fma warns against unregulated company
July 19, 2018 BY Valentina Kirilova

NSSC issues a cease trade order against Ocean Links Investments

The Nova Scotia Securities Commission (NSSC) announced that it has issued a cease trade order against Ocean Links Investments Inc. The company, a Nova Scotia community economic development corporation, violated securities laws by failing to file continuous disclosure documents. The director of corporate finance ordered Ocean Links Investments Inc. to comply with Nova Scotia securities…

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fma warning
July 19, 2018 BY Valentina Kirilova

New Zealand FMA warns against MBI International or MFC Club

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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July 19, 2018 BY Valentina Kirilova

Shyft partners with security token creation platform Polymath

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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Cryptocurrency trading platform Blockbid teams up with Nugget’s News
July 19, 2018 BY Valentina Kirilova

Cryptocurrency trading platform Blockbid teams up with Nugget’s News

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 presents a public offering of equity on the blockchain
July 19, 2018 BY Valentina Kirilova

Neufund partners with Malta Stock Exchange and Binance

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…

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July 19, 2018 BY Valentina Kirilova

Temenos Advisory's CEO charged with misleading retail investors

The 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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playtech offices
July 19, 2018 BY LeapRate Staff

Exclusive: Fidelity sells down Playtech stake to below 5% after earnings miss

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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FCA regulation
July 19, 2018 BY LeapRate Staff

FCA approach to Brexit: temporary passports and cliff edge risks

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 trading volumes
July 19, 2018 BY Valentina Kirilova

CLS reports record traded volumes in H1 2018

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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