The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Hansa Capital Partners. 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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LeapRate Exclusive... LeapRate has learned via regulatory filings that online gaming and financial trading systems provider Playtech PLC (LON:PTEC) has indicated that it remains one of the largest shareholders of betting and gaming company Ladbrokes Coral Group PLC (LON:LCL), which operates both the Ladbrokes and Coral brands as well as Eurobet, Gala Casino and Betdaq. According…
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Retail forex broker FXCM Group has also released a statement in support of yesterday's announcements by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) relating to additional customer protections. Further, FXCM hopes this leads to harmonized regulations across Europe. FXCM has long been in full compliance with most of the proposed…
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ASIC announced that it has accepted an enforceable undertaking (EU) from former MyPlanner Australia Pty Ltd adviser, James Fraser, after it was found that he failed to act in the best interests of his clients. Under the EU, Mr Fraser has agreed that he will not provide financial services for a period of at least…
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The following article was written by Sophie Gerber, Director of regulatory and compliance solutions provider TRAction Fintech. Time is of the essence in the lead-up to MiFID II and MiFIR What is the implementation date for MiFIR & MiFID II? Wednesday 3rd January 2018. Is there likely to be any grace period for MiFID II…
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Continuing our exclusive coverage of the different ways that Retail FX brokers are putting their marketing budgets into sports related sponsorships of all kinds, LeapRate can report that ASIC and FCA licensed Aetos Capital Group has announced a deal which will see it become the main "shirt" sponsor of Sydney FC. Sydney FC are the defending champions…
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Pan-Canadian financial regulator Canadian Securities Administrators (CSA) has published a notice reminding dealers and investors of the inherent risks associated with products linked to cryptocurrencies, including futures contracts. While these contracts may be traded on regulated exchanges and may be cleared by regulated central counterparties, the fact remains that their high level of risk will not be…
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Payments services company Paysafe Group Plc (LON:PAYS) has announced that it has received final regulatory approvals necessary to move forward with its £2.96 (USD $4.0 billion) buyout by private equity fund groups Blackstone Group LP (NYSE:BX) and CVC Capital Partners. Barring any last minute unforeseen obstacles, the Blackstone-CVC buyout of Paysafe will close this Wednesday, December…
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A British refuse and recycling company has become the first in the world to accept Bitcoin. National company BusinessWaste.co.uk, which is based in York, England are now accepting payment in virtual currencies for its commercial waste contracts. With Bitcoin now moving into the mainstream, it's logical that British companies should move into the 21st Century…
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While Bitcoin’s price is rising swiftly as 2017 draws to an end, many are now talking about the possibility of Bitcoin going to $100,000 in the future. However, as such prediction may be too far to consider, there are some major issues associated with the potentiality of the digital currency going “through the roof” in…
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