The Australian regulator ASIC announced today that it has cancelled the Australian financial services (AFS) licence of Sydney-based Guarded Pty Ltd for failure to comply with financial services laws, effective from 27 May 2019. Guarded failed to maintain competence to provide the financial services authorised by its licence after its responsible manager, who had been…
Read more
Australian regulator ASIC announced earlier today that IT consultant Steven Oakes has been sentenced to a total effective sentence of 3 years imprisonment. He will, however, be released after serving 18 months of the term of imprisonment, on his own recognisance to be of good behaviour for 18 months. The hacker was pleading guilty to…
Read more
The Commission de Surveillance du Secteur Financier (CSSF) has just warned the public of the activities of an entity named S&P Broker. S&P Broker is operating via the website https://snpbroker.io and claims to be established at 2 rue Edward Steichen, 2540 Luxembourg. According to the regulator, S&P Broker is unknown to it and that the…
Read more
Busy week indeed for the UK regulator... the FCA has put out details of more firms today, including the FXCM Germany clone firm. 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…
Read more
Busy week for the UK regulator - FCA has put out details of more clone firms today. 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 tactics…
Read more
The company is headed to LSE's AIM Market FCA regulated UK-based foreign exchange service provider Argentex (AIM: AGFX) announced its FY2019 revenue today as well as its intention to apply for admission of its entire issued and to be issued ordinary share capital to trading on the AIM market of the London Stock Exchange (“Admission”).…
Read more
The battle has been enjoined. The “cat-and-mouse-game” has come to a close. Global regulators have finally united behind new guidelines produced by the Financial Action Task Force (FATF) to mount a singular assault on the anonymity feature of blockchain technology and end their collective angst over all things crypto. Chainalysis, a respected crypto research firm,…
Read more
Derivatives marketplace CME Group announced last week total open interest (OI) reached a record 150,400,590 contracts on June 11. Since the end of 2018, overall OI has grown 30%. Interest Rate futures and options OI reached a record 109,070,205 contracts. Interest Rate OI increased 41% since the end of 2018. Overall exchange options OI reached a…
Read more
The UK regulator FCA has put out details of three clone firms yesterday. 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 tactics to scam people in…
Read more
Euronext, the pan-European exchange, announced that the battle for Oslo Børs VPS has finally come to an end and that it has just finalized the acquisition. Euronext has completed settlement of shares under its offers launched on 14 January 2019 and 31 May 2019. Euronext now owns 97.8% of the total issued and outstanding share…
Read more