May 02, 2018 BY Valentina Kirilova

French AMF warns against crowdfunding advisor website

The Autorité des marchés financiers (AMF) has just issued a public warning regarding the activities of the website https://epargne-eco.fr/, proposing savers to invest in various projects and pretending to be a crowdfunding advisor (CIP) – or about to be registered. The website https://epargne-eco.fr/ offers investors the opportunity to invest in different kind of projects as…

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May 02, 2018 BY Valentina Kirilova

LCH begins clearing of non-deliverable interest rate swaps

The global clearing house LCH has just announced that it has begun clearing of non-deliverable interest rate swaps. Market participants are now able to clear this product denominated in Chinese Yuan, Korean Won and Indian Rupee. This is the first time that SwapClear has offered clearing of derivatives denominated in these currencies. Clearing for Chinese Yuan,…

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May 02, 2018 BY Valentina Kirilova

Diamond backed token Carats introduces Diamond Pricing Algorithm

Carats.io, the diamond backed token, has introduced a sophisticated algorithm to compare individual diamond grade and daily market conditions that will achieve the often elusive goal of objective and consistent pricing. Carats.io Diamond Pricing Algorithm (DPA) will price three million diamonds, all valued over one billion USD. The digitization achieves highly reliable accountability, stability, and…

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May 02, 2018 BY Valentina Kirilova

Australian regulator cancels Mackellar's AFS license

The Australian Securities and Investments Commission (ASIC) has announced that it cancelled the Australian Financial Services (AFS) license of NSW-based Mackellar Financial Services Pty Ltd (Mackellar). Mackellar's AFS license has been cancelled, following a suspension in October 2017, for continued failure to lodge financial statements and auditor's reports for a period of four years. Licensees…

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May 02, 2018 BY Valentina Kirilova

Market maker Virtu hires Evercore and Deutsche Bank veteran Pete Candler for execution services

Virtu Financial, Inc. (Nasdaq:VIRT), a technology enabled global market maker, has just announced that it hired Pete Candler to help develop and grow its execution services business. Virtu, an electronic market maker and execution service provider, offers its execution technology and transparent post trade analytics to buy-side and sell-side clients. Candler is a seasoned professional…

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May 02, 2018 BY Valentina Kirilova

SEC shuts down $85 million ponzi scheme

The Securities and Exchange Commission (SEC) announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an asset freeze, and expedited discovery. The SEC’s complaint alleges that Arthur Lamar Adams lied to investors…

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