Blackstone 500, Bronze FX and others added to FCA warning list LeapRate

July 24, 2020 BY Steffy Bogdanova

Blackstone 500, Bronze FX and others added to FCA warning list

Blackstone 500 / Blackstone500 Telephone: +442036770120 Email: [email protected] Website: blackstone500.com Bronze FX Address: Suite 305 Griffith corporate centre, PO Box 1510 Beachmont, Kingstown, St. Vincent and the Grenadines Telephone: 02036950353 , +442080895514 , +447446660002 , 0744666000 Email: [email protected] , [email protected] , [email protected] , [email protected] , [email protected] , [email protected] , [email protected] Website: https://bronze-fx.com/ Teng Sun Global…

July 23, 2020 BY Steffy Bogdanova

Organised crime investigation into $17 million fraud leads to charges against 12 people

AFP Commander Investigations, Eastern Command, Kirsty Schofield commented: Transnational and serious organised crime groups are evolving. No longer do they target any specific crime type or commodity, they adapt to their environments by recruiting professional enablers to provide experience in the financial, legal or any other field they feel can earn them money. This investigation…

July 21, 2020 BY Steffy Bogdanova

Southwest Group to pay $75K for conducting forex exchange transactions without registration

CFTC found that Southwest Group offered customers forex transactions through a “Premium + Layaway Program” financing option. The “program” was financed by Southwest Group while acting as the counterparty to these retail forex transactions. It took 30 or 45 days for the retail customers to receive their forex instead of the usual two. The US…

SEC acts against 11 firms neglecting electronic communications

July 21, 2020 BY Steffy Bogdanova

UBS to pay $10 million in settling charges for “flipping” municipal bond offering

SEC has previously brought similar charges of municipal bond offering “flipping” and retail order period abuses in August 2018, December 2018, September 2019 and in April 2020. UBS did not admit nor deny the findings but agreed to a cease-and-desist order. The order also imposes a $1.75 million penalty, $6.74 million in disgorgement of ill-gotten…

July 20, 2020 BY Steffy Bogdanova

Invest Connect, Credit Suisse AG and others added to FCA warning list

Invest Connect Address: 25 Old Broad Street, London, EC2N1HN Telephone: 0203 301 0482 Email: [email protected] , [email protected] Website: https://invest-connect.co.uk/ Renewable Bonds Address: 5a Irving St, Leicester Square, Charing Cross, London WC2H 7AT Telephone: 020 874 9956 Email: [email protected] Website: https://renewable-bonds.net/compare/?gclid=EAIaIQobChMIpsubpfjs5wIVlp3VCh1fyAYBEAAYASAAEgJDmfD_BwE UK Bond St Address: 95 Queen Victoria St, London, EC4V 4HN, UK Website: www.ukbondst.com Danbrook…

July 20, 2020 BY Steffy Bogdanova

Toronto Stock Exchange adds cloud-based software provider Dye & Durham

McKenzie continues: TMX remains committed to enabling the long-term success of these visionary growth companies and to providing investors with opportunities to participate in their success. Dye & Durham has reached 350 employees in its Canada and UK offices and serves blue chip customers including Canadian legal firms, financial institutions and government organizations.

Online marketplace Trustify Inc. and its founder charged in $18.5 million fraud

July 20, 2020 BY Steffy Bogdanova

SEC charges co-founder of IIG with fraud for involvement in a $60 million Ponzi scheme

Sanjay Wadhwa, Senior Associate Director of the SEC's New York Regional Office said: As alleged, Hu's deception caused substantial losses to a retail mutual fund, and other funds IIG advised. The SEC remains committed to holding accountable individual wrongdoers who seek to take advantage of investors for personal gain, including when they employ elaborate means…

July 17, 2020 BY Steffy Bogdanova

LMAX Group reports 33% growth in FX trading volume for H1 2020 with $2.3 trillion

LMAX’s cryptocurrency exchange LMAX Digital also had strong performance for H1 2020 with trading volumes up 106%. The exchange now works with over 200 global institutions trading crypto currencies in the US, Europe and Asia. David Mercer, CEO of LMAX Group, said: We have seen growth in new large institutional clients around the world trading…

July 17, 2020 BY Steffy Bogdanova

Eurex reports equity derivatives market calming down but single stock levels still uncertain in Q2 2020

Equity options: volumes by country in million Country Q2 2019 Q2 2020 Change Germany 17.85 16.59 -7% Switzerland 12.33 10.88 -12% France 6.27 7.42 18% Netherlands 3.93 3.21 -18% Finland 1.42 1.44 2% Spain 1.16 0.92 -20% Italy 0.99 0.78 -20% Belgium 0.21 0.17 -22% Austria 0.06 0.09 51% Ireland 0.02 0.06 253% Others 0.2…

July 16, 2020 BY Steffy Bogdanova

German financial reporting system faces ESMA assessment after Wirecard collapse

The review found that some procedures in place in both FREP and BaFin could use some improvement, as well as the selection and examination of issuers. The review also identified independence and conflict of interests in FREP and cooperation issues between the two authorities. ESMA invited BaFin and the European Commission to investigate whether the…

Category: Financial Services