Nasdaq Dubai has announced that it has joined forces with the Opera Gallery Dubai for an art showcase collaboration. Nasdaq Dubai recently launched its own artist programme, allowing talents in the region to display their work in Nasdaq Dubai's premises in Dubai International Financial Centre (DIFC). Russian Calligraffiti artist, Pokras Lampas is the first of four…
Read more
The Commodity Futures Trading Commission (CFTC) has just announced that an individual named William H. Powderly IV of New Hope, Pennsylvania, has been fined $1,083,138 by the federal court in Illinois for fraudulently soliciting customers and distributing false account statements. Powderly misled customers, letting them know that he and a university professor developed a commodity futures…
Read more
Busy Friday for the UK FCA. The regulator has earlier today confirmed that all companies acting in or from the United Kingdom are prohibited from selling, marketing or distributing binary options to retail consumers. Later on, the regulator released its final instruments and guidance that will apply in the event of a no-deal Brexit or an…
Read more
The Australian regulator ASIC has released its new research today. The research, named Financial advice: Mind the gap, revealed that many consumers confuse ‘general’ and ‘personal’ advice, which means that they could frequently make poor financial decisions. ASIC Deputy Chair, Karen Chester, commented: This disturbing gap in understanding whether the advice they are getting is…
Read more
Moscow Exchange (MOEX) just announced that, starting from April 1, 2019, it will begin calculating and publishing daily sustainability indices created jointly with the Russian Union of Industrialists and Entrepreneurs (RSPP). The indices will be based on RSPP’s annual analysis of Russia’s largest companies demonstrating a robust ESG (Environmental, Social, Governance) profile. The MOEX-RSPP Responsibility and Transparency…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Wellingtoninv. 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…
Read more
The UK Financial Conduct Authority (FCA) just announced that it has fined the company Goldman Sachs International (GSI) £34,344,700 for failing to provide accurate and timely reporting relating to 220.2 million transaction reports between November 2007 and March 2017. Mark Steward, FCA Executive Director of Enforcement and Market Oversight commented: The failings in this case demonstrate…
Read more
The Cyprus regulator (CySEC) announced that it has reached a settlement with the CIF Hoch Capital Ltd (the Company) for possible violations of The Investment Services and Activities and Regulated Markets Law of 2017 – L.87(I)/2017. The settlement reached with Hoch Capital Ltd, for the possible violations, is for the amount of €200.000, which the…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Quantum Forex Trade. 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
Singapore Exchange (SGX) has just announced that it has acquired a 20% stake, by investing $25 million, in TradingScreen’s BidFX - a specialized trading platform for global FX markets, launched back in 2017. This investment will allow SGX to offer its Asian FX futures alongside BidFX’s OTC products, bringing together both pools of liquidity. BidFX…
Read more