LeapRate Exclusive... LeapRate has learned that FCA regulated broker ETX Capital is making some changes to its trading product lineup, ahead of new MiFID II regulations which come into effect early next year. In addition to January 2018 heralding the onset of MiFID II regulations across Europe, the new year will also see the transfer of…
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The Autorité des marchés financiers (AMF) has published a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: www.capitaldeposit.net www.emfi-placesecurity.com www.xfr-financial.com A list of all unauthorized websites to offer trading of binary options is available in…
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The Swedish Financial Supervisory Authority Finansinspektionen (FI) just informed that persons claiming to represent Vogel Capital are offering Swedish investors to trade with securities in terms of binary options. FI has investigated the matter and has not been able to determine that Vogel Capital is a going concern. Vogel Capital / Commercial Support LP is neither…
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Breaking Forex News... The UK financial regulator, the FCA, has announced that effective January 3, 2018, firms offering binary options in the UK will be regulated by the FCA, and will no longer be licensed by the Gambling Commission. The decision by the FCA ends a lengthy internal debate at the regulator, as well as…
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Following an ASIC investigation, Jana Jaros and Jackson Laurence Malcolm Capper were convicted and sentenced for operating a financial services business without a licence and lodging false documents to ASIC containing false or misleading material. Each defendant pleaded guilty in the Southport Magistrates' Court. Ms Jaros was sentenced to three months' imprisonment, to be released…
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After months of behind-the-scenes lobbying and resulting delays, Israel's Binary Options bill was passed in the country's Knesset parliament late Monday, in a (rare) unanimous 53-0 vote. The vote came in the opening day of the Knesset's winter session, after intense industry lobbying efforts were able to delay the Binary Options bill from being introduced…
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Cyprus financial regulator CySEC has issued a series of Board Decisions, indicating that it is fining the former owners and management of now defunct Binary Options brokerage group Pegase Capital Ltd a total of €200,000. Pegase operated the Interactive Option binary brand. The majority of the fine, €150,000, was issued to former shareholder and CEO of Interactive…
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The Nova Scotia Securities Commission (NSSC) just issued a warning that Ashford Investments is not registered to sell securities in Nova Scotia. At least one Nova Scotia investor has lost money investing with the company. The investor was intending to do business with Quantum Code and his credit card was charged by Ashford Investments. Both…
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Led by The International Organization of Securities Commissions (IOSCO), World Investor Week is a week-long, global campaign to raise awareness about the importance of investor education and protection and highlight the various initiatives of securities regulators in these two critical areas. From 2-8 October 2017, IOSCO securities regulators and other IOSCO members on six continents will provide…
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Pan-Canadian financial regulator Canadian Securities Administrators (CSA) has announced the implementation of Multilateral Instrument 91-102 Prohibition of Binary Options, which makes it illegal to advertise, offer, sell or otherwise trade binary options shorter than 30 days with any individual. The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the…
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