Online trading services provider Monex Group, Inc. (TYO:8698) has reported its quarterly consolidated financial results and financial results of its wholly-owned subsidiary for the first quarter of the fiscal year ending March 31, 2017. The company reports that the preliminary results are prepared in accordance with IFRSs and the subsidiary results – in accordance with…
Read moreAustralia financial regulator ASIC has permanently banned Mark Steven Grevsmuhl from providing financial services and engaging in credit activities after he was convicted of multiple counts of fraud in the Brisbane District Court on 8 October 2015. Mr Grevsmuhl was sentenced to 13 and a half years imprisonment after setting up fake superannuation investments and…
Read moreManaged account services provider, Mediatrix Capital Inc., has announced today that it is now accepting trading accounts in multiple global currency denominations including the Euro, British Pound, Japanese Yen, Swiss Franc, Australian Dollar, Canadian Dollar and Chinese Yuan. This accommodation allows investors to maintain or launch new investments in their native base currencies, which means…
Read moreVerizon Communications Inc. (NYSE:VZ) has confirmed $4.83 billion buyout of online pioneer Yahoo (NASDAQ: YHOO), marking end of an era for company that once defined the internet. The telecoms giant has been the leading candidate in Yahoo's four-month sale process. By pairing Yahoo with AOL, Inc. (NYSE:AOL), which Verizon bought in May 2015 for $4.4…
Read moreFreetrade has announced today that it will be launching its new platform for trading stocks and shares, which brings proven commission-free trading technology and fractional share dealing to the UK for the first time. Most people, especially Millennials, are priced out of investing on the stock exchange. Costly broker fees, typically around £12 per transaction,…
Read moreDuring 2015 and 2016 Cyprus financial regulator CySEC has performed on-site inspections assessing the compliance of Regulated Entities with their obligations deriving from the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007-2016. The on-site inspections have shown an overall improvement and strengthening in the internal policies and controls implemented by Regulated…
Read moreFinancial regulators have shut down a foreign exchange trading scheme in Dubai that promised investors they could more than double their money. Exential Group in Dubai Media City was ordered to cease trading on Sunday as the Department of Economic Development (DED) investigates complaints by clients that due payments had dried up. The company promised…
Read moreAfter warning on CFD trading, the European Securities and Markets Authority (ESMA) has issued a warning about the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors who are unaware of the risks associated with these products, and also highlights the regulatory action taken in relation to several Cyprus-based investment…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) has introduced its Closing Auction Session (CAS) for securities after extensive preparations and testing conducted in conjunction with market participants. There were 290 Exchange Participants that took part and 282 stocks were traded in the CAS on its first day, contributing 2.2% of the full-day turnover. Closing auction…
Read moreThe Tokyo Commodity Exchange, Inc. (TOCOM) has launched a new physical market for gold, Gold Physical Transaction. The number of executed transactions for the first trading day was 14. TOCOM is the only regulated exchange that operates a gold market in Japan and gold is the most actively traded commodity at the Exchange. With the…
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