August 16, 2016 BY Mike Fox

UnionPay Mobile QuickPass debuts in North America

It was announced today by UnionPay International that a number of daily-spending merchants in Canada will start to accept UnionPay mobile QuickPass, which marks the debut of this innovative service in North America. Previously, UnionPay mobile QuickPass has been accepted at over 220,000 POS terminals in Hong Kong, Macau, Taiwan, South Korea, Singapore and Australia. The merchants accepting…

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August 16, 2016 BY Valentina Kirilova

Phil Foweraker is the new business development manager of alternative lender FundX

Alternative lending fintech, FundX, has announced the appointment of a new Business Development Manager chosen specifically for his expertise in finance broking, in recognition of the growing importance of fintech lenders partnering with finance brokers. Phil Foweraker has spent over 15 years in finance covering all facets of funding, including at Westpac and NAB, however…

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August 16, 2016 BY Valentina Kirilova

SEC: Hedge fund manager charged in scheme involving terminally ill

The Securities and Exchange Commission (SEC) has announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf of his hedge fund and redeem them early by invoking a survivor’s option. An SEC examination of…

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August 16, 2016 BY Valentina Kirilova

Parsley Energy prices upsized offering of Class A common stock

Parsley Energy, Inc. (NYSE: PE) has announced that it has priced an underwritten, upsized public offering of 7,250,000 shares of Class A common stock for total gross proceeds (before underwriters' fees and estimated expenses) of approximately $243.2 million (the Equity Offering). The 7,250,000 million share offering represents a 250,000 share upsize to the originally proposed 7,000,000…

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August 16, 2016 BY Valentina Kirilova

Tradency and m-Finance to offer Chinese and Hong Kong brokers RoboX as a shared wallet

The Fintech company Tradency and the Forex/Bullion trading solutions provider in Asia, m-FINANCE, are forming a new cooperation. This cooperation provides m-FINANCE's brokers and financial institutions in mainland China and Hong Kong with Tradency's RoboX & Mirror Trader platforms. All traders of m-FINANCE brokers can now easily access RoboX & Mirror Trader via their existing user…

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August 15, 2016 BY Mike Fox

CBOE launches first in series of social media-based strategy benchmark indexes

Chicago Board Options Exchange (CBOE) announced today that it has launched the CBOE-SMA Large Cap Index (SMLC Index), the first of a series of sentiment-based strategy benchmark indexes that measure short-term market momentum based on Social Market Analytics’ (SMA) social media metrics. CBOE announced in June that it entered into an exclusive licensing agreement with SMA…

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August 15, 2016 BY Valentina Kirilova

FCA warns on Westminster Guarantee Protection (Trustees) Limited

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 Westminster Guarantee Protection (Trustees) Limited firm. The company is not authorised by the FCA but has been targeting people in the UK: Westminster Guarantee Protection (Trustees) Limited Address:…

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