Tag: censures

  • FCA censures London Capital & Finance for unfair monetary promotions

    The UK Monetary Conduct Authority (FCA) has censured London Capital & Finance (LCF) for its unfair and deceptive monetary promotions of minibonds. The FCA doesn’t take into account it applicable to impose a monetary penalty on the agency as it’s bancrupt and in administration. To take action would solely divert funds that the directors could…

  • NZ watchdog censures Aurora Monetary for deceptive purchasers

    New Zealand’s Monetary Markets Authority (FMA) has censured Aurora Monetary Group Restricted for deceptive current and potential purchasers about KiwiSaver returns. Following a overview, the FMA discovered that Aurora Monetary materially contravened two market companies licensee obligations, sections 19 and 22 of the Monetary Markets Conduct Act 2013. Aurora Monetary – a monetary recommendation supplier…