UK financial regulator the FCA has announced that in a criminal prosecution which it initiated, three defendants have today been found guilty for their roles in a series of boiler rooms which led to the loss of more than £2.7 million of investors’ funds. A further three defendants had pleaded guilty earlier in the proceedings.…
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The Commission de Surveillance du Secteur Financier (CSSF) informed that it has sanctioned the ultimate and indirect controlling shareholder (the “Sanctioned Person”) of Orco Property Group S.A. (the “Issuer”) for market manipulations on the shares of the Issuer (ISINLU0122624777) in accordance with the provisions of the Law of 9 May 2006 on market abuse (the…
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The following article was written by Reem Aboul Hosn, Research and Market Analyst Officer at CFI Markets Ltd. In a significant step that marks Donald’s Trump major achievement of his presidency, Republicans have passed US tax reform in an attempt to promote economic growth, create jobs and encourage US companies to invest more said Mitch McConnell,…
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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 firm Carus Solutions Ltd. Carus Solutions Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has reported its operating metrics for the month of November 2017. Institutional FX volumes were up from $250.4 billion to $267.7 billion MoM. Forex.com retail FX trading volumes were up 8% in November to $207 billion. The complete GAIN Capital monthly report for the month of November…
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Forex trading platform developer MetaQuotes just announced that it has expanded the economic calendar geographically by adding the United Kingdom, Canada, Australia and Switzerland on top of the United States, Japan and the European Union. China, Sweden, New Zealand, Mexico and Singapore. When a country is added, all economic indices that have a significant impact…
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LeapRate Exclusive... LeapRate has learned that a new Asia-focused social trading and investing site called CopyCash (at copycash.io) has launched. The new Blockchain-based project is being backed by some names familiar to those in the Retail FX world, including Lior Nabat, founder and still CEO of Tradency which pioneered the mirror trading concept during the…
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Swiss Forex brokerage house Dukascopy Bank SA just announced that it has entered the new domain of core banking business – retail banking. The cornerstone of its new business model is a combination of online video identification and banking infrastructure built around a modern messenger and social network. Dukascopy has achieved the technological point, at…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Amundi Asset Management. 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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The Hong Kong Securities and Futures Commission (SFC) today issued a circular which cautions investors of the risks associated with Bitcoin futures contracts and other cryptocurrency-related investment products and reminds financial service providers of the legal and regulatory requirements when they target customers in Hong Kong. The circular notes that futures and commodities exchanges in…
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