This list was obtained from the official FCA website.
Considering this:: No of results your search returned: 3063 Total Pages: 613 It will take too long to copy all of them on to here! Please use the link above to access the page on the FSA site I copied them from. On that page you will be able to click on each name to view more information.
Below are the first 8 pages which covers from August 28, 2014- today, September 23 2014
Pertains to ALL accounts up to and including NASDAQ Level II accounts
Please read the statement below. Warn anyone you know who invests thru Merril Lynch in ANY form at all (mutual funds, securities, stock, all forms of investing)
SEC Rule 606 Reports – Merrill Lynch, Pierce, Fenner & Smith Incorporated
Disclosure Information: Material Aspects of Relationships with Venues to Which Customer Orders are Routed Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”) is a broker-dealer that executes customer orders as agent and/or principal and receives remuneration for performing these execution services. MLPF&S acts as a registered market maker in numerous Nasdaq securities and may execute customer orders in such securities on a principal basis. MLPF&S also may principally commit capital to facilitate customer transactions or serve as the contra-side to customer orders executed internally through one of the alternative trading systems operated by MLPF&S.
Investors should understand that MLPF&S stands to realize 100% of any profits or losses generated when MLPF&S trades as agent and/or principal in respect of customer orders.
Aside from holdings that MLPF&S may acquire from time-to-time as part of its ordinary market making, block positioning, client facilitation and related hedging activities, MLPF&S (or an affiliate under common control) may acquire equity stakes in market centers as part of a strategic investment. In this regard, MLPF&S or an affiliate owns a minority equity investment stake in the following market centers and therefore stands to participate as a shareholder/investor in the profits that each market center realizes in part from the execution of securities transactions, including transactions that may involve orders for the accounts of MLPF&S customers: (i) BATS Exchange, (ii) BIDS ATS, (iii) NYSE Amex, (iv) Chicago Stock Exchange, (v) Direct Edge Holdings (EDGA Exchange, EDGX Exchange and ISE Stock Exchange), (vi) eBX/LeveL ATS, (vii) NYSE Arca, (viii) NYSE Amex, (ix) CBOE C2, (x) Nasdaq Options Market, (xi) Nasdaq OMX Phlx.
Additionally, MLPF&S is affiliated with Merrill Lynch Professional Clearing Corp. (“ML Pro”), which acts as a market maker on certain options exchanges, including the CBOE, CBOE C2, ISE, BATS Exchange, NYSE Arca, NYSE Amex, Nasdaq Options Market and Nasdaq OMX PHLX. Accordingly, MLPF&S may stand to indirectly share in the profits or losses that ML Pro generates by transacting as options market maker, including transactions that may involve orders for the accounts of MLPF&S customers.
MLPF&S routes customer and proprietary orders to national securities exchanges, alternative trading systems, electronic communications networks, and broker-dealers. Based on their fee schedules, certain market centers offer credits for orders that provide liquidity to their books and assess fees for orders that take liquidity from their books. In some cases, the credits offered by a market center to MLPF&S over a period of time may exceed the charges assessed. MLPF&S participates in the options order flow programs sponsored by the NYSE Amex Options, CBOE, ISE, NYSE Arca and PHLX. These exchange-sponsored programs offer payments for listed option orders that are directed to such options markets.
I’m now researching the UK business documents and will post that info in a separate post. Link to the UK data on their website is here:
Comment in Global Wealth Management documents :
Where this communication is sent by a branch of Merrill Lynch International Bank Limited, please note that mutual fund materials are only directed at persons to whom, and are distributed only to persons to whom, unregulated collective investment schemes may be promoted in accordance with the rules of the UK Financial Services Authority, including in particular Rule 3.11 of the Conduct of Business sourcebook (“relevant persons”). Such investments are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such investments will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on these materials. Merrill Lynch does not operate as a banking entity in all jurisdictions.
while its detailing that only the person whom it was sent to is whom can act on the offer- it reveals that the Financial Services Authority in UK allows Unregulated Collective Investment Schemes!
The Financial Services Authority is in charge of Regulating financial services – so why would it permit unregulated activities to be promoted to anyone?
FCA fines US trader £600,000 for market manipulation
The Financial Conduct Authority has fined US based high frequency trader Michael Coscia £600,000 for deliberate manipulation of commodities markets.
The fine marks the first time the regulator has taken action against a high frequency trader.
The FCA found between September and October 2011 Coscia used a self-designed algorithmic programme to abuse markets through a “layering” strategy.
Coscia placed thousands of false orders for Brent Crude, Gas Oil and Western Texas Intermediate futures from the US on the ICE Futures Europe exchange in the UK.
Coscia made profits of $280,000 by taking advantage of price movements through his layering strategy at the expense of other traders.
FCA director of enforcement and financial crime Tracey McDermott says: “Mr Coscia was cheating the market and other participants. High Frequency Trading and the use of algorithms are an important and commonplace part of the markets nowadays but in this case these techniques were deliberately designed to abuse the market, undermining its integrity. This is unacceptable, which is why we have taken tough action to punish Coscia and deprive him of any benefit he acquired.”
The US regulator has imposed a similar fine on Coscia for manipulation of American markets.
resource link: http://www.fca.org.uk/news/warnings/sfva-finance-clone
____________________________-__SFVA Finance (Clone of FCA EEA Authorised Firm)
This statement is to advise members of the public that an organisation identifying itself to UK citizens as:
SFVA Finance (Clone of FCA EEA Authorised Firm)
Address: 14 Portland Terrace
Hampshire SO14 7ED
Tel: 0238 106 7951
Fax: 0238 005 1292
is not authorised under the Financial Services and Markets Act 2000 (FSMA) to carry on a regulated activity in the UK. Regulated activities include, amongst other things, advising on investments and dealing and arranging deals in investments (‘investments’ include stocks and shares). We believe that the organisation may be targeting UK customers.
This entity is using a similar name, refers to the Paris address and FCA Firm Registration Number of a FCA EEA Authorised firm. The following firm has no association whatsoever with the organisation described above that is identifying itself as SFVA Finance:
FCA Firm Registration Number: 483948
EEA Passport to the UK for Insurance Mediation or Reinsurance Mediation Activities
What does this mean for you?
If you are an investor, you should be aware that the Financial Ombudsman Service and the Financial Services Compensation Scheme are not available if you deal with an unauthorised company or individual.