The Securities and Exchange Commission (SEC) announced that Deutsche Bank has agreed to settle charges that it misled clients about the performance of a core feature of its automated order router that primarily sent client orders to dark pools. The New York Attorney General’s office today announced a parallel action, and Deutsche Bank agreed to…
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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 UK Financial Conduct Authority (FCA) announced that are aware an email was sent on Friday, December 16 2016 entitled "FCA Regulation 2017". The email appeared to be from [email protected]. The FCA would like to warn recipients that his email was not sent by the authority and should be deleted without opening.
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The Administrative Appeals tribunal (AAT) has set aside a decision by the Australian Securities and Investments Commission (ASIC) to ban Mr Gerard McCormack from providing any financial services. Mr McCormack, of South Melbourne, Victoria, a former financial adviser with the National Australia Bank (NAB) was banned from providing financial services for five years commencing on…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177), posted a £2.4 million (USD $3.0 million) net loss for Fiscal 2016. The company has a March 31 fiscal year end. Tokyo-based GMO Click is, by volume, the world's largest retail…
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Israel business news source TheMarker is reporting a merger in the Israel retail forex arena, with Colmex buying popular trading site Matach24.com. 'Matach' is an acronym for 'foreign exchange' in Hebrew. Colmex is one of just six companies to have received a Dealers' license from the Israel Securities Authority (ISA), out of the 21 firms (including…
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Forex Industry News at LeapRate this week had a very China feel to it, including new China partnerships (eToro), Baidu reversing its China ad ban for selected Forex brokers (a LeapRate Exclusive report), and Neteller and Skrill operator Paysafe Group Plc (LON:PAYS) losing 38% of its value because of perceived China problems. We covered new…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated CFD broker StoxMarket at website stoxmarket.com, owned and operated by Marketier Holdings Limited. According to the BCSC, StoxMarket claims to be based in…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Keiron Partners. 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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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Penflow Ltd. 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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