Day: December 18, 2024

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today launched a consultation on draft Technical Standards (RTS) to establish an EU code of conduct (EU CoC) for issuer-sponsored research. The EU CoC sets out standards of independence and objectivity for research providers and specifies procedures and measures for …

ESMA consults on EU code of conduct for issuer-sponsored research Read More »

The FCA has charged John Dance with 9 criminal offences, including multiple counts of fraud and money laundering. John Dance was principal partner at WealthTek LLP (formerly known as Vertus Asset Management LLP (Vertus)), a wealth management firm. Prior to WealthTek obtaining direct authorisation from the FCA in 2020, Vertus operated first as a trading …

FCA charges John Dance with offences related to WealthTek Read More »

Latest research reveals that young investors are making important investment decisions in a matter of hours, rather than taking the time to check out whether the product is right for them in the long-term. A quarter of young investors admit they make investment decisions impulsively to keep up with current trends. £550 is average spend …

FCA finds two-thirds of young investors take less than 24 hours to make investment decisions Read More »

ASIC obtained orders on 21 October 2021 appointing receivers to, and an injunction against, A One Multi Services Pty Ltd (AOMS) which was suspected to be engaging in unlawful activity. The Court appointed receivers John Ross Lindholm and Timothy James Michael (who was subsequently replaced by William Colwell) (Receivers) to manage AOMS and to preserve …

ASIC successfully defends Receivers’ application for indemnity Read More »

More than 500 retail clients of Oztures Trading Pty Ltd, trading as Binance Australia Derivatives (Binance), were denied important consumer protections after being misclassified as wholesale clients, ASIC alleges in documents filed in the Federal Court. ASIC alleges from 7 July 2022 to 21 April 2023, Binance offered crypto derivative products to 505 Australian retail …

ASIC sues crypto company Binance Australia Derivatives for consumer protection failures Read More »