Swiss multinational investment bank and financial services company UBS AG has been fined £27,599,400 by the UK financial regulator the Financial Conduct Authority (FCA). The company failed relating to 135.8 million transaction reports between November 2007 and May 2017. Mark Steward, FCA Executive Director of Enforcement and Market Oversight said: Firms must have proper systems…
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INTL FCStone Inc. (NASDAQ: INTL) just informed that its Singaporean subsidiary INTL FCStone Pte Ltd (IFP) is about to acquire the futures and options brokerage and clearing business of UOB Bullion and Futures Limited, a subsidiary of United Overseas Bank Limited. Greg Kallinikos, Deputy CEO, Asia, commented on the acquisition: Adding such a well-established, Asian-focused…
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End-to-end customer analytics company Stratifyd just announced that it has added Shannon Ayers to its team as its new Chief Financial Officer. Ayers will be responsible for the financial forecasting process, and will oversee the preparation of financial reports. Shannon Ayers has over18 years of experience providing financial leadership to companies such as ASC Volvo,…
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The provider of big data analytics to financial institutions RavenPack just launched a new portfolio ranking tool based on sentiment factors. The new tool provides on-demand ranking of more than 50,000 companies and aims to help financial professionals build stronger portfolios. Users will now be able to create lists of positive or negative sentiment stocks…
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2gether recently announced that it is expanding into the rest of Europe after a successful beta release in Spain. The company has retained A.T. Kearney and KPMG as its chief advisors during the launch of its Visa-branded 2gether card, which allows users to pay with crypto all over Europe. The new card aims to make…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Terium Gestium. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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Bitcoin prices are surging again, testing the $4,000 psychological level once more and doing their best to convert this formidable resistance plateau to one of support. If Bitcoin is to accelerate to higher realms, it must build a launching pad from which to do so, but analysts remain confused as to what is driving this…
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The U.S. Commodity Futures Trading Commission (CFTC) today revealed that the U.S. District Court for the Western Division of California’s Central District entered an order granting the CFTC’s submission for a default judgment (Order) accompanied by a judgment aligned with the Order (Judgment) against the accused Jin Choi (Choi), who is a Republic of South…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Sucden Financial. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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Hong Kong’s Securities and Futures Commission (SFC) today issued an official reprimand of BOCI Securities Limited (BSL) and fined the company HK$10 million due to its internal controls and systems failures in the selling of its investment products. The disciplinary measures issued by the SFC followed an official investigation where it was discovered that BSL…
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