Newsletter


Weekly newsletter - year XXIV - No. 19 - 14 May 2018

Commission decisions:

N.B. measures adopted by Consob are published in the Bollettino and, where envisaged, also in the Gazzetta Ufficiale. This newsletter summarises the more important or general measures and their disclosure here is therefore merely to update readers on Commission activities.


- NEWS OF THE WEEK -

CONSOB INVESTOR PROTECTION WARNINGS FROM OTHER AUTHORITIES

The National Commission for Companies and the Stock Exchange, in accordance with article 7-octies, letter b) of the Consolidated Law on Finance (TUF), has ordered the following companies to cease infringement of article 18 of the TUF consisting of the offer and performance of investment services and activities to the Italian public, put in place by:

The National Commission for Companies and the Stock Exchange has also prohibited, in accordance with art. 99, paragraph 1, letter d) of the TUF, the offer of "investment packages" to the Italian public promoted by Five Winds Asset Management, including through the website https://fivewindsam.com and the Facebook page www.facebook.com/FiveWindsOfficial (resolution n. 20419 of May 8, 2018). The activity was previously suspended with resolution n. 20301 of February 14, 2018 (see "Consob Informa" n. 7/2018).

The National Commission for Companies and the Stock Exchange also reports that the company Compendium Value Limited, with offices in London and secondary offices in Rome, is not authorised to carry out door-to-door selling of financial instruments.


INVESTOR PROTECTION WARNINGS FROM OTHER AUTHORITIES

The supervisory authorities of the United Kingdom (Financial Conduct Authority - FCA), Sweden (Finansinspektionen), Switzerland (Swiss Financial Market Supervisory Authority - FINMA), Poland (Polish Financial Supervision Authority - KNF), Ireland (Central Bank of Ireland), Spain (Comisión Nacional del Mercado de Valores - CNMV), Belgium (Financial Services and Markets Authority - FSMA), Hong Kong (Securities and Futures Commission - SFC), British Columbia (British Columbia Securities Commission - BCSC), Austria (Financial Market Supervision - FMA), and Australia (Australian Securities and Investments Commission - ASIC), report the companies and websites offering investment, financial and insurance services without the required authorisations.

Reported by the FCA:

  • Capzone Invest Ltd. t/a HQ Broker (www.hqbroker.com), with declared offices in Hong Kong;
     

  • Finance Lenders (http://finance-lenders.co.uk), with declared offices in London;
     

  • Marc Hermann Wealth Management (www.mhwealthmanagement.com), with declared offices in London, clone of the authorised company Marc Hermann with offices in France (reference n. 723339);
     

  • Amalgamated Properties Limited (http://amalgamatedproperties.com), clone of an authorised company;
     

  • Get Your Loans (www.getyourloans.co.uk), with declared offices in London, clone of the authorised company Nouveau Finance Limited (www.nouveaufinance.com), reference n. 727348;
     

  • Whitman Law Group (www.whitmanlq.com), with declared offices in Boston (USA);
     

  • Atwood Stanley Asset Management (www.atwoodstanley.com), with declared offices in Geneva and Dubai.

Reported by the KNF:

  • eXbino.com;
     

  • Fundusz Hipoteczny Yanok, with declared offices in Krakow.

Reported by the Finansinspektionen:

  • SpearTrader (www.speartrader.com), with declared offices in London.

Reported by the FINMA:

  • Capital Credit Guarantee Llc (www.capitalcreditguarantee.com) with declared offices in Wilmington (Delaware) and branch in Melide (Switzerland);
     

  • www.privat-onlinenpb.com.

Reported by the Central Bank of Ireland:

Total International C.P.A. Ltd, with declared offices in the United States.

Reported by the CNMV:

  • Bali Limited Ltd / Winmore Alliance (www.pointinvestmentgroup.com);
     

  • http://criptorobot.com;
     

  • Grupo Gmi S.l, Coaching & Company (www.curso-forex.es);
     

  • International Markets Live (www.imarketslive.com) to which Mr D. Eduardo Arjona Moyano is associated.

Reported by the FSMA:

  • Schalom and Gerson / Sg Finance Sprl;
     

  • Meadows Financial;
     

  • Lambert & Sons Incorporated / Lambert and Sons Incorporated;
     

  • Hollis Kookmin Financial;
     

  • Burton Mills.

Reported by the SFC:

  • Hong Kong Fengying Holding Company Limited (www.huiyinghuanqiu.com), with declared offices in Hong Kong and London;
     

  • Zhonglian International Finance Group / Zhonglian Financial Group (www.zljt.com.hk, www.zlgj.hk), with declared offices in Hong Kong.

Reported by the BCSC:

  • Sterling and Ross Advisory Sa, with declared offices in the Cayman Islands.

Reported by the ASIC:

  • Nbr Trading Co Ltd (Aka Nbr Trading Yokohama), with declared offices in Japan;
     

  • Federal Mergers & Securities Board, with declared offices in Oregon (USA);
     

  • Hokkaido Investments Sp /Aka Capzone Invest Ltd (www.hqbroker.com), with declared offices in the Marshall Islands;
     

  • Ads Quality Financial Services, with declared offices in Perth, Australia;
     

  • Redfield Markets Ltd manager of the trading platform PlusOptions (www.plusoption.com), with declared offices in Romania and London;
     

  • Kingsley Capital Partners Inc (www.kingsleycp.com), with declared offices nel North Carolina (USA);
     

  • Howard James Group Uk (www.howardjamesgroup.co.uk), with declared offices in London;
     

  • NostroBank (www.nostrobank.com), with declared offices in Zurich;
     

  • Keyds Lydya Ltd (Aka Keyds Scotland), with declared offices in Scotland and the Marshall Islands;
     

  • China Pacific Capital (www.china-pacific-capital.com), with declared offices in Hong Kong.

Reported by the FMA:

  • www.kbcapitals.com, with declared offices in the Marshall Islands and in Vienna;
     

  • Joshua Trade Eood and Joshua Development Ltd with declared offices in Bulgaria, Dominican Republic, London and Frankfurt;
     

  • Rlcmn Capital Sk Sro, with declared offices in Slovakia.

***

The Belgian supervisory authority (FSMA), has also updated the list, on its website (www.fsma.be), of cryptocurrency trading platforms in relation to which it has received questions or reports from investors and for which fraudulent activity was found.


CONSOB DAY ON JUNE 11 IN MILAN

 CONSOB's annual meeting with the financial market will be held on Monday June 11, 2018 in Milan. The CONSOB Day event will take place at Palazzo Mezzanotte in Piazza degli Affari. The President's speech, by Mr Mario Nava, will begin at 10:45. The detailed schedule for the day will be published in the coming days.


CONSOB: EXTENSION OF THE TEMPORARY APPOINTMENT OF THE MANAGER FOR CORRUPTION PREVENTION AND TRANSPARENCY

The Commission has extended the appointment of Ms. Marina Cichetti, Manager of the Internal Control Office, as Manager for Corruption Prevention and Transparency until December 31, 2018, in accordance with Italian Law n.190/2012. This appointment was allocated temporarily from January 1, to February 28, 2018 and was previously extended to April 30, 2018 (resolution n. 20421 of May 8, 2018).

The Manager for Corruption Prevention and Transparency is responsible for completely autonomously and effectively performing all the activities required by law and, in particular: a) drafting the proposal of the Three-year corruption prevention plan, for submission to the Commission for approval; b) the exercise, in full autonomy, of the powers envisaged by law for carrying out corruption prevention duties, including those concerning the enforcement of obligations regarding transparency under Italian Legislative Decree no. 33/2013.


CONSOB – CATTOLICA SEMINARS ON BANKING AND FINANCE: NEW EVENT FOR THE 2017/2018 ACADEMIC YEAR

A new seminar as part of the cycle of events on banking and finance for the 2017-2018 academic year, organised by CONSOB and the Università Cattolica del Sacro Cuore, Department of Economic and Business Management Sciences, will be held on Friday May 18, 2018 from 11:30 in Room 100 of the Università Cattolica, entrance at Via Necchi 9, Milan.

The seminar, led by Andrea Polo (Universitat Pompeu Fabra) will be entitled "Hedger of last resort: evidence from Brazilian fx interventions, local credit and global financial cycles".

Participation in the event is open to anyone and free of charge. For information: www.unicatt.it/segesta, dip.segesta@unicatt.itm, telephone: (+39) 02.72342467.


- COMMISSION DECISIONS -

taken or made public during the week
(the documents with a link or underlined in the printed edition are immediately available in the respective sections of the website www.consob.it; the other measures will be available in the next few days) 

Prospectuses

  • The supplement to the registration document and the base prospectuses relating to the public bid programmes for certificates issued by Banca Aletti & c. Spa have been approved (decision of May 8, 2018).

  • The registration document and four supplements to the base prospectuses relating to the public bid programmes and/or listing of bonds and certificates issued by Banca Imi Spa have been approved (decision of May 8, 2018).


CONSOB INFORMS (Rome Tribunal Registration no. 250 of 30/10/2013) Chief Editor: Manlio Pisu - Editorial board: Antonella Nibaldi (coordinator), Claudia Amadio, Riccardo Carriero, Luca Cecchini, Laura Ferri, Alfredo Gloria - Address: CONSOB Via G. B. Martini, 3 - 00198 Rome - telephone: (06) 84771 - fax: (06) 8417707. Documents or reports can be submitted via the interactive section of the web site www.consob.it, where CONSOB INFORMA can also be consulted via the "newsletter" link.