tZERO and BOX Digital Markets LLC have announced they have entered into a joint venture, which is expected to become the world’s first regulated exchange for trading security tokens. Security tokens are electronic tokens defined as “securities” under U.S. law. The joint venture will seek approval from the U.S. Securities and Exchange Commission (SEC) prior…
Read moreAkon is one of the very well known songwriters and singers in the United States. He is of a Senegalese ascent and to be worth around $80 million. Akon is now entering the cryptocurrency hype by intending to launch his very own digital coin - the Akoin. The story behind the coin and his idea…
Read moreThe U.S. Securities and Exchange Commission (SEC) has announced that it has charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty. According to the SEC’s order, Merrill Lynch falsely informed customers that it…
Read moreUK 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 Coin Boost Inc. Coin Boost Inc. is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Cardiff Savings and Loans Ltd. 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…
Read moreFinancial Industry Regulatory Authority (FINRA) announced today that a FINRA hearing panel permanently barred broker Bruce Martin Zipper of Miami, FL, for continuing to conduct firm business while serving a three-month suspension. The hearing panel also expelled his firm, Dakota Securities, from FINRA membership for not adequately supervising Zipper, allowing him to associate while suspended…
Read moreForex brokerage solutions provider MahiFX has announced the launch of its latest product, MFX Echo. According to MahiFX, information is vital to traders and with a vast amount of data across a range of venues it is often a challenge for traders to make informed decisions. MFX Echo is a trade analysis, liquidity visualisation and…
Read moreFinastra has informed the public that it has acquired Malauzai, a provider of mobile and Internet banking solutions for community financial institutions. The deal reflects Finastra’s commitment to the US retail and business banking sectors by further enabling digital transformation for community banks and credit unions across the country. Credit unions and community banks are…
Read moreItiviti, the global provider of multi-asset trading technology and financial infrastructure, today announced a new alliance with Syspower, a Taiwanese provider of trading solutions. The partnership will allow Syspower to scale up its existing network with the 700+ brokers accessible through Itiviti’s NYFIX network, paving the way for international outreach. Syspower already benefits from a…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Publiczny Kapital Oszczednosci. 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…
Read more