SEC brings charges against EIA All Weather Alpha Fund I Partners in a $39 million fraud case LeapRate

May 26, 2022 BY Steffy Bogdanova

SEC brings charges against EIA All Weather Alpha Fund I Partners in a $39 million fraud case

SEC also stated that EIA and Middlebrooks misused new investor money in a Ponzi-like manner. They made payments to other investors in the fund in order to continue the deception that the fund was profitable. The US watchdog alleges that Middlebrooks also misappropriated investor funds for personal use, including for jewelry and credit card payments.…

May 26, 2022 BY Steffy Bogdanova

ASIC proposes extending the ban on binary options until October 2031

ASIC stated: As expected, retail clients have not made any losses (or profits) from trading binary options with licensed issuers since the product intervention order took effect. The regulator pointed out that during the period of the ban, 68% of wholesale clients lost money trading binary options in that period as the ban does not…

May 25, 2022 BY Steffy Bogdanova

Stripe launches Stripe App Marketplace

Jon Fasoli, chief product and design officer at Mailchimp, added: Let’s say, for example, a business owner wants to automate a targeted message when a customer makes a purchase, sending them a specific discount offer to encourage repeat purchases. The Mailchimp app automatically syncs this customer’s information between Stripe and Mailchimp, streamlining their operations and…

May 25, 2022 BY Steffy Bogdanova

Daily market commentary: the US dollar is gaining ground on its peers

Gold Gold prices hedged down during early Wednesday trading; a move dictated by a strengthening US dollar. The precious metal price action has, to a large extent, been determined by its inverted correlation with the greenback, and today’s picture is a perfect snapshot of that dynamic. After a losing streak that lasted for several sessions,…

Exness hires Katina Messinis as Head of Premier Account Management Operations

May 25, 2022 BY Steffy Bogdanova

Exness appoints Katina Messinis as Head of Premier Account Management Operations

Messinis joins Exness from copy trading platform provider ZuluTrade, where she served as Head of Institutional Sales. She spent almost 2 years with the Greece-based firm. Before that, Messinis was in senior business development positions in a number of global service firms. She has worked at accounting and consulting firm PwC, and US-based law firm…

Saxo appoints Charu Chanana as Market Strategist in Singapore

May 25, 2022 BY Steffy Bogdanova

Saxo strengthens market insights in APAC, appoints Charu Chanana as Market Strategist in Singapore

With more than 30 years of experience in the industry, Redmond Wong is based in Hong Kong. He focuses on communicating Saxo's global investment strategy, generating Hong Kong and mainland China focused research, and delivering actionable insights across different asset classes and tradable instruments. Charu Chanana commented: I am excited to take on this role with…

May 24, 2022 BY Steffy Bogdanova

Why do investors like to add gold to their portfolios?

Gold has generally been steady through time as it cannot deteriorate and it does not lose its value due to age. Because of this, it has been seen as way to preserve investor wealth over time. Furthermore, unlike fiat currencies, Gold’s value cannot be controlled by a central bank, and it isn’t affected by printed…

May 24, 2022 BY Steffy Bogdanova

Dukascopy warns about a fake crypto clone website

The Swiss firm further warned people against providing their personal information on the clone website. The company stated: Do not trust any information to be found on the website www.dukascoin.holds-coins.com. This website is a clone of www.dukascoin.com website and its purpose is to induce individuals to reveal seed phrases to their crypto wallets. Do not…

May 24, 2022 BY Steffy Bogdanova

BUX furthers expansion in Spain with appointment of Álvaro Vidal as Country Manager

Yorick Naeff, CEO of BUX, commented: We were looking to find the right Country Manager who believes in our vision, understands hypergrowth and knows the Spanish market inside-out. Vidal combines all these attributes and I’m confident that with his extensive background, we will maintain our current growth momentum. Álvaro Vidal said: I was immediately drawn…

Weekly data: Oil and Gold price action before the NFP

May 24, 2022 BY Steffy Bogdanova

Daily market commentary: Gold prices continue to recover from the multi-month lows

Gold Gold prices continue to recover from the multi-month lows touched earlier in May. The non-yielding precious metal is benefiting from the drop in treasury yields together with some dollar weakness - with which it has an inverted price correlation. The stabilization of treasury yields and the dollar, which have retreated from peaks reached in…