http://www.supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/215-informacion-del-mercado/varios-alertas-al-inversionista/4829-warning-non-authorized-entities-fit-panama-inc-and-fit-forex-investment-team-ag</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Superintendencia del Mercado de Valores, Panama,<br>Republic of</span></td> </tr> <tr> <td>Comments:</td> <td><span>Company not registered</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Sierra Finance Asset Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>LifeClub International S.A and World Mazo Inc/Mymazo</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="June212014"></a>21 June 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (8)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Update unauthorised websites offering binary options</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F5751fc04-1906-433e-b422-679ec847bbc5" target="_blank">http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F5751fc04-1906-433e-b422-679ec847bbc5</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Update of the list of unauthorised websites offering<br>binary options.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Forex Broker Inc. or Noble Services, Forex Club or Forex Club International Limited, Velarda Forex, Velarda Markets or Velarda and NDD Broker</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Malta Financial Services Authority, Malta</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Stellar Worldwide LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/s/stellar-worldwide-llc" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/s/stellar-worldwide-llc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission, Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Sky Forex Broker</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Sky_Forex_Broker/" target="_blank">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Sky_Forex_Broker/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><span><strong>Conglomerado de Servicios Múltiples Financieros ARKO S.A. de C.V.</strong></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional Bancaria y de Valores, Mexico</span></td> </tr> <tr> <td>Comments:</td> <td><span>Some people are impersonating the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores - CNBV) of Mexico, and are asking natural and legal persons located outside Mexico to transfer funds to a banking account in Mexico under the name of Conglomerado de Servicios Múltiples Financieros ARKO S.A. de C.V. They are also using a fake e-mail purportedly from the CNBV (<a href="mailto:atencionaclientes@mx-cnbv-mx.com">atencionaclientes@mx-cnbv-mx.com</a>), and the following phone number: 011-52-55-4624-2413. The CNBV alerts people on this issue. In case of any doubt, please contact the CNBV directly at +52(55)<br>1454-6020 or by e-mail at <a href="mailto:jloyola@cnbv.gob.mx">jloyola@cnbv.gob.mx</a></span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hewlett Partners Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>IPAM International Project Asset Management Ltd</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=440" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=440</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>One Vector Group Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=439" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=439</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="June142014"></a>14 June 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (16)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Perkins Investment Group Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Perkins_Investment_Group_Inc_/" target="_blank">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Perkins_Investment_Group_Inc_/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><span><strong>WM Bormla, WM Bormla Limited, WM Bormla Bank Limited and WM Bormla PLC</strong></span></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.wmbormla.eu/secure/" target="_blank">http://www.wmbormla.eu/secure/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Malta Financial Services Authority, Malta</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CMBS Portfolio</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Elliott Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CHANGSHENG ASSOCIATES/GENKAI SECURITIES</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>D B Ingram and Associates LLP</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Seth Cohen LLP</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>PL Securities</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>The Corliss Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=The%20Corliss%20Group" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=The%20Corliss%20Group</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Gestión, Productos y Bolsa, SL (Gesprobolsa)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=gestion,%20productos%20y%20Bolsa" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=gestion,%20productos%20y%20Bolsa</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Delorean Family, SL</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Delorean%20Family" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Delorean%20Family</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BTC International Global Markets, SL</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=BTC%20International%20Global%20Markets" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=BTC%20International%20Global%20Markets</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>SMAX - Stock Market for Unlisted Shares och PostTellus AX</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>InvestDiamond</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F9595985a-db29-4845-914b-a8897ca8c4f8" target="_blank">http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F9595985a-db29-4845-914b-a8897ca8c4f8</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Warning denouncing the use of the AMF's name in a<br>press release on the Invest Diamond website.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>InstaForex Company doing business as <a href="http://www.instaforex.com/">www.instaforex.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140609_instaforex-company.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140609_instaforex-company.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>InstaForex Company, a subsidiary of InstaForex Companies Group, doing business as<a href="http://www.instaforex.com/">www.instaforex.com</a> is not registered to engage in the business of (i) trading in securities or<br>(ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Uinvest LLC</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Zurich Private Capital HQ</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=394" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=394</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="June72014"></a>7 June 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (8)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Daido Holdings Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-buitenland/d.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-buitenland/d.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>The Netherlands Authority for the Financial Markets, Netherlands, The</span></td> </tr> <tr> <td>Comments:</td> <td><span>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>TJB Trading</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_TJB_Trading_050614.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_TJB_Trading_050614.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Global Settlements Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Global_Settlements_Group/" target="_blank">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Global_Settlements_Group/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Ava Trade Limited doing business as <a href="http://www.avatrade.com/">www.avatrade.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140604_ava-trade-limited.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140604_ava-trade-limited.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Ava Trade Limited doing business as <a href="http://www.avatrade.com/">www.avatrade.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Keswick Capital Corp.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Keswick_Capital_Corp_/" target="_blank">http://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/Keswick_Capital_Corp_/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>American First City Corporation</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Brock Hartwick</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><span><strong>Taxwise Consultants and Financial Compensation Authority</strong></span></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="May262014"></a>26 May 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (14)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>ADVICE Lukasz Golawski</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Lukas Kantor Securities</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of EEA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Scott Thomas Wealth Advisory</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>update - unauthorised websites offering binary options</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F2a95b838-06a1-41cd-8cd3-1c66a88bcdb5" target="_blank">http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F2a95b838-06a1-41cd-8cd3-1c66a88bcdb5</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Update regarding unauthorised websites offering binary<br>options</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Update unauthorised entities and websites offering<br>Forex</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F8b91c565-8f9f-45c4-9241-a0d4b51221e7" target="_blank">http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee_2014.html?docId=workspace%3A%2F%2FSpacesStore%2F8b91c565-8f9f-45c4-9241-a0d4b51221e7</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td> </td> <td><span>Update of previous warnings regarding unauthorised<br>entities and websites offering forex</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hartford Group International</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CP Brokers</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of EEA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Aris UK Advisory</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of EEA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>TradeQuicker</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=19680" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=19680</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Stocks Trading One Spain, SL</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=stocks%20trading%20one" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=stocks%20trading%20one</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://www.comisionesbroker.net/">www.comisionesbroker.net</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=www.comisionesbroker" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=www.comisionesbroker</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>HPC Forex Trading</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=hpc%20forex" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=hpc%20forex</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td>Comments:</td> <td> <p><span>HPC Forex Trading has no association whatsoever with the following French Company which is duly registered and authorised to provide investment services:</span></p> <p><span>HPC (22, Rue des Capucines; 75002 Paris) (Num at CNMV 353)</span></p> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hucaro Gestión Financiera y Desarrollo Patrimonial, SL</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=hucaro%20gestion" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=hucaro%20gestion</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>GT Serv Corp</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=438" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=438</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>EZ Trader</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="may222014"></a>22 May 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Aurum International Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.auruminternationalmngt.com/">http://www.auruminternationalmngt.com/</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities &amp; Investments Commission, Australia.</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="May172014"></a>17 May 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (8)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Caltherm Co. Private Equity LLC / American Committee<br>of Regulation and Liquidation on Private Ventures</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Mallon Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=437" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=437</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>FSM Polska Sp. z o.o.</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Uslugi Handlowe PI Piotr Pisarek</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Asian Futures Trading Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/a.html#1263" target="_blank">http://www.sfc.hk/web/EN/alert-list/a.html#1263</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Global GECR</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BNY Mellon Wealth Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>(Clone of brand name or trading style of UK FCA<br>Authorised entities)</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Baron Group Ltd</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="May102014"></a>10 May 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (7)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>VaultOptions Ltd. doing business as <a href="http://www.vaultoptions.com/">www.vaultoptions.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140509_vaultoptions.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140509_vaultoptions.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>VaultOptions Ltd. doing business as <a href="http://www.vaultoptions.com/">www.vaultoptions.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CO.NET</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Karatbars International GmbH</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=19634" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=19634</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Forex Live Fx</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fscmauritius.org/media/133343/investor_alert-forex_live.pdf" target="_blank">http://www.fscmauritius.org/media/133343/investor_alert-forex_live.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services Commission, Mauritius, Republic of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hatfield Oak International S.A., Lochmaden S.A/Nuf and<br>Brant Point Management S.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>LFG Investment Limited doing business as <a href="http://www.optionrally.com/">www.optionrally.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140502_lfg-investment-ltd.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140502_lfg-investment-ltd.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>LFG Investment Limited doing business as <a href="http://www.optionrally.com/">www.optionrally.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>OptionRally Financial Services Ltd. doing business as <a href="http://www.optionrally.com/">www.optionrally.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140502_optionrally.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140502_optionrally.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>OptionRally Financial Services Ltd. doing business as <a href="http://www.optionrally.com/">www.optionrally.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="May32014"></a>3 May 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (16)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DeltaFins Investments Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=435" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=435</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Goldman Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=434" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=434</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Private Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=433" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=433</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>AXA Investment Managers</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of FCA Authorised Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Stensland Pensjon og Finans ANS</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnb.cz/en/consumer/consumer_protection/notices/notice_stensland_pensjon_og_finans_ans.html" target="_blank">http://www.cnb.cz/en/consumer/consumer_protection/notices/notice_stensland_pensjon_og_finans_ans.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Czech National Bank, Czech Republic</span></td> </tr> <tr> <td>Comments:</td> <td><span>The Czech National Bank wishes to point out that the Norwegian company Stensland Pensjon og Finans ANS, which is offering the possibility of increasing the value of money either by depositing it on a saving account or investing in a mutual fund in Czech via its website <a href="http://www.stensland.cz/">http://www.stensland.cz</a> , is not supervised either by the Czech National Bank or the relevant Norwegian supervisory authority Finanstilsynet and has no authorisation to provide investment or any other services on the financial market in the Czech Republic. A potential<br>investment is not insured by law.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Pluscapital Forex, S.L. (Pluscapital FX)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Pluscapital%20Forex" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Pluscapital%20Forex</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Brunswick Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Brunswick" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Brunswick</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Mercxyz One Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=mercxyz" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=mercxyz</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Comisión Nacional del Mercado de Valores, Spain</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Niigata Global</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finanstilsynet.dk/en/Nyhedscenter/Pressemeddelelser/2014/Advarsel-mod-Niigata-Global-2014.aspx" target="_blank">https://www.finanstilsynet.dk/en/Nyhedscenter/Pressemeddelelser/2014/Advarsel-mod-Niigata-Global-2014.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</span></td> </tr> <tr> <td>Comments:</td> <td><span>The Danish Financial Supervisory Authority has been informed that Niigata Global unsolicited has offered to carry out financial services in Denmark. The company's address is 16th Fl., Sapia Tower 7-12, Marunouchi 1-chome, Chiyoda-ku, 100-0005 Tokyo, Japan. The company's homepage is <a href="http://niigataglobal.com/">http://niigataglobal.com/</a> <br><br>Niigata Global does not have authorisation from the Danish Financial Supervisory Authority in accordance with the Financial Business Act to carry out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial Supervisory Authority.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Mercxyz One Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/Pages/details.aspx?orgid=432" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/Pages/details.aspx?orgid=432</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>KMI Consultants</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/Pages/details.aspx?orgid=430" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/Pages/details.aspx?orgid=430</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Dupont Securities</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=431" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=431</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Liberty Stone Financial</span></strong></td> </tr> <tr> <td>Link:</td> <td><span>Financial Supervisory Commission, Chinese Taipei</span></td> </tr> <tr> <td>Posted by:</td> <td> <p><span>Liberty Stone Financial claims to be a portfolio management firm with offices at No. 460 Xin Ji Road Section 4, Xinyi, Taipei, Taiwan. Our records show that Liberty Stone Financial does neither have a license in Taiwan to conduct securities businesses nor have an authorization to offer investment services. Besides, Liberty Stone Financial has not legally registered under the address mentioned above (No. 460 Xin Ji Road Section 4,<br>Xinyi, Taipei, Taiwan).</span></p> <p><span>The FSC thus advises the investors against responding to any offers of investment services made in the name of Liberty Stone Financial and against transferring money to any account number they might mention.</span></p> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Furlow Capital</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Supervisory Commission, Chinese Taipei</span></td> </tr> <tr> <td>Comments:</td> <td><span>Furlow Capital claims to be an offshore asset management firm with offices at No. 460 Xin Ji Road Section 4, Xinyi, Taipei, Taiwan. Our records show that Furlow Capital does neither have a license in Taiwan to conduct securities businesses nor have an authorization to offer investment services. Besides, Furlow Capital has not legally registered under the address mentioned above (No. 460 Xin Ji Road Section 4, Xinyi, Taipei, Taiwan).<br><br>The FSC thus advises the investors against responding to any offers of investment services made in the name of Furlow Capital and against transferring money to any account number they might mention.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Blue Tax Group S.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Wallis Partridge LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.bcsc.bc.ca/cautionperson.aspx?id=19556" target="_blank">https://www.bcsc.bc.ca/cautionperson.aspx?id=19556</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="April262014"></a>26 April 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (5)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>ING BANK N.V. (clone of EEA authorised firm)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>clone of EEA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Zagreb Commerce Bank Switzerland</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=428" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=428</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Wilkins Capital Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Wilkins Capital Group is not authorised to provide<br>investment services in Ireland. The firm purports to be based in the USA.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BNY Mellon Wealth Management (clone of authorised firm)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Capital Hill Group</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="April192014"></a>19 April 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3><strong>Added (15)</strong></h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Davis Ward &amp; Beck Partners LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport. </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Century Direct Group Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td><span>The Netherlands Authority for the Financial Markets,<br>Netherlands, The</span></td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport. </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Lansley Everett and Moore LLC </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td><span>The Netherlands Authority for the Financial Markets,<br>Netherlands, The</span></td> </tr> <tr> <td>Comments: </td> <td><span>The warning list “boiler rooms” contains the names of<br>companies that have approached persons without being asked, to offer them<br>investment proposals. The AFM has established that the companies that are<br>included in this warning list do not have an AFM license or a European<br>Passport.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>TJB Trading</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-buitenland/t.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-buitenland/t.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>The Netherlands Authority for the Financial Markets,<br>Netherlands, The</span></td> </tr> <tr> <td>Comments:</td> <td><span>The warning list “boiler rooms” contains the names of<br>companies that have approached persons without being asked, to offer them<br>investment proposals. The AFM has established that the companies that are<br>included in this warning list do not have an AFM license or a European<br>Passport.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Asian Futures Trading Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Universal Finance Bank</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Clearskies Group Ltd, Neltom Ltd and GF Trades</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Ashland Mergers &amp; Acquisitions Management and Management and Offshore Securities Acquisition Commission</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Advantage Asset Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/a.html#1258" target="_blank">http://www.sfc.hk/web/EN/alert-list/a.html#1258</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Thomas Greene &amp; Partners</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/t.html#1257" target="_blank">http://www.sfc.hk/web/EN/alert-list/t.html#1257</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>LSE Wealth Management Inc</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Morris Capital Partners</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Next Venture Management</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=427" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=427</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>TJB Trading</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BFXOption</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <p> </p> <table> <tbody> <tr> <td colspan="2"> <h2><a name="April122014"></a>12 April 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (13)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Lloyds International S.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=19484" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=19484</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Baltic Bank/Baltic Trust Bank KB/Baltic Trust KB</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>SVS Securities</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone FCA Authorised Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Edward Evans</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>ONTIMA Sp. z o.o.</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>MyPaid Sp. z o.o.</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BlackRock Offshore Bullion Investment Fund</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>(Non-existent Fund falsely purporting to be from an<br>FCA Authorised Firm)</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>FXDealer, FX Dealer, FX Direct Dealer or Fxdealer.us and Sky Forex or Sky Forex Europe</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fxdealer.us/%20and%20http:/www.skyforex.org.uk/" target="_blank">http://www.fxdealer.us/ and http://www.skyforex.org.uk/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Malta Financial Services Authority, Malta</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Stanford Crown Partners</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Alternative Markets</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=426" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=426</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>World Trade Consortium</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/world-trade-consortium.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/world-trade-consortium.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bronte Financial</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/bronte-financial.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/bronte-financial.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://www.cantormarketstrade.com/">www.cantormarketstrade.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1254" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1254</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="April52014"></a>5 April 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (14)</h3> </td> </tr> <tr> <td><strong><span>Company:</span></strong></td> <td><strong>Kingston Financial Group</strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Falsely claims to be FSA / FCA authorised</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Rodeler Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140403_rodeler-limited.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140403_rodeler-limited.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Rodeler Limited doing business as 24option.com, 24fx.com, zoneoptions.com, grandoption.com and binaryoption-affiliate.com is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Alliance Capital Securities</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Forex Options Trading Clearing</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140401_forex-options.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140401_forex-options.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Forex Options Trading Clearing doing business as<br>forexoptionstraderplatform.com, mylloydstrader.com and mynctrading.com is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Delta Clearing Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140401_delta-clearing.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140401_delta-clearing.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Delta Clearing Inc. is not registered to engage in the<br>business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Lloyds International, S. A.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140401_lloyds-international.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140401_lloyds-international.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Lloyds International, S. A. doing business as <a href="http://lloydsint.com/">http://lloydsint.com</a> and mylloydtrading.com is not registered to engage in the business of (i) trading in securities or (ii)<br>advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>HR Investment Group (a.k.a. High Returns Investment<br>Group)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=19458" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=19458</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CFS PLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Falsely claims to be FCA authorised</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>RBC Wealth Management / Royal Bank of Canada Wealth Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of trading style of UK FCA Authorised and affiliated Genuine Firms</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Furlow Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/f.html#1253" target="_blank">http://www.sfc.hk/web/EN/alert-list/f.html#1253</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Asian Acquisition Oversight Commitee</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Universe Citizen Limited (trading as FXCitizen)</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/u.html#1252" target="_blank">http://www.sfc.hk/web/EN/alert-list/u.html#1252</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>The Woo Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/t.html#1251" target="_blank">http://www.sfc.hk/web/EN/alert-list/t.html#1251</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>DECLERCK - IZURO - DC - DCMI-U - ERMIS</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fsma.be/en/Consumers/press/Article/press/warnfsma/2014/2014-03-26_guydeclerckizurodcdcmiuermis.aspx" target="_blank">http://www.fsma.be/en/Consumers/press/Article/press/warnfsma/2014/2014-03-26_guydeclerckizurodcdcmiuermis.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td colspan="2"> <h3><span>Deleted (2)</span></h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CFS PLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Card &amp; Cash Solutions GmbH</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=408" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=408</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="March312014"></a>31 March 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (8)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Walters Capital Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>Central Bank of Ireland, Ireland</td> </tr> <tr> <td>Comments:</td> <td>Walters Capital Group is not authorised to provide investment services in Ireland. The firm purports to be based in USA.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>TJB trading</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=425" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=425</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>CFS PLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Morris &amp; Dazz Asset Evaluators Ltd.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Blue Ribbon Financial</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Ashland Mergers &amp; Acquisitions Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>Central Bank of Ireland, Ireland</td> </tr> <tr> <td>Comments:</td> <td>Ashland Mergers &amp; Acquisitions Management is not authorised to provide investment services in Ireland. The firm purports to be based in Japan.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Vantage Capital Research</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/v.html#1249" target="_blank">http://www.sfc.hk/web/EN/alert-list/v.html#1249</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Herrington Global</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1247" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1247</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <p> </p> <table> <tbody> <tr> <td colspan="2"> <h2><a name="March222014"></a>22 March 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (19)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Ko Sin Corporation Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/k.html#1246" target="_blank">http://www.sfc.hk/web/EN/alert-list/k.html#1246</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Karatbars</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_alert-karatbars.html" target="_blank">http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_alert-karatbars.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Autorité des marchés financiers, Quebec</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Capital Strategies SA</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=424" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=424</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Wealth Planning Solutions Europe</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Clone of an EEA authorised firm</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Devonshire Holdings</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Clone of FCA registered firm</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Southstar Holdings Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1245" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1245</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Southstar Asset Management Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1243" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1243</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Southstar (Asia) Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1242" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1242</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>LSE Acquisitions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/l.html#1240" target="_blank">http://www.sfc.hk/web/EN/alert-list/l.html#1240</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>FIndex9.com Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/f.html#1237" target="_blank">http://www.sfc.hk/web/EN/alert-list/f.html#1237</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>IGK Broker Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/i.html#1236" target="_blank">http://www.sfc.hk/web/EN/alert-list/i.html#1236</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><a href="http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_warning-high-yield-investment-programs19-03-2014-09-0.html" target="_blank">http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_warning-high-yield-investment-programs19-03-2014-09-0.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Autorité des marchés financiers, Quebec</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Global Intermediate Finance / The GIF Group / The GIF Group Zurich</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Pyramid scheme investment offers</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F476a38f2-a7c9-4e64-b0e6-af22f6adadb9" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F476a38f2-a7c9-4e64-b0e6-af22f6adadb9</a></td> </tr> <tr> <td>Posted by:</td> <td>Autorité des marchés financiers, France</td> </tr> <tr> <td>Comments:</td> <td>Warning against pyramid scheme investment offers</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>RBOptions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140318_rboptions.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140318_rboptions.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>RBOptions doing business as <a href="http://www.rboptions.com/">www.rboptions.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hartford Group International</strong></td> </tr> <tr> <td>Posted by:</td> <td>Financial Supervisory Commission, Chinese Taipei</td> </tr> <tr> <td>Comments:</td> <td>Hartford Group International claims to be a brokerage firm with offices at 16 F No. 89 Songren Road, Taipei Xinyi District, Taipei, Taiwan. Our records show that Hartford Group International does neither have a license in Chinese Taipei to conduct securities firm business nor have an authorization to offer investment services. Besides, Hartford Group International has not legally registered under the address mentioned above (16 F No. 89 Songren Road, Taipei Xinyi District, Taipei).<br><br>The FSC thus advises the investors against responding to any offers of investment services made in the name of Hartford Group International and against transferring money to any account number they might mention.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Frontiers Group Global Investment or Frontiers Group Investment Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://frontierforex.com/" target="_blank">http://frontierforex.com/</a></td> </tr> <tr> <td>Posted by:</td> <td>Malta Financial Services Authority, Malta</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>EZ Trader</strong></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services and Markets Authority, Belgium</td> </tr> <tr> <td>Coments:</td> <td>warning</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>BlackRock Fund Managers Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Clone of an FCA Authorised Firm</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <p> </p> <table> <tbody> <tr> <td colspan="2"> <h2><a name="March152014"></a>15 March 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (26)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Lin Warwick</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Herrington Global / Shenzhen Commodity Exchange</strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Wealth Builder FX Group Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1235" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1235</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>HKOTC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1234" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1234</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>WBlake</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_WBlake_120314_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_WBlake_120314_EN.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Financial Conduct Authority</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of an FCA Authorised UCITS Fund</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>KTC Capital Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sc.com.my/list-of-unauthorised-websites-investment-products-companies-individuals/#k" target="_blank">http://www.sc.com.my/list-of-unauthorised-websites-investment-products-companies-individuals/#k</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities Commission, Malaysia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hong Kong Global Exchange Co. Ltd.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1233" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1233</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>TREBOL TRADING LLC</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>WCM777</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_alert-wcm777.html" target="_blank">http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_alert-wcm777.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, Quebec</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Token Financial</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments: </td> <td><span>Token Financial is not authorised to provide investment services in Ireland. The firm purports to be based in the USA.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>TL Mallen, LLC.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Wentworth Worldwide Ltd.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=423" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=423</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><span><strong>FxGcmi, Global Capital Markets FX LLC or Global Capital Markets FX Ltd</strong></span></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fxgcmi.com/" target="_blank">http://www.fxgcmi.com/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Malta Financial Services Authority, Malta</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Investment Assurance Corporation</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>China International Capital Corporation Limited (CICC)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom </span> </td> </tr> <tr> <td>Comments:</td> <td><span>Clone of the parent company of an FCA Authorised Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Doyle Hutton Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/d.html#1231" target="_blank">http://www.sfc.hk/web/EN/alert-list/d.html#1231</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Armada Markets AS</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Knox Securities Corp</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>The Corliss Group</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>World Gold GmbH</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=422" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=422</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Spencer and Richardson Financial</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>HZ Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_HZ_Capital_280214_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_HZ_Capital_280214_EN.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Brevan Howard Asset Management Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/b.html#1228" target="_blank">http://www.sfc.hk/web/EN/alert-list/b.html#1228</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Triumph Financial Advisors Inc.</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=421" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=421</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>The Platinum Capital Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/t.html#1227" target="_blank">http://www.sfc.hk/web/EN/alert-list/t.html#1227</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>China Interntational Corporation Capital Limited (CICC)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of the parent company of an FCA Authorised Firm</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="March12014"></a>1 March 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (19)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Toyo Securities</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of Parent Company of Former FCA Authorised Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Marklin Investment Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=19202" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=19202</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hoover Bright Independent Finance Advisory</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Global Brokers Asia</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>The Netherlands Authority for the Financial Markets, Netherlands, The</span></td> </tr> <tr> <td>Comments:</td> <td><span>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hoover Bright Independent Finance Advisory</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>The Netherlands Authority for the Financial Markets, Netherlands, The</span></td> </tr> <tr> <td>Comments:</td> <td><span>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European<br>Passport.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>SMO Fitzgerald Global</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>China Interntational Corporation Capital Limited (CICC)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of the parent company of an FCA Authorised Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DFM Asset Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.dfsa.dk/Nyhedscenter/Pressemeddelelser/2014/Advarsel-mod-DMF-Asse-Management.aspx?sc_lang=en" target="_blank">http://www.dfsa.dk/Nyhedscenter/Pressemeddelelser/2014/Advarsel-mod-DMF-Asse-Management.aspx?sc_lang=en</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</span></td> </tr> <tr> <td>Comments:</td> <td><span>The Danish Financial Supervisory Authority has been informed that DFM Asset Management unsolicited has offered to carry out financial services in Denmark. The company's address is 1 Robinson road; Singapore 039190. The company's homepage is <a href="http://www.dfmasset.com/">http://www.dfmasset.com/</a><br><br>DFM Asset Management does not have authorisation from the Danish Financial<br>Supervisory Authority in accordance with the Financial Business Act to carry<br>out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial<br>Supervisory Authority.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Abney Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finanstilsynet.dk/Nyhedscenter/Pressemeddelelser/2014/Advarsel-mod-Abney-associates.aspx?sc_lang=en" target="_blank">http://www.finanstilsynet.dk/Nyhedscenter/Pressemeddelelser/2014/Advarsel-mod-Abney-associates.aspx?sc_lang=en</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</span></td> </tr> <tr> <td>Comments:</td> <td><span>The Danish Financial Supervisory Authority has been informed that Abney Associates unsolicited has offered to carry out financial services in Denmark. The company's address is 49/F Hopewell Centre, 183 Queen’s Road East, Hong Kong. The company's homepage is <a href="http://abneyassociates.com/">http://abneyassociates.com/</a><br><br>Abney Associates does not have authorisation from the Danish Financial<br>Supervisory Authority in accordance with the Financial Business Act to carry<br>out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial<br>Supervisory Authority.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Trust Fund.pl</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>ADESA sp. z o.o.</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Capital Action Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/c.html#1226" target="_blank">http://www.sfc.hk/web/EN/alert-list/c.html#1226</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Mondiaen Banker</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_MondiaenBanker_210214_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_MondiaenBanker_210214_EN.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Forex</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.lautorite.qc.ca/fr/communiques-2014-corpo.html_2014_meg-marche-devises.html" target="_blank">http://www.lautorite.qc.ca/fr/communiques-2014-corpo.html_2014_meg-marche-devises.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, Quebec</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Update - websites offering binary options</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F65454d61-09d1-4269-a923-c7175cb1539a" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F65454d61-09d1-4269-a923-c7175cb1539a</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Update of previous warnings regarding unauthorised websites offering binary options</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Private Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2Fc0d279fb-c07d-4c95-946e-88cfcc900a0e" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2Fc0d279fb-c07d-4c95-946e-88cfcc900a0e</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Warning regarding Private Capital</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Triple A Consulting</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/triple-a-consulting.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/triple-a-consulting.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Fanrong Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/fanrong-capital.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/fanrong-capital.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Affluential Group Corp.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_caution-affluential-group-corp.html" target="_blank">http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_caution-affluential-group-corp.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, Quebec</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="February222014"></a>22 February 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (14)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>PRESTIGE BANQ</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Goldenschild Asset Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=420" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=420</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Adlisberg Financial Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=419" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=419</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CNB Acquisitions Inc</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>ABFX Ltd or ABFX Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.alphabetafx.com/" target="_blank">http://www.alphabetafx.com/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Malta Financial Services Authority, Malta</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Frost Capital Partners</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/frost-capital-partners.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/frost-capital-partners.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Global-Consulting</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/global-consulting.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/global-consulting.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Eurokasse New Zealand Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/eurokasse-new-zealand-limited.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/eurokasse-new-zealand-limited.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>MilleCapitaux - Private &amp; Investment Bankers</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/A_MilleCapitaux_180214_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/A_MilleCapitaux_180214_EN.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Solomon-Layb</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.dfsa.dk/en/Nyhedscenter/Pressemeddelelser/Arkiv-PM/Presse-2013/Advarsel-Solomon-Layb.aspx" target="_blank">http://www.dfsa.dk/en/Nyhedscenter/Pressemeddelelser/Arkiv-PM/Presse-2013/Advarsel-Solomon-Layb.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</span></td> </tr> <tr> <td>Comments:</td> <td><span>The Danish Financial Supervisory Authority has been informed that Solomon-Layb unsolicited has offered to carry out financial services in Denmark. The company's address is Roppongi-Tower 7-10-2, Chiyoda Business Park, 2-5-4 Kojimachi, Chiyoda-ku Tokyo 102-0083 Japan. The company's homepage is <a href="http://www.solomon-layb.com/">www.solomon-layb.com</a><br><br>Solomon-Layb does not have authorisation from the Danish Financial Supervisory Authority in accordance with the Financial Business Act to carry out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial<br>Supervisory Authority.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Newport International Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.dfsa.dk/en/Nyhedscenter/Pressemeddelelser/Arkiv-PM/Presse-2013/Advarsel-Newport-International-Group.aspx" target="_blank">http://www.dfsa.dk/en/Nyhedscenter/Pressemeddelelser/Arkiv-PM/Presse-2013/Advarsel-Newport-International-Group.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</span></td> </tr> <tr> <td>Comments:</td> <td><span>The Danish Financial Supervisory Authority has been informed that Newport International Group unsolicited has offered to carry out financial services in Denmark. The company's address is Level 7, Toranomon 40 MT Building 5-13-1, Toranomon, Minato-ku, Tokyo, Japan. The company's homepage is<a href="http://www.newportinternationalgroup.com/">http://www.newportinternationalgroup.com/</a><br><br>Newport International Group does not have authorisation from the Danish<br>Financial Supervisory Authority in accordance with the Financial Business Act<br>to carry out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial<br>Supervisory Authority.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Koyal Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.dfsa.dk/en/Nyhedscenter/Pressemeddelelser/Arkiv-PM/Presse-2013/Advarsel-Koyal-Group.aspx" target="_blank">http://www.dfsa.dk/en/Nyhedscenter/Pressemeddelelser/Arkiv-PM/Presse-2013/Advarsel-Koyal-Group.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</span></td> </tr> <tr> <td>Comments:</td> <td> <p><span>The Danish Financial Supervisory Authority has been informed that Koyal Group unsolicited has offered to carry out financial services in Denmark. The company's address is Arca Central Building 14F 1-2-1 Kinshi Sumida-Ku, Tokyo Japan. The company's homepage is <a href="http://www.koyalgroup.com/contact.php">http://www.koyalgroup.com/contact.php</a><br><br>Koyal Group does not have authorisation from the Danish Financial Supervisory<br>Authority in accordance with the Financial Business Act to carry out such<br>services in Denmark.<br><br></span><span>The company has not been notified in Denmark from any foreign Financial<br>Supervisory Authority.</span></p> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Kirayaka International</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finanstilsynet.dk/Nyhedscenter/Pressemeddelelser/Arkiv-PM/Presse-2013/Advarsel-Kirayaka-International.aspx?sc_lang=en" target="_blank">http://www.finanstilsynet.dk/Nyhedscenter/Pressemeddelelser/Arkiv-PM/Presse-2013/Advarsel-Kirayaka-International.aspx?sc_lang=en</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</span></td> </tr> <tr> <td>Comments:</td> <td><span>The Danish Financial Supervisory Authority has been informed that Kirayaka International unsolicited has offered to carry out financial services in Denmark. The company's address is 17 th. Fl., Hibiya kokusai Building. 2-3, Uchisaiwai-cho 2-chome, Chiyoda-ku, Tokyo 100-0011 Japan. The company's homepage is<a href="http://www.kirayakainternational.com/">www.kirayakainternational.com</a><br><br>Kirayaka International does not have authorisation from the Danish Financial<br>Supervisory Authority in accordance with the Financial Business Act to carry<br>out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial<br>Supervisory Authority.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Banque Privée Wehren &amp; Cie</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=418" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=418</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="February152014"></a>15 February 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (19)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Palmer Smith Advisors</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/A_Palmer_Smith_Advisors_140214EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/A_Palmer_Smith_Advisors_140214EN.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Helvetia Wealth AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Helvetia Wealth AG is not authorised to provide<br>investment services in Ireland. The firm purports to be based in Switzerland.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Schott-OFT</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1220" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1220</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Cedar Finance / T.B.S.F. Best Strategy Finance Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=19152" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=19152</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Wine Street Investment Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Wine Street Investment Management is not authorised to<br>provide investment services in Ireland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Shearin Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finanstilsynet.dk/" target="_blank">http://www.finanstilsynet.dk/</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Finanstilsynet (Denmark Financial Supervisory<br>Authority), Denmark</span></td> </tr> <tr> <td>Comments:</td> <td><span>The Danish Financial Supervisory Authority has been<br>informed that Shearin Group unsolicited has offered to carry out financial<br>services in Denmark. The company's addresses are Level 3, 17 Square Edouard<br>VII, Paris 75009, France and 15/F Millennium City 5, 418 Kwun Tong Rd., Kwun<br>Tong, Hong Kong. The company's homepage is <a href="http://shearingroup.com/">http://shearingroup.com/</a><br><br>Shearin Group does not have authorisation from the Danish Financial Supervisory<br>Authority in accordance with the Financial Business Act to carry out such<br>services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial<br>Supervisory Authority.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Investec Capital Coporation</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of an FCA Authorised Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Braun &amp; Bach Finanzdienstleistungen</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=417" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=417</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Asia World Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bitcoin</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_alert-bitcoin.html" target="_blank">http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_alert-bitcoin.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, Quebec</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>White-Miller Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1219" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1219</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Ventura Capital Consultancy Services</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of a former FCA Registered Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>First Catholic Financial</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>UNIVERSUM Business Consulting Sp. z o.o.</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Simple Assets Towarzystwo Funduszy Inwestycyjnych S.A.</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Asset Capital Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=416" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=416</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Axatrades</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=415" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=415</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Global Trader 365 Ltd. doing business as <a href="http://www.globaltrader365.com/">www.globaltrader365.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140207_global-trader-365-ltd.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140207_global-trader-365-ltd.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Global Trader 365 Ltd. doing business as <a href="http://www.globaltrader365.com/">www.globaltrader365.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>HR Investment Group (aka High Returns Investment Group) doing business as <a href="http://www.hrinvestment.webs.com/">www.hrinvestment.webs.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140206_hr-investment-group.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140206_hr-investment-group.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td> </td> <td><span>HR Investment Group doing business as <a href="http://www.hrinvestment.webs.com/">www.hrinvestment.webs.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Asia World Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="February82014"></a>8 February 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (8)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>UK RBB Barclays Business</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of FCA Authorised Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Estlander &amp; Ronnlund Capital Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Cloning of EEA Authorised Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>KLMex</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities Commission, Malaysia</span></td> </tr> <tr> <td>Comments:</td> <td><span>The entity named "The Kuala Lumpur Mercantile Exchange" with URL:<a href="http://www.klmex.org/">www.klmex.org</a> and e-mail address <a href="mailto:info@klmex.org">info@klmex.org</a> is not an entity registered with the Securities Commission Malaysia. Any future<br>mercantile exchange approved by the related authorities will be officially announced through proper channels.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Invest Online Ltd.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=414" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=414</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>G.W. Trust and Transfer</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/release.aspx?id=19094" target="_blank">http://www.bcsc.bc.ca/release.aspx?id=19094</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>New Zealand Capital Finance</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.govt.nz/keep-updated/warnings,-alerts-and-scams/names-of-firms-and-individuals-to-be-wary-of#NewZealandCapitalFinance" target="_blank">/keep-updated/warnings,-alerts-and-scams/names-of-firms-and-individuals-to-be-wary-of#NewZealandCapitalFinance</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Markets Authority, New Zealand</span></td> </tr> <tr> <td>Comments:</td> <td><span>False/misleading advertising</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Danske Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of an FCA Authorised Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>AFI - ALTERNATIVE FINANCIAL INVESTMENTS</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td colspan="2"> <h3><span>Deleted (1)</span></h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Estlander &amp; Ronnlund Capital Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of EEA Authorised Firm</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="February12014"></a>1 February 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (18)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Baxter-Stanley and Associates</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>NOVA PORTFOLIO MANAGERS</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span><span>Financial Conduct Authority, United Kingdom</span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank"></a></span></td> </tr> <tr> <td>Comments: </td> <td><span>Clone of an EEA Authorsed Firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Global Investment Bank (IOM) Ltd &amp; Global Investment Bank Offshore Services Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/globalinvestment.xml" target="_blank">http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/globalinvestment.xml</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Supervision Commission, Isle of Man</span></td> </tr> <tr> <td>Comments:</td> <td><span>Bogus entities claiming to be licensed and regulated<br>by Isle of Man Financial Supervision Commission</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Winston &amp; Churchill Private Equity</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/ralphmendoza.xml" target="_blank">http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/ralphmendoza.xml</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Supervision Commission, Isle of Man</span></td> </tr> <tr> <td>Comments:</td> <td><span>Bogus entity claiming to be based in the Isle of Man</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Unauthorised entities and websites offering forex</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F29b7a04c-ee1c-4263-bfaf-f22f717caad9" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F29b7a04c-ee1c-4263-bfaf-f22f717caad9</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>New updated list of websites and entities offering<br>forex investments.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Kaizen Pacific</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=413" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=413</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>IFS – International Financial Services Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=412" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=412</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>The Tunstall Group</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Rhinehart Global Ltd. doing business as <a href="http://www.rhinehartglobal.com/">www.rhinehartglobal.com</a> and<a href="http://www.rhinehartglobal.net/">www.rhinehartglobal.net</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140122_rhinehart-global%20.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140122_rhinehart-global%20.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Rhinehart Global Ltd. doing business as <a href="http://www.rhinehartglobal.com/">www.rhinehartglobal.com</a> and<a href="http://www.rhinehartglobal.net/">www.rhinehartglobal.net</a> is not<br>registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>IQ Holding International S.A. doing business as<a href="http://www.iqhinternational.com/">www.iqhinternational.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140122_iq-holding.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140122_iq-holding.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>IQ Holding International S.A. doing business as <a href="http://www.iqhinternational.com/">www.iqhinternational.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Norex Trade Advisors</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140122_protec-fortress-norex.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140122_protec-fortress-norex.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Norex Trade Advisors doing business as <a href="http://www.norexadvisorsonline.com/">www.norexadvisorsonline.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>ProTec Advisors</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140122_protec-fortress-norex.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140122_protec-fortress-norex.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>ProTec Advisors doing business as protecadvisorsonline.com is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in,<br>buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Fortress Global Markets, SARL</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140122_protec-fortress-norex.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140122_protec-fortress-norex.htm</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Fortress Global Markets, SARL doing business as <a href="http://www.fxfortress.com/">www.fxfortress.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Al Reen Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is falsely purporting to be authorised by the FCA, thereby breaching section 24 FSMA 2000</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Ledbury Moore</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bronte Financial</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Furlow Capital</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Dr. Christian Fischer</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/dr-christian-fischer.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/dr-christian-fischer.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="January262014"></a>26 January 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (16)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Kanagawa Associates</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>WorldBridge Securities</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fscmauritius.org/media/121081/investor-alert-worldbridge-securities.pdf" target="_blank">http://www.fscmauritius.org/media/121081/investor-alert-worldbridge-securities.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services Commission, Mauritius, Republic of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Update -websites offering binary options</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F282f5a32-f922-498e-9176-c6531d8610a6" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F282f5a32-f922-498e-9176-c6531d8610a6</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Update of warnings issued regarding websites offering binary options trading, for which no authorised investment services provider could be clearly identified</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Asia World Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Redford Securities International</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Great Wall Asset Management Corp</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/g.html#1215" target="_blank">http://www.sfc.hk/web/EN/alert-list/g.html#1215</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>AVANTI HOLDINGS-INTERFINANZAS ADVISORS CORP-IBS CONSULTING GROUP</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/215-informacion-del-mercado/varios-alertas-al-inversionista/4318-warning--non-authorized-entity--advanti-holdings-interfinanzas-advisors-corp-ibs-consulting-group" target="_blank">http://supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/215-informacion-del-mercado/varios-alertas-al-inversionista/4318-warning--non-authorized-entity--advanti-holdings-interfinanzas-advisors-corp-ibs-consulting-group</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Superintendencia del Mercado de Valores, Panama,<br>Republic of</span></td> </tr> <tr> <td>Comments:</td> <td><span>Companies not registered</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>NORD FX</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/4320-warning--non-authorized-entity--nord-fx.html" target="_blank">http://supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/4320-warning--non-authorized-entity--nord-fx.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Superintendencia del Mercado de Valores, Panama,<br>Republic of</span></td> </tr> <tr> <td>Comments:</td> <td><span>Company not registered</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Sierra Finance Asset Management</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Cayman Asset Management</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><span><strong>ForexTrada</strong></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Chelsea Financial</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Clone of FCA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Brookes and Hargreaves</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Strategic Private Equity LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/news/warnings/strategic-private-equity-llc" target="_blank">http://www.fca.org.uk/news/warnings/strategic-private-equity-llc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Updated alert</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Mesirow Financial</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>clone of FCA authorised firm</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>FutureBarrel.com</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=18994" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=18994</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (10)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Kanagawa Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Strategic Private Equity LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Saxo Capital Markets Panama, S.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/4761-warning--non-authorized-entity-saxo-capital-markets-panama-sa.html" target="_blank">http://www.supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/4761-warning--non-authorized-entity-saxo-capital-markets-panama-sa.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Superintendencia del Mercado de Valores, Panama,<br>Republic of</span></td> </tr> <tr> <td>Comments:</td> <td><span>Company not registered</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Trader Hawk</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.traderhawk.pl/" target="_blank">http://www.traderhawk.pl</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Indywidualne Biznesowe Doradztwo Finansowe Sp. z o.o.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>NOVA NEW Sp. z o.o.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>EUROMEDICUM S.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Synergy Group Doradcy Finansowi</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Cash Rentier</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Lex-Security</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="January182014"></a>18 January 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (14)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>MONTALVO ASSET MANAGEMENT Sàrl, en liquidation</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=411" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=411</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Galaxy Investment Management Limited</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20140116_galaxy-investment.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20140116_galaxy-investment.htm</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Galaxy Investment Management Limited doing business as<br><a href="http://www.gimsafeinvestor.com/">www.gimsafeinvestor.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Clairmont Capital Partners</span></strong></td> </tr> <tr> <td>Posted by: </td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Charterhouse Wealth Management</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>IDELSON GROUP - TAIWAN OPTIONS AND FUTURES EXCHANGES</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Capital Trust Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/capital-trust-management.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/capital-trust-management.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>NEA Europe Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/nea-europe-limited.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/nea-europe-limited.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Dyman Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/dyman-associates.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/dyman-associates.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>1st American Securities</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Glendale Growth &amp; Trust</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.servicenl.gov.nl.ca/securities/consumer_advisory/consumeradvisory.html" target="_blank">http://www.servicenl.gov.nl.ca/securities/consumer_advisory/consumeradvisory.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td>Comments:</td> <td><span>The B.C. Securities Commission is posting a Consumer<br>Advisory on behalf of the Financial Services Regulation Division of<br>Newfoundland and Labrador, relating to Glendale Growth &amp; Trust and Leonard<br>(Lennie) Goldman.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>JARVIS COHEN ASSOCIATES</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>Swiss Wealth Ltd.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=410" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=410</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Reid &amp; Stone Ventures</span></strong></td> </tr> <tr> <td>Posted by: </td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Global Brokers Asia</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/g.html#1212" target="_blank">http://www.sfc.hk/web/EN/alert-list/g.html#1212</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="January112014"></a><a name="January112013"></a>11 January 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (15)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>RBOptions</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/release.aspx?id=18950" target="_blank">http://www.bcsc.bc.ca/release.aspx?id=18950</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>TELETRADE</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/port/infos/ATO%2013442%20-%20TeleTrade%20-%20forex%20v%20site.pdf" target="_blank">http://www.cvm.gov.br/port/infos/ATO%2013442%20-%20TeleTrade%20-%20forex%20v%20site.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized to offer investment opportunities in the<br>Forex market to Brazilian residents by any means (online or other).<br>Webpages used by the company:<br><a href="http://www.teletrade-brasil.com/">http://www.teletrade-brasil.com</a><br>and<br><a href="http://teletrade.com.br/">http://teletrade.com.br</a></span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Vestcor</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Morris Capital Partners</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/m.html#1210" target="_blank">http://www.sfc.hk/web/EN/alert-list/m.html#1210</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>LifeClub International S.A and World Mazo Inc/Mymazo</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Dyman Associates</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bulls Capital Markets</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/A_Bulls_Capital_Markets_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/A_Bulls_Capital_Markets_EN.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Invest-re Ltd.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=407" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=407</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Card &amp; Cash Solutions GmbH</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=408" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=408</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Swiss Capital and Guarantee</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=409" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=409</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Kanagawa Associates</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Harden-Krause Private Equity Ltd</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Ramsey Investment Partners</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DAB Asia Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/d.html#1209" target="_blank">http://www.sfc.hk/web/EN/alert-list/d.html#1209</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Inter Global Equity</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/i.html#1208" target="_blank">http://www.sfc.hk/web/EN/alert-list/i.html#1208</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="January42014"></a><a name="January42013"></a>4 January 2014</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (5)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Amber Asset Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is cloning details of FCA Authorised Firm and UK<br>incorporated companies.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Zaklad Ekspertyz Gospodarczych Sp. z o.o.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Mintan Sp. z o.o.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Euro Asian Securities</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities Commission, Malaysia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Westberg Equity Research Corp (WERC)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>may also use the name Westburg Equity</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (12)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bergmannwhite Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Megakupon S.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Future A S.A.</span></strong></td> </tr> <tr> <td> </td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Inwestycje-Plus</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Effit Sp. z o.o.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Silver Bonds S.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BFG Home Spólka z o.o. S.K.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>THE BUSINESS GROUP Spólka z o.o. S.K.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>QUANTUM GROUP Spólka z o.o. S.K.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BF GROUP Spólka z o.o. S.K.A.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>JMS Spólka z o.o.</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Kasomat.pl</span></strong></td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="December212013"></a>21 December 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (13)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Cayman Asset Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=406" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=406</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Wiin International Group Ltd</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=405" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=405</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Leighton Corporate Services. LLC.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments:</td> <td><span>Leighton Corporate Services, LLC. is not authorised to<br>provide investment services in Ireland. The firm purports to be based in the USA.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Kingsley Advice Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>The Netherlands Authority for the Financial Markets,<br>Netherlands, The</span></td> </tr> <tr> <td>Comments:</td> <td><span>The warning list “boiler rooms” contains the names of<br>companies that have approached persons without being asked, to offer them<br>investment proposals. The AFM has established that the companies that are<br>included in this warning list do not have an AFM license or a European<br>Passport.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Fast Line Legal</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Victory Life &amp; Pension Assurance Company Ltd</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>HSL Acquisitions Inc / HSL Acquisitions</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1206" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1206</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bio-Investor Ltd.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Unauthorised entities and websites offering Forex</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F796b1686-119d-42e1-aa11-71ebc88e9eaf" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F796b1686-119d-42e1-aa11-71ebc88e9eaf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Updated list of websites and entities offering investments on the unregulated <br>foreign exchange (Forex) market in France, without authorisation to do so</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Areal Equity Capital AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=404" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=404</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Xinagasia Marketing Corp.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=403" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=403</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Leighton Corporate Services LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>First Trade Europe</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/f.html#1205" target="_blank">http://www.sfc.hk/web/EN/alert-list/f.html#1205</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="December142013"></a>14 December 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (16)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Profescapital Sp. z o.o.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CorporateBonds.pl Sp. z o.o.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>JCI Asset Inc</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Finansinspektionen, Sweden</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Glendale Growth &amp; Trust</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=402" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=402</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Win Holding AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=401" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=401</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Win Energie Invest GmbH</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=400" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=400</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Fraudsters claiming to represent the AMF</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F92c3a3c8-7c80-4a97-93ce-c17fad9c21f8" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F92c3a3c8-7c80-4a97-93ce-c17fad9c21f8</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Warning regardind fraudsters claiming to represent or<br>to work for the AMF and proposing trades on unauthorised binary option websites</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Goldman Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F2a7fb701-8971-4de9-b52c-151f91958569" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2F2a7fb701-8971-4de9-b52c-151f91958569</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, France</span></td> </tr> <tr> <td>Comments:</td> <td><span>Warning concerning Goldman Capital</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DeVere Group UK</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is cloning the name and the address of the FCA<br>Authorised Firm.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>JCI Asset Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=399" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=399</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>trade-your.com</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/tradeyourcom.xml" target="_blank">http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/tradeyourcom.xml</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Supervision Commission, Isle of Man</span></td> </tr> <tr> <td>Comments:</td> <td><span>Bogus entity claiming to be located in Isle of Man<br>using website <a href="http://www.trade-your.com/">www.trade-your.com</a></span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Endeavour Assets</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/endeavourassets.xml" target="_blank">http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/endeavourassets.xml</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Supervision Commission, Isle of Man</span></td> </tr> <tr> <td>Comments:</td> <td><span>Bogus entity claiming to be located in Isle of Man<br>using website endeavourassets.co.uk</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>PrivateFX</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/p/privatefx" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/p/privatefx</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission,<br>Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Xinda Management Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/x/xinda-management-group" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/x/xinda-management-group</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission,<br>Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>SCFS Trading Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/s/scfs-trading-limited" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/s/scfs-trading-limited</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission,<br>Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>KSI / Karamanof (may also use Karamanof Securities<br>&amp; Investment Services)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is cloning details of FCA EEA Authorised Firm.</span></td> </tr> <tr> <td colspan="2"> <h3>Deleted (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>First Swiss Capital Inc</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=383" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=383</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="December72013"></a>7 December 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (16)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Dingfeng International Corporation</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/d.html#1201" target="_blank">http://www.sfc.hk/web/EN/alert-list/d.html#1201</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>GroupCPI</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>GE Wealth Management (clone of FCA authorised firm)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial<br>Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is cloning the name of a FCA authorised firm. It is also using the FCA logo.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Forex Worldwide Ltd and ToroPROfit</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.mfsa.com.mt/pages/readfile.aspx?f=/files/Announcements/PressReleases/05%2012%202013%20MFSA%20WARNING%20%20-%2014%20ToroProfit.pdf" target="_blank">http://www.mfsa.com.mt/pages/readfile.aspx?f=/files/Announcements/PressReleases/05%2012%202013%20MFSA%20WARNING%20%20-%2014%20ToroProfit.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Malta Financial Services Authority, Malta</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>FIRKIN ASSET CONSULTANTS</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>First Trade Europe</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>FOREX</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.lautorite.qc.ca/fr/communiques-2013-corpo.html_2013_meg-forex-2013-12-03.html" target="_blank">http://www.lautorite.qc.ca/fr/communiques-2013-corpo.html_2013_meg-forex-2013-12-03.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, Quebec</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CAM Energy SA</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=397" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=397</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss<br>Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Regium Commodity Trading Advisor Sp. z o.o.</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Lee, Young &amp; Chan</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/l.html#1200" target="_blank">http://www.sfc.hk/web/EN/alert-list/l.html#1200</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Ava Capital Markets</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is cloning details of FCA EEA Authorised Firm.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Axis-Capital Ltd.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/axis-capital-ltd.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/axis-capital-ltd.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Takeshi Venture Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/takeshi-venture-capital.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/takeshi-venture-capital.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Strategic Private Equity LLC</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/strategic-private-equity-llc.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/strategic-private-equity-llc.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>REALPROJECTS24 COOPERATION AG bzw. REALRPOJECTS24 COOPERATION LTD. Belize &amp; Realprojects24 Co. LTd Thailand</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/realprojects24-cooperation-ag-bzw-realrpojects24-cooperation-ltd-belize-realprojects24-co-ltd-t.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/realprojects24-cooperation-ag-bzw-realrpojects24-cooperation-ltd-belize-realprojects24-co-ltd-t.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Global Reach Asset Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/global-reach-asset-management.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/global-reach-asset-management.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td colspan="2"> <h3><span>Deleted (2)</span></h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Ava Capital Markets</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is cloning details of FCA EEA Authorised Firm.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Helvetic Capital Partners AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=391" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=391</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="December22013"></a>2 December 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (14)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Fenka Rafal trytko</strong></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Ava Capital Markets</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Firm is cloning details of FCA EEA Authorised Firm.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Next Financial Network</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Mission Mining Company</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.bcsc.bc.ca/release.aspx?id=18636" target="_blank">http://www.bcsc.bc.ca/release.aspx?id=18636</a></td> </tr> <tr> <td>Posted by:</td> <td>British Columbia Securities Commission, British Columbia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Cover Capital Partners</strong></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Ulverston Offshore Bank</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.jerseyfsc.org/pdf/Public-Statement-Ulverston-Offshore-Bank-November-2013.pdf" target="_blank">http://www.jerseyfsc.org/pdf/Public-Statement-Ulverston-Offshore-Bank-November-2013.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Jersey Financial Services Commission, Jersey</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Surplus Finance S.A.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fscmauritius.org/media/106023/public_notice_-_suspension_of_licences_of_surplus_finance.pdf" target="_blank">http://www.fscmauritius.org/media/106023/public_notice_-_suspension_of_licences_of_surplus_finance.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services Commission, Mauritius, Republic of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>BFS Markets Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fscmauritius.org/media/106019/public_notice_-_revocation_of__category_1_global_business_licence_of_bfs_markets_ltd.pdf" target="_blank">http://www.fscmauritius.org/media/106019/public_notice_-_revocation_of__category_1_global_business_licence_of_bfs_markets_ltd.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services Commission, Mauritius, Republic of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>NCP Financials (may also use the name "Northland")</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Firm is cloning details of FCA Authorised Firm</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><a href="http://www.forextotal.com/">www.forextotal.com</a></strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=forextotal" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=forextotal</a></td> </tr> <tr> <td>Posted by:</td> <td>Comisión Nacional del Mercado de Valores, Spain</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Capital Eurasia</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/c.html#1198" target="_blank">http://www.sfc.hk/web/EN/alert-list/c.html#1198</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Estlander &amp; Ronnlund Capital Management </strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Clone of EEA Authorised Firm</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>GLOBALEYE SPRL</strong></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services and Markets Authority, Belgium</td> </tr> <tr> <td>Comments:</td> <td>warning</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Edge Capital Markets</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="November232013"></a>23 November 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (9)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Binary Option Live Signals</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=39" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=39</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hadfield Resources SA</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=395" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=395</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Qualified FX SA doing business as qualifiedfx.com and<br>qualifiedfx.net</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20131121_qualified-fx-sa.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20131121_qualified-fx-sa.htm</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Qualified FX SA doing business as qualifiedfx.com and<br>qualifiedfx.net is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>CAPITALES FIJOS, S. A.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.supervalores.gob.pa/component/content/article/215-varios-alertas-al-inversionista/5136-warning--non-authorized-entity--capitales-fijos-s-a.html?qh=YTozOntpOjA7czo5OiJjYXBpdGFsZXMiO2k6MTtzOjU6ImZpam9zIjtpOjI7czoxNToiY2FwaXRhbGVzIGZpam9zIjt9" target="_blank">http://www.supervalores.gob.pa/component/content/article/215-varios-alertas-al-inversionista/5136-warning--non-authorized-entity--capitales-fijos-s-a.html?qh=YTozOntpOjA7czo5OiJjYXBpdGFsZXMiO2k6MTtzOjU6ImZpam9zIjtpOjI7czoxNToiY2FwaXRhbGVzIGZpam9zIjt9</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Superintendencia del Mercado de Valores, Panama,<br>Republic of</span></td> </tr> <tr> <td>Comments:</td> <td><span>Company not registered.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Nomura Financial</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/n.html#1197" target="_blank">http://www.sfc.hk/web/EN/alert-list/n.html#1197</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Allied Global Holdings</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/a.html#1196" target="_blank">http://www.sfc.hk/web/EN/alert-list/a.html#1196</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Zurich Private Capital HQ</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=394" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=394</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Wave Star Trading Company Ltd/ Wavestar Trading<br>Company Ltd/ Wavestar Mystery Forex</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1195" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1195</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Grupo Levys Conseil et Gestion</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=393" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=393</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority,<br>Switzerland</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="November192013"></a>19 November 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (14)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Frost Capital Partners</strong></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Strategic Private Equity LLC</strong></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Firkin Asset Consultants</strong></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Aspen Capital LLC</strong></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Sachs Trust</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=392" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=392</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Meta Trade Forex &amp; Finance Group Inc.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.bvifsc.vg/News/tabid/160/articleType/ArticleView/articleId/1385/language/en-GB/Meta-Trade-Forex-Finance-Group-Inc--Advisory-Warning-No-25-of-2013-12-November-2013.aspx" target="_blank">http://www.bvifsc.vg/News/tabid/160/articleType/ArticleView/articleId/1385/language/en-GB/Meta-Trade-Forex-Finance-Group-Inc--Advisory-Warning-No-25-of-2013-12-November-2013.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>British Virgin Islands Financial Services Commission, British Virgin Islands</td> </tr> <tr> <td>Comments:</td> <td>Operating as FX Meta Trade - unauthorised investment business</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Helvetic Capital Partners AG</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=391" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=391</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Win Win International Investments Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1193" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1193</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Strategic Private Equity LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Board of International Finance</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>CMBS Portfolio, LLC.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>Central Bank of Ireland, Ireland</td> </tr> <tr> <td>Comments:</td> <td>CMBS Portfolio, LLC. is not authorised to provide investment services in Ireland. The firm purports to be based in the USA.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hong Kong Eshirong Financial Investment</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1192" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1192</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>SMG Swiss Mining Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=390" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=390</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Banc54 / B54 Technologies Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/b.html#1191" target="_blank">http://www.sfc.hk/web/EN/alert-list/b.html#1191</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td colspan="2"> <h3>Deleted (2)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Strategy Private Equity LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Pictet Private Wealth Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td> <p>Clone of FCA Authorised firm.</p> <p>Also trading as Pictet &amp; Cie.</p> </td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="November92013"></a>9 November 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (8)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Strategy Private Equity LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Zakra Corp Sp. z o.o.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Global Corporate Partners</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Pictet Private Wealth Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Clone of FCA authorised firm</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>CapitalFrance</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2Fdeefe6e0-0d27-4436-8b72-5aad0181321c" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2Fdeefe6e0-0d27-4436-8b72-5aad0181321c</a></td> </tr> <tr> <td>Posted by:</td> <td>Autorité des marchés financiers, France</td> </tr> <tr> <td>Comments:</td> <td>Warning regarding CapitalFrance</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Rich Gold Group Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/r.html#1188" target="_blank">http://www.sfc.hk/web/EN/alert-list/r.html#1188</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Ramsey Investment Partners</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/r.html#1189" target="_blank">http://www.sfc.hk/web/EN/alert-list/r.html#1189</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Pictet Private Wealth Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td> <p>Clone of FCA Authorised firm</p> <p>Also trading as Pictet &amp; Cie</p> </td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="November32013"></a>3 November 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (21)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Novee Forex doing business as <a href="http://www.noveeforex.com/">www.noveeforex.com</a></strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20131030_novee-forex.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20131030_novee-forex.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>Novee Forex is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Pan American Global Partners</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>World Capital Consultants</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hudson Strategic Partners</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Sovereign Wealth Capital</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Guozijian Capital</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Foerster Consulting Ltd.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>MAV-Group Ltd.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Global Equity Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Deutsche Policen Aufwertung AG</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=388" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=388</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Freeman &amp; Rosenberg Finance Solutions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=389" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=389</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Renta 60 (Rentabilidad 60%)</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Renta%2060" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=Renta%2060</a></td> </tr> <tr> <td>Posted by:</td> <td>Comisión Nacional del Mercado de Valores, Spain</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>IPO S.A.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.iposa.pl/" target="_blank">http://www.iposa.pl/</a></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Reichwein &amp; Walker</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=387" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=387</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hobart Roth LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>St. Publius Corporate Services Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.mfsa.com.mt/pages/readfile.aspx?f=/files/Announcements/AdministrativeMeasuresAndPenalties/2013_10_25%20MFSA%20Warning%2012-2013%20St%20Publius.pdf" target="_blank">http://www.mfsa.com.mt/pages/readfile.aspx?f=/files/Announcements/AdministrativeMeasuresAndPenalties/2013_10_25%20MFSA%20Warning%2012-2013%20St%20Publius.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Malta Financial Services Authority, Malta</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>HRD PARTICIPAÇÕES SOCIETÁRIAS LTDA.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/dados/DocSai/18222CD33ECB4AAEA7A1756EF72D95EE.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/18222CD33ECB4AAEA7A1756EF72D95EE.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized security intermediation activities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/dados/DocSai/2D3E5FAABAA44DD0AB7D295DC944F2D6.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/2D3E5FAABAA44DD0AB7D295DC944F2D6.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized security intermediation activities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/dados/DocSai/83CB64A348A241CAA3FFE1AE8E6C42BA.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/83CB64A348A241CAA3FFE1AE8E6C42BA.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized security intermediation activities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/dados/DocSai/1FC6AEC933DE48FBA4259383526DD690.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/1FC6AEC933DE48FBA4259383526DD690.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized security intermediation activities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>MUGELLO REDISTRIBUIÇÃO DE ATIVOS FINANCEIROS S/A</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/dados/DocSai/A94CCA7FF6AD46CD810C18B1FF323E62.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/A94CCA7FF6AD46CD810C18B1FF323E62.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized security intermediation activities.</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2>26 October 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (19)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Specialist Investor Funds</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Total Global Equity</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/t.html#1185" target="_blank">http://www.sfc.hk/web/EN/alert-list/t.html#1185</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Charterhouse Wealth Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/c.html#1183" target="_blank">http://www.sfc.hk/web/EN/alert-list/c.html#1183</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Sentinel Asset Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=386" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=386</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>IFC Independent Financial Consultants</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=385" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=385</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hanover Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Quinn &amp; Voakes Capital</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>HÉTILO DO BRASIL EMPREENDIMENTOS LTDA. ME</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli716.doc" target="_blank">http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli716.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized offering of investment opportunities through the page<a href="http://www.villagedaspedras.com.br/">http://www.villagedaspedras.com.br</a></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>EZTrader / WGM Services Ltd.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=18386" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=18386</a></td> </tr> <tr> <td>Posted by:</td> <td>British Columbia Securities Commission, British Columbia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hoden International Clearing</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>1st Edge Financial Bank of the United Kingdom</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/Database/" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/Database/</a></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Ellis Harper &amp; Co LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>First Swiss Capital Inc</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=383" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=383</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>PIM-Handel AG Schweiz</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=384" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=384</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Asset Capital Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=382" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=382</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Brewer Consulting Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Forex</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.lautorite.qc.ca/en/press-releases-2013-pro.html_2013_meg-forex-an.html" target="_blank">http://www.lautorite.qc.ca/en/press-releases-2013-pro.html_2013_meg-forex-an.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Autorité des marchés financiers, Quebec</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Zenith FUND SA - SICAV- SIF</strong></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Steinberg Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="October192013"></a>19 October 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (6)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Glover Capital Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Progression Mergers &amp; Acquisitions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Whitney Cooper Associates</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hamilton International Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Redevelopment Corporation International Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.mfsa.com.mt/pages/readfile.aspx?f=/files/Announcements/AdministrativeMeasuresAndPenalties/2013_10_14%20MFSA%20Warning%2011-2013.pdf" target="_blank">http://www.mfsa.com.mt/pages/readfile.aspx?f=/files/Announcements/AdministrativeMeasuresAndPenalties/2013_10_14%20MFSA%20Warning%2011-2013.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Malta Financial Services Authority, Malta</td> </tr> <tr> <td>Comments:</td> <td>Redevelopment Corporation International Ltd (operating under trade name “FOREXPERTI” -<a href="https://www.forexperti.com/">https://www.forexperti.com/</a>)</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>IP INTERNATIONAL SERVICE,TRADING CORPORATION,BANK OF BROKER,IKKOTRADER,TRADER369,AJ BROWDER CAPITAL</strong></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services and Markets Authority, Belgium</td> </tr> <tr> <td>Comments:</td> <td>warning</td> </tr> <tr> <td colspan="2"> <h3>Deleted (2)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Whitney Cooper Associates</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hamilton International Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="October142013"></a><a name="Oct142013"></a>14 October 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (13)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>MD Costa Rica Invest (Ireland)</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20131010_md-costa-rica.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20131010_md-costa-rica.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>MD Costa Rica Invest (Ireland) doing business as <a href="http://www.costaricainvest.ie/">http://www.costaricainvest.ie</a>not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>PRG Global Group, Canada doing business as <a href="http://timprg.wix.com/prg-group-canada">http://timprg.wix.com/prg-group-canada</a></strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20131010_prg-global.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20131010_prg-global.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>PRG Global Group, Canada and PRG Global Realty, Canada doing business as<a href="http://timprg.wix.com/prg-group-canada">http://timprg.wix.com/prg-group-canada</a> and<a href="http://www.naturewalkcostarica.com/">http://www.naturewalkcostarica.com</a> are not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Whitney Cooper Associates</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>DT Group Business Solutions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>ROWE CORPORATE SERVICES</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/news/warnings/rowe-corporate-services" target="_blank">http://www.fca.org.uk/news/warnings/rowe-corporate-services</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>FIL Investment Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/f.html#1181" target="_blank">http://www.sfc.hk/web/EN/alert-list/f.html#1181</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>KAIROS CONSULTORIA E INVESTIMENTOS LTDA.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=/deli/deli715.doc" target="_blank">http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli715.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized portfolio management services through the internet webpage:<a href="http://www.kairosinvestimentos.com.br/">www.kairosinvestimentos.com.br</a></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Windsor Finance Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1179" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1179</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hong Kong Business Information Registry</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1178" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1178</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hodyer Asia / Hodyer Asia Assets Management Inc / Hoyder Investment Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1177" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1177</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Northern Capital Consultants</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Bloomfield Advisory</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Swiss Capital Alternatives</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=381" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=381</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td colspan="2"> <h3>Deleted (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>DT Group Business Solutions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="October52013"></a>5 October 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (28)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Mundial Securities</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/m.html#1176" target="_blank">http://www.sfc.hk/web/EN/alert-list/m.html#1176</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Stowford &amp; Proctor Asset Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1175" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1175</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Risk Capital International (doing business as riskcapitalint.com and<a href="http://www.riskcapitalfx.com/">www.riskcapitalfx.com</a>)</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20131003_risk-capital.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20131003_risk-capital.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>Risk Capital International is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>B.H. Global France</strong></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services and Markets Authority, Belgium</td> </tr> <tr> <td>Comments:</td> <td>warning</td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><a href="http://www.hcmc.gr/photos/kefalaiagora/files/WARNING_A.KONSTANTINIDIS_2_10_13_.pdf" target="_blank">http://www.hcmc.gr/photos/kefalaiagora/files/WARNING_A.KONSTANTINIDIS_2_10_13_.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Hellenic Republic Capital Market Commission, Greece</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Accredited International</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20130930_accredited-international.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20130930_accredited-international.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>Accredited International doing business as <a href="http://www.accreditedfx.com.com/">www.accreditedfx.com.com</a> and accreditedoffshore.com is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Conquest Private Equity LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/Database/?query=C" target="_blank">http://www.fi.se/Folder-EN/Startpage/Register/Investor-alerts/Database/?query=C</a></td> </tr> <tr> <td>Posted by:</td> <td>Finansinspektionen, Sweden</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Warning against Unsolicited Offers</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fscmauritius.org/media/102435/warning_against_unsolicited_offers.pdf" target="_blank">http://www.fscmauritius.org/media/102435/warning_against_unsolicited_offers.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services Commission, Mauritius, Republic of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>FX Core/ FxCORE</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fscmauritius.org/media/102433/fx_core_fxcore.pdf" target="_blank">http://www.fscmauritius.org/media/102433/fx_core_fxcore.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services Commission, Mauritius, Republic of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hayes Capital Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Accer Mergers &amp; Acquisitions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hamilton International Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>FX Zenith Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=380" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=380</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>North Corp International</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/n.html#1173" target="_blank">http://www.sfc.hk/web/EN/alert-list/n.html#1173</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>First Data Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/firstdataltd.xml" target="_blank">http://www.fsc.gov.im/ViewNews.gov?page=lib/news/fsc/firstdataltd.xml</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Supervision Commission, Isle of Man</td> </tr> <tr> <td>Comments:</td> <td>Bogius entity using website <a href="http://firstdata.im/">http://firstdata.im</a><br>purporting to be based in Isle of Man</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hayes Capital</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.jerseyfsc.org/pdf/Public-Statement-Hayes-Capital-September-2013.pdf" target="_blank">http://www.jerseyfsc.org/pdf/Public-Statement-Hayes-Capital-September-2013.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Jersey Financial Services Commission, Jersey</td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/dados/DocSai/686F4C033B6842E881720DCD3A0BC453.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/686F4C033B6842E881720DCD3A0BC453.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized security intermediation activities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/dados/DocSai/0769FD8313164AEB9EA0FD3A567F6838.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/0769FD8313164AEB9EA0FD3A567F6838.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized security intermediation activities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/dados/DocSai/EB5ED70E3C7541A38444BEDA427F1B49.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/EB5ED70E3C7541A38444BEDA427F1B49.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized security intermediation activities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cvm.gov.br/dados/DocSai/4BF06DC1FD7746C9B7282773FA2F8266.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/4BF06DC1FD7746C9B7282773FA2F8266.doc</a></td> </tr> <tr> <td>Posted by:</td> <td>Comissão de Valores Mobiliários, Brazil</td> </tr> <tr> <td>Comments:</td> <td>Unauthorized security intermediation activities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Innovative Securities Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Klub Zamoznego Inwestora</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Sompo Capital Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1172" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1172</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Oriental Financial Service</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/o.html#1171" target="_blank">http://www.sfc.hk/web/EN/alert-list/o.html#1171</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Nomura Asset Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/n.html#1169" target="_blank">http://www.sfc.hk/web/EN/alert-list/n.html#1169</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Yad Lan Investments</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/y.html#1168" target="_blank">http://www.sfc.hk/web/EN/alert-list/y.html#1168</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Financial Center Partners</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/f.html#1167" target="_blank">http://www.sfc.hk/web/EN/alert-list/f.html#1167</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Baker Boyd Associates</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/b.html#1166" target="_blank">http://www.sfc.hk/web/EN/alert-list/b.html#1166</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="September212013"></a>21 September 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (7)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Zurich Private Equity AG</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=377" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=377</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Otto Investments</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Touchwood Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Safecap Investments (Poland) Sp. z o.o.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Waterman Wealth Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>DT Group Business Solutions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Objective Returns PLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Clone of FCA Registered Firm</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="September142013"></a>14 September 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (21)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Direct Mergers and Acquisitions Inc</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Sovereign International Worldwide Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.bvifsc.vg/News/tabid/160/articleType/ArticleView/articleId/1375/language/en-GB/Sovereign-International-Worldwide-Limited--Advisory-Warning-No-24-of-2013-12-September-2013.aspx" target="_blank">http://www.bvifsc.vg/News/tabid/160/articleType/ArticleView/articleId/1375/language/en-GB/Sovereign-International-Worldwide-Limited--Advisory-Warning-No-24-of-2013-12-September-2013.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>British Virgin Islands Financial Services Commission, British Virgin Islands</td> </tr> <tr> <td>Comments:</td> <td>Aka: Sovereign International Ltd.<br>Advisory warning - unauthorised investment broker</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>5LINX Enterprises Inc.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.bvifsc.vg/News/tabid/160/articleType/ArticleView/articleId/1374/language/en-GB/5LINX-ENTERPRISES-INC--Advisory-Warning-No-23-of-2013-12-September-2013.aspx" target="_blank">http://www.bvifsc.vg/News/tabid/160/articleType/ArticleView/articleId/1374/language/en-GB/5LINX-ENTERPRISES-INC--Advisory-Warning-No-23-of-2013-12-September-2013.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>British Virgin Islands Financial Services Commission, British Virgin Islands</td> </tr> <tr> <td>Comments:</td> <td>Advisory warning - unauthorised investment business</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>The Corliss Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finanstilsynet.dk/Nyhedscenter/Pressemeddelelser/2013/Advarsel-The-Corliss-Group.aspx?sc_lang=en" target="_blank">http://www.finanstilsynet.dk/Nyhedscenter/Pressemeddelelser/2013/Advarsel-The-Corliss-Group.aspx?sc_lang=en</a></td> </tr> <tr> <td>Posted by:</td> <td>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</td> </tr> <tr> <td>Comments:</td> <td>The Danish Financial Supervisory Authority has been informed that The Corliss Group unsolicited has offered to carry out financial services in Denmark. The company has offices in Barcelona and Hong Kong. The company's homepage is<a href="http://thecorlissgroup.com/">http://thecorlissgroup.com/</a>.<br><br>The Corliss Group does not have authorization from the Danish Financial Supervisory Authority in accordance with the Financial Business Act to carry out such services in Denmark.<br><br>The company has not been notified in Denmark from any foreign Financial Supervisory Authority.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Access Finance PLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.jerseyfsc.org/pdf/Public-Statement-Access-Finance-PLC-September-2013.pdf" target="_blank">http://www.jerseyfsc.org/pdf/Public-Statement-Access-Finance-PLC-September-2013.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Jersey Financial Services Commission, Jersey</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hamilton International Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>Central Bank of Ireland, Ireland</td> </tr> <tr> <td>Comments:</td> <td>Hamilton International Group is not authorised to provide investment services in Ireland. The firm purports to be based in the USA.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Sureland Investment Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/sureland-investment-limited.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/sureland-investment-limited.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Market Authority, Austria</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Solomon Layb</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/solomon-layb.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/solomon-layb.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Market Authority, Austria</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Schwartz Invest</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/schwartz-invest.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/schwartz-invest.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Market Authority, Austria</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Summit Capital Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-buitenland/s.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-buitenland/s.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>FIL Investment Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Firm is cloning details of FCA Authorised (Schedule 5) firm</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Byrd Fleming and Associates</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Grand Meridian Private Equity Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms" target="_blank">http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>G6 Trading doing business as <a href="http://www.gcitrading.com/">www.gcitrading.com</a></strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20130910_g6-trading.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20130910_g6-trading.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>G6 Trading doing business as <a href="http://www.gcitrading.com/">www.gcitrading.com</a> is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Brien Group Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/b.html#1165" target="_blank">http://www.sfc.hk/web/EN/alert-list/b.html#1165</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Gould Ventures Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/g.html#1164" target="_blank">http://www.sfc.hk/web/EN/alert-list/g.html#1164</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hong Kuang</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1163" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1163</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Sentinel Equity Inc</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1162" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1162</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Norris Jardine Newell Equities</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/n.html#1161" target="_blank">http://www.sfc.hk/web/EN/alert-list/n.html#1161</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Messrs Leroy and Grecy</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2Fa1a1eebb-ebbc-4084-a54c-b18b35949cdd" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html?docId=workspace%3A%2F%2FSpacesStore%2Fa1a1eebb-ebbc-4084-a54c-b18b35949cdd</a></td> </tr> <tr> <td>Posted by:</td> <td>Autorité des marchés financiers, France</td> </tr> <tr> <td>Comments:</td> <td>Warning regarding the activities of persons purporting to be Mr Franck LEROY and Mr Nicolas GRECY from the company “AMF” (Autorité Money Forex).</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>GCI Financial LLC. (doing business as <a href="http://www.gcitrading.com/">www.gcitrading.com</a>)</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20130828_gci-financial.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20130828_gci-financial.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>GCI Financial LLC is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information.</td> </tr> </tbody> </table> <p> </p> <table> <tbody> <tr> <td colspan="2"> <h2><a name="September72013"></a>7 September 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (24)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>International Youtrade Investments MA Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fscmauritius.org/media/101999/youtrade.pdf" target="_blank">http://www.fscmauritius.org/media/101999/youtrade.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services Commission, Mauritius, Republic of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Panchshil Healthcare Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fscmauritius.org/media/102003/panchshil.pdf" target="_blank">http://www.fscmauritius.org/media/102003/panchshil.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services Commission, Mauritius, Republic of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Opstock Ltd (Clone of authorised firm)</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Firm is cloning details of FCA EEA Authorised Firm</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Update-websites offering binary options</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html" target="_blank">http://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Autorité des marchés financiers, France</td> </tr> <tr> <td>Comments:</td> <td>Update of warning on websites offering binary options dated 1 August 2013</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Mayer Kaufman Private Bankers</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_Mayer_Kaufman_Private_Bankers_040913_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_Mayer_Kaufman_Private_Bankers_040913_EN.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>NZ Financial Capital Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_NZ_Fin_Cap_040913_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_NZ_Fin_Cap_040913_EN.pdf</a></td> </tr> <tr> <td>Posted by:</td> <td>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Alliance Partnership</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Firm is cloning details of FCA EEA Authorised firms.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><a href="http://fxaxa.co.uk/">http://fxaxa.co.uk</a></strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fsc.gov.im/ViewNews.gov?menuid=14805&amp;page=lib/news/fsc/axaisleofmanlimi.xml" target="_blank">http://www.fsc.gov.im/ViewNews.gov?menuid=14805&amp;page=lib/news/fsc/axaisleofmanlimi.xml</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Supervision Commission, Isle of Man</td> </tr> <tr> <td>Comments:</td> <td>Bogus website claiming to be linked to genuine Isle of Man company</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Brent Technologies</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fsc.gov.im/ViewNews.gov?menuid=14805&amp;page=lib/news/fsc/bogusoffersofemp5.xml" target="_blank">http://www.fsc.gov.im/ViewNews.gov?menuid=14805&amp;page=lib/news/fsc/bogusoffersofemp5.xml</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Supervision Commission, Isle of Man</td> </tr> <tr> <td>Comments:</td> <td>Bogus job opportunities being offered int eh Isle of Man</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Standard Trust Finance Bank</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fsc.gov.im/ViewNews.gov?menuid=14805&amp;page=lib/news/fsc/standardtrustfin.xml" target="_blank">http://www.fsc.gov.im/ViewNews.gov?menuid=14805&amp;page=lib/news/fsc/standardtrustfin.xml</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Supervision Commission, Isle of Man</td> </tr> <tr> <td>Comments:</td> <td>Bogus company claiming to be domiciled in the Isle of Man</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>World Systems Market LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cnb.cz/cs/spotrebitel/ochrana_spotrebitele/upozorneni/upozorneni_world_system_market_llc.html" target="_blank">http://www.cnb.cz/cs/spotrebitel/ochrana_spotrebitele/upozorneni/upozorneni_world_system_market_llc.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Czech National Bank, Czech Republic</td> </tr> <tr> <td>Comments:</td> <td>The Czech National Bank wishes to point out that World Systems Market LLC, which is offering trading on the forex market in Czech via a web presentation at <a href="http://www.i-wsm.com/cz.aspx">http://www.i-wsm.com/cz.aspx</a>, currently has no authorisation to provide investment or any other services on the financial market in the Czech Republic.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hong Kong Shanghai Board Options Exchange</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1160" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1160</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Consorteum Holdings Inc</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/c/consorteum-holdings-inc" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/c/consorteum-holdings-inc</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Indochine Nominees Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/i/indochine-nominees-ltd" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/i/indochine-nominees-ltd</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Lucky Pearl Investments Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/l/lucky-pearl-investments-ltd" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/l/lucky-pearl-investments-ltd</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Capital Alliance International</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/c/capital-alliance-international" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/c/capital-alliance-international</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Gordon Vaughn and Associates</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/g/gordon-vaughn-and-associates" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/g/gordon-vaughn-and-associates</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>International Commission of Securities</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/i/international-commission-of-securities" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/i/international-commission-of-securities</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Twin Royale International</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/t/twin-royale-international" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/t/twin-royale-international</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Madley Capital Management Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/m/madley-capital-management-limited" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/m/madley-capital-management-limited</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Cambros Capital Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/c/cambros-capital-ltd" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/c/cambros-capital-ltd</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Private Venture Capital Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/p/private-venture-capital-group" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/p/private-venture-capital-group</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>R&amp;G Securities &amp; Transfers Inc</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/r/rg-securities-transfers-inc" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/r/rg-securities-transfers-inc</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Paulson Management LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/p/paulson-management-llc" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/p/paulson-management-llc</a></td> </tr> <tr> <td>Posted by:</td> <td>Australian Securities and Investments Commission, Australia</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="August312013"></a>31 August 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (88)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Fortress Global Markets</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=17984" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=17984</a></td> </tr> <tr> <td>Posted by:</td> <td>British Columbia Securities Commission, British Columbia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Norex Trade Advisors</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=17982" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=17982</a></td> </tr> <tr> <td>Posted by:</td> <td>British Columbia Securities Commission, British Columbia</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Mitsubishi UFJ Morgan Stanley Securities Co. Ltd</strong></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Clone of a Japanese firm.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>SCOTT FISCHER CONSULTANCY</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/news/warnings/scott-fischer-consultancy" target="_blank">http://www.fca.org.uk/news/warnings/scott-fischer-consultancy</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Nomos Wealth Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Polish Financial Supervision Authority, Poland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>JORDAN PARKINSON GROUP</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/news/warnings/jordan-parkinson-group" target="_blank">http://www.fca.org.uk/news/warnings/jordan-parkinson-group</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Health Insurances Contor AG</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/Pages/details.aspx?orgid=376" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/Pages/details.aspx?orgid=376</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Swiss Investor Club AG</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=375" target="_blank">http://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=375</a></td> </tr> <tr> <td>Posted by:</td> <td>Swiss Financial Market Supervisory Authority, Switzerland</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Blue Sky Group Europe</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Firm is cloning details of a FCA EEA Authorised firm.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><a href="http://www.rtronx.com/">www.rtronx.com</a></strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1157" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1157</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><a href="http://www.bimforex.com/">www.bimforex.com</a></strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1158" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1158</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Global Reach Asset Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.finanstilsynet.dk/" target="_blank">http://www.finanstilsynet.dk</a></td> </tr> <tr> <td>Posted by:</td> <td>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</td> </tr> <tr> <td>Comments:</td> <td>The Danish Financial Supervisory Authority has been informed that Global Reach Asset Management from Hong Kong unsolicited has offered to carry out financial services in Denmark.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>FXHelpers, The (doing business as <a href="http://www.thefxhelpers.com/">www.thefxhelpers.com</a>)</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.osc.gov.on.ca/en/Investors_wl_20130820_fxhelpers.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20130820_fxhelpers.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Ontario Securities Commission, Ontario</td> </tr> <tr> <td>Comments:</td> <td>TheFXHelpers is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Temple Nugent Capital Management / Temple and Nugent Investments</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>NCL Group (UK) Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/n.html#1156" target="_blank">http://www.sfc.hk/web/EN/alert-list/n.html#1156</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Capital Finance Group Hong Kong Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/c.html#1155" target="_blank">http://www.sfc.hk/web/EN/alert-list/c.html#1155</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Dinosaur Investor Services (UK) Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/d.html#1152" target="_blank">http://www.sfc.hk/web/EN/alert-list/d.html#1152</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Dinosaur Assets Management (HK) Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/d.html#1153" target="_blank">http://www.sfc.hk/web/EN/alert-list/d.html#1153</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><a href="http://www.gwtrade.hk/">www.gwtrade.hk</a></strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/chinese.html#1151" target="_blank">http://www.sfc.hk/web/EN/alert-list/chinese.html#1151</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Rich Gold Group Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sfc.hk/web/EN/alert-list/r.html#1150" target="_blank">http://www.sfc.hk/web/EN/alert-list/r.html#1150</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Futures Commission, Hong Kong</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Wineburg Corporate Insurance</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Western Transfers Company</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Wahrburg Moss</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>VipBinary, a.k.a. Vip Binary</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Tudor Capital Group, a.k.a. Tudor Capital Global Financial Consultancy Firm</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Treadstone Private Equity</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>TMRTrust Ltd.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>TradersRoom</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Tompkins, Price &amp; Walker</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>TMRTrust Ltd.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>The Firm Inc., a.k.a. The Ottoman Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>TDB Financial Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Swinson Consultancy Firm</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Stamford Niles Equities, LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Smith and Lockhart Associates</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Senaca Stock Transfer Inc.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Ryan &amp; Mahar, LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Regent Consolidated</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Regent &amp; Langley Consulting Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>RBM International Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Private Fund Management S.A.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Prime Acquisitions Group, Inc.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Plutus Private Equity LLP</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Phenix Digital Solutions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Peterson Advisors Limited, a.k.a. Peterson Consultancy</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Pelican Trading Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Parker &amp; Masters LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>New England Private Equity, LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>MCT International Investments</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Mayer and Connolly LLP</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Maxwell Consultancy Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Manhattan Corporate Transfers</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Kiefer Business Services LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Keystone Global Marketing</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Johnson McQuade Acquisitions Corp.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Integrated Tax</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hendricks &amp; Hurst</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Heale Financial LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Hammond Global Solutions LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>H. Taft Private Equity</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Greenwood Capital Advisors</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Greenfield and Associates</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Green Wave Corporation</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Graham, Morrison, and Wilson, a.k.a. GMW Inc.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Giles and Hochman Consulting</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Franklin Rankin, LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>First Private Equity Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Financial Affairs Corporation</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Feinler Management Group</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Federal Asset Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Endeavour Mergers and Acquisitions</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Davidson Capital Partners</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Continental Private Equity LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Commodity Compliance Services, Inc.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Cohen Corporate Consulting</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Chartered Capital Management</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Capital Insurance Group Ltd.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Brown and Wenger Consultancy Firm</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Bramwell &amp; Kent Consultants, LLC.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Brady &amp; Bell Acquisition Ltd.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Banner Commodities</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Atlas Consultancy</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>ATG Capital Solutions, Inc.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Apollo Global Securities LLC. (sic)</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Anderson, Franklin, Sullivan Partners Ltd., a.k.a. AFS Partners Ltd.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>ACT Transfer Services</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.sec.gov/investor/oiepauselist.htm" target="_blank">http://www.sec.gov/investor/oiepauselist.htm</a></td> </tr> <tr> <td>Posted by:</td> <td>Securities and Exchange Commission, United States of America</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Conquest Private Equity LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/conquest-private-equity-llc.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/conquest-private-equity-llc.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Market Authority, Austria</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Lexington International Group Inc.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/lexington-international-group-inc.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/lexington-international-group-inc.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Market Authority, Austria</td> </tr> <tr> <td colspan="2"> <h3>Deleted (1)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td> </td> </tr> <tr> <td>Posted by:</td> <td>Finanstilsynet (Denmark Financial Supervisory Authority), Denmark</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2>17 August 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (13)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>MKR Global Services LLC</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Eclipse Options Ltd Europe / Eclipse Trading</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments: </td> <td><span>Firm is cloning details of Hong Kong and UK<br>incorporated firms.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>AXA Isle of Man</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments: </td> <td><span>Firm is cloning details of a FCA Authorised firm.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Dean Capital Canada Ltd., doing business as Dean Capital Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.osc.gov.on.ca/en/Investors_wl_20130815_dean-capital-group.htm" target="_blank">https://www.osc.gov.on.ca/en/Investors_wl_20130815_dean-capital-group.htm</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Dean Capital Canada Ltd., doing business as <a href="http://www.deancapitalgroup.com/">www.deancapitalgroup.com</a>, and its affiliates and representatives are not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Forexoma Ltd</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/f.html#1149" target="_blank">http://www.sfc.hk/web/EN/alert-list/f.html#1149</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://www.saxoforex.hk/">www.saxoforex.hk</a>, <a href="http://www.saxoworld.com.hk/">www.saxoworld.com.hk</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1148" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1148</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Standard Wealth Management Limited</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1147" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1147</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Future Trend Investment Holding Limited</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/f.html#1146" target="_blank">http://www.sfc.hk/web/EN/alert-list/f.html#1146</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>East Cape Mining Corporation</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/e.html#1145" target="_blank">http://www.sfc.hk/web/EN/alert-list/e.html#1145</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>GMO Global</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/g.html#1144" target="_blank">http://www.sfc.hk/web/EN/alert-list/g.html#1144</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Arrow Capital Partners</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/a.html#1143" target="_blank">http://www.sfc.hk/web/EN/alert-list/a.html#1143</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Cadell Acton Group International</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/c.html#1142" target="_blank">http://www.sfc.hk/web/EN/alert-list/c.html#1142</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Wainwright Wealth Management / Wainwright Finance</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="August102013"></a>10 August 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (34)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>White Plains International Securities</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>CV Global Corp LLC</strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Department of Foreign Investment Control</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/d/department-of-foreign-investment-control" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/d/department-of-foreign-investment-control</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission, Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>VCC International Group Ltd</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/v/vcc-international-group-ltd" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/v/vcc-international-group-ltd</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission, Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>TM Capital Corp / Thomson McKinnon Capital Corp</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/t/tm-capital-corp-thomson-mckinnon-capital-corp" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/t/tm-capital-corp-thomson-mckinnon-capital-corp</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission, Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Key Value Wealth Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/k/key-value-wealth-management" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/k/key-value-wealth-management</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission, Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Raimon &amp; Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/r/raimon-associates" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/r/raimon-associates</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission, Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bureau of International Securities Trading</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/b/bureau-of-international-securities-trading" target="_blank">https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/b/bureau-of-international-securities-trading</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Australian Securities and Investments Commission, Australia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Adolphe Financial Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_Adolphe_Financial_Management_080813_EN.pdf" target="_blank">http://www.cssf.lu/fileadmin/files/Protection_consommateurs/Avertissements/W_Adolphe_Financial_Management_080813_EN.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Commission de surveillance du secteur financier, Luxembourg, Grand Duchy of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Banc de Binary</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.lautorite.qc.ca/en/press-releases-2013-pro.html_2013_caution-banc-de-binary.html" target="_blank">http://www.lautorite.qc.ca/en/press-releases-2013-pro.html_2013_caution-banc-de-binary.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Autorité des marchés financiers, Quebec</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DENKO GROUP and WILTSHIRE CAPITAL</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Champel Private Equity SA</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=374" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=374</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>TradeRush.com</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=17810" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=17810</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>GOptions.com</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=17806" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=17806</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>24option.com</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=17808" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=17808</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Lexington International Group Inc</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Miles Corporate Services</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms" target="_blank">http://www.fca.org.uk/firms/being-regulated/enforcement/alerts/unauthorised-firms</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>KKR</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is cloning details of FCA Authorised firms.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Saba Capital Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1141" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1141</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>Commodity Options Security Exchange</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/c.html#1140" target="_blank">http://www.sfc.hk/web/EN/alert-list/c.html#1140</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hang International</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1139" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1139</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>VCC International Group Ltd</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/v.html#1138" target="_blank">http://www.sfc.hk/web/EN/alert-list/v.html#1138</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>HenryFX</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1137" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1137</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>Guardian Swiss Trust AG</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=373" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=373</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Braun and Brandt Consulting Firm</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>SevenTrades Global Markets Ltd.</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fscmauritius.org/media/98962/investor-alert-seventrades-global-markets-ltd.pdf" target="_blank">http://www.fscmauritius.org/media/98962/investor-alert-seventrades-global-markets-ltd.pdf</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Services Commission, Mauritius, Republic of</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bergmannwhite Associates</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>INI Securities GmbH</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is cloning details of a FCA EEA Authorised firm.</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>Travaled Enterprises Limited</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Blue Dome Partners</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><span><a href="http://www.sfc.hk/web/EN/alert-list/b.html#1135" target="_blank">http://www.sfc.hk/web/EN/alert-list/b.html#1135</a></span></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Bergmannwhite Associates</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><span><a href="http://www.sfc.hk/web/EN/alert-list/b.html#1134" target="_blank">http://www.sfc.hk/web/EN/alert-list/b.html#1134</a></span></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Credit Union Group S.A.</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><span><a href="http://supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/4936-warning--non-authorized-entity-credit-union-group-sa-.html" target="_blank">http://supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/4936-warning--non-authorized-entity-credit-union-group-sa-.html</a></span></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Superintendencia del Mercado de Valores, Panama, Republic of</span></td> </tr> <tr> <td>Comments:</td> <td><span>Company not registered</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>Swiss Guarantee Bank plc</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><span><a href="https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=372" target="_blank">https://www.finma.ch/e/sanktionen/unbewilligte-institute/pages/details.aspx?orgid=372</a></span></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Swiss Financial Market Supervisory Authority, Switzerland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BNP Paribas Bank</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><span><a href="http://www.jerseyfsc.org/pdf/Public_Statement_BNP_Paribas_Bank_July_2013.pdf" target="_blank">http://www.jerseyfsc.org/pdf/Public_Statement_BNP_Paribas_Bank_July_2013.pdf</a></span></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Jersey Financial Services Commission, Jersey</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="July272013"></a>27 July 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (29)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Capital Markets</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments:</td> <td><span>Firm is cloning details of a FCA EEA Authorised firm.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Fusion Capital Management</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Fidelity Global Recovery</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Rubin Price Securities</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Dean Witter Consultancy</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Rapid Exchange / Rapid Gold Inc.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/r.html#1133" target="_blank">http://www.sfc.hk/web/EN/alert-list/r.html#1133</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><span><strong>GERABANK ADMINISTRAÇÃO DE INVESTIMENTOS LTDA.</strong></span></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli713.doc" target="_blank">http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli713.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized portfolio management through the internet<br>webpage: <a href="http://www.gerabank.com.br/">http://www.gerabank.com.br</a></span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>MTR Global</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.bcsc.bc.ca/cautionperson.aspx?id=17730" target="_blank">http://www.bcsc.bc.ca/cautionperson.aspx?id=17730</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>British Columbia Securities Commission, British<br>Columbia</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BH FRANCE</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BRIDGESTONE TRADING</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>JONES FALLS SECURITIES</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>FINANCIAL ADVISORS ONLINE</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Apex International Consulting Group</span></strong></td> </tr> <tr> <td>Posted by:</td> <td><span><a href="http://www.jerseyfsc.org/pdf/Public_Statement_Apex_International_Consulting_Group_July_2013.pdf" target="_blank">http://www.jerseyfsc.org/pdf/Public_Statement_Apex_International_Consulting_Group_July_2013.pdf</a></span></td> </tr> <tr> <td>Comments:</td> <td><span>Jersey Financial Services Commission, Jersey</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://www.4xp.com/">www.4xp.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/FFF38596E6C14B0584824B1CEDEE6869.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/FFF38596E6C14B0584824B1CEDEE6869.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized to offer investment opportunities in the<br>Forex market to Brazilian residents by any means (online or other).</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://www.forexyard.com/">www.forexyard.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/FFF38596E6C14B0584824B1CEDEE6869.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/FFF38596E6C14B0584824B1CEDEE6869.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized to offer investment opportunities in the<br>Forex market to Brazilian residents by any means (online or other).</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/3A3C295B983443B7A579EDF2A568D14A.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/3A3C295B983443B7A579EDF2A568D14A.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized security intermediation activities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/B590A8EEBE9D48759FCDC43F59A47F6D.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/B590A8EEBE9D48759FCDC43F59A47F6D.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized security intermediation activities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/DCD4994A09274FADA94D02B6F3EDABEC.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/DCD4994A09274FADA94D02B6F3EDABEC.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized security intermediation activities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/B25B3D9FCB2E449B96637FF6E87B05D7.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/B25B3D9FCB2E449B96637FF6E87B05D7.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized security intermediation activities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/09290F3BD08C479BA7773F1AA76B9536.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/09290F3BD08C479BA7773F1AA76B9536.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized security intermediation activities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/E6DCFA5F97BE48AD9181D516EC5C3571.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/E6DCFA5F97BE48AD9181D516EC5C3571.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized security intermediation activities</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/D74BA9045EC44858B06C74C2F5C46412.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/D74BA9045EC44858B06C74C2F5C46412.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized to act as a broker, buy or sell<br>securities and to act as a Proxy regarding any securities transactions.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/ABEB8A02D2DC42429FE664B4EE51493B.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/ABEB8A02D2DC42429FE664B4EE51493B.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized security intermediation activities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td> </td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/dados/DocSai/E0CA130C72B84712AD25CCA01E9E88EE.doc" target="_blank">http://www.cvm.gov.br/dados/DocSai/E0CA130C72B84712AD25CCA01E9E88EE.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized security intermediation activities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>OBJETIVA GESTÃO E VENDAS S/S LTDA.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli712.doc" target="_blank">http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli712.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized offering of investment opportunities<br>through the page <a href="http://www.objetivaconsorcio.com.br/">http://www.objetivaconsorcio.com.br</a></span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>BWM INVESTMENTS LTDA.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli711.doc" target="_blank">http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli711.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized to publicly offer investment fund quotas<br>and security services through the internet webpage: <a href="http://www.bwminvestments.com/">http://www.bwminvestments.com</a></span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>MIDAS INVESTIMENTOS IMOBILIÁRIOS LTDA.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli705.doc" target="_blank">http://www.cvm.gov.br/asp/cvmwww/atos/Atos_Redir.asp?Tipo=D&amp;File=\deli\deli705.doc</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Comissão de Valores Mobiliários, Brazil</span></td> </tr> <tr> <td>Comments:</td> <td><span>Unauthorized offering of investment opportunities<br>through the page <a href="https://www.facebook.com/MidasInvestimentos">https://www.facebook.com/MidasInvestimentos</a></span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>United Capital Forex Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fscmauritiud.org/media/96818/united-capital-forex_limited.pdf" target="_blank">http://www.fscmauritiud.org/media/96818/united-capital-forex_limited.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services Commission, Mauritius, Republic of</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>Araxo Technologies Ltd (“Araxo4x”)</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fscmauritius.org/media/96815/araxo-technologies-ltd.pdf" target="_blank">http://www.fscmauritius.org/media/96815/araxo-technologies-ltd.pdf</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Services Commission, Mauritius, Republic of</span></td> </tr> <tr> <td colspan="2"> <h3><span>Deleted (1)</span></h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>RWANDA CASH</span></strong></td> </tr> <tr> <td>Link:</td> <td><span> </span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Services and Markets Authority, Belgium</span></td> </tr> <tr> <td>Comments:</td> <td><span>warning</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="July132013"></a>13 July 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (17)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://www.axa-a.com/">www.axa-a.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1117" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1117</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://azentuscapitalmanagement.com/">http://azentuscapitalmanagement.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1115" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1115</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://azentus-capital.com/">http://azentus-capital.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/h.html#1116" target="_blank">http://www.sfc.hk/web/EN/alert-list/h.html#1116</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>JP Premier International Holdings Limited</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/j.html#1114" target="_blank">http://www.sfc.hk/web/EN/alert-list/j.html#1114</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>AWI Financial</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/a.html#1113" target="_blank">http://www.sfc.hk/web/EN/alert-list/a.html#1113</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Jin Yu Heng Tong Investment Co Ltd</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/j.html#1112" target="_blank">http://www.sfc.hk/web/EN/alert-list/j.html#1112</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Dupont Securities</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/d.html#1111" target="_blank">http://www.sfc.hk/web/EN/alert-list/d.html#1111</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Leonard Ullrich Neuman</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/l.html#1110" target="_blank">http://www.sfc.hk/web/EN/alert-list/l.html#1110</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>IC Markets Hong Kong</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/i.html#1109" target="_blank">http://www.sfc.hk/web/EN/alert-list/i.html#1109</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>DS Forex</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/d.html#1108" target="_blank">http://www.sfc.hk/web/EN/alert-list/d.html#1108</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://www.franklinfund.us/">www.franklinfund.us</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/w.html#1107" target="_blank">http://www.sfc.hk/web/EN/alert-list/w.html#1107</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span><a href="http://www.shifu1.com/">www.shifu1.com</a></span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/chinese.html#1104" target="_blank">http://www.sfc.hk/web/EN/alert-list/chinese.html#1104</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><span><strong>Capstone Capital Group</strong></span></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>ESIP Finance</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments: </td> <td><span>Firm is cloning details of a FCA EEA Authorised firm.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Infineo24</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td> <p>Posted by: </p> </td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Factor Consulting Sp. z o.o.</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Unterstützungskasse für Arbeitnehmerschutz und<br>Vorsorge</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/unterstuetzungskasse-fuer-arbeitnehmerschutz-und-vorsorge-2.html" target="_blank">http://www.fma.gv.at/de/verbraucher/investorenwarnungen/nationale-warnmeldungen/detail-natwm/article/unterstuetzungskasse-fuer-arbeitnehmerschutz-und-vorsorge-2.html</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Market Authority, Austria</span></td> </tr> <tr> <td colspan="2"><span>Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information.</span></td> </tr> </tbody> </table> <table> <tbody> <tr> <td colspan="2"> <h2><a name="July62013"></a>6 July 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (12)</h3> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>The Best Investment Guide</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td>Comments:</td> <td>Firm is using similar name to FSA Authorised firms which are in no way linked to this company.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>AJ Nelson Consultants LLC</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>INTELLIGENT TRADING CORP.</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/4903-warning--non-authorized-entity--intelligent-trading-corp.html" target="_blank">http://www.supervalores.gob.pa/informacion-del-mercado/alerta-al-inversionista/4903-warning--non-authorized-entity--intelligent-trading-corp.html</a></td> </tr> <tr> <td>Posted by:</td> <td>Superintendencia del Mercado de Valores, Panama, Republic of</td> </tr> <tr> <td>Comments:</td> <td>Company not registered</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Q-BUSINESS SPRL</strong></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services and Markets Authority, Belgium</td> </tr> <tr> <td>Comments:</td> <td>warning</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>EDMUND ROME CORPORATE</strong></td> </tr> <tr> <td>Posted by:</td> <td>Financial Services and Markets Authority, Belgium</td> </tr> <tr> <td>Comments:</td> <td>warning</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Sheppard Capital Partners</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Wentworth Worldwide Ltd</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Stargate Advisors Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx" target="_blank">http://www.afm.nl/nl/consumenten/risico/waarschuwingen/waarschuwingenlijst-boiler-rooms.aspx</a></td> </tr> <tr> <td>Posted by:</td> <td>The Netherlands Authority for the Financial Markets, Netherlands, The</td> </tr> <tr> <td>Comments:</td> <td>The warning list “boiler rooms” contains the names of companies that have approached persons without being asked, to offer them investment proposals. The AFM has established that the companies that are included in this warning list do not have an AFM license or a European Passport.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>M&amp;B Capital Advisers</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=b%20capital%20advisers" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=b%20capital%20advisers</a></td> </tr> <tr> <td>Posted by:</td> <td>Comisión Nacional del Mercado de Valores, Spain</td> </tr> <tr> <td>Comments:</td> <td>This entity does not have any relationship with the Spanish entity M&amp;B Capital Advisers, S.A. that until 2012 was registered as a broker-dealer in the CNMV under the name M&amp;B Capital Advisers, S.A. Sociedad de Valores.</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Investment House Limited</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=investment%20house%20limited" target="_blank">http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=3&amp;nombre=investment%20house%20limited</a></td> </tr> <tr> <td>Posted by:</td> <td>Comisión Nacional del Mercado de Valores, Spain</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Apex International Consulting Group (AICG)</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong>Global Mergers Corporation</strong></td> </tr> <tr> <td>Link:</td> <td><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></td> </tr> <tr> <td>Posted by:</td> <td>Financial Conduct Authority, United Kingdom</td> </tr> <tr> <td colspan="2">Please click <a href="http://www.iosco.org/investor_alerts/" target="_blank">here</a> to go directly to the IOSCO Investor Alerts Portal for more information.</td> </tr> </tbody> </table> <p> </p> <table> <tbody> <tr> <td colspan="2"> <h2><a name="June292013"></a>29 June 2013</h2> </td> </tr> <tr> <td colspan="2"> <h3>Added (123)</h3> </td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>Novum Capital</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments: </td> <td><span>Firm is cloning details of a FCA Authorised firm.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Legacy Capital Management</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx" target="_blank">http://www.centralbank.ie/regulation/unauthorised-firms/Pages/list-search-unath.aspx</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Central Bank of Ireland, Ireland</span></td> </tr> <tr> <td>Comments: </td> <td><span>Legacy Capital Management is not authorised to provide investment services in Ireland. The firm purports to be based in the USA.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>JW. Capital Management Corporation</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.knf.gov.pl/en/About_us/Public_warnings/index.html" target="_blank">http://www.knf.gov.pl/en/About_us/Public_warnings/index.html</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Polish Financial Supervision Authority, Poland</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Hanson Business Services LLC</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Krisworld Development Limited doing business as<br>binaryoptionsxposed.com</span></strong></td> </tr> <tr> <td>Posted by: </td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments: </td> <td><span>Krisworld Development Limited doing business as binaryoptionxposed.com, option-world.com, bank-options.com and signaliforex.com is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>HFX Global Ltd. doing business as hfx.com</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20130627_hfx-global.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20130627_hfx-global.htm</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments: </td> <td><span>HFX Global Ltd. doing business as hfx.com is not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>European Caribbean Financial Group Ltd</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20130627_questus-vault-european.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20130627_questus-vault-european.htm</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments: </td> <td><span>European Caribbean Financial Group Ltd. (Belize) and its affiliates and representatives are not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span> </td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>Vault Emerging Market Treasuries Ltd</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20130627_questus-vault-european.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20130627_questus-vault-european.htm</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments:</td> <td><span>Vault Emerging Market Treasuries Ltd. (Canada) and its<br>affiliates and representatives are not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Questus Global Capital Market Ltd.</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.osc.gov.on.ca/en/Investors_wl_20130627_questus-vault-european.htm" target="_blank">http://www.osc.gov.on.ca/en/Investors_wl_20130627_questus-vault-european.htm</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Ontario Securities Commission, Ontario</span></td> </tr> <tr> <td>Comments: </td> <td><span>Questus Global Capital Market Ltd. (Canada) and its<br>affiliates and representatives are not registered to engage in the business of (i) trading in securities or (ii) advising anyone with respect to investing in, buying or selling securities.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Leonard Ullrich Neumann</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid" target="_blank">http://www.fca.org.uk/consumers/protect-yourself/unauthorised-firms/unauthorised-firms-to-avoid</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Financial Conduct Authority, United Kingdom</span></td> </tr> <tr> <td>Comments: </td> <td><span>Firm is cloning details of a previously FCA EEA<br>Authorised firm.</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Altree Financial Group</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/a.html#1102" target="_blank">http://www.sfc.hk/web/EN/alert-list/a.html#1102</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>Securities Africa</span></strong></td> </tr> <tr> <td>Link: </td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/s.html#1101" target="_blank">http://www.sfc.hk/web/EN/alert-list/s.html#1101</a></span></td> </tr> <tr> <td>Posted by: </td> <td><span>Securities and Futures Commission, Hong Kong </span> </td> </tr> <tr> <td><strong>Company:</strong></td> <td><strong><span>The Avanti Group</span></strong></td> </tr> <tr> <td>Link:</td> <td><span><a href="http://www.sfc.hk/web/EN/alert-list/t.html#1100" target="_blank">http://www.sfc.hk/web/EN/alert-list/t.html#1100</a></span></td> </tr> <tr> <td>Posted by:</td> <td><span>Securities and Futures Commission, Hong Kong</span></td> </tr> <tr> <td><strong>Company: </strong></td> <td><strong><span>Flex Capital Partners</span></strong></td> <