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 Sutton Johnson Holdings. Sutton Johnson Holdings is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Global Foreign Exchange Committee (GFXC) has today published an updated FX Global Code incorporating revised guidance on trading in the last look window, known as Principle 17. The revised Principle 17 states that market participants should not undertake trading activity that utilises information from the client's trade request during the last look window. It…
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Following an application by the FCA, the High Court yesterday has made orders against a number of persons involved in carrying on an unauthorised foreign exchange investment scheme. The scheme took in at least £1.2 million from 65 investors but none of the investors’ money was ever used in foreign exchange trading or any other…
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Dubai Financial Market (DFM) today announced the listing of Bahrain’s Khaleeji Commercial Bank (KHCB), one of the leading Islamic financial institutions in the Kingdom of Bahrain, as trading commenced on the bank’s shares under the trading symbol (KHCB), which appears on DFM screens, trading system and publications within the Banking Sector. This listing further strengthens…
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The New Zealand Stock Exchange Board today announced the appointment of Nigel Babbage as a director. Babbage has more than 30 years’ experience working in financial and capital markets. This includes 18 years abroad where he held executive roles with British Petroleum (now BP) and Citibank, managing the New York currency derivatives desk. In addition…
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Demonstrating its commitment to deliver a comprehensive suite of solutions to assist the financial services industry with ensuring ongoing compliance with impending MiFID II requirements, Thomson Reuters (NYSE:TRI) announced that it has expanded its e-learning capabilities with new compliance training courses designed to give organizations a clear, concise understanding of the regulatory framework mandated by…
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The Monetary Authority of Singapore (MAS) advised the public to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies. MAS is concerned that members of the public may be attracted to invest in cryptocurrencies, such as Bitcoin, due to the recent escalation in their prices.…
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LeapRate Exclusive... LeapRate has learned that FCA regulated broker ETX Capital is making some changes to its trading product lineup, ahead of new MiFID II regulations which come into effect early next year. In addition to January 2018 heralding the onset of MiFID II regulations across Europe, the new year will also see the transfer of…
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Monex, Inc., a subsidiary of Monex Group, Inc. (TYO:8698), just announced that it has started offering the “Partner Account” for couples of diverse sexual orientation and gender identity (LGBT) to save and manage assets together. This is the first Partner Account provided by a major online securities company. Since the fiscal year ending March 2017,…
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FlexTrade today announced the expansion of its EMEA sales team with the hiring of a new Multi-Asset Sales Director, Manuela Bauer. The expansion of the team comes at the end of a successful year of cross-asset innovation for the business. Manuela Bauer will be responsible for further strengthening FlexTrade’s capability in multi-asset class sales. She…
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