Category: Financial Services

etf
September 06, 2019 BY Valentina Kirilova

Will VanEck Bitcoin Trust be a crypto game changer? Opinions are mixed

Financial news media channels were abuzz a few days back when VanEck Securities and SolidX Management surprised the world by announcing the immediate offering of a “Bitcoin-like ETF”, but only available to institutional investors that qualified as being “Sophisticated” and “Accredited” under SEC guidelines. It seems that Rule 144A of the 1933 Securities Act provided…

Read more
fma scam alert
September 05, 2019 BY Valentina Kirilova

New Zealand FMA adds Coinbrokerz to its warning list

The Financial Markets Authority (FMA) has recently added another name to its list of unregulated firms. The latest addition is the company Coinbrokerz. According to the regulator, Coinbrokerz has the hallmarks of a scam, including withholding clients' funds, requesting clients to transfer additional funds before being able to withdraw investments and bank accounts that do…

Read more
acquisition
September 05, 2019 BY Valentina Kirilova

Broadridge acquires Financial Database Services

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech firm and part of the S&P 500® Index, announced yesterday that it has completed the acquisition of Financial Database Services. Financial Database Services provides compensation management, compliance and advisor onboarding solutions for the wealth management industry. The acquisition of Financial Database Services is the latest example of…

Read more
moex volumes report
September 04, 2019 BY Valentina Kirilova

MOEX FX Market volume down 6% MoM in August

Moscow Exchange (MOEX) just released its trading volumes report for the month of August 2019. Total trading volume across MOEX markets was RUB 68.9 trln last month (RUB 79.5 trln for the same period last year; RUB 72.1 trln in July 2019). The number of trading days in August 2019 was 22 (23 trading days…

Read more
CySEC
September 04, 2019 BY Valentina Kirilova

CySEC withdraws AIFLNP authorisation of Horizon Investment Fund Ltd.

The Cyprus regulator CySEC has made a new announcement today regarding the withdrawal of Horizon Investment Fund Ltd's AIFLNP authorisation. Horizon Investment Fund Ltd's authorization is with number LPAIF07/2014. According to the regulator, the Company is dissolved and put into liquidation in accordance with the provisions of article 132 of the Law. The official announcement…

Read more
fca warning
September 04, 2019 BY Valentina Kirilova

FCA warns against two unauthorized companies

UK financial regulator Financial Conduct Authority (FCA) has issued two more warnings this week, this time against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies: Sterling Lloyd Limited (ex EFEX Capital) Address: 11 Lucas Avenue, London, United Kingdom, E13 0QP & 40 Bank Street, 30th Floor Canary…

Read more
asic afs license
September 04, 2019 BY Valentina Kirilova

ASIC cancels Platinum Perpetual Global Private Wealth's AFS licence

Australian regulator ASIC announced earlier today that it has cancelled the Australian financial services (AFS) licence of the company Platinum Perpetual Global Private Wealth Pty Ltd, based in Perth (AFSL 508415). The AFS licence was cancelled at the request of the company, following a separate action brought by Western Australian Police Force (WAPF), which has…

Read more
fca clone firm
September 03, 2019 BY Valentina Kirilova

FCA warns against Sector Capital Funds Plc clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Sector Capital Funds Plc. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…

Read more