Digital asset exchange and solutions provider Coinbase just announced that has partnered with leading law firm Debevoise & Plimpton LLP to release a Blockchain Token Securities Law Framework. The company has also created a Framework Tool as a guide for developers and users of blockchain tokens. As the development of blockchain tokens (also known as App…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Ernst Hofsetter Asset Management. 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…
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It looks like Odey Asset Management isn't afraid of the new FCA rules governing CFD trading. LeapRate has learned via regulatory filings that UK investment manager Odey Asset Management LLP was busy buying Plus500 Ltd (LON:PLUS) yesterday, as Plus500 shares were plummeting. Odey built its overall stake in Plus500 up to 21.28%, from just under…
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The UK’s Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) have entered into a Co-operation Agreement (Agreement) to foster collaboration between the two regulatory authorities in promoting financial innovation. According to the Agreement, the FCA and the HKMA will closely collaborate on a number of initiatives such as referrals of innovative firms,…
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INTL FCStone Inc. (NASDAQ: INTL), a provider of financial-services execution, risk management, market intelligence, and post-trade services across asset classes and markets around the world, today announced that it has launched Converge, an innovative analytic and risk management platform that allows middle-market participants to manage their commodities exposure. Converge applies INTL FCStone's superior global reach…
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Forex trading platform developer MetaQuotes has just announced that added the two-factor authentication option using one-time passwords, which improves protection of accounts against unauthorized access. In order to enable the two-factor authentication, clients must launch the MetaTrader 5 mobile application. Then log in and choose the One-time password (OTP) generator option in the Settings window.…
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It's been less than a month since JPMorgan Chase & Co.(NYSE:JPM)'s last $264 million SEC fine for corrupt hiring practices in Asia-Pacific region. Now JPMorgan's back in action, along with HSBC Holdings Plc (NYSE:HSBC) and Credit Agricole SA with a fine of a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as…
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ASIC today published its fourth report on its approach to and assessment of licence applications. Report 503 Overview of licensing and professional registration applications: Jan to Jun 2016 (REP 503) sets out recent regulatory outcomes achieved by ASIC in relation to Australian financial services (AFS) applications, Australian credit licence applications, liquidator registration applications, company auditor…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The Securities and Exchange Commission (SEC) announced that Keith F. Higgins, Director of the SEC’s Division of Corporation Finance, plans to leave the SEC in early January. Since joining the SEC in June 2013, Mr. Higgins led the Division’s implementation of significant rulemaking and other responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection…
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