Morgan Stanley Wealth Management Australia required to amend false claim of independence LeapRate

August 27, 2018 BY Valentina Kirilova

Morgan Stanley Wealth Management Australia required to amend false claim of independence

Australian regulator ASIC has required Morgan Stanley Wealth Management Australia Pty Ltd (MSWMA) to amend a false claim of independence that could mislead consumers and investors. The claim was made in an ASX announcement released by Praemium Limited on 5 June 2018. The ASX announcement included a quote from MSWMA which described its business as…

August 27, 2018 BY Valentina Kirilova

Scammers nick $4.4M in 2018 from online bank access: ACCC

Scammers are increasingly catching out people by impersonating well-known businesses or the police so they can get access to computers and steal money or banking information. The ACCC’s Scamwatch website has recorded a significant spike in these types of scams, known as remote access scams, with more than 8000 reports recorded in 2018 so far…

August 27, 2018 BY LeapRate Staff

ATFX Forex weekly market update: August 27, 2018

The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Federal Reserve Chairman Powell further established the Fed's monetary policy in a speech at the Jackson Hole Global Bank Central Bank's annual meeting on last Friday. However, Powell revealed that the Fed’s monetary policy rate hike conditions must increase inflation rate…

August 26, 2018 BY LeapRate Staff

FX Industry Week Review: Forex comes to the Premier League, Binary Options ban extended, and lots more

Which Retail FX broker signed one of the largest sports sponsorships we've seen to date in the sector with not just one but seven (!) Premier League teams - and tied the deal to Bitcoin? For how much longer did ESMA extend its (temporary?) ban against offering Binary Options to retail traders in the EU?…

August 24, 2018 BY Valentina Kirilova

FCA warns against BlackRock Crypto Asset Management Limited clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm BlackRock Crypto Asset Management Limited. 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…

August 24, 2018 BY LeapRate Staff

CFTC wins $1M Bitcoin/Litecoin fraud trial against Patrick McDonnell and Coin Drop Markets

The CFTC has announced that a New York federal court entered final judgment ordering Patrick K. McDonnell of Staten Island, New York, and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), McDonnell’s New York-based company, to pay over $1.1 million in civil monetary penalties and restitution in connection with a lawsuit brought by the Commodity Futures…

August 24, 2018 BY Valentina Kirilova

Dukascopy adds new CFD bonds and indices for trading on LIVE

Geneva based Retail FX broker and bank Dukascopy has just announced that has extended the list of its CFD tradable instrument by introducing CFDs on Bonds. This new type of tradable instrument will see the introduction of German government bond (BUND.TR/EUR) and UK government bond (UKGILT.TR/GBP) at first, with the list of tradable bonds to…

LeapRate interview: Defense against toxic flow, Jeff Wilkins speaks

August 24, 2018 BY Valentina Kirilova

Green and Sustainable Finance Cluster Germany releases baseline report

The Green and Sustainable Finance Cluster Germany has issued its baseline report presenting an inventory of sustainability activities at the financial centre of Frankfurt/Main. The report is the first publication from this cluster, created in spring 2018 in a merger between the Green Finance Cluster Frankfurt of the Hessian Ministry of Economics and the Accelerating…

August 24, 2018 BY Valentina Kirilova

SFC launches investor identification for northbound trading

The Hong Kong Securities and Futures Commission (SFC) has announced that it has reached an agreement with the China Securities Regulatory Commission (CSRC) to implement an investor identification regime for northbound trading under Mainland-Hong Kong Stock Connect on 17 September 2018. The investor identification regime will facilitate more effective monitoring and surveillance by the CSRC…

August 24, 2018 BY Valentina Kirilova

CBA helps World Bank raise A$110 million with launch of ‘Bond-I’

The Commonwealth Bank (CBA) has helped its client, the World Bank, launch bond-i - the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology. CBA was mandated by the World Bank as arranger for the bond on August 10 and following a two-week consultation period with…