Regulatory Information

USI Capital, the trading name of Universal Securities and Investments Limited. Registered in England No. 5187654. Registered Office: Suite 501, International House, 223 Regent Street, London W1B 2QD. Authorised and regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. Registered as a Money Services Business by HM Revenue & Customs under the Money Laundering Regulation 2001..

The information within this site is based on our understanding of current law and practice and is subject to any changes of legislation or regulations.

The Services of USI Capital are provided by Universal Securities and Investments  Limited who is authorised and regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. (FCA Register Number 574754).

Market Abuse

The Market Abuse Directive adopted by the UK on 1st July 2005 expressly prohibits insider dealing, market manipulation and misleading behaviour. Making statements or spreading rumours through the mass media or otherwise (e.g. internet chat rooms) which give or are likely to give a regular user of the stock market false or misleading impressions as to the supply of or demand for a listed share, can be a criminal offence.

There are three main types of market abuse that are outlined below:

Misuse of information – Behaviour based on information which is not generally available, which if known, would be relevant to an investor’s dealings in a particular stock. This is effectively dealing or encouraging someone else to deal using information about a stock that has not been released to the market.

Creating a false or misleading impression – Behaviour likely to give a false or misleading impression with regard to the supply and demand, or the price or value of an investment or stock.

Internet bulletin boards are a popular mode of communication between investors, but these areas can be open to market abuse. For example: a person may post a message about a stock’s profitability or a company’s activities in order to incite other people to invest in the stock.

Distorting the market – Behaving in a way that leads to the manipulation of the price of an investment. This behaviour could lead to a false impression of the market price to investors.

Penalties

The Financial Conduct Authority has the power to impose an unlimited financial penalty on any individual (whether or not they are employed in the financial sector) where it can be proven that market abuse has occurred.

You can find further information about the Market Abuse Directive on the Financial Conduct Authority website at http://www.moneymadeclear.fca.gov.uk/ or call 0300 500 5000 

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