The Cyprus Securities and Exchange Commission (CySEC) has just informed the public that it has reached a settlement with CIF AFX Capital Markets Ltd. The settlement is for the amount of €50.000. The Company has paid the amount of €50.000. The complete text of the regulator’s decision can be seen below: Announcement date: 28.09.2018 Board decision date:…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Interfinancial. 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 part of their tactics to scam…
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Forex and CFD technology solutions provider Spotware Systems has just announced that its cTrader ID Site, a personal cabinet of cTrader platform users holding a cTrader ID, has been completely revamped and relaunched, becoming an ultimate gateway to the cTrader ID features and benefits. Commenting on the launch, Panagiotis Charalampous, Head of Community Management at Spotware,…
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B21, the first mobile-focused personal wealth manager exclusively for cryptoassets, has announced the establishment of an approved enterprise trading account with the digital asset exchange OKCoin. The partnership agreement with OKCoin will expand the portfolio of currency pairs available on the B21 platform and enhance B21’s order execution and price discovery capabilities across exchanges, directly…
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At its meeting on 27 September, the Supervisory Board of Moscow Exchange (MOEX) resolved to expand its strategic partnership with the Kazakhstan Stock Exchange (KASE) and approved the acquisition of an equity stake in the company. The decision comes as part of MOEX’s agreement with the KASE signed in April 2018. Moscow Exchange plans to…
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Endor, the predictive analytics engine leveraging blockchain infrastructure, has announced that Dr. Stuart Haber, one of the founders of blockchain technology and influencer of the original Satoshi whitepaper, will be joining its scientific advisory board. Dr. Haber will provide expert advice and direction on scientifically advanced technological and product developments. Dr. Haber said: Endor’s application…
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The U.S. Securities and Exchange Commission (SEC) has announced that it has filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins. According to the SEC’s complaint, 1pool Ltd. a/k/a 1Broker, registered in the Republic of the Marshall Islands,…
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Not too surprisingly, pan European regulator ESMA has decided to extend its CFD and Forex leverage cap (and related rules) beyond the three month trial period which will end on November 1. However, ESMA did give 'something back', relaxing one of the more annoying marketing related rules it instituted (see bold text below). Interestingly, the three…
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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 KontoFX. KontoFX is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
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The Securities and Exchange Commission (SEC) has announced that it has charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc. (NASDAQ:TSLA), with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. On August 7, 2018, Musk tweeted to his 22 million Twitter followers that…
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