The Securities and Exchange Commission (SEC) announced that Robert B. Stebbins has been named General Counsel of the agency. The General Counsel is the chief legal officer of the agency, providing a variety of legal services to the Commission and staff. Bob is an exceptional attorney and counselor, and I know his depth of knowledge…
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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 VRS Law Firm. VRS Law Firm is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Binary options platform provider SpotOption just announced their latest platform version, Spot5, which they will reveal at the upcoming IFX EXPO in Cyprus, May 23-25. Spot5 focuses on complying with regulation in terms of trading products, as well as offering brokers and traders automated tools for running business activity, as well as trading. Henceforth, SpotOption…
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BrokerTec, a NEX Group (LON:NXG) business which provides electronic trading technology and services for the fixed income market, and MTS, a fixed income electronic trading venue that is part of London Stock Exchange Group, announced today that they are further expanding the RepoFunds Rate (RFR) indices by adding Dutch and Belgian repo indices. The RFR…
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ChartIQ, a leader in HTML5 for capital markets, has announced the launch of its latest product. Finsemble is the first HTML5 desktop application framework, providing modern user experience (UX) APIs, drop-in components, and the ability to integrate legacy .NET, and Java alongside HTML5. Clients can use Finsemble to deliver proprietary content and data, along with…
Read moreThe Asian session saw equities climb to a fresh-two year high early on Tuesday on the back of an overnight rise in Wall Street fueled by reports that President Trump had disclosed classified information with the Russian Foreign Minister without necessary authorization from the source. This re-fueled the continued underlying uncertainties and reinforced doubts surrounding…
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The Dubai Gold and Commodities Exchange (DGCX) recently launched a new financial product - Shanghai Gold Futures (DSGC). This is the first time a Chinese based futures product can be accessed outside of China and also traded and settled in Yuan. Apple Multi-Asset DMCC (AMA) has become the first company to trade the new financial…
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The Financial Industry Regulatory Authority (FINRA) today requested comment on its rules governing outside business activities and private securities transactions as part of a new retrospective rule review. The review aligns with the ongoing FINRA360 initiative, a comprehensive review of the organization’s operations and programs. The review centers on rules governing broker-dealer employees’ business and…
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Israeli news outlets are reporting the arrest yesterday of a 38 year old Tel Aviv resident who owned a binary options broker operating from the country. The police didn't release many details at this stage yet, stating that the arrest was the result of a covert operation which lasted several months. The operation began when…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Norde Bank. 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…
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