August 08, 2018 BY Valentina Kirilova

Sonus Networks Inc. charged with misleading revenue projections

The Securities and Exchange Commission (SEC) has announced that it has charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges. According to the SEC’s order, Sonus Networks Inc.’s former CFO, Mark Greenquist, was…

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asic ban
August 08, 2018 BY Valentina Kirilova

ASIC bans individual from providing financial services

Australian regulator ASIC has just announced that it has permanently banned Mr Brody Glenn Jarman of Yarrawonga, Victoria from providing financial services. Mr Jarman was banned following an ASIC investigation into his dealings with client money while working as an insurance broker. In February 2016, he pleaded guilty in the Cobram Magistrates Court to seven…

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acquisition
August 08, 2018 BY Valentina Kirilova

CurrencyFair acquires China payments provider Convoy

CurrencyFair, a provider of International Money Transfer services to consumers and businesses worldwide has today announced a major expansion into Asia through the acquisition of Hong Kong based, Convoy Payments Limited (Convoy Payments), a subsidiary of Convoy Global Holdings Limited (Convoy Global, Stock code: 1019.HK). This acquisition accelerates CurrencyFair’s entry into the Asian market and…

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fca warning
August 07, 2018 BY Valentina Kirilova

FCA warns against Prestige Financial Markets firm

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 Prestige Financial Markets. Prestige Financial Markets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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bscs warning
August 07, 2018 BY Valentina Kirilova

New Zealand FMA warns against scam company Caledonia Investment Company Limited

The Financial Markets Authority (FMA) has just issued a warning against a scam company called Caledonia Investment Company Limited. Caledonia Investment Company Limited ASSOCIATED ENTITIES/INDIVIDUALS: Mark Peterson, Peter Baker and James Wright ADDRESS: 42 Des Voeux Road Central, Wan Chai, Hong Kong WEBSITE: http://www.caledoniainvestcompltd.com/ EMAIL: [email protected] REASON FOR WARNING: The FMA has received a report…

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fca warning clone firm
August 07, 2018 BY Valentina Kirilova

FCA warns against Loans Hub clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans Hub. 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…

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Mathieu Ghanem ADSS
August 07, 2018 BY LeapRate Staff

Exclusive: Mathieu Ghanem of ADSS on rebrand, ESMA changes, crypto trading, and more

LeapRate Exclusive Interview... There has been a lot of change swirling lately at global broker ADSS - a rebranding of the company from ADS Securities, senior management changes, preparing for ESMA, and dealing with a new cryptocurrency trading clientele. We are very pleased to speak today with Mathieu Ghanem, Managing Director, Global Head of Sales and Marketing…

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STOXX Low Carbon products licensed to Italian bank IMI
August 07, 2018 BY Valentina Kirilova

STOXX Global 1800 Index with best monthly showing since January

STOXX Ltd., the operator of Deutsche Börse Group’s index business and a global provider of innovative and tradable index concepts, has just released its STOXX Research Monthly Index News for the month of July. Global equity indices rose by the most in six months in July, as buoyant economic and corporate data helped turn investors’…

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ATFX teams up with major payment providers for LATAM and the Middle East
August 07, 2018 BY Valentina Kirilova

Nigerian Stock Exchange launches X-Pay, promotes cashless economy

The Nigerian Stock Exchange (NSE) has announced the launch of X-Pay on Friday, August 3, 2018. X-Pay, the e-payment platform for the Exchange, will enable users to conveniently make payments for products, services, events and trainings offered by the bourse. X-Pay can be accessed on PCs, tablets, smartphones and other mobile devices. With features like…

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