Aggregated News From Investment Management Regulators

Regulatory Action against Mr Melvyn Mangion – MFSA

Report/Flag

Please complete the required fields.



The Malta Financial Services Authority (“MFSA” or “the Authority”) decided that Mr Melvyn Mangion can no longer be deemed as being fit and proper and to hold any approved positions.

REGULATORY ACTION

On 28 August 2020, the MFSA has decided that that Mr Melvyn Mangion can no longer be deemed as being fit and proper and in terms of Article 15(2) of the Investment Services Act and Article 16(2)(b) of the Malta Financial Services Authority Act, is prohibiting him to act, in any capacity, as an approved person with any entity licensed or otherwise authorised by the Authority, or to be personally licensed, authorised, enrolled, registered or otherwise approved by the Authority for a period of ten (10) years from the date of this decision.

PUBLICATION

This regulatory action is being published in terms of the powers vested in the Authority under Article 16(8) of the Malta Financial Services Authority Act and as part of the Authority’s standard enforcement policy, any administrative sanction, of whatever type.

This decision may be appealed before the Financial Services Tribunal in accordance with applicable law.

Source link

Regulator Information

Abbreviation: MFSA
Jurisdiction: Malta

Recent Articles

The AMF presents an initial overview of SFTR reporting data

Based on the recommendations of the Financial Stability Board, the European Securities Financing Transactions Regulation (SFTR), enacted in November 2015, has made it possible to establish greater tr

SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million

The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings.

HQ Trade

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

searchinvestments-uk.com

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

highestfixedrates.com

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!

×