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The UK Financial Conduct Authority has stated that PINEXFINANCECHAIN is not authorised to provide financial services in the UK. Individuals dealing with this firm will not have access to the Financial Ombudsman Service or protection from the Financial Services Compensation Scheme.
The UK Financial Conduct Authority has warned that VirPoint is not authorised and may be targeting people in the UK. The regulator notes that dealing with this firm would not provide access to the Financial Ombudsman Service or protection from the FSCS.
Halo Financial Limited has entered special administration, with joint special administrators from BTG Begbies Traynor (Central) LLP appointed to manage customer claims and return funds where possible. The firm had previously agreed to a voluntary undertaking restricting its payment services activities.
The Hong Kong Securities and Futures Commission and the China Securities Regulatory Commission have launched a coordinated enforcement initiative targeting cross-border securities and fund-related activities. The move follows an SFC sweep of 12 licensed brokers and signals heightened regulatory scrutiny of Hong Kong intermediaries serving Mainland Chinese investors.
