The SFC found that third party deposits from 2009, 2011 and 2015, made in cheques and bank transfers, were not identified until 2016. The Commission also found extensive deficiencies in its review of BISL’s margin lending and margin call policy from December 2012 to November 2016. The company failed to document and enforce a clear…
Read more
Elimelech joined Plus500 back in 2012 and undertook his role as CEO in 2016. He steps down after over years at the helm, having navigated the company through turbulence and regulatory changes. Penny Judd, Chairman of Plus500, commented: Asaf Elimelech has been a significant part of Plus500’s success in recent years; we thank him for…
Read more
Mitesh Vaghela, Director of Product for Equiti Group, commented: In an already saturated market, Your Bourse’s commercial approach could be a huge deciding factor for new and existing brokers in adopting their technology. Partnering with Your Bourse aligns well with the Equiti ethos to collaborate with the best solutions available to grow our network. Your…
Read more
MAX will use its digital assets network and its industry team’s experience in financial markets infrastructure business and operations. Amon the names of the people whose expertise will be leveraged are: Hirander Misra, Deputy Chairman, and Scott Riley, Chief Post Trade Officer, who were previously co-founders of Chi-X Europe and Tony Harrop, Director of Technology,…
Read more
OIL The oil war combined with the devastating effect of the coronavirus-induced lockdown on economies has triggered a dramatic fall in the price of oil with WTI plunging to its lowest level in more than 20 years with the May contract sinking below $15. On top of that, there is a wide contango across contracts,…
Read moreC. Dabney O’Riordan, Co-Chief of the Asset Management Unit said: This incredibly successful initiative led to the return of almost $140 million to harmed investors, stopped wrongful conduct, and highlighted the importance of an adviser’s obligations to provide full and fair disclosures to clients. We continue to actively pursue disclosure failures that financially benefit the…
Read more
What about those hidden clues that point to Bitcoin’s potential future? Analysts at Cointelegraph have focused on the $7.6 billion that currently is sitting on the sidelines, stored in various stablecoins and just waiting to jump into the fray. Are these funds waiting for the halving event to have its greatest impact on prices or…
Read more
Steven Maijoor, ESMA Chair, commented: The finalisation of the MoU with MAS is an important step towards the completion of the EU’s third country regime for benchmarks. Regulators around the world are committed to the accuracy and reliability of key global benchmarks and this MoU will facilitate the achievement of these objectives. Ong Chong Tee,…
Read more
So far, the agency has awarded over $425 million to 79 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…
Read more
The website claims that the company operates from the UK. However, The Financial Conduct Authority (FCA) in the United Kingdom states that MetalsWise is not registered there. Currently, the company is advertising on New Zealand radio. MetalsWise is not registered or licensed to offer financial services in the country. Read More: New Zealand FMA adds…
Read more