Divisa Capital adds ADS veterans Tony Philip as CMO, Hormoz Faryar to head Sales LeapRate

March 28, 2017 BY LeapRate Staff

Divisa Capital adds ADS veterans Tony Philip as CMO, Hormoz Faryar to head Sales

LeapRate Exclusive... LeapRate has learned that FCA regulated multi asset prime broker Divisa Capital has begun making a round of senior level management hires, following its recently announced $100 million capital raise which we discussed with Divisa Capital CEO Mushegh Tovmasyan at the time the very handsome financing was revealed back in January. First to join is…

March 28, 2017 BY Valentina Kirilova

FCA warns against Prime FX Ltd firm

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 Prime FX Ltd. Prime FX Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

March 28, 2017 BY Valentina Kirilova

Davisco Foods International, Inc. to pay $150,000 penalty for acting as a Futures Commission Merchant

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Davisco Foods International, Inc., based in Le Sueur, Minnesota, for failure to register with the CFTC as a Futures Commission Merchant (FCM). The CFTC Order finds that for a number of years, from at least May 2011 and continuing…

March 28, 2017 BY LeapRate Staff

True Trade Markets COO Ashraf Agha resigns ahead of planned forex broker launch

LeapRate Exclusive... LeapRate has learned that True Trade Markets co-founder and COO Ashraf Agha has resigned, prior to the company's planned launch later this Spring. As was reported exclusively by LeapRate last November, FCA-regulated True Trade Markets (formally True Trade Ltd) was created by controlling shareholder and New York based entrepreneur Michael Frey, whose company designs…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

March 28, 2017 BY Valentina Kirilova

FINRA and exchanges charge Lek Securities and CEO with aiding and abetting securities fraud

The Financial Industry Regulatory Authority (FINRA), along with the New York Stock Exchange; NYSE Arca; NYSE MKT; the four Bats Exchanges, Bats BZX, Bats BYX, Bats EDGA, and Bats EDGX; Nasdaq; Nasdaq BX; and the International Securities Exchange, today announced that they have commenced disciplinary proceedings against Lek Securities Corporation and its Chief Executive Officer,…

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

March 28, 2017 BY Valentina Kirilova

SEC freezes assets of investment adviser Financial Management Strategies

The Securities and Exchange Commission (SEC) announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars. The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with…

March 28, 2017 BY LeapRate Staff

Bryan Seegers resigns as Co-Head Global eFX Coverage at ADS Securities

LeapRate has learned that longtime ADS Securities employee and Co-Head of Global eFX Coverage Bryan Seegers has resigned his position at the firm. Bryan Seegers had been with ADS, which provides both retail and institutional FX services, for five years, initially joining the company in Abu Dhabi as a Senior FX Dealer. He had previously…

March 28, 2017 BY LeapRate Staff

Prime-of-Prime FX brokerage Stater Global Markets announces technology partnerships, adds CFDs

London-based FX Prime of Prime institutional brokerage Stater Global Markets has announced its core technology partners, as well as the introduction of CFDs in indices and commodities. LeapRate exclusively reported about the launch of Stater Global Markets in an interview with CEO Ramy Soliman last October. Soliman was most recently VP EMEA Sales at Integral Development…

March 28, 2017 BY Valentina Kirilova

AMF warns against unauthorized binary options trading websites

The French regulator Autorité des Marchés Financiers (AMF) has published a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: www.agenda-invest.com www.financial-futures-ltd.com www.gmsa-investments.com www.group-investment.com www.labastilleandpartners.com www.lepartenairefinancier.com www.marketoptions.com www.owpremium.com www.swissxm.com www.tp-markets.com A list of all unauthorized sites…

March 28, 2017 BY LeapRate Staff

FXTM reports 95% of forex traders are short GBPUSD ahead of March 29 Article 50 trigger

CySEC regulated retail forex broker FXTM has shared an interesting observation from its trading room. Notably, that there is widespread negativity towards Sterling from its traders, with 95% of its clients trading short on the GBPUSD ahead of the expected historic March 29 trigger of Article 50, formally beginning the exit of the UK from the…