SEC fraud
June 30, 2022 BY Steffy Bogdanova

UBS agrees to pay $25 million penalty to settle fraud charges with SEC

Osman Nawaz, Chief of the Division of Enforcement’s Complex Financial Instruments Unit Advisory firms are obligated to implement appropriate policies and procedures to ensure all parties involved in the sale of complex financial products and strategies have a clear understanding of the risks those products present. As fiduciaries, advisers also must make suitable recommendations to…

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Tastyworks
June 30, 2022 BY Steffy Bogdanova

tastyworks adds a risk analysis tool

Scott Sheridan, CEO of tastyworks, said: Our platform was built by traders for traders and we remain focused on creating a dynamic experience, with better tools and methods to help traders understand and evolve their trading strategies. Clients understanding risk is very much a critical part of that strategy. Having a keen understanding of risk…

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June 29, 2022 BY Steffy Bogdanova

FIS launches Guaranteed Payments solution

The Guaranteed Payments solution is currently available across the Signifyd Commerce Network. The new tool focuses on maximizing revenue by delivering increased merchant approval rates, providing guaranteed chargeback protection and creating a faster integration experience for merchants. Guaranteed Payments is now fully integrated into the Worldpay from FIS platform. Vicky Bindra, Chief Product Officer at…

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Broadridge
June 29, 2022 BY Steffy Bogdanova

Broadridge adds Société Générale to its Distributed Ledger Repo Platform

Vijay Mayadas, President of Capital Markets at Broadridge, added: Société Générale is an innovator in capital markets, and we’re excited to welcome them onto to this award winning DLR platform. Broadridge continues to drive the transformation of repo market infrastructure with the distributed ledger technology repo platform via the utilization of smart contracts to digitize…

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Daily Market Commentary
June 29, 2022 BY Steffy Bogdanova

Daily market commentary: Brent crude prices fall, as investors consider a slowdown in global economic activity

Against this backdrop, today’s pause in the rise of prices comes as investors weigh the potential impact of the looming recession on future fuel demand; whether this pause will last remains to be seen, but the current scenario, where demand outstrips supply, would normally support further prices increases. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions…

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BNY Mellon Investment Adviser charged with omissions in ESG by SEC
June 29, 2022 BY Steffy Bogdanova

SEC slaps Ernst & Young with a $100 million fine

Further, EY admits that during the Enforcement Division’s investigation into the firm, it stated that the firm had no current issues with cheating when, in fact, it had been informed of possible cheating on a CPA ethics exam. Moreover, EY did not correct its stance after it conducted an internal investigation and confirmed that cheating…

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June 29, 2022 BY Steffy Bogdanova

HYCM provides traders with professional tools and services

Finally, Seasonax has a slightly different approach to analysis. It focuses on the seasonality of different asset classes and individual symbols. The tool works with more than 30 years of historical price data to allow HYCM traders to see if there are any seasonal patterns to observe and trade on. Seasonax can offer a different…

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