LeapRate Exclusive... Continuing its global hiring spree, LeapRate has learned that FCA regulated institutional FX and CFDs broker Global Market Index Limited (GMI UK) has brought on board Koji Miura as the company's new head of its GMI Japan business. GMI has made a number of other senior hires recently, but mainly in the UK. We…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm SP Financial Management Limited trading as Ubanka. 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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CySEC regulated retail forex and CFDs broker JFD Brokers has announced that it has just launched a brand-new digital asset management solution. It allows the retail investors to get exclusive access to a marketplace of preselected top performing strategies with a proven track record verified by the portfolio management division of the company. For the…
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Following newly introduced regulations and its direct effect on all EU brokers, global FX and investment group Credit Financier Invest (CFI) has introduced a new EU-Specific Institutional package. The company stated that in addition to its tight spreads and deep liquidity, it now offers to its EU partners a new product that will help them comply…
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The Australian Securities and Investments Commission (ASIC) has approved the Australian Financial Complaints Authority (AFCA) Complaint Resolution Scheme Rules and the Terms of Reference of the AFCA Independent Assessor (IA). ASIC is required to approve material changes to the AFCA scheme under the Corporations Act, 2001. This is a key part of ASIC’s role in…
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FINRA has just announced that it filed a complaint against Timothy Tilton Ayre of Agawam, Massachusetts, charging him with securities fraud and the unlawful distribution of an unregistered cryptocurrency security called HempCoin. This case represents FINRA’s first disciplinary action involving cryptocurrencies. In the complaint, FINRA alleges that, from January 2013 through October 2016, Ayre attempted…
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Venezuela already introduced its very own state-backed cryptocurrency, called the Petro in an attempt to save the drowning economy and help people. The idea of a cryptocurrency becoming an official currency in any country still seems out there, as most countries do not have regulatory power over digital money. The Marshall Islands consists of more…
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The financial industry has not made up its mind when it comes to cryptocurrency regulation. However, one of the strictest regulators in the United States, The New York Department of Financial Services (NYDFS) has approved the launch of two stablecoins, both pegged to the US Dollar. The investors behind the project are the Winklevoss brothers,…
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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 Mace, Parry and Associates. The Financial Markets Authority (FMA) has issued a warning against the same company earlier this year. Mace, Parry and Associates is not…
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FINRA has released a white paper outlining recent regulatory technology (RegTech) developments within the securities industry and potential opportunities and implications these technologies may have for broker-dealers. The report follows an in-depth review conducted by FINRA on the emergence of RegTech tools within the securities industry and summarizes the study’s key findings. Notably, FINRA highlights…
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