Aggregated News From Investment Management Regulators

MFSA Notice – Dennis Muscat – MFSA

Report/Flag

Please complete the required fields.



The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an individual by the name of Dennis Muscat. The Authority would like to inform the public in Malta and abroad, that Dennis Muscat is NOT licensed NOR authorised to provide any financial services in or from Malta.

Financial services may include the provision of investment advice, portfolio management, reception or transmission of orders and acting as nominee. The provision of these services as well as other financial services require prior authorisation from the MFSA. Certain legal arrangements, such as having in place certain powers of attorney given to individuals to undertake these services on a wide scale, are considered to be a means to attempt to circumvent the statutory requirements applicable to persons or entities which would require prior authorisation from the MFSA.

The MFSA would therefore like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the person or entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Financial regulations oblige licensed businesses to comply with strict legal requirements in the interest of investors and the markets. The activities of unlicensed entities are unregulated, making transactions with such entities pose serious risks for consumers.

A list of MFSA licensed entities is available and can be viewed on the official website of the MFSA at https://www.mfsa.mt/financial-services-register/.

Regulator Information

Abbreviation: MFSA
Jurisdiction: Malta

Recent Articles

Feedback Statement on Funding Financial Regulation and Designated Business Oversight

Published on: 14 May 2021 The Isle of Man Financial Services Authority has today published a Read more

Solid Invest

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Vision Introducer Ltd t/a Money Bonds Market (Clone of former Appointed Representative firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

CSA and IIROC issue reminder of the implementation date for mandatory transparency requirements related to debt securities

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) remind banks of mandatory transparency requirements that take effect on...

Get the latest from Regulatory.News in your inbox!

×