Continuing a very strong month of November we have seen at some of the world’s leading FX and CFD brokers, Copenhagen based multi asset broker Saxo Bank has released figures indicating that November was indeed its best month of the year so far, with the most trading activity seen since November 2016, the month of the…
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The Securities and Exchange Commission (SEC) informed that it has charged a registered representative in Pennsylvania with operating a long-running offering and investment advisory fraud. The SEC’s complaint, filed in federal court in Philadelphia, alleges that Paul W. Smith raised approximately $2.35 million from approximately 30 investors – many of whom were his brokerage customers…
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The Securities and Exchange Commission (SEC) announced that Daniel Michael has been named chief of the Enforcement Division’s Complex Financial Instruments Unit. In his new role, Mr. Michael will lead a specialized unit of attorneys and industry experts who are located in offices across the country and investigate potential misconduct related to complex financial products…
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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 Asset Link International. Asset Link International 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 Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to inform the public that, at its meeting held on 25th September 2017, it decided to impose administrative fines totalling €16,000 on ASP Asoted Services Ltd for non-compliance with: Sections 58(a) and 58(c) of The Prevention and Suppression of Money Laundering and Terrorist Financing…
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The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) license of Michael James Haley after finding he has ceased to carry on a financial services business. Mr Haley's AFS license cancellation became effective on 1 November 2017. ASIC may suspend or cancel an AFS license, by giving written notice, if…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has announced that it has received approval from regulatory authorities to move its share listing from the “Growth Enterprise Market” (or GEM) to the HKEX Main Board. KVB shares will begin trading on the HKEX Main Board as of next Friday, December 15. Shares of KVB more than doubled…
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Bitcoin has passed $17,000 on almost all major exchanges on December 7th, 2017. As the digital currency skyrockets, many of us ponder upon what is happening and how it is possible for something that was worth $100 back in 2011, to multiply its value by 170 times for 6 years. From a currency associated with…
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Risk and compliance solutions provider Wolters Kluwer has announced that Ustocktrade Securities, Inc. (USTS), the first alternative trading system designed exclusively for retail investors, has selected Wolters Kluwer’s GainsKeeper Brokerage solution for cost basis reporting. The solution uses a suite of smart tools that helps firms calculate, track and report cost basis, adjusted for corporate…
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Global retail forex and multi-asset broker HotForex has announced that it has started offering Premium Trader Tools, a collection of advanced trading applications which can be downloaded and installed on MT4 platforms. A HotForex spokesperson said: Making more informed and confident trading decisions is now more possible than ever with Premium Trader Tools! Our clients have…
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