Category: Financial Services

June 06, 2018 BY Valentina Kirilova

Gibraltar Blockchain Exchange announces soft launch

The Gibraltar Blockchain Exchange (GBX) has announced its digital asset exchange soft launch, which will see 300 retail account holders, as well as a select number of institutional participants, introduced to the platform during this exclusive early access period. These participants will have access to the full GBX digital asset exchange, serving as the first…

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June 06, 2018 BY Valentina Kirilova

FCA warns against Primus Forex Financial Group clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Primus Forex Financial Group. 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…

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June 06, 2018 BY Valentina Kirilova

AFS licensee Allied Financial Solutions fails to meet compliance

Australian regulator Australian Securities and Investments Commission (ASIC) has announced earlier today that Australian financial services licensee Allied Financial Solutions Pty Ltd (Allied) will undergo an independent external review of its record keeping, supervision and compliance arrangements following an ASIC surveillance. During a surveillance of an Allied authorised representative, ASIC found that Allied had failed…

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June 05, 2018 BY Valentina Kirilova

OSC charges individual with fraud

The Ontario Securities Commission (OSC) announced today that David Singh of Richmond Hill, Ontario has been charged with fraud and related offences under the Securities Act (Ontario) following an investigation by the OSC’s Joint Serious Offences Team (JSOT). Mr. Singh has been charged with the following offences under the Securities Act: one count of trading…

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June 05, 2018 BY Valentina Kirilova

STS Group AG just listed on the Frankfurt Stock Exchange

STS Group AG (DE000A1TNU68) was just listed on the Frankfurt Stock Exchange today, Deutsche Börse announced earlier. The automotive supplier is now in the Prime Standard segment and achieved an initial listing price of €24.00, following an issue price of €24.00. This takes the number of IPOs in Frankfurt since the beginning of the year…

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June 05, 2018 BY Valentina Kirilova

ASIC permanently bans individual from providing financial services

ASIC has just informed the public that it has permanently banned Desiree Veronica Macpherson from providing financial services. ASIC found that in relation to Ms Macpherson’s involvement with the development and promotion of the Newman Estate Project in the Pilbara region of Western Australia that Ms Macpherson had engaged in misleading and deceptive conduct, that…

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June 05, 2018 BY Valentina Kirilova

MOEX FX Market turnover up 3% YoY in May

Moscow Exchange (MOEX) has just released its market report for the month of May 2018. Total trading volume across Moscow Exchange’s markets was RUB 71.1 trln. The key growth drivers were the Bond Market (+39.9%) and Equity Market (+8.3%). Turnover also grew on the FX Market (+3.1%), Derivatives Market (+3.1%) and Money Market (+2.4%). Equity…

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June 05, 2018 BY Valentina Kirilova

ASIC cancels AFS licenses of BBY Advisory and SmarTrader

Australian regulator ASIC has announced that it has cancelled the Australian financial services (AFS) licenses held by SmarTrader Limited (SmarTrader) and BBY Advisory Services Pty Ltd (BBY Advisory), effective from 18 May 2018 and 22 May 2018 respectively. ASIC has also decided to extend the suspension of the AFS license held by BBY Limited (BBY)…

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