Daily market commentary: Market sentiment remains uncertain as the end of the month approaches LeapRate

April 27, 2021 BY Steffy Bogdanova

Daily market commentary: Market sentiment remains uncertain as the end of the month approaches

EUROPEAN SHARES Market sentiment remains uncertain as the end of the month approaches while the short-term outlook continues to be torn between solid corporate results and spiking virus cases. However, while most concerns come from emerging countries, the fact that developed nations keep on registering solid economic data amid the success of the vaccine rollout…

April 27, 2021 BY Steffy Bogdanova

SEC charges Harbor City Capital and its CEO with operating a Ponzi scheme

SEC’s complaint further reveals that Maroney misused investor money by making payments to other entities unrelated to the supposed purpose of the offerings and that he fraudulently used investor funds to make monthly interest payments and other payouts to investors in a classic Ponzi scheme manner. Eric I. Bustillo, Director of the SEC's Miami Regional…

April 27, 2021 BY Steffy Bogdanova

Broadridge teams up with FundApps for a regulatory compliance solution

Asset management and global hedge fund customers - who utilise Broadridge’s automated processes to enhance the quality of their data and manage their compliance requirements to focus on earning returns for clients - will now reap the rewards of FundApps’ compliance-as-a-service solution, which fully automates both compliance reporting and monitoring. By combining the capabilities of…

April 27, 2021 BY Steffy Bogdanova

UBS announces changes to the Executive Board

Group Chief Executive Officer Ralph Hamers commented: I’m excited to welcome Mike Dargan to the GEB in his expanded role. Given his strong track record and in-depth expertise, I’m confident that he is the right leader to help us achieve our strategic ambitions in the digital and technology space by bringing the best experience to…

April 26, 2021 BY PureContent

Coin Signals’ Jeremy Spence to pay $44m penalties at CFTC request

The civil monetary fine that Spence will have to pay amounts to $33 million according to the latest CFTC order, with restitution penalties totalling just over $11 million to be paid to Coin Signal customers who fell victim to the fraudulent scheme. The initial complaint stated that Spence eventually conceded to Ponzi victims that he…

April 26, 2021 BY Steffy Bogdanova

Daily market commentary: The dollar is starting the week

EUROPEAN SHARES European shares followed the global trend by opening slightly higher at the start of another busy week on the macro front. While corporate results are still likely to be the main focus for investors, especially with earnings from tech giants Apple and Facebook as well as Tesla looming this week, traders will also…

April 26, 2021 BY PureContent

XTB sees 33% rise in revenue in Q1

Net deposits from XTB clients remained at PLN 951.2 million for Q1, and the report stated a significantly higher figure than 2020’s Q4 figure of PLN 619.7 million. XTB released the latest news just after markets closed for the weekend, meaning reactions to its Q1 figures will unfold throughout the week. In fact, shares in…

April 23, 2021 BY Steffy Bogdanova

BUX secures $80 million investment in latest funding round

Yorick Naeff, the newly appointed CEO of BUX, said: With this new funding round, BUX will continue to spearhead innovation by implementing advanced features to shape further the future of how Europeans invest. We are extremely grateful to have top tier investors like Prosus Ventures and Tencent onboard to support us in our mission. In…

April 23, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: CLS reports an increase in March trading volumes, Lars Gottwik leaves JFD

Robinhood has announced Christine Brown will lead its crypto division as Chief Operating Officer. At her new position, she’ll oversee all of crypto operations and compliance. Brown will also keep her current position of Robinhood Markets’ VP of Product Operations. The Crypto division is part of Robinhood’s efforts to expand access to financial services to…

April 23, 2021 BY Steffy Bogdanova

SFC cancels IDS Forex HK Limited’s license and bans former co-CEOs

Kim’s arrest and conviction in Korea fundamentally damages his reputation and reliability. This put serious doubt over IDS Forex’s fitness and properness to be licensed. The SFC expressed concerns about the company due to the correlation and timing of the fraudulent scheme Kim was involved in and his capital injections into the company. Furthermore, the…