The Financial Conduct Authority (FCA) has today announced that it is seeking evidence and feedback to further inform its work on high-cost credit, including a review of the payday loan price cap. Since taking over regulation of consumer credit in April 2014, the FCA has focused on products that it believes pose the highest risks…
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ASIC has suspended the Australian Financial Services (AFS) licence of Sydney-based Group Underwriters & Managers Pty Ltd (GUM) for three months for failing to lodge financial statements, auditor reports and auditor opinions for a period of three years. This is in breach of both GUM's legal obligations and licence conditions. ASIC Deputy Chair Peter Kell…
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LeapRate Exclusive... LeapRate has learned from regulatory filings that binary options brokerage group EZTD Inc (OTCMKTS:EZTD), has received an $11 million investment commitment from alternative investment firm Yorkville Advisors Global, LLC. EZTD operates binary options brands EZTrader (at website eztrader.com), Global Option (globaloption.com) and EZinvest (ezinvest.com). EZTD has sustained large losses this year totaling more than $11 million…
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Leading non-bank Prime Services brokerage Invast Global and leading non-bank market maker XTX Markets have announced a partnership whereby Invast Global clients will now be able to access XTX Markets’ liquidity via the Invast Global multi-asset prime services facility, PurePrime. The PurePrime-XTX Markets partnership illustrates the rapidly growing stature of non-bank participants in the financial markets, as the banks continue…
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Global broker Saxo Bank just announced they will use Fix8Pro as part of a new high performance market connectivity engine. Fix8 Market Tech, founded in 2013 also offers Fix8 – a free, open-source framework that developers can use to build FIX applications using any FIX version, utilizing built-in testing and performance-enhancing features. Saxo Bank Chief…
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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 SSW Market Making GmbH. SSW Market Making GmbH is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm DVP Consulting GmbH. 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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Today the Deutsche Bundesbank and Deutsche Börse have jointly presented a functional prototype for the blockchain technology-based settlement of securities. The innovative prototype is designed to provide the technical functionality for the settlement of securities in delivery-versus-payment mode for centrally-issued digital coins, as well as the pure transfer of either digital coins or digital securities…
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Ukraine's special-purpose law-enforcement agency and main government security agency, the Security Service of Ukraine (SBU), has just announced that has stopped the activity of a group of swindlers, who participated in illegal financial scams under the dealerships of a Forex firm (no names have been shared yet). According to Ukrayinska Pravda news, fraudsters have been…
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FXPRIMUS has announced the commencement of its latest initiative which enhances the safety of all clients’ funds with additional insurance protection of up to €2.5 million. FXPRIMUS has introduced the gold standard in the clients’ funds protection which sees clients’ accounts covered not only with the existing coverage mandated by CySEC but with an additional cover for all clients of all account types of up to EUR2.5M worth of additional coverage. LeapRate has seen…
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