The UK Financial Conduct Authority (FCA) has put out details of the cloned scam website FX Jupiter. 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…
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LeapRate has learned that digital cross-border payments provider Payoneer has hired the CEO of the Groupon Japan unit of Groupon Inc (NASDAQ:GRPN), Satoru Nemoto, to be its new Japan Country Manager. Payoneer recently raised a $180 million VC round led by late stage venture capital investor Technology Crossover Ventures (TCV), aimed at expanding the company's cross-border…
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Mr Yingjie Wang (also known as Jay Wang), a lawyer and accountant from Sydney, NSW, has been permanently banned from providing financial services. Since June 2011, Mr Wang has been involved in the management of at least 14 companies who hold, or held, an Australian Financial Services (AFS) licence. These companies include: LSG Group Pty…
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We continued to bring LeapRate readers exclusive coverage and analysis of the continuing drama surrounding FXCM Inc (NASDAQ:FXCM) in this week's Forex Industry News, as the company continues to deal with the aftershocks of its ban from the US forex market. Data on FXCM's US operations, another regulatory fine, changes at the FXCM UK board, competitors…
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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 Questra World. Questra World is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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National Settlement Depository (NSD), Russia’s central securities depository, has completed the annual assessment of its compliance with the CPMI-IOSCO Principles for Financial Market Infrastructures (PFMIs). Compared with the previous year’s assessment, improvements were reported in NSD’s observance of three principles (“Money Settlements,” “Custody and Investment Risk” and “Tiered Participation Arrangements”). The level of observance of…
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Hong Kong-based social trading startup 8 Securities has launched a mobile-only robo-adisory service targeting the millennial generation that constructs portfolios with exchange traded funds (ETFs) listed on the Tokyo Stock Exchange (TSE). Back in December, LeapRate reported on the official launch of the robo-advisor app. Available on iOS and Android, Chloe first asks users to complete…
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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 Atlantic Global Asset Management. Atlantic Global Asset Management is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of Yew Hock Ming (Yew), Ling Chen Yew (Ling) and Tiong Siew Ngaik (Tiong) under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 18 January 2017. Yew, Ling and Tiong were formerly attached…
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Euronext, the first pan-European exchange, announced that the Supervisory Board has approved unanimously the appointment of Paulo Rodrigues da Silva as CEO of Euronext Lisbon, CEO of Interbolsa and member of the Managing Board of Euronext N.V., pending all relevant shareholder and regulatory approvals. Paulo Rodrigues da Silva has an extensive professional career, with roles…
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