June 09, 2016 BY LeapRate Staff
Baidu bans ads by Binary Options brokers - LeapRate Exclusive
Ads by Retail Forex brokers will remain for now on Baidu, but CPL rates are likely to rise significantly.
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June 09, 2016 BY LeapRate Staff
Morgan Stanley client data hacked and sold online leading to $1 million SEC fine
The U.S. Securities and Exchange Commission today announced that Morgan Stanley Smith Barney LLC, a division of Morgan Stanley (NYSE:MS), has agreed to pay a $1 million penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered for sale online. The SEC issued an order finding…
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June 09, 2016 BY LeapRate Staff
Playtech hires former gaming regulator Francesco Rodano as Chief Policy Officer
Online gaming and trading provider Playtech PLC (LON:PTEC) has announced that it has hired Francesco Rodano, who will join Playtech's executive management team as the company's new Chief Policy Officer. Rodano was previously the Italian online gaming regulator at AAMS. He will be based in London, and report to Playtech CEO Mor Weizer. Rodano will…
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June 08, 2016 BY LeapRate Staff
Formal statement issued on IronFX-FXDD merger and Nukkleus reverse takeover
It seems that our coverage of the planned IronFX-FXDD-Nukkleus merger and reverse takeover has caused quite a stir in the Forex industry. After LeapRate first broke the news (at about 9:45am CET Monday), a number of other blogs seemed to pop up with me-too 'Exclusive' stories of their own on the subject, such as opinions…
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June 08, 2016 BY LeapRate Staff
CMC Markets full year FY16 Revenues up 18% to £169M, volumes $250B monthly
FCA regulated online trading firm CMC Markets Plc (LON:CMCX) has made its first major financial results announcement as a public company since CMC's IPO back in February. And it is a good one. Before getting to the details of the results, we'd remind LeapRate readers that we can't really see yet the 'IPO effect' in the…
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June 07, 2016 BY LeapRate Staff
Akamai hit by SEC for bribing Chinese officials
The U.S. Securities and Exchange Commission today announced non-prosecution agreements (NPAs) with two unrelated companies that will forfeit ill-gotten gains connected to bribes paid to Chinese officials by foreign subsidiaries. Massachusetts-based cloud services and network optimization provider Akamai Technologies, Inc. (NASDAQ:AKAM) has agreed to pay $652,452 in disgorgement plus $19,433 in interest. According to the NPA,…
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June 07, 2016 BY LeapRate Staff
CFTC issues charges in $2.7 million Bait-and-Switch precious metals and rare diamonds fraud
The U.S. Commodity Futures Trading Commission (CFTC) today announced that on May 31, 2016, it filed a civil enforcement action in the U.S. District Court for the Southern District of Florida charging defendants Jeffrey Slemmer of Acton, Massachusetts, Christian Dorrian of Boynton Beach, Florida, and Adam Roth of Boca Raton, Florida, and their respective Florida…
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June 07, 2016 BY LeapRate Staff
ADS Securities expands to full-service brokerage in Hong Kong with SFC Type 1 & 2 licenses
ADS Securities, the Abu Dhabi-based international financial services firm, has announced that it had successfully secured its Type 1 and Type 2 regulatory licenses from the Hong Kong Securities and Futures Commission (SFC). With the addition of these licenses permitting the company to deal in both securities and futures contracts, ADS Securities Hong Kong Limited will…
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June 07, 2016 BY LeapRate Staff
Swiss National Bank still intervening massively to stabilize the EURCHF exchange rate: IG
... and this is not going to stop.
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June 07, 2016 BY LeapRate Staff
ICAP-Tullett Prebon deal review upgraded to Phase 2 by UK competition watchdog
The plan for interdealer broker ICAP to sell its hybrid voice broking and information business to Tullett Prebon might be in trouble, or at best further delayed. ICAP announced Tuesday the the UK's competition watchdog, the Competition and Markets Authority (CMA), which had begun looking at the transaction in early April still had not made up…
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