The Financial Markets Authority (FMA) has just issued a warning against a company called MBI International and/or MFC Club. Reason for warning: The FMA informed that it is concerned that a Malaysian based loyalty scheme, MBI International also trading as MFC Club (MFC Club) is being promoted in New Zealand. The regulator has received reports…
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Shyft, a global blockchain-based network that facilitates secure sharing of attested and compliant data has announced the signing of a Letter of Understanding with Polymath, the security token creation platform. As part of the future partnership, Polymath will become an active ecosystem participant and data provider for the Shyft Network, acting as both a Trust…
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Australian cryptocurrency trading platform Blockbid has announced its partnership with Australia’s source for Bitcoin and cryptocurrency education, Nugget’s News. The partnership will not only provide the secure exchange with even greater security but will also see the exchange become the first exchange worldwide to partially outsource their coin auditing. The partnership further adheres to Blockbid’s…
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Neufund, a Berlin-based Blockchain protocol for securities’ tokenization and issuance has announced its collaboration with MSX, an innovation vehicle of the Malta Stock Exchange (MSE), and a partnership with Binance, one of the biggest cryptocurrency exchanges globally. The aim of both ventures is to create a regulated and decentralized, global stock exchange for listing and…
Read moreThe Securities and Exchange Commission (SEC) announced that it has charged a Connecticut-based investment advisory firm and its chief executive officer with putting $19 million of investor money, including elderly investors’ retirement savings and pension plans, in risky investments and secretly pocketing hefty commissions from those investments. The SEC’s complaint alleges that Temenos Advisory Inc.…
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The value of fines imposed by the Financial Reporting Council (FRC) jumped 23% to £17.96 million in 2017/18, up from £14.59 million in 2016/17, information giant Thomson Reuters (NYSE:TRI) reported earlier today. Thomson Reuters said that the rise in fines comes as the FRC responds to pressure to crack down on failures at audit firms.…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Boston based investment management giant Fidelity Investments, through its FMR LLC subsidiary, has recently sold down some of its stake in online gaming and financial trading provider Playtech PLC (LON:PTEC). Fidelity was one of Playtech's largest shareholders with a 5.06% interest in the company, worth about £82…
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However, the FCA noted that there is no reciprocal “TPR” arrangement from the EU, for UK firms looking to continue doing business with EEA clients. How might this temporary permissions regime look? What else is concerning the FCA at this stage, less than nine months before a Hard Brexit might take hold? The full text of Nausicaa…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of June 2018. The average daily traded volume submitted to CLS was USD1.899 trillion up 5.9 percent from USD1.793 trillion in May 2018. Average daily traded volume submitted to…
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Multi-asset execution and order management systems company FlexTrade has just announced that Albar Capital Ltd., a new hedge fund led by Javier Velazquez (formerly of Millennium Capital Partners LLP), is now trading equities and futures using FlexNOW, FlexTrade’s new execution management system. The FlexNOW team was instrumental in solving several of our problems,” said Jason Ruder,…
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