According to the regulator, before June 2019, UBS implemented multiple software systems to comply with its recordkeeping obligations. These systems operate its trader turret communication devices and recorded and stored voice recordings of calls occurring on these trader turrets. The recording systems had a know flaw causing them to fail to synchronize certain call data.…
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Mark McGinness commented: The rapid mainstream adoption of blockchain and crypto technology signals a need for a deeper understanding and appreciation among governments, regulatory bodies and users alike. I aim to bridge this divide through working closely with industry leaders and policymakers to not only set best practices and regulatory frameworks, but also broaden their…
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The company attained $3 billon valuation in the latest funding round. Paying customers in 180 countries use the London-based financial information platform.
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Monex is committed to its goal of offering the wealth management services that protect the value of customers’ assets and of becoming a customer-centric asset/wealth manager. Monex is already offering consulting services to its customers through independent financial advisors. The in-person services allow the company to offer its products through in-person marketing and to cate…
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According to the FMA, the breaches occurred between September 2015 and July 2020. Jarden, formerly NZ Capital Securities, acquired OMF in 2019. The company self-reported to regulator in September 2020. During the period of the violations, the FMA found that OMF transferred its own money into the trust account meant to hold derivative investor money…
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Mark Branson said in his first conference since taking the new position: But for me, this is only the beginning of BaFin's long-term development. It will take time before we reach our objectives in all areas. Among the new measures taken this year to deliver on strengthening BaFin’s powers, task forces to oversee companies with…
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Earlier this year, Moscow Exchange has been extending trading hours for market participants. Since March, MOEX’s FX, Precious Metals and Derivatives Markets opened at 7am and closed at 23:50 Moscow time. The exchange made available after-hours trading on Bond Market in September. Clients of the exchange are able to test the morning hours on their…
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Liam Mason, FMA General Counsel, said: Advertising can significantly influence people’s investment decision making, so it’s critical that firms’ marketing materials don’t mislead or confuse consumers. The FMA noted in its announcement that the format of some ads is limited like banners on social media platforms and webpages. The regulator expects firms to ensure ‘click…
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With the SOL scalable crypto asset ran via the Solana blockchain, users of the eToro platform can buy, hold or sell it. Doren Rosenblum, Vice President of Business Solutions at eToro, commented: The long-term potential of crypto is clearly a concept that is now widely accepted, and the interest in crypto from both institutional and…
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LR: The last two years were turbulent, to say the least. What trends have you noticed in the retail forex industry? What changes in the industry do you think we can expect in the near future? Tom: One of the biggest trends has been the consolidation of brokers into several more significant players. We’ve also…
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