HKEX and MSCI to launch suite of indexes in Asia and Emerging Markets futures and options contracts LeapRate

May 27, 2020 BY Steffy Bogdanova

HKEX and MSCI to launch suite of indexes in Asia and Emerging Markets futures and options contracts

Charles Li, Chief Executive, HKEX commented: This is very exciting news indeed for Hong Kong and HKEX. As the global markets leader in the Asian timezone, and reflecting our unique role connecting markets and investors across the world, we are very pleased to today be announcing this major agreement with MSCI. Bringing enhanced liquidity to…

May 27, 2020 BY Steffy Bogdanova

New Zealand FMA adds New Economic Evolution of the World to its warning list

The New Zealand regulator found that New Economic Evolution of the World (NEEW) (formerly Skyway Investment Group, Skyway Capital, Skyway Group) website lists bank account number in the name of a third party in Russia. “RTN” Limited Legal address: 664081, Irkutsk, Krasnokazachya st. 133/5 INN/KPP: 3811031100/381101001 OGRN: 1153850012557 Registration date: 24.03.2015 г. Payment account: 40702810448100001478 Correspondent…

May 27, 2020 BY Steffy Bogdanova

South Korea’s fintech sandbox raises $110 million funding

The regulator has reported that 36 fintech services have launched through the sandbox after close monitoring for a year. Another 66 services are finishing their final stages, expected to go live sometime in 2021. The $110 million raised in venture capital through the sandbox was brought by 16 of the 54 fintechs in the programme.…

FinTech company TigerWit receives Hong Kong SFC licence

May 26, 2020 BY Steffy Bogdanova

TigerWit strengthens its global expansion team with three new additions

Hazim Ismail has extensive knowledge in the Middle Eastern financial landscape and 10 years of experience in the financial industry. At his position of regional director of the MENA markets, he will take charge of the expansion and development of the company strategic solutions in the region. Hazim Ismail said: Our unique solutions are a…

May 26, 2020 BY Steffy Bogdanova

Former Spectrum Wealth adviser banned from providing financial services for five years

ASIC found that Lewis advised his clients to use a Limited Recourse Borrowing Arrangement (LRBA) to fund the purchase of real property through a self-managed superannuation fund (SMSF). In addition, Lewis also provided insurance advice to his clients. When giving this financial advice, Lewis did not asses whether SMSF and borrowed funds to invest in…

May 26, 2020 BY Steffy Bogdanova

UBS to start venture capital fund for fintech investment

Mike Dargan, UBS’s Global Head Group Technology said: UBS wants to further engage with and support fintech firms. The new venture investment portfolio is a next step to accelerate our innovation and digitization efforts. UBS’s new venture fund will invest in three main categories including client engagement, financing platforms and boosting underlying operations of the…

May 22, 2020 BY Steffy Bogdanova

Canadian regulator BCSC warns against Ziptradex Limited, Profit Earn and others

The BCSC recently discovered advertisement for work from hope for global funds transfer work from Euroasia Global International Financial Corporation (Europe), also known as 全球信託基金協会. The company offered returns of up to 1,500 times the principal to at least one British Columbia resident. Euroasia Global International Financial Corporation (Europe) does not appear to be registered…

May 22, 2020 BY Steffy Bogdanova

National Bonds, Solar Claim Experts and others added to FCA warning list

National Bonds Address: 19 Oxendon St, West End London SW1Y 4EE Telephone: 0208 089 7399 Website: nationalbonds.org.uk Solar Claim Experts Telephone: 0800 009 6459 Email: [email protected] Website: solarclaimexperts.com British Bond Compare Address: 25 Cabot Square, London, E14 4AP Telephone: 020 3456 9800 Email: [email protected] Website: http://www.britishbondcompare.com/ Darwinenc.com / Darwinexc.com (clone of FCA authorised firm) Website:…

May 21, 2020 BY Steffy Bogdanova

CySEC issues warnings for websites everfx.uk, bitoptionstrade247.com and others

The CySEC has included the following websites to its warning list: www.everfx.uk bitoptionstrade247.com gtm.fxaddress.com tradesopen.com fxgmfx.com royalfxpro.eu invest-absolute.com justproforex.com binancecapitaloptions.com metafinancetrade.com 21stfxoptions.com amelok.com exmsolution.com CySEC urges investors to consult its website, before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Read More:…

May 21, 2020 BY Steffy Bogdanova

SFC fines Convoy Asset Management $6.4 million for regulatory breaches over bond recommendation

The SFC found that Convoy Asset Management failed to conduct proper and adequate due diligence on these bonds before making its recommendations. The company did not have effective system in place to ensure that its recommendations was suitable for and reasonable in all the circumstances and failed to maintain proper documentary records of the investment…

Category: Financial Services