LeapRate Staff
LeapRate Analyst
May 20, 2016 BY LeapRate Staff

CySEC and Cyprus' MOKAS anti money laundering unit issue directives on Panama Papers

Further to our earlier report whereby CySEC ordered all regulated CIF firms to investigate any links to Mossack Fonseca, a Directive has been issued by Cyprus' anti money laundering unit MOKAS, clarifying Regulated Entities’ reporting obligations in relation to the publicly available list of persons which are included into the documents of Mossack Fonseca, referred to commonly as the…

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May 20, 2016 BY LeapRate Staff

CySEC and Cyprus' MOKAS anti money laundering unit issue directives on Panama Papers

Further to our earlier report whereby CySEC ordered all regulated CIF firms to investigate any links to Mossack Fonseca, a Directive has been issued by Cyprus' anti money laundering unit MOKAS, clarifying Regulated Entities’ reporting obligations in relation to the publicly available list of persons which are included into the documents of Mossack Fonseca, referred to commonly as the…

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May 20, 2016 BY LeapRate Staff

Fullerton Markets hires Chartered Accountant Damian O’Brien as CFO

New Zealand based retail forex broker Fullerton Markets today announced the appointment of Damian O’Brien as its new Chief Financial Officer (CFO). A chartered accountant for 25 years, Damian has been a professional investment manager and trustee for multiple investment structures, including several he has cofounded in the past. He graduated in 1989 in Accountancy from Victoria University in…

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May 20, 2016 BY LeapRate Staff

Tough Q1 at EZTrader.com - $3.3 million loss, SEC Wells Notice, and $600,000 arbitration order

Binary options brokerage EZTD Inc (OTCMKTS:EZTD), parent company of CySEC regulated WGM Services Ltd which operates binary options brands EZtrader.com and EZinvest.com, reported its Q1 results showing a growing net loss and decreasing revenues, despite a large ramp-up in marketing spend. EZTD lost $3.3 million in Q1, a fairly large number given its Revenues in the quarter were…

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May 19, 2016 BY LeapRate Staff

Ayondo hires Daiwa Securities' Rick Fulton as CFO ahead of planned IPO

FCA regulated social trading pioneer Ayondo has announced the appointment of Rick Fulton as its new Chief Financial Officer (CFO). Rick Fulton is joining Ayondo from Daiwa Securities, where he was Managing Director, Regional CFO Asia and Oceania. He previously held senior positions at Royal Bank of Scotland and Deutsche Bank in London, and was also CFO…

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May 19, 2016 BY LeapRate Staff

Ayondo hires Daiwa Securities' Rick Fulton as CFO ahead of planned IPO

FCA regulated social trading pioneer Ayondo has announced the appointment of Rick Fulton as its new Chief Financial Officer (CFO). Rick Fulton is joining Ayondo from Daiwa Securities, where he was Managing Director, Regional CFO Asia and Oceania. He previously held senior positions at Royal Bank of Scotland and Deutsche Bank in London, and was also CFO…

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May 19, 2016 BY LeapRate Staff

Not all roses in Teddy Sagi's world: Playtech's X-Wise unit lays off 150

It looks like another unit of Teddy Sagi's online gaming and trading holding company Playtech PLC (LON:PTEC) is going through a series of large scale layoffs. After LeapRate's exclusive report earlier this year about mass firings at Playtech Retail Forex unit Markets.com in a restructuring of its sales, retention and customer service operations, it now appears as if…

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