The Exchange Council of the Frankfurt Stock Exchange (FSE) appointed Michael Klaus as the new Chairman in a constituent meeting yesterday. His predecessor, Michael Rüdiger, left the council. Klaus is a partner at Metzler Bank and a member of the Executive Board of Metzler Holding. Dr. Matthias Zieschang, who is a member of the Executive…
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It's been quite a busy week for the UK watchdog FCA. The regulator has put out the details of some more unauthorised companies today. The names of the latest additions to the regulator’s warning list are the companies Instant Bond Compare, as well as the clone firms IPO-FX and WVH Ethical. According to the regulator, the fraudsters are…
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The Australian Securities & Investments Commission (ASIC) announced yesterday the suspension of the Australian financial services (AFS) licenses of financial services providers Theta Asset Management, Valuestream Investment Management and Global Merces Funds Management. Theta Asset Management Ltd and Valuestream Investment Management Ltd’s licenses have been suspended until 21 July 2020 because two entities are under…
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The Securities and Exchange Commission (SEC) announced yesterday that two whistleblowers were awarded for providing timely and crucial information in two separate cases of fraud. Both whistleblowers assisted SEC in stopping fraudulent schemes exploiting retail investors. The first whistleblower alerted SEC of fraudulent actions and the agency awarded them with more than $277,000 for his…
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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 the companies Concept Loans, Kodimax, Traders Watch, Omega Crypto, as well as the clone firms Tradition-Finance, Avibonds, and Cashute Ltd. According to the regulator, the fraudsters are using or…
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Commodity Futures Trading Commission (CFTC) issued an order for $1 million against Propex Derivatives Pty Ltd (Propex), Australia-based proprietary trading firm, implicated in a spoofing scheme. The company was involved in unlawful trading activities on the U.S. commodities market through former trader in the period of July 2012 to March 2017. Propex agreed to pay…
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The Cyprus regulator CySEC announced today that it has decided to withdraw the CIF licence of a company named Stocks Forex Ltd. The authorisation number 283/15 is suspended in whole, due to the following reasons: the company's own funds and initial capital were below the minimum allowed, the company did not submit its capital adequacy…
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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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