Australian regulator ASIC has announced that it has disqualified Jason Andrew Hammond of Cameron Park, NSW, from managing companies for the maximum period of five years as a result of his involvement in three failed companies. ASIC found that Mr Hammond: improperly used his corporate position by causing assets to be transferred for little or…
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LeapRate Exclusive Interview... One thing seems certain nowadays - the advent of blockchain and cryptocurrencies is going to change the world of finance in general, and the FX trading industry in particular. How that will happen, however, isn't quite as clear. One group which seems to have a vision is 180 Capital, which is launching…
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The Financial Markets Authority (FMA) has just issued a warning against a bitcoin broker called USI-Tech. USI-Tech Website: https://usitech-int.com/ Reason for warning: USI-Tech is not registered on the Financial Service Providers Register to provide financial services in New Zealand. FMA considers that the operations of the entity bear the hallmarks of a scam, therefore strongly…
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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 ArielBank Plc. ArielBank Plc is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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SharesPost, a provider of liquidity solutions to the private growth asset class, has announced that Huobi, China’s largest cryptocurrency and blockchain token exchange and second largest worldwide, has joined the Global Liquidity and Settlement System network (GLASS). When GLASS becomes operational, Huobi will be able to settle secondary trades of digital securities by U.S. investors…
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Copenhagen based Retail FX and CFDs broker Saxo Bank has reported its results for the first half of 2018, indicating an overall slowdown in business. On the top line, in what the company said was a period with low market volatility and the introduction of a new competitive pricing structure, Revenue for the Group reached…
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Swarm, the blockchain for private equity, has announced that pre-funding of the Robinhood Equity Token (RHET) is now live on the Swarm platform. Starting today, accredited investors can reserve their stake in a fund created for the purpose of holding equity in Robinhood. The first security token of its kind, once the minimum funding goal…
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Following its recent US acquisition of iPayment Holdings, Inc., payments solutions provider Paysafe (LON:PAYS), parent company of Skrill and NETELLER, has announced it plans to sunset the iPayment brand and replace it with its own recently re-launched brand identity and ‘Plug into Paysafe’ proposition. The over-hauled Paysafe brand strategy, which was revealed in May, and is…
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The Securities and Exchange Commission (SEC) has announced that Ameriprise Financial Services Inc. will pay $4.5 million to settle charges that it failed to safeguard retail investor assets from theft by its representatives. According to the SEC’s order, five Ameriprise representatives committed numerous fraudulent acts, including forging client documents, and stole more than $1 million…
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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 Schroeder Law Firm. Schroeder Law Firm is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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