Today the UK Financial Conduct Authority put out details of the cloned firm South Finance. 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 scam…
Read moreInternational investors based in Hong Kong can now use their existing setup with banking company Clearstream’s global Vestima fund processing platform to directly invest in MRF-eligible, China-domiciled funds. The Mainland China - Hong Kong Mutual Recognition of Funds (MRF) programme allows Hong Kong and Chinese asset managers to distribute recognised funds in both jurisdictions. Vestima…
Read moreLeapRate Exclusive Interview... There have been no shortage of skeptics in the online trading world, as well as in the London City crowd, when it comes to London Capital Group Holdings plc (LON:LCG). LCG saw a change of control and complete makeover of its website, logo, trading platform, management, and a recapitalization led by entrepreneur Charles-Henri…
Read moreGain Capital UK Limited, the FCA regulated arm of global retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported its financial statements for 2015 indicating significant improvement for the company. The results are essentially for the City Index business which Gain Capital acquired in April 2015 for $118 million. We'd also note that the results…
Read moreThe Taiwan Stock Exchange (TWSE) and the Korea Exchange (KRX) have announced the cross listing of ETFs tracking the benchmark indices of both markets. The move further expands the growing links and cooperation between the two bourses. Both ETFs will be the first index-based products to track Korean and Taiwanese securities in each market. In Taiwan,…
Read moreBinary Options brokerage operator EZTD Inc (OTCMKTS:EZTD), which operates the EZTrader (eztrader.com), Global Option (globaloption.com) and EZinvest (ezinvest.com) binary options brands, has made filings with the SEC indicating that it is switching auditors. Out is Ziv Haft, Certified Public Accountants (Isr.), a BDO Member Firm. Replacing Ziv Haft as the company's auditor is Brightman Almagor Zohar…
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm Knight Cover. 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 scam…
Read moreAlpari UK special administrator KPMG has announced that the English High Court has approved its request to wind up the Alpari UK Client Money Pool, and distribute the rest of the Alpari UK client money it is now holding. As was exclusively reported on LeapRate in late September, a quirk in UK bankruptcy law was preventing…
Read moreThe Securities and Exchange Commission (SEC) has announced that it has named David H. Saltiel to head the Office of Analytics and Research in the Division of Trading and Markets. He joined the SEC in September. Stephen Luparello, Director of the Division of Trading and Markets, said: We are very fortunate to have David’s expertise at…
Read moreEuropean traders long the Pound may wake up Friday to learn that they were stopped out.
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