fma warns against unregulated company
November 18, 2016 BY Valentina Kirilova

NSSC warns on Magnum Options and Hampshire Capital Ventures Ltd.

The Nova Scotia Securities Commission (NSSC) has cautioned investors about Magnum Options, which is offering binary options via an online trading platform to Nova Scotians. Magnum Options also appears to go by the name of Hampshire Capital Ventures Ltd., and it is known to have used websites magnumoptions.com and magnumoptions.eu. These entities are not registered…

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November 18, 2016 BY Valentina Kirilova

CySEC changes CIF license application process

The Cyprus Securities and Exchange Commission (CySEC) has informed all interested parties who have already submitted and/or intend to submit an application to obtain CIF, UCITS Manager and external AIF Manager authorisation (license of operation), that, following the CySEC Board’s decision dated 14 November 2016, the authorisation procedure has been amended as follows: 1. CySEC will…

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November 18, 2016 BY Valentina Kirilova

Canadian securities regulator NSSC warns against increased Binary Options solicitations

The Nova Scotia Securities Commission (NSSC) has noticed an increase in solicitations and marketing for investment in binary options. At this time, no binary options trading companies are registered in Canada. The NSSC assumes that these platforms may be engaging in illegal activity. The Commission pointed out that: Investing in binary options is intended for…

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sec building
November 18, 2016 BY Valentina Kirilova

SEC charges Renewable Energy company, CEO, and others with defrauding investors

The Securities and Exchange Commission (SEC) has filed fraud charges against four individuals and others who allegedly profited by defrauding investors in a cash-strapped California-based renewable energy company. Patrick Carter, the founder and CEO of 808 Renewable Energy Corp. was charged along with the company, chief operating officer Peter Kirkbride, sales representatives Martin Kinchloe and…

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November 17, 2016 BY Valentina Kirilova

U.S. housing climbs its way up to a nine-year high in October, consumer prices record their biggest increase in 6 months

October appears to have been a great month for U.S. housing, U.S. consumer prices, and also Single-family permits. Not so good for Underlying inflation though. U.S. housing rose to a more than nine-year high last month as builders increased construction of single as well as multifamily homes. Turns out that the housing might contribute to economic growth…

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