The Securities and Futures Commission (SFC) today issued a Restriction Notice on IDS Forex HK Limited prohibiting the firm from carrying on all activities for which it is licensed, disposing of or dealing with any assets held by it or held on behalf of its clients, and assisting, counselling or procuring another person to dispose…
Read more
The following article was written by Adinah Brown, content manager at Leverate. Investing marketing dollars on Google AdWords can drive large amounts of high quality traffic to your brokerage’s website and prove to be an incredible source of leads. Even a small campaign with the correct adjustments, can generate a significant impact and improve profitability, but…
Read more
LeapRate Exclusive... LeapRate has learned that Abu Dhabi-based international financial services firm ADS Securities has hired Fabian Chui as its new Head of Brokerage Risk. Mr. Chui will be based in Abu Dhabi, working with teams based in the UAE, Hong Kong and London. We expect the company to make a formal announcement shortly. Mr. Chui…
Read more
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 Uride Car Club. Uride Car Club is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read more
The FMA noted a recent warning by the Australian Securities and Investment Commission (ASIC) against conducting business with binary options broker 24option. The FMA recommended exercising caution before dealing with 24Option and noted warning by another regulator - the French AMF. 24Option is operating at website https://www.24option.com/eu/binary-cfd/ and is not registered to offer financial services…
Read more
LCH, the global clearing house, announced today that Michael Davie has been appointed Global Head of Rates for LCH Group, effective immediately. Davie will report to Daniel Maguire, Group COO of LCH and Martin Pluves, CEO LCH Ltd. Michael Davie’s appointment follows Daniel Maguire’s recent appointment as Group COO in addition to his role as…
Read more
Payfone, mobile identity authentication for digital channels company, announced that has signed an agreement with Early Warning Services to provide mobile authentication technologies for Zelle. Payfone risk assessment solutions will help streamline consumer enrollment and transaction authentication processes, enabling more consumers to take advantage of the speed and simplicity of person-to-person (P2P) payments. Payfone’s solutions…
Read more
Broadridge Financial Solutions, Inc. (NYSE:BR) announced an agreement with Spence Johnson, a provider of global institutional data and intelligence, to bring together retail and institutional data, benchmarking and analytics. This strategic alliance leverages Broadridge’s Global Market Intelligence, the platform for retail cross-border fund data and analytics that delivers detailed information on 80,000 retail mutual funds…
Read more
The Financial Conduct Authority (FCA) also drew the industry’s attention to the announcement by the Spanish Comisión Nacional del Mercado de Valores (CNMV) today which restricts transactions under Article 20 (2) (a) and (b) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012. This applies to transactions…
Read more
Financial innovation firm R3 announced that has partnered with ACORD (Association for Cooperative Operations Research and Development) to launch a Centre of Excellence for distributed ledger technology (DLT) in the global insurance industry. R3 counts a number of major insurance companies amongst its member base, including MetLife, AIA and Suncorp Group, as well as other…
Read more