Australian regulator ASIC announced that it has banned Queensland financial adviser James Cribb from providing financial services for four years and suspended his Australian financial services (AFS) license, held by Mode AFSL Pty Ltd (Mode), for 10 weeks. ASIC found that Mr Cribb failed to act in his clients' best interests when providing advice on…
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Bitcoin is currently rising and many are wondering why. As of this writing, Bitcoin is worth around $7,403 according to major exchanges. Bitcoin futures, on the other hand, seem to be experiencing a steady growth after the product was launched in December 2017, when Bitcoin was hitting $20,000. Both CBOE and CME launched Bitcoin futures.…
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LeapRate Exclusive Interview... We're pleased to speak today with Barry Flanigan, Head of Electronic Trading Solutions at IS Prime, to find out more about his views on the issues facing Retail FX brokers, and of course what's going on with IS Prime. LR: Hi Barry, and thanks so much for joining us today. First off,…
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Shenzhen Stock Exchange (SZSE) and China Securities Depository and Clearing (CSDC) have officially released the Provisional Measures on Bond Pledge-style Tri-party Repo Transactions and Settlement (Provisional Measures) to further improve the mechanism for repo transactions and relevant services to market participants. Meanwhile, to elaborate on and specify relevant matters in the Provisional Measures, SZSE also…
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The European Securities and Markets Authority (ESMA) has published today supplementary guidance on the application of the endorsement regime for non-EU credit ratings under the Credit Rating Agencies Regulation (CRAR). In order to ensure that third-country credit ratings, which are endorsed for use by EU investors, meet requirements which are at least as stringent as…
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Singapore Exchange (SGX) announced that it has welcomed Koufu Group Limited to its Mainboard under the stock code “VL6”. Started back in 2002, Koufu Group Limited is one of the most established operators and managers of food courts and coffee shops in Singapore, with a presence in Macau. Koufu has diversified revenue streams from its…
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Fonetic, a voice processing, compliance and surveillance technology company, announced that it has selected three industry veterans to create a new product advisory board. Nick Child, Sandy Broderick and Oliver Blower will provide Fonetic with expert advice on regulatory compliance, surveillance and technology. The purpose of the advisory board is to ensure each solution that…
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Many UK businesses aren’t making the most of the security and trust advantages brought by blockchain technology according to Applied Blockchain, one of the UK’s developers of distributed ledger technology and smart contract specialists, with over 20 startup and enterprise clients including Shell, who recently invested in the company. A lot of companies are trying…
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The Securities and Futures Commission (SFC) announced that it has banned Mr Poon Chun Hing from re-entering the industry for 30 months from 18 July 2018 to 17 January 2021. The disciplinary action follows an SFC investigation which found that in July 2015, Poon offered to invest for a friend, and agreed not only to…
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B21, the mobile-focused personal wealth manager exclusively for crypto assets, has announced a partnership with Salus Alpha, a licensed and regulated investment provider for retail and institutional clients. Through this partnership, B21 will list Salus Alpha’s Smarter than Crypto (STC) top 20 by market cap index fund, an actively managed closed cap fund for retail…
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