Additionally, between October 2020 and May 2022, at least 43 p[ool participants transferred around $470,780 to Yas Castellum LLC to participate in its supposed commodity pool after misrepresented historical trading records or how their funds were going to handled and traded. Furthermore, Brisco and Yas Castellum LLC, assisted by Sims, transferred the funds to entities…
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Higher operating expenses also attributed to the yearly results with 12% increase from 2021 at HK$5 billion due to higher staff costs and professional fees. EBITA fell 19% in 2022 to HK$13.2 billion and EBITA margin was 6% lower at 72% for last year. Basic earnings per share dropped 20% last year, reaching HK$7.96. Nicolas…
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The allegations against Sipina are related to Courtenay House's illegal activities, which took place between June 2015 and April 2017. The regulator called Courtenay House's operation, a Ponzi scheme. The court alleges that the group convinced at least 585 investors to invest more than $180 million based on false representations that their money would be…
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Chairman of GST, Tone Goh, stated: We continue to make significant progress with our GS Money ambitions and the submission of the application for our stablecoins to be admitted to the FCA Regulatory Sandbox is a key step. We believe the UK market needs a trusted UK-based provider to offer regulated electronic money and payment…
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The FCA is focused on ensuring that consumers affected by the suspension of the Woodford Equity Income Fund (WEIF) obtain redress," the FCA said in its statement. Link Fund Solutions managed the LF Woodford Equity Income Fund until its collapse in June 2019. The UK regulator said that to assist in a potential resolution, it…
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The company already holds licenses in countries such as Japan, the United States, Europe, Australia, Hong Kong, and India. Payments processed via Payoneer are made through a compliant, tightly audited, and secure payments platform supervised by financial regulators worldwide, the company states. The company said the new FCA authorisation demonstrates its commitment to the UK…
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The CFTC says the defendants' representations were false because Vista never traded customer assets and did not even have a trading program capable of generating the promised returns. CFTC Acting Director of Enforcement Gretchen Lowe commented: This action demonstrates our ongoing commitment to use the tools at our disposal to hold bad actors accountable in…
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Post-trade revenue increased 13.7% last year to €364.5 million. In 2022, Custody and Settlement revenue came in at €243.1 million and Clearing revenue stood at €121.4 million. The company’s EBITA for 2022 was €861.6million, registering a 11.7% increase with margin increase slightly below last year’s to 58.7%. Euronext saw net income of €437.8 million during…
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The average daily volume in FX for last month came in at $19.6 billion. Compared to December’s $17.9 billion, this was also a 9.5% MoM increase. Total Cash Market numbers in January stood at $215.5 million, up by 10% MoM compared to previous month. On yearly basis, the exchange saw a 26% decrease. Derivatives markets…
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The total trading volume on the Equity and Bond market also witnessed drops reaching RUB 1.6 trillion. The numbers were almost 62% lower than December 2022 when it was RUB 4.2 trillion. On yearly basis, this was a 68% drop. Trading volume in RDRs, shares, and investment fund units stood at RUB 787.8 billion, with…
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