The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Marcus Korsten. 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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The Financial Markets Authority (FMA) has just issued a public warning against a scam company called ZonggangCaifu. ZonggangCaifu Website: www.zgtra.com ; www.zgangfx.com ; www.zongforex.com Reason for warning: ZonggangCaifu is not registered, licensed, or regulated in New Zealand as claimed on its websites. The financial service provider registration numbers of FSP1782, FSP1762, FSP488226 and FSP536586 displayed…
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Euronext, the pan-European exchange in the Eurozone, has announced the acquisition of 78% of the capital of Commcise from its founders for an initial cash consideration of £27 million. Commcise is a Software as a Service (SaaS) provider of research evaluation and commission management solutions for financial services firms, combining research funding, consumption and accounting into a…
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The Venezuelan government recently introduced a state-backed digital coin, called Petro. The country has been facing economic downturn and the Venezuelan President, Nicolas Maduro, introduced the oil-backed digital coin to fight the dying economy. Back in the summer of 2018, the situation in Venezuela was so critical that people had to line with days for food…
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The following article is a guest post, courtesy of Forex broker platform and technology provider Leverate. Every broker’s marketing budget has a large proportion attributed to lead generation - it’s integral for maintaining revenue and growth that businesses continue to generate new customers. New brokerages need clients, old hands want growth, and both need to…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 20, 2018. Highlights include: Markets Drop on Fed Hike: US markets dropped following the Fed announcing that it will raise interest rates from 2.25% to 2.5%. Even though they were expecting the hike, the…
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The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, has announced that Larry Thompson will retire at the end of this year. Mr Thompson served in a variety of senior-level roles at DTCC, including General Counsel and, most recently, Vice Chairman of the firm. Michael Bodson, DTCC President and CEO,…
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Moscow Exchange (MOEX) has announced that it has started trading sunflower seeds on its Urozhai trading and clearing platform. MOEX offers deliverable forward contracts with expiry dates ranging from 3 to 180 days, as well as deliverable swap contracts. The exchange also uses the Urozhai platform for grain and sugar trading. Igor Marich, Managing Director of the…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Bex Options. Bex Options is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read moreThe Securities and Exchange Commission (SEC) has announced that it has charged 13 individuals and 10 companies for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. The SEC has now charged 18 of Woodbridge’s highest-earning unregistered sales agents who sold more than $400 million of its securities to retail investors,” said Eric…
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