Mung also failed to ensure transactions undertaken on behalf of the client were given priority over orders for his own account in the period between May 2017 and March 2018. In SFC’s decision to impose a fine on Ewarton, the regulator took into consideration the duration of the company’s misconduct. The Commission also took into…
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GOLD The dollar’s recovery attempt hasn’t curbed the strength of gold seen in the last few days. The price is challenging the resistance zone at $1,900, while the main trend still appears positive for bullion as investors' interest for gold has returned. From a technical point of view, gold looks on track to continue its…
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During the conference, da Ponte was also probed on the subject of central bank digital currencies (CBDCs), following news that the PayPal vice president had met up with central bankers across the globe. Though da Ponte accepted the logic of central banks issuing their own tokens, he refused the common opinion that just one of…
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In the official announcement, HSBC also said it is planning to sell parts of its business to other US companies. The London-based lender revealed it has agreed to sell its East Coast retail unit, which includes 800,000 customers and 80 branches, to Citizens Bank. Cathay Bank is planning to buy the company’s retail business in…
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The cryptocurrency mining industry has become prominent in Iran partially due to the presence of highly subsidised electricity within an extremely power-reliant trade. With such subsidies in place, imports can then theoretically be paid for using bitcoin. However, the US has implemented sanctions that bar all banking transactions between themselves and Iran, and with blockchain…
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The trades are settled in RUB via MOEX’s infrastructure, which includes a qualified central counterparty and record-keeping with the central securities depository (NSD). Dividends are set in the currency of the issuer, i.e., in USD for US securities. Individual investors are able to establish their eligibility a reduction of or exemption from tax on dividend…
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Matt Macklin, IG’s UK Head, said: Watching the recent accomplishments of the England teams, we have been struck by the clarity of strategic thinking and quality of execution, and how this aligns with IG’s ethos as a business. Tony Singh, Chief Commercial Officer at ECB added: IG is an ambitious organization which shares our commitment…
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FairX CEO Neal Brady said: We’re delighted to work with many of the industry’s leading firms to offer a futures trading venue designed to meet the needs of the global retail futures trader. FairX aims to democratize access to futures and options on futures by delivering superior products, seamless access and dramatically lower exchange costs…
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The FCA has expressed serious concerns regarding the sales and marketing practices of the EverFX Group. The regulator found the company used misleading financial promotions, failed to inform consumers about the nature and risks of CFDs, applied pressure to invest additional funds, instructed clients on which trades to make, and failed to allow customers to…
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Alan Thomas, Gokul Laroia and David Russell, the three global co-heads of institutional equities at Morgan Stanley, said in the internal memo that: Ed has been as responsible as anyone for the growth of our prime brokerage business and by extension for the return of our equities franchise to prominence. Penny Novick, who makes up…
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