Former Healthzone Limited director, Mr Peter David Roach, was sentenced on Friday 24 November in the Sydney District Court to 4 years and 3 months imprisonment for fraud and related offences, ASIC announced earlier today. The sentencing comes after Mr Roach was found guilty on 12 October 2017 of conspiracy to dishonestly obtain a $1…
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Extending the FX OMS service to a wider group of FX banks Barracuda FX, the specialist provider of FX Order Management technology, today announced the launch of its new product OMS Cloud. OMS Cloud makes Barracuda's OMS technology available on the cloud, enabling all sizes of banks to use the market service. Barracuda developed the…
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The Financial Markets Authority (FMA) has just published its first statistical report on peer-to-peer lending and crowdfunding in New Zealand. The data shows $259.9 million is currently loaned to individuals and $29.5 million loaned to businesses through peer-to-peer lending in the year ending 30 June 2017. A total of $74.2 million was raised from investors…
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NEX Regulatory Reporting, a NEX Group (LON:NXG) business which provides regulatory reporting services across global regulatory regimes, has announced that NEX Abide Trade Repository AB has received approval from the European Securities and Markets Authority (ESMA) for its Swedish-based trade repository under the European Market Infrastructure Regulation (EMIR). The approval will allow NEX Regulatory Reporting…
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Singapore Exchange (SGX) informed that has welcomed MindChamps PreSchool Limited to Mainboard under the stock code “CNE”. MindChamps PreSchool Limited is the largest operator and franchisor of premium range preschool centres in Singapore. It has six company-owned-company-operated preschool centres, 30 franchisee-owned-franchisee-operated (FOFO) preschool centres and eight FOFO reading and writing centres in Singapore. The company…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm DuetInvest. 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 to scam…
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The Libertex trading platform has announced the launch of Bitcoin-nominated margin trading for Litecoin, Ethereum and Bitcoin Cash. Cryptocurrencies have become a significant part of the modern financial market. The demand for them is booming and their prices continue to set new records. Libertex are pleased to announce the launch of the following cryptocurrency pairs:…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have issued a circular highlighting observations from their recent joint thematic reviews on the potential conflicts of interest arising from the sale of in-house products by registered institutions and licensed corporations within a single financial group. The reviews mainly focused on internal…
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It seemingly cannot be stopped. At least one thing does seem sure, at least for now - there are a lot more buyers than sellers of Bitcoin and its cryptocurrency cousins Ethereum, Dash, et al. More demand than supply. As we've written before on several occasions, weekends seem to be a popular time for Bitcoin…
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Your Weekly Trading Review by UFX.com – Sunday, November 26th, 2017 Some of this past week’s leading economic news and events affected the financial markets: The EUR/USD and GBP/USD increased by +0.69% and +0.21%, respectively. Gold fell by -0.39%, while Crude Oil saw an increase in value of +1.60%. The 3 major US indices all saw positive…
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