Russia’s commission for the regulation of relations on financial markets KROUFR said on Thursday it has received an increased number of complaints related to binary option trading in July 2016. The number of complaints against forex and binaries brokers the commission received in July slightly increased over the month to 27 in total, two of which were against KROUFR members.

The Spanish financial services watchdog has flagged another forex broker for unlawfully soliciting its services to the public.

Comisión Nacional del Mercado de Valores (CNMV), Spain’s securities markets watchdog, today added retail forex broker Your Trade Choice to its warning list, cautioning the public against conducting business with this entity.

Stover Limited

01 Август 2016 Автор
Опубликовано в Articles

We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

However, some firms act without our authorisation and some knowingly run scams like share fraud

Debido a que las quejas de fraude que enviaron los usuarios afectados por el broker Your Trade Choice fueron muchas continuamos con la segunda parte de los testimonios que se recibieron sobre este broker estafador.

A continuación adjuntamos un testimonio enviado por Daniel Ifill donde se detalla la estrategia que utiliza Your Trade Choice para defraudar a sus clientes.

defraudadores del mercado de divisas forex

Casino developer One Hundred Sands has failed to give clear answers on possible dealings with a New Zealander convicted of Securities Act breaches in Dunedin.

Nicolaas Jan Carel also known as Nico Francken has been found guilty of making untrue statements in an internet advertisement while he was a director of a company which issued securities to the public.

Francken has since been linked to fundraising efforts for the casino to be based outside Denarau in Nadi.

One Hundred Sands Chair, Larry Claunch speaking to FBC News from New York in the United States says Francken’s involvement with the casino project has not yet been finalized.

Nicolaas Jan Carel (Nico) Francken

The drab old-fashioned office building on Dunedin's Moray Place seems an unlikely base for legal action against a Balkan republic and a US$400 million ($480m) claim against a Greek-owned bank.

It also seems an unlikely address to be linked to overseas court proceedings involving convicted money launderers, fraudsters and an American right-wing extremist, now apparently deceased.

The Dunedin address is the registered home of Guardian Fiduciary Trust, formerly known as Capital Conservators Savings & Loan.

The current sole director of Guardian Fiduciary is one Nikola Stanojevic, of Novi Sad in Serbia, but it is the company's previous directors who drive the action.

Nicolaas Jan Carel (Nico) Francken
Nicolaas Jan Carel (Nico) Francken

Dunedin businessman loses appeal over false offer documents

A prominent Dunedin businessman has lost his appeal against conviction for making untrue statements in an internet advertisement while he was a director of a company which issued securities to the public.

In the process, Nicolaas Jan Carel (Nico) Francken has also lost a bid to have his name permanently suppressed.

Francken and his wife Irina own Corstorphine House, a luxury private hotel in Dunedin which has feted actress Gwyneth Paltrow, her singer-husband Chris Martin, and the Prince of Wales.

SecCom warns about investment scheme

22 Июль 2016 Автор
Опубликовано в Articles
Irina Medvedeva - Francken & Nicolaas Jan Carel (Nico) Francken

Hotelier Nico Francken, who appears to be the owner of the upmarket Corstorphine House botique hotel in Dunedin, has landed in hot water with the Securities Commission.

It is not his first brush with notoriety.

In July, as the sole director of an insurance company named Contractors Bonding, Mr Francken was named as a defendant in a class action suit seeking damages for the sale of allegedly non-existent insurance to cab drivers in Atlanta, Georgia, USA.

Now, another of Mr Francken's ventures, WKF Asset Management, has been singled out by the Securities Commission for special mention as part of a ban on advertising by an investment scheme run by Global FX Secure Trust II.

Warning - Investments Illegally Offered By Global Fx Secure Trust

The Securities Commission has banned advertisements for investments in the Global FX Secure Trust II.
The investments are offered by Global FX Secure Pte Limited (Global FX). Global FX is incorporated in Singapore. However, the directors and controlling shareholders, Dr Nico and Mrs Irina Francken, are New Zealand residents. Dr and Mrs Francken operate a Dunedin-based company called WKF Asset Management Limited, which is referred to in the offer.

The Commission believes the offer does not comply with the law. "To be offered in New Zealand this scheme must have a registered prospectus and an investment statement", Commission Chairman Jane Diplock says. "Global FX does not have these documents."