Author Archives: ETE

The FCA has secured a confiscation order of £586,711.01 against Mohammed Zina, a convicted insider dealer. The order must be paid within 3 months, or Mr Zina will face a further 5 years in prison. The confiscation order amounts to all of Mr Zina’s available assets. Therese Chambers, the FCA’s joint executive director of enforcement […]

Former financial advisor, Anthony Paul Torre, has pleaded guilty to three counts of stealing and two counts of fraud resulting in the misappropriation of $1,030,000 of client funds. Mr Torre appeared before the District Court of Western Australia on 28 January 2025 in relation to the offences committed between March 2010 to January 2015. Under […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today a new supervisory briefing aiming to align practices across the EU member states. The briefing, developed in close cooperation with National Competent Authorities (NCAs), promotes convergence and prevents regulatory arbitrage, providing concrete guidance about the expectations on applicant Crypto […]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the new quarterly liquidity assessment of bonds. As indicated previously quarterly publication of systematic internalisers (SI) have been (see ESMA’s news item). Bonds quarterly liquidity assessment ESMA has published the latest quarterly liquidity assessment for bonds available for […]

The FCA has secured a confiscation order of £5,963,376.15, against convicted fraudster Guy Flintham. Mr Flintham is serving a 6-year prison sentence having pleaded guilty to fraud by false representation. The fraudulent investment scheme operated by Mr Flintham took £19m from over 240 investors. He made several fraudulent claims to investors, including about how the […]

The FCA has set out proposals to make it easier for listed companies to issue corporate bonds that wealth managers and retail investors can buy. The FCA is consulting on a single standard for corporate bond prospectuses, covering both large and small (less than £100,000) bond sizes. This would reduce costs and barriers for companies […]

On 30 January 2025, CFSL (also known as Solaris EMI) entered special administration. Joshua James Dwyer and Robert Spence of Interpath Limited have been appointed as Joint Special Administrators. The Court decided to place CFSL into special administration on application by its directors. Joshua James Dwyer and Robert Spence of Interpath Limited were appointed as […]

The FCA and Practitioner Panel survey is being sent to all regulated firms so they can share their feedback on how the FCA regulates the industry. The survey is carried out on our behalf by VerianLink is external (formerly known as Kantar Public), an independent social research organisation. For the first time, the survey will […]

Small businesses employ approximately half of the private sector workforce and contribute more than $500 billion to the Australian economy each year. They are essential for Australia’s prosperity. ASIC assists small businesses by providing the information they need to operate lawfully, and by taking enforcement action against directors or companies when the law has been […]

Infinox Capital Limited (Infinox) has been fined £99,200 by the FCA for failing to submit 46,053 transaction reports which risked market abuse going undetected. To monitor, detect and disrupt market abuse effectively, the FCA needs to receive complete, accurate and timely transaction reports. Between 1 October 2022 and 31 March 2023, Infinox failed to submit […]