January 15, 2018 BY Valentina Kirilova

Barclays trader outlines use of Last Look FX and Toxic Clients

Barclays Plc (LON:BARC) has fired managing director David Fotheringhame after an order from the Department of Financial Services (New York regulator) two years ago, Bloomberg reported.  Fotheringhame was sacked after a $150 million settlement between Barclays and the New York’s banking regulator. The agency had told the bank in 2015 to “take all steps necessary”…

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Canadian Securities Administrators CSA
January 15, 2018 BY Valentina Kirilova

CSA issues statement following rescission of the Cole Memorandum

On October 16, 2017, the Canadian Securities Regulator (CSA) has published Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities. The notice outlined a disclosure-based approach to highlight risks facing issuers with U.S. marijuana-related activities and reflected the existence of a U.S. federal government forbearance approach (per the Cole Memorandum) to the enforcement of federal laws…

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cryptocurrency third world
January 15, 2018 BY LeapRate Staff

Benefits of Cryptocurrency to the Third World

The following article was written by Adinah Brown, content manager at Leverate. Cryptocurrencies seem like the type of endeavor that will split the world into the haves and have nots. Despite its talk of democratization of currency via removal of the impact of central banks, cryptocurrencies practically are only available to those people with access to…

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ACON Actienbank acquired JFD Brokers
January 15, 2018 BY LeapRate Staff

JFD Brokers acquires control of German investment bank ACON

CySEC regulated retail forex and CFDs broker JFD Brokers has announced that it has acquired 51% of established German investment bank ACON Actienbank AG. JFD did not give a price for the acquisition, but did state that it also holds an option to acquire an additional 20% of ACON in the future, which could take its…

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Moscow Exchange MOEX
January 15, 2018 BY Valentina Kirilova

Moscow Exchange launches new GCC repo indicator

From 15 January 2018, Moscow Exchange (MOEX) announced that it will calculate and publish a new gauge of Money Market performance, the MOEXREPO GCC indicator, based on CCP-cleared repo transactions in general collateral certificates (GCC). The indicator measures the value of secured money as free of counterparty risk and characteristics of certain securities. It will…

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FCA warning
January 15, 2018 BY Valentina Kirilova

FCA warns against EasyPro Loans 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 EasyPro Loans. EasyPro Loans is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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CFTC offices
January 15, 2018 BY Valentina Kirilova

CFTC charges Blue Guru Trading LLC with commodity pool fraud

The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action on January 12, 2018, in the U.S. District Court for the Northern District of Illinois, charging Defendants Richard D. Carter of Mundelein, Illinois, Mark R. Slobodnik of Libertyville, Illinois, and their company Blue Guru Trading, LLC (Blue Guru), a Delaware limited…

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