It has been one week since the opening of the Bakkt futures exchange, which many analysts and investors have claimed was a colossal failure and that it lead to the downfall of all things crypto in its subdued wake. As for the folks that prefer not to overreact at inconsequential news, these wiser voices have…
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New Zealand Financial Markets Authority (FMA) has recently added two more names to its list of unregulated firms. The latest additions are the companies 55CMT and Circleforex and Yuanhui. According to the regulator, 55CMT could be involved in a scam and www.circleforex.com as this website claims to be associated with FSP476086 in New Zealand which…
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Australian watchdog ASIC announced earlier today on its official website that it has banned Kyle Marshall from providing financial services for 3 years. According to the regulator, Marshall had not complied with financial services laws and lacked fundamental knowledge and competency relevant to providing financial services. Marshall was an authorised representative of Sentinel Private Wealth…
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The UK Financial Conduct Authority (FCA) has put out details of several more clone firms this week. The names of the latest additions to the regulator’s warning list are Capital Trade Fair, Perterra Funds PLC, Nautilus Indemnity, Midpoint Exchange, Magna Umbrella Fund PLC, and Best Bonds & Savings. Fraudsters are using or giving out the…
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Active week for CySEC... the regulator has just made another announcement on its official website, this time regarding the website binomo.com. According to the Cyprus watchdog, the above-mentioned website does not belong to any authorized entity in the area. The regulator has once again urged investors to first consult its official website, before conducting any…
Read moreThe SEC announced on September 23rd that it is bringing new charges in New York-based multimillion dollar boiler room schemes. The allegations state that Benjamin Conde arranged the manipulation of millions of shares of the company Renewable Energy and Power Inc., an action which resulted in generating $3.1 million in illegal proceeds. According to the SEC,…
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The Cyprus regulator CySEC has announced yesterday that it has decided to withdraw the CIF licence of a company named MPS Marketplace Securities Ltd. The licence is suspended in whole as there are suspicions of an alleged violation of section 10 of the Law and the section 93(1) of the Regulation. According to the regulator,…
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The Hong Kong Securities and Futures Commission (SFC) announced today that it has banned Ye Feng from re-entering the industry for life following his conviction for bribery. Ye Feng, a former vice president of the Bank of Communications Co., Ltd. (BOCOM), is responsible for handling securities transactions for BOCOM’s clients at the material time, guilty…
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Euronext has announced that it has successfully launched the Euronext FX in Singapore. The venue was launched months ahead of schedule with the first spot foreign exchange trades occurring on September 9, 2019 between two global banks. LeapRate reminds that the pan-European exchange in the Eurozone announced the rebranding of FastMatch, its Electronic Communication Network…
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The UK Financial Conduct Authority (FCA) has put out details of several unauthorised companies as well as some clone firms. The names of the latest additions to the regulator's warning list are Perfect Lends, First BTC FX, Stretchy Finance UK Ltd, We Claim 4U Limited, Williams Carter & Associates LLC, Delmer Consulting Group. Fraudsters are…
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