August 12, 2016 BY Valentina Kirilova

ItzCash joins RBL Bank for platinum Rupay prepaid wallet in India

India’s digital payments company ItzCash has announced that it has partnered with RBL Bank to launch the country’s first co-branded Rupay Platinum Prepaid Card. Rupay Platinum Prepaid Card is a multi-purpose prepaid wallet powered by the homegrown digital payments facilitator RuPay, will roll out a suite of prepaid services across physical and virtual platforms. Offering a compelling alternative…

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August 12, 2016 BY Valentina Kirilova

Alpari’s Forex turnover marks 3% MoM rise in July 2016

Retail FX broker Alpari Limited has earlier today reported its operating metrics for July 2016, with the month bringing a slight rise in trading volumes in both monthly and annual terms. The company reported monthly turnover of $81.4 billion in July 2016, up 3% from June 2016 when the monthly trading volumes amounted to $79 billion. EUR/USD remained…

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August 12, 2016 BY Valentina Kirilova

SEC charges stockbroker and friend with insider trading

The Securities and Exchange Commission (SEC) has charged a stockbroker and his friend with participating in an insider trading scheme to profit in advance of two major announcements out of a pharmaceutical company. The SEC alleges that Paul T. Rampoldi coordinated the insider trading with two other brokers at his firm as well as a then-IT executive…

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August 12, 2016 BY Valentina Kirilova

CIF Xenon Capital Partners Ltd remains under the supervision of the CySEC

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on June 24, 2016, the CIF Xenon Capital Partners Ltd, which provided investment services via the domain xenoncp.com.cy, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the CIF…

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August 12, 2016 BY Valentina Kirilova

GMO Click operating revenue is way lower in July 2016

GMO Click Holdings Inc (TYO:7177) has just published its monthly preliminary report of consolidated operating revenue for July 2016. The operating revenue was ¥1,751 million in July, which means almost half way lower than June's ¥3,020 million: July 2016's operating revenue was also way lower compared to last year's ¥2,379 million for the same period:…

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August 12, 2016 BY Valentina Kirilova

Federal Court of Australia finds against Sino Australia Oil and Gas Limited and its former chairman Tianpeng Shao

The Federal Court of Australia has made declarations that Sino Australia Oil and Gas Limited and its former chairman, Mr Tianpeng Shao, contravened the Corporations Act. As part of its case, ASIC alleged that Sino breached its continuous disclosure obligations and made misleading and deceptive statements in its prospectus documentation during 2013. ASIC also alleged that…

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August 12, 2016 BY Valentina Kirilova

FCA warns on Unsecured Loan For UK

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 Unsecured Loan For UK firm. The company is not authorised by the FCA but has been targeting people in the UK: Unsecured Loan For UK Address: 48 Warwick Street,…

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August 12, 2016 BY Valentina Kirilova

Hong Kong SFC adds Ashwood Finance to its alert list

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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August 12, 2016 BY Valentina Kirilova

FXTM brings world-class educational and networking events to Nigeria

Retail Forex broker FXTM (ForexTime) has announced an extensive series of educational and networking events for Nigerian traders. The educational events will be led by one of the world’s most highly respected FX experts, Professor Andreas Thalassinos, with the program tailored specifically to the needs of Nigerian traders. Taking place in Abuja and Lagos from August to October,…

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