Category: Financial Services

ESMA on CFDs trading restrictions by Germany, Malta and Poland: Justified and proportionate measures
July 31, 2019 BY Valentina Kirilova

ESMA on CFDs trading restrictions by Germany, Malta and Poland

The European Securities and Markets Authority (ESMA) has released its opinion on product intervention measures taken by the National Competent Authorities (NCAs) of the countries of Germany, Poland, Hungary, and Malta. LeapRate reminds that Germany’s BaFin has recently informed that it  maintains restrictions on retail trading with financial CFDs. BaFin first announced its decision back in…

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Brokeree Solutions launches Exposure Manager risk management tool for MT5 brokers
July 30, 2019 BY Valentina Kirilova

Exclusive: Brokeree Solutions releases a new risk management solution

LeapRate Exclusive...  Brokeree Solutions, a a fintech company that provides brokers with high-grade forex technology solutions, recently announced the launch of a new risk management solution – MT4/MT5 Exposure Manager. The unique multi-platform solution allows forex brokers to perform orders from MT4 and MT5 servers at liquidity providers or on other MetaTrader servers. The new…

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Principal of binary options trading firm fined $200,000 for illegal off-exchange trading
July 30, 2019 BY Valentina Kirilova

Principal of binary options trading firm fined $200,000 for illegal off-exchange trading

The U.S. Commodity Futures Trading Commission (CFTC) has informed the public yesterday that it has required Curtis Dalton of Middleton, Massachusetts to pay $200,000 for offering illegal off-exchange retail commodity transactions to U.S. and overseas customers while failing to be registered by the CFTC as required. Dalton offered transactions, which consisted of binary options in…

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fca warning
July 29, 2019 BY Valentina Kirilova

UK FCA starts the week with more unauthorized firms warnings

The UK Financial Conduct Authority (FCA) has started the week by putting out details of several unauthorized firms. These companies are using the details of FCA authorised firms, trying to convince people that they work for a genuine, authorised firm. The following details have been given as part of scam tactics: Fidelity International (clone of…

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Deutsche Börse
July 26, 2019 BY Valentina Kirilova

Deutsche Börse's net revenue up 6% YoY in Q2/2019

Deutsche Börse AG has released its results for the second quarter of 2019 earlier this week. The company generated net revenue in the amount of €724.8 million, up 6% YoY. As part of this, Deutsche Börse achieved structural net revenue growth of approximately 5%, in line with its expectations. Furthermore, higher net interest income from…

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Facebook pays $100m for misleading investors
July 24, 2019 BY Valentina Kirilova

Facebook charged with misleading investors, pays $100 million

The Securities and Exchange Commission (SEC) has announced that it has charged social media giant Facebook Inc. (NASDAQ:FB) for making misleading disclosures regarding the risk of misuse of Facebook user data. According to the Commission report, in 2014 and 2015, the now-defunct advertising and data analytics company, Cambridge Analytica, paid an academic researcher, through a…

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Germany's BaFin maintains restrictions on retail trading with financial CFDs
July 24, 2019 BY Valentina Kirilova

Germany's BaFin maintains restrictions on retail trading with financial CFDs

Germany's supervisor Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin has informed that the restrictions on the marketing, distribution and sale of financial contracts for difference (CFDs) to retail clients in Germany will continue to apply in future. BaFin first announced its decision back in May 2017, addressing the considerable investor protection concerns. Plus500 Ltd (LON:PLUS), IG Group…

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fma warning
July 23, 2019 BY Valentina Kirilova

FMA issues a Stop Order against Syndicated Trusts Limited

The New Zealand Financial Markets Authority (FMA) has informed the public that it has issued a Stop Order against Syndicated Trusts Limited (STL), ordering the company to stop advertising or accepting money for financial products. A Stop Order can be used by the regulator in order to stop particular behaviour or force a market participant…

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fca warning
July 22, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorized firms

The UK Financial Conduct Authority (FCA) has put out details of several unauthorized firms this week - James and Jenkins Consulting Group, UK Financial Management Ltd, as well as the clone firm G10 Capital Limited. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for…

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