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 Lisk Finance. Lisk Finance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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LeapRate Exclusive... LeapRate has learned that a new CySEC licensed Retail FX brokerage has launched called Fondex, at website fondex.com. Fondex is a multi-asset CFD brokerage that is launching using Spotware’s cTrader updated platform: a 3-in-1 solution that has integrated manual, copy and automated trading functionalities. We spoke with Fondex CEO Alex Katsaros about the launch…
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Chinese manufacturer of household appliances listed in Prime Standard Qingdao Haier Co., Ltd. (ISIN: CNE1000031C1) was listed in the Prime Standard on the Frankfurt Stock Exchange today, Deutsche Börse Cash Market announced earlier. The shares of the Chinese household appliance manufacturer were quoted at €1.06 at the start of trading. The issue price was €1.05.…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX broker solutions provider Finotec Trading UK Limited has posted a loss in its latest financial year of 2017, amidst what seems to be a second major shift in strategy at Finotec in as many years. The previous year (2016), Finotec indicated that it was busy building…
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The Securities and Exchange Commission (SEC) has announced it has agreed to a settlement with Christopher A. Faulkner—the self-proclaimed “Frack Master”—in connection with his wide-ranging securities-fraud scheme that raised over $80 million from hundreds of investors nationwide. Faulkner has simultaneously entered into a plea agreement relating to the same misconduct under which he will serve…
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Information giant Thomson Reuters (NYSE:TRI) has announced that it has signed a definitive agreement to acquire Integration Point, a global trade management (GTM) operations company. The completion of the acquisition is subject to customary regulatory approvals and closing conditions. Terms of the transaction were not disclosed. Recent debate over trade agreements like TPP, the United…
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Financial Services Superintendent Maria T. Vullo has just announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase Custody Trust Company LLC, a wholly-owned subsidiary of Coinbase Global, Inc., to operate as a limited purpose trust company. Coinbase Inc. has held Money Transmitter and Virtual Currency licenses from…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Dartalon Ltd t/a Greenfields Capital and GFCInvestment. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as…
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The blockchain and cryptocurrency market are constantly facing regulatory backlash from around the world. The SEC in the US has just launched a special fintech office to better understand, and eventually, help regulate the ever growing market. Now, China has stepped up and has proposed certain blockchain-related regulations that may help the rest of the…
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Coinbase has just added its first stablecoin for its customers to "enjoy". According to the blog post that the company posted, the new coin will be none other but Circle's USD Coin or simple USDC, which is fully collateralized by the US dollar. Starting from today, October 23th, Coinbase users will be able to transact…
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