The Australian Securities and Investments Commission (ASIC) announced that it has banned Brisbane based financial adviser Christopher Ramsay from providing financial services for a period of five years for failing to act in the best interests of his clients, and giving advice that was not appropriate. ASIC found that Mr Ramsay failed in his obligations…
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Warsaw based venture capital fund ERNE VENTURES, which initiated a change in strategy earlier this year to focus on Blockchain related investments, has announced the investment in a public company EBC Solicitors S.A., through which it will to invest in blockchain technology and launch a crypto mining company. ERNE VENTURES, which is run by co-founder and…
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Your Weekly Trading Review by UFX.com – Sunday, February 25th, 2018 Here are some of this past week’s leading economic news and events that affected the financial markets: Delta and United End Relations with the NRA On Saturday, two major airlines Delta Air Lines Inc. and United Continental Holdings Inc. ended their marketing ties with the National…
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Which leading Retail FX brokers saw Revenues and Profits decline in the second half of 2017? What does FXCM's logo rebrand look like? Which Retail FX trading tool did Autochartist buy? Why was iForex fined €138,000 by CySEC? What made the infamous Swiss Franc spike of January 15, 2015 even worse? Which FX industry executive…
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On the 22nd of February, 2018, Bank of America, in its annual report to the SEC, expressed its concerns over cryptocurrencies and its inability to "outcompete" the new fintech wave. BoA has cited the area of cryptocurrencies as a huge possible expenditure for the business of the bank and its eventual inability to stay on…
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Following a number of reports from savers regarding the website www.bil-gestionpatrimoine.com and the entity Bil Patrimoine, the Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) have issued a public warning. Bil Patrimoine and the website www.bil-gestionpatrimoine.com are not authorized either by the AMF or by the ACPR to…
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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 Teramusu. Teramusu 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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Klarna Bank AB has announce the appointment of Niklas Savander to the Board of Directors with effect from Thursday 22nd of February 2018. Niklas Savander will replace Niklas Adalberth. Sebastian Siemiatkowski, CEO and co-founder of Klarna: After 13 years and many, many professional and personal milestones together, I want to thank Niklas Adalberth for his…
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The Australian Securities and Investments Commission (ASIC) announced that it has banned Perth-based financial adviser Philip Leake from providing financial services for a period of five years. ASIC found that Mr Leake failed to act in his clients' best interests when providing advice on life insurance. ASIC's surveillance of Mr Leake found that he had…
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DENT Wireless Limited and PLDT (HK) Limited today announced they have successfully completed a friendly user trial together. In this trial, selected PLDT HK customers in Hong Kong were able to buy and sell their mobile data with each other using DENT’s prototype app for iOS. This prototype, an extension of DENT’s commercial app, is…
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