May 31, 2018 BY Valentina Kirilova

MAS warn investors about trading on unregulated online platforms

The Commercial Affairs Department (CAD) of the Singapore Police Force and Monetary Authority of Singapore (MAS) have advised the public to exercise extreme caution when dealing with unregulated online trading platforms. CAD and MAS have received an increasing number of complaints from members of the public involving losses from unregulated online trading platforms over the…

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May 31, 2018 BY Valentina Kirilova

SFC fines Hang Seng Investment Management Limited $3 million for regulatory breaches

The Hong Kong Securities and Futures Commission (SFC) has informed that it has reprimanded and fined Hang Seng Investment Management Limited (HSIM) $3 million for its failure to comply with regulatory requirements on cash management involving SFC-authorized funds. The SFC’s disciplinary action followed an independent review jointly agreed by the SFC and HSIM. The review…

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May 31, 2018 BY Valentina Kirilova

FX settlement company CLS invests in R3 financial blockchain platform

Enterprise blockchain software firm R3 has announced that it has secured a strategic investment from CLS, the market infrastructure group delivering settlement, processing and data solutions. CLS will work with R3 to explore how Corda, R3’s enterprise blockchain platform, can be deployed to improve efficiencies for its members, including 70 of the world’s leading financial…

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May 31, 2018 BY Valentina Kirilova

SEC charges investment professional in $8 million scam

The Securities and Exchange Commission (SEC) has informed the public that it has charged a former registered representative with defrauding long-standing brokerage customers in an $8 million investment scam. According to the SEC’s complaint, Steven Pagartanis, who was affiliated with a registered broker-dealer, told some investors – including retirees who had been Pagartanis’s customers for…

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May 31, 2018 BY Valentina Kirilova

FCA warns against Escrow Global clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Escrow Global​​​​. 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 to…

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May 31, 2018 BY Valentina Kirilova

IS Prime extends liquidity distribution network with Gold-i Matrix Net

FX liquidity and prime brokerage services provider IS Prime has just announced that it has extended its partnership with Gold-i by distributing its multi-asset liquidity via Gold-i’s recently launched Matrix Net. Matrix Net enables Prime of Prime brokers and Liquidity Providers to distribute liquidity to brokers who use Gold-i’s Matrix, MT4 Bridge and MT5 Gateway products.…

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May 31, 2018 BY Valentina Kirilova

iBanFirst adds Turkish Lira to its foreign currency portfolio

iBanFirst, a platform specialized in multi-currency transactions for companies, has just announced that it has added the Turkish Lira to its foreign currency offer. iBanFirst customers will now be able to have a dedicated account for their Turkish Lira transactions; allowing them to receive and issue payments directly in the foreign currency as well as allowing…

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