It has been exactly two weeks since we reported that retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) had seen its shares fall to a new 52 week low, with GCAP hitting $5.70 on October 14. Well, things haven't gotten much better since then. Gain Capital, parent company of retail forex broker Forex.com and institutional brand GTX,…
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LeapRate Exclusive... LeapRate has learned that FCA regulated multi-asset broker Walbrook Capital Markets Limited is restructuring its operations, with the main change being that it has tapped board member Conor Ringland to replace Paul Inkster as its CEO. We understand that Inkster will remain with Walbrook, with a more commercial role (and a different title), while…
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The Malta Financial Services Authority (MFSA) has become aware of the website https://www.mxtrade.com/ which is falsely stating that MXTrade is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on MXTrade, including CySEC,…
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ASIC has permanently banned former NSW financial adviser Mr Ashley Grant Howard from providing financial services after an investigation found he had: engaged in dishonest conduct; held out that trading he was conducting was authorised; provided financial services when not licensed or authorised to do so; and engaged in conduct that was likely to mislead.…
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The Securities and Futures Commission (SFC) has revoked the licences of Richmond Asset Management Limited and its responsible officer and sole owner, Mr Graham Frank Bibby, and banned him from re-entering the industry for a period of 10 years effective from 31 October 2016 to 30 October 2026. The disciplinary actions follow a review of…
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Victims of signals and managed account firm Monarch FX, which was run by Quinten Hunter until he was hit with a four-year ban from the financial services industry in December 2014, have been told by the Financial Ombudsman Service (FOS) to contact a man called Ronnge Sa to arrange payment. Mr Sa is a director…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders targeting people in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List an entity called Millionaires Blueprint, operating from website millionaires-blueprint.co. Millionaires Blueprint claims to be a fully automated trading software for online binary options…
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The Ontario Securities Commission (OSC) has approved a no-contest settlement agreement with CIBC World Markets Inc., CIBC Investor Services Inc. and CIBC Securities Inc. (the CIBC Dealers) in relation to a matter that the CIBC Dealers discovered and self-reported to the OSC, and that resulted in certain clients paying excess fees. This settlement follows allegations…
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The Malta Financial Services Authority (MFSA) has become aware of the website https://www.tradingbanks.com/ which is falsely stating that tradingbanks is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on tradingbanks, including South Africa’s…
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The Board of the International Organization of Securities Commissions (IOSCO) has published a report on the implementation of the G20/FSB post crisis recommendations aimed at strengthening securities markets. The Implementation Report: G20/FSB Recommendations related to Securities Markets has been prepared by IOSCO’s Assessment Committee, as part of its G20 Markets Reform Review Project. This effort involved…
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