After Goldman Sachs came down with its own cryptocurrency (Circle USD Coin - through its startup, Circle), now the next digital asset tied to another fiat currency is coming to life. The idea of "stablecoins", or digital currencies whose value is pegged to a fiat currency is a rather innovative idea, one that some argue…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm CF Partners. 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…
Read moreThe Financial Industry Regulatory Authority (FINRA) announced today that it has fined Industrial and Commercial Bank of China Financial Services LLC (ICBCFS) $5.3 million for systemic anti-money laundering (AML) compliance failures, including its failure to have a reasonable AML program in place to monitor and detect suspicious transactions, as well as other violations, including financial,…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm AXA IM. 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…
Read moreLetter of Credit transaction facilitated bulk shipment of soybeans for Cargill HSBC Holdings plc (NYSE:HSBC) and ING Bank just anounced that they have successfully executed a live trade finance transaction for international food and agriculture conglomerate Cargill using R3’s Corda scalable blockchain platform. The blockchain transaction involved a bulk shipment of soybeans from Argentina, through Geneva’s…
Read moreCboe Global Markets, Inc. (Nasdaq: CBOE) has announced the settlement of the May expiry Cboe bitcoin (XBT) futures, the fifth contract settlement (January, February, March, April) conducted since the contract was introduced last December. The settlement price was $8,238.49, as determined by the 4:00 p.m. ET Gemini1 Exchange bitcoin auction. Cboe bitcoin futures, the first…
Read moreThe Australian Securities and Investments Commission (ASIC) announced that it has permanently banned financial adviser Ezzat-Daniel Nesseim from providing financial services. ASIC found that Mr Nesseim engaged in misleading and deceptive conduct, that he was not of good fame or character, and that he was likely to contravene a financial services law. In the course…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Clear Loans. 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…
Read moreThe Hong Kong Securities and Futures Commission (SFC) announced that it has reprimanded and fined Citigroup Global Markets Asia Limited (Citi) $57 million after resolving concerns with Citi over its discharge of duties as a sponsor in relation to the listing application of Real Gold Mining Limited (Real Gold). An SFC investigation revealed that Citi…
Read moreCboe Global Markets, Inc. (Nasdaq: CBOE) announced that it has welcomed new issuer Salt Financial, a provider of data, ETF and index products, to the Cboe ETF Marketplace. The Salt truBeta™ High Exposure ETF (Cboe: SLT) is passively managed and the strategy targets magnified exposure to large and mid-cap stocks across a broad range of…
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