UK Regulator Clamps Down on 1,400% More Rogue Financial Ads in 2022
The United Kingdom Financial Conduct Authority (FCA) rejected 8,582 financial promotions in 2022 and sought their amendment or removal by authorized firms. This is approximately 1,400% more than the 573 financial promotions the regulator kicked against in 2021. FCA disclosed the figures on Friday in a statement, noting that it published over 1,800 scam alerts […]
BaFin Says Online Broker MainTrade Not Authorized
The Federal Financial Supervisory Authority (BaFin), Germany’s financial industry regulator, announced on Friday that online broker MainTrade.co is not authorized to operate in the country. The brokerage firm is also not under BaFin supervision, the regulator said. The new update comes a few days after the regulator urged consumers in the country to beware of […]
French Regulator Unfolds Action Plan and Supervisory Themes for 2023
The French Financial Markets Authority (AMF) has disclosed its top focus areas of action and supervisory priorities for 2023. The watchdog announced the new plan on Monday in a statement published on its website. The regulator’s priorities for action include to promote retail investors-focused finance, actively work with the European Securities and Markets Authority (ESMA) […]