The Securities and Exchange Commission (SEC) has announced that it has charged a New Jersey-based broker with misusing his access to customers’ brokerage accounts to enrich himself and family members at the expense of his customers, many of whom had entrusted him with their retirement accounts. The SEC uncovered the alleged fraud with data analysis…
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LeapRate Exclusive... LeapRate has learned that London based FX liquidity and prime brokerage services provider IS Prime has become a prime (no pun intended) beneficiary of the new ESMA Negative Balance Protection rules, with the company experiencing a surge in business from Cyprus based clients following regulator CySEC's ruling on both 125k (i.e. matched principal) and 730k…
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CySEC licensed Retail FX and CFDs broker BDSwiss has announced the launch of its new forex educational portal, the BDSwiss Trading Academy. The company aims to deliver a useful set of tools for novice and advanced traders alike, offering its clients a 360° educational solution. A wealth of video courses, tutorials and live webinars educate learners…
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SDL (LSE: SDL), a global content management, translation and digital experience firm, has announced a strategic partnership with Alibaba Cloud, the cloud computing arm of Alibaba Group (NYSE:BABA), to launch a co-developed solution designed to help global brands launch and grow their digital business across the China and Asia markets. China, which represents the globe’s…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bestinvest. 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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Geneva based Retail FX broker and bank Dukascopy has shared that its ChatBot allows full access to the Bank's services. In this manner the Bank has achieved its first stage of reconstitution around the Dukascopy Connect 911 messenger and is opening up for projects involving artificial intelligence. Dukascopy Bank's ChatBot is an ordinary chat between…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill continues its strong growth in key performance indicators with robust financial results for the first half of 2018. The Group’s consolidated net profit amounted to $14.97 million whereas the total trading volume came in at $624 billion, almost doubling last year’s first half…
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Australia based private equity manager CHAMP Private Equity has announced that its CHAMP IV Funds have entered into an agreement to exit its investment in Pepperstone, one of the largest Australia based Retail FX brokerage groups. CHAMP had first invested in Pepperstone in 2016. Going forward the business will be owned by Pepperstone’s founders, and its…
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The Autorité des Marchés Financiers (AMF) has informed the public that it has added Maxence Delorme to the Enforcement Assistance Department (DICS). Maxence Delorme joined the AMF on 3 September 2018 as Director of the DICS and advisor to Marie-Hélène Tric, Chairman of the Enforcement Committee, having been Deputy Public Prosecutor and Head of the…
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The Administrative Appeals Tribunal (AAT) has informed the public that it has upheld the decision of ASIC to ban former Perth financial adviser Mr Jason Sean Atkins from providing financial services for three years. Mr Atkins provided advice to clients to establish a self-managed superannuation fund (SMSF) and use limited recourse borrowing arrangements to fund…
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