clone firm FCA warning
October 12, 2017 BY Valentina Kirilova

FCA warns against Alliance Trust Savings Limited clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Alliance Trust Savings Limited. 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…

Read more
UN report says North Korea laundered $2 billion theft via Hong Kong firm
October 12, 2017 BY Valentina Kirilova

Former executive chairman of Healthzone found guilty of fraud

Mr Peter David Roach, of Burradoo, NSW, has been found guilty of fraud and other related offences in the Sydney District Court, ASIC announced earlier today. Mr Roach was the former executive chairman and director of health food chain Healthzone Limited (currently under external administration). Following an ASIC investigation, Mr Roach was charged with conspiracy to…

Read more
October 11, 2017 BY Mariela Naydenova

The First House To Be Sold Entirely Through Blockchain

In September 2017, a house was sold on the blockchain technology for the first time. The property is a flat with a price of $60,000 in Kiev, Ukraine, reported New Scientist. The transaction was facilitated entirely through Ethereum using cryptocurrency. Instead of paper contracts and fiat money exchanged, the founder of tech news site TechCrunch, Michael Arrington,…

Read more
October 11, 2017 BY Mariela Naydenova

Putin Up For More Cryptocurrency Regulations

The president of Russia, Vladimir Putin, is currently calling for stricter cryptocurrency regulations, as he shared his beliefs about the danger and risks that digital currencies may pose to the world, according to International Business Times. Putin, during a meeting in Sochi on October 10th, said: "Cryptocurrencies are issued by an unlimited number of anonymous…

Read more
IOSCO issues statement on liquidity risk management recommendations for investment funds
October 11, 2017 BY Valentina Kirilova

IOSCO analyzes other CRA products used to make investment and credit-related decisions

The Board of the International Organization of Securities Commissions (IOSCO) today published a report titled Other CRA Products (OCPs), which provides market participants with a better understanding of certain non-traditional products and services offered by credit rating agencies (CRAs). These non-traditional products may include, for example, private ratings, confidential ratings, expected ratings, indicative ratings, prospective…

Read more
Thomson Reuters (NYSE:TRI)
October 11, 2017 BY Valentina Kirilova

Thomson Reuters delivers greater research management for MiFID II unbundling in Eikon

Thomson Reuters (NYSE:TRI) has added additional research management and search capabilities to its flagship desktop product Eikon. These tools continue the ongoing series of enhancements and new solutions Thomson Reuters is delivering to the financial industry to meet the challenges of MiFID II requirements, set to be implemented January 3, 2018. Launched and incorporated into…

Read more
Dukascopy adds new CFD bonds and indices for trading on LIVE
October 11, 2017 BY Valentina Kirilova

Dukascopy adds new feature for binaries - chained contracts

Geneva based Retail FX broker Dukascopy has announced that it has added a new functionality to its binary option contracts: chained option contracts. Two types of chains are available: Martingale and Winning. When enabling a Martingale chain to an option, the system will automatically place another chained contract for a doubled amount every time the…

Read more