The Commission de Surveillance du Secteur Financier (CSSF) has just issued a warning of the activities of an entity named United Capital Group which claims, on the website www.ucgtrust.com. The company claims that its address is 7 rue Robert Stumper, 1882 Luxembourg and that it is authorised and supervised by the Commission de Surveillance du…
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The Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) announced that they have today signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate. Andrew Bailey, Chief Executive of the FCA, commented: International borders shouldn’t act as…
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Online gaming and financial trading systems provider Playtech PLC (LON:PTEC) has announced the appointment of Richard Bayliss, former Senior Online Manager at the UK Gambling Commission, to its Compliance team as Regulatory Compliance Manager. Richard Bayliss had spent the past 11 years at the UKGC, in a variety of compliance and regulatory roles. In his new role…
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SGX announced today that it will list successor products to its SGX Nifty family of products before August 2018. This will provide market participants with the same ability to invest and maintain their risk exposure to the Indian capital markets. Market participants will be able to transition seamlessly to these products before the expiry of…
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Deutsche Börse AG has just announced that Dr Michael Josef Lappe (60) is to be its new General Counsel as of 1 March 2018. Michael Lappe is currently working as a lawyer in the consulting and transaction business and as Senior Counsel has various mandates with international legal consulting firms. Until 2012, he was corporate…
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CurveGlobal, the interest rate derivatives platform, announced today its intention to launch a three-month SONIA futures contract, which will be admitted to trading on London Stock Exchange Derivatives Market (LSEDM). The innovative CurveGlobal® Three Month SONIA® Future will address client demand for liquidity in the Bank of England’s reformed benchmark rate, which is set to…
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The Financial Industry Regulatory Authority (FINRA) has issued an Investor Alert warning investors to beware of financial scams in which con artists are posing as regulators to make fraudulent investment pitches. Recently, financial fraudsters used FINRA’s name and logo in correspondence – including a fake signature from FINRA President and Chief Executive Officer Robert W.…
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The following article was written by Adinah Brown, content manager at Leverate. In 2004, the European Commission Financial Services Action Plan launched the Markets in Financial Instruments Directive, or MiFID, which subsequently morphed into MiFID II. This directive contained a total of 42 regulations that were intended to significantly change how the EU’s financial service markets…
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The Securities and Commodities Authority (SCA) just announced that it has launched a program to assess and classify financial services companies and announced that registration is open for those interested to take part in the program. Registration applications will be accepted from mid-February to the first of March. H.E. Dr. Obaid Al Zaabi said: Launching…
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PolySwarm announced that it has reached its $15 million USD goal. Contributors included cryptocurrency incubator Science Blockchain. The Nectar presale was met with overwhelming demand, PolySwarm’s public token sale will launch February 20, 2018. We’re pleased with the early support from investors to create the first marketplace where security experts compete to protect users,” said…
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