The Financial Conduct Authority (FCA) has announced that it has banned Darren Lee Newton from working in the financial services sector. The FCA discovered Mr Newton used customers’ money for the purchase of the debt management firm, First Step Finance Limited. This showed a serious lack of honesty and integrity. The FCA has decided that…
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Amun AG, a Swiss fintech special purpose company that is launching exchange-traded products in the cryptocurrency space, has informed that it has hired Mark Rodino as Managing Director & Global Head of Distribution. Rodino joins the Amun team in preparation for a new suite of financial products in the form of Exchange Traded Products (ETPs)…
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The Monetary Authority of Singapore (MAS) has released a consultation paper on the creation of pre-defined sandboxes, known as Sandbox Express, to complement the existing FinTech Regulatory Sandbox that was launched in 2016. The aim is to enable firms which intend to conduct regulated activities to embark on experiments more quickly, without needing to go…
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Forex, CFDs and cryptocurrency derivatives trading broker ThinkMarkets has just announced that it has extended its CFD product offering to include global equities. The firm now covers trading in equity derivatives contracts from North America, Europe & Asia financial markets. The new instruments will be available on the firm’s proprietary trading platform, Trade Interceptor. In…
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Nasdaq (Nasdaq: NDAQ) has announced the appointment of a new Chairman and two non-executive members of the Board of Nasdaq Nordic Ltd: Peter Norman, as the new Chairman, and Carl Löfgren and Merja Karhapää as Board members. Lars Wedenborn, Chairman of Nasdaq Nordic, has stepped down after serving on the Board for nine years and…
Read moreThe EU and UK have reached a provisional agreement over Brexit but before anyone gets too excited or disappointed, there are big hurdles to overcome to get the draft deal approved on all sides first. U.K. Prime Minister Theresa May has to get her Cabinet of ministers and then a majority of parliament to approve…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company C. Letlid Loan and Finance Ltd. C. Letlid Loan and Finance Ltd is not authorised by the FCA but has been targeting people in the UK…
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For the first time since mid 2017, Playtech founder and (former) controlling shareholder Teddy Sagi has sold shares in the company. Regulatory filings in the UK indicate that Teddy Sagi's Brickington Trading Ltd holding company sold 5 million Playtech shares earlier this week, for proceeds of approximately £23.2 million (USD $30.2 million). The sale takes Mr.…
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LCH, a global clearing house, has announced that it has received approval for an extension to its clearing licence from the Japanese Financial Services Agency (FSA). The licence extension was granted on 31 October 2018 and enables LCH’s ForexClear service to clear FX non-deliverable forwards (NDFs) on behalf of banks and clients based in Japan.…
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Financial technology provider PrimeXM has announced that it has appointed Andreas Charalambous as its new Head of Global Sales, to work with both the sales and customer support teams and create a robust client user experience. We had reported exclusively last month that PrimeXM's (now former) head of sales Richard Bartlett had joined FX broker…
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