April 02, 2018 BY Valentina Kirilova

Prominent pastor charged in scheme to defraud elderly investors

The Securities and Exchange Commission (SEC) announced that it has charged the pastor of one of the largest Protestant churches in the country and a self-described financial planner in a scheme to defraud elderly investors by selling them interests in defunct, pre-Revolutionary Chinese bonds. The SEC's complaint alleges that, in 2013 and 2014, Kirbyjon Caldwell,…

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April 02, 2018 BY Valentina Kirilova

FCA warns against Personal Loan Now clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Personal Loan Now. 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…

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April 02, 2018 BY LeapRate Staff

Cboe FX (Hotspot) March trading cools down 14% to $38.1 billion ADV

After setting two consecutive trading volume records in January and February, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a marked decline in activity during March. After reporting daily average trading volumes of $44.3 billion in February 2018 and $42.6 billion ADV in January to…

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March 30, 2018 BY Valentina Kirilova

Dukascopy launches BTC/USD for Europe clients

Several days ago, Geneva based Retail FX broker Dukascopy has announced that the Bitcoin to US Dollar (BTC/USD) is available for regular self trading LIVE accounts of Dukascopy Bank. Dukascopy is now expanding the instrument list for Dukascopy Europe clients. Bitcoin to US Dollar (BTC/USD) with leverage 1:3 has been added for LIVE trading. The launch…

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March 30, 2018 BY Valentina Kirilova

FCA warns against KayaFX firm

UK 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 KayaFX. KayaFX is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

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March 30, 2018 BY Valentina Kirilova

CSA publishes amendments related to reselling securities of foreign issuers

The Canadian Securities Administrators (CSA) has published amendments to National Instrument 45-102 Resale of Securities (NI 45-102) and changes to Companion Policy 45-102CP to National Instrument 45-102 Resale of Securities (45-102CP). We recognize that Canadian investors are increasingly interested in participating in the global capital markets,” said Louis Morisset, CSA Chair and President and CEO…

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March 30, 2018 BY Valentina Kirilova

IIFM teams up with World Gold Council, improve access to gold market for Islamic investors

On 28 March, the International Islamic Financial Market (IIFM) and World Gold Council have led the IIFM-WGC Industry Consultative Meeting on Gold Documentation and Products Standardisation in Istanbul, Turkey. The meeting was hosted by Borsa İstanbul and organized by the Islamic Finance Directorate. The meeting assessed current market practices with respect to identified gold related…

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