Category: Financial Services

FCA warning
January 14, 2021 BY Steffy Bogdanova

Finansa, Quantum Code and others added to FCA's warning list

Finansa Address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadine Telephone: +442-080-976-000; +442-080-970-364; +442-080-970-365; 02036953556; 02036953558; 01513080053; 01513080054; 03309084059; 03703339091; 07537150345; 03454019139; 07537151388 Email: [email protected]; [email protected]; [email protected]; [email protected]; [email protected] Website: https://finansa.io/ Quantum Code (Clone of FCA authorised firm) Website: http://qcdaff.qcode.buzz RFX Capital (clone of an FCA authorised firm) Address: 125 Old Broad Street, London Telephone: +44 203 6953487…

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Eurex
January 13, 2021 BY Steffy Bogdanova

Eurex saw 29% growth in the OTC Clearing space in 2020

The company attributed the volumes to a large extent to the Partnership Program which offers participants the chance to share in the economics of OTC IRD clearing and have a say in the governance of Eurex Clearing. Portfolio switch activity also increased significantly throughout the year, while Eurex contracts continue to show a similar spread…

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January 12, 2021 BY Steffy Bogdanova

Founder of $147 million GemCoin crypto Ponzi scheme sent to prison for 10 years

He claimed that USFIA extracted amber and other gemstones from non-existent mines it “owned” in the United States, the Dominican Republic, Argentina and Mexico. He ultimately managed to obtain $147 million from 72,000 victims spread globally. The Department of Justice described USFIA as a “multi-level marketing program” which compensated investors for recruiting other investors with…

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ASIC, AFS licence
January 12, 2021 BY Steffy Bogdanova

ASIC cancels Halifax Investment Services’ AFS licence

On 8 January 2019 the Australian watchdog suspended the Halifax AFS licence until 10 January 2020. The suspension followed the appointment of Morgan Kelly, Stewart McCallum and Phil Quinlan of Ferrier Hodgson as joint voluntary administrators of Halifax on 23 November 2018. On 20 March 2019 at the second creditors meeting it was decided to…

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Euronext
January 11, 2021 BY Steffy Bogdanova

Euronext's December volumes down 24.2% MoM

The ADV FX reached $19.9 billion with a 7.8% MoM decrease, compared to the $21.6 billion in the previous month. From a Year-on-year perspective, Euronext FX volumes increased 31% from the $332 billion in December 2019. ADV Euronext FX rose 17.7% YoY in December 2020 from $15.5 billion during the same period last year. Euronext…

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Whistleblower
January 11, 2021 BY Steffy Bogdanova

SEC awards whistleblowers more than $1.1 million

The SEC also awarded over $100,000 to a whistleblower whose independent analysis led to a successful enforcement action. Among other things, the whistleblower conducted an analysis using information from publicly available documents to calculate an estimate of an important metric for a company, and then showed that the company's disclosures regarding that metric were implausible.…

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CME Group
January 07, 2021 BY Steffy Bogdanova

CME Group launches six new Japanese energy futures contracts

The four new electricity contracts are: Japanese power (Day-Ahead) Tokyo base-load futures Japanese power (Day-Ahead) Tokyo peak-load futures Japanese power (Day-Ahead) Kansai base-load futures Japanese power (Day-Ahead) Kansai peak-load futures. The contracts are denominated in Japanese yen using the arithmetic average of the 30-minute Spot Market (Day-Ahead) prices published by the Japan Wholesale Power Exchange…

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