Aggregated News From Investment Management Regulators

MFSA Warning – Northway Brokers – Clone – MFSA

Report/Flag

Please complete the required fields.



The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity by the name of Northway Brokers which has an internet presence at https://www.northwaybrokersltd.com/. This website is making unauthorised use of a similar name and reference to the head office address of a Maltese registered company, Northway Broker Ltd.

Northway Broker Ltd had voluntarily surrendered its Financial Institutions Licence in July 2014. Whereas Northway Brokers purports to be “a regulated investment adviser serving institutional and private clients globally”.

The Authority would like to inform the public that Northway Brokers is NOT a Maltese registered company NOR is it authorised to provide any financial services in or from Malta. Additionally, https://www.northwaybrokersltd.com/ has NO association with Northway Broker Ltd.

The website https://www.northwaybrokersltd.com/ therefore appears to be a clone of the legitimate entity and the public should therefore refrain from undertaking any business or transactions with the false entity.

Registered Entity Clone
Northway Broker Ltd Northway Brokers Ltd
http://www.northwayfinancial.com/ https://www.northwaybrokersltd.com/
C 36144 N/A
2nd Floor, 2 Airways House,
High Street,
Sliema SLM 1549
2nd Floor, 2 Airways House,
High Street,
Sliema SLM 1549
Financial Institution licence in terms of the Financial Institutions Act – Licence surrendered voluntarily in July 2014  Unlicensed

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. A list of entities licensed by the MFSA can be viewed on the official website of the Authority at https://www.mfsa.mt/financial-services-register/.

For more information on clone companies please refer to the Scam Detection Guidelines issued by the MFSA at https://www.mfsa.mt/consumers/scams-warnings/typical-scams/. If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.

Regulator Information

Abbreviation: MFSA
Jurisdiction: Malta

Recent Articles

SEC Approves Registration of First Security-Based Swap Data Repository; Sets the First Compliance Date for Regulation SBSR

The Securities and Exchange Commission today announced that it has approved the registration of its first security-based swap data repository (SDR).

Regulation for a different world

Speech by our CEO, Nikhil Rathi, delivered at Association of Foreign Banks – CEO Programme 2021 – The UK Regulatory Landscape Post-Brexit and Beyond.  Speaker: Nikhil...

Keynote speech by the Chairman of the FSMA at a high-level conference on sustainability reporting organized by the European Commission

On Wednesday, 6 May 2021, Jean-Paul Servais, Chairman of the FSMA and Vice Chair of IOSCO, gave a speech at a major conference of...

Credit Suisse Bonds / Suisse Capital Wealth Bonds (Clone of FCA authorised firms)

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

www.myinvestmentoptions.co.uk

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

Get the latest from Regulatory.News in your inbox!

×