The UK regulator FCA announced earlier today that it has imposed a financial penalty in the sum of £91,000 to the company Hall and Hanley Limited (HHL). HHL is a claims management company (CMC) whose registered address was formerly 1st Floor, Building 4, Universal Square, Devonshire Street North, Manchester M12 6JH. With effect from 1…
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Exchange holding company Cboe Global Markets, Inc. (Cboe: CBOE) has released several recommendations in its latest report “Cboe’s Vision: Equity Market Structure Reform”. The company suggests a few updates to the U.S. equity market structure that it believes would further strengthen markets and enhance the overall trading environment for long-term investors without harming the markets.…
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Canadian regulator BCSC has recently issued several warnings against the companies MegaCoinFX and the website Tradewell.io. According to the watch dog, MegaCoinFX offers an online trading platform and appears to be based outside of Canada. The firm operates via its website http://www.megacoinfx.com. However, the company is not registered to trade in, or advise on, securities…
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The UK Financial Conduct Authority (FCA) just added to its warning list the clone firm Tenaron Capital Management UK. Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Tenaron Capital Management UK (clone of FCA authorised firm) Telephone: +44 20 3475 0324 Email: [email protected]…
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Visa has just announced on Monday, January 20, that is has agreed to acquire Plaid. Inc, a fintech privately held startup for $5.3 billion, as reported by local news outlets. Through the acquisition, Visa will have greater access to the ever-expanding fintech space, a fact that has increased competition and the M&A activity in the…
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SFOX (San Francisco Open Exchange) announced last week that it will launch separately managed account solutions for fund managers to create their own cryptocurrency portfolios. These new services will be made available to traders, service providers and cryptocurrency hedge fund managers. In addition, any traditional asset managers who are interested in investing in cryptocurrency assets…
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The Stock Exchange of Thailand (SET) has announced that it will be enhancing process and expanding business in line with a three-year strategic framework (2020-2022), which prioritizes raising work efficiency and creating partnership platform to drive inclusive growth. SET President Pakorn Peetathawatchai said that the exchange will embrace growth for the capital market, society and…
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The UK watchdog FCA has issued some more warnings against unauthorised companies this week. The names of the latest additions to the regulator’s warning list are A.B. Capitals and the clone firm Rabo Olsen Global. According to the regulator, the fraudsters are using or giving out the following details as part of their tactics to scam people…
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London-based fintech company TreasurySpring has announced that it has added John Bentley to its team as Head of Sales. Bentley will lead a five-person sales team and will be responsible for the firm’s expansion strategy, direct sales, as well as driving additional growth through third party distribution partnerships. Prior to TreasurySpring, Bentley worked for HSBC…
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Euronext has announced earlier this week that it has completed the acquisition of 66% of the share capital and voting rights of the Nord Pool group, after receiving regulatory approvals. Nord Pool is the second largest power market in Europe - LeapRate reminds that in 2018, the company generated c.€40 million revenue and 524 TWh…
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