For the second month in a row, it looks like Forex and multi-asset trading volumes have fallen by more than 20% at Copenhagen based Retail FX broker Saxo Bank. After reporting record volumes in February, total volumes fell by 23% in March and now again by another 21% in April at Saxo Bank. For April,…
Read moreThe Autorité des marchés financiers (AMF) has been warning and protecting savers with regard to the dangers of highly-speculative trading for several years now. Its legal action since 2014 to block access in France to illegal websites has resulted in the closure of 138 addresses. Faced with the expansion of proposed Forex and binary option…
Read moreShyft, a company redefining the KYC/AML infrastructure for the global economy, has just published its whitepaper outlining the blockchain framework for the standardization of regulatory, compliance and due diligence mandates for Know Your Customer (KYC) and Anti-Money Laundering (AML). According to surveys from Thomson Reuters’ KYC business unit, firms with greater than $10 billion USD…
Read moreThe Nova Scotia Securities Commission (NSSC) has just warned investors that 1st Trade Options/First Trade Options is not registered to sell securities in Nova Scotia. 1st Trade Options claims to be a full service options trading company located in Panama City, Panama. 1st Trade Options and its representatives solicited at least one Nova Scotia resident…
Read moreEze Software, the premier provider of global investment technology, announced today that it has released the newest version of its enterprise-wide investment management solution, Eze Investment Suite 2018. The latest release of Eze Investment Suite continues to build on Eze’s mission of providing unified and streamlined access to technology for the entire investment management operation,…
Read moreThe Monetary Authority of Singapore (MAS) just informed the public that it has issued a 4-year prohibition orders against Mr Lim Fang Wee. The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service under the Financial Advisers Act (FAA), as well as taking part…
Read moreAustralian regulator ASIC announced that it has disqualified Paul Tattersall, of Western Australia, from being an approved auditor of self-managed superannuation funds (SMSF) for breaching independence requirements. ASIC found that Mr Tattersall had breached the auditor-independence requirements of APES 110 Code of Ethics for Professional Accountants in auditing his own fund and the fund of…
Read moreBelize financial regulator IFSC has issued a Warning Notice regarding a company called Binary options & Forex Inc. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of…
Read moreSIX Swiss Exchange announced that it has just launched its new international microwave-based trading connections in Europe. The Swiss exchange offers the service through its new Zurich-based joint-venture 12H AG (12H) with the shareholders of the microwave solutions provider 12Horizons Pte Ltd. Microwave technology allows trade data for all securities listed at SIX to be…
Read moreInvestment company Leucadia National Corp (NYSE:LUK) - which is in the process of rebranding itself to Jefferies Financial Group - has issued its 10Q quarterly report for Q1-2018, providing an update among other things on its outstanding loan to Retail FX broker FXCM Group. In the big picture, Leucadia reported that to date (as of March…
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