The scheme According to the CFTC, Yang and her companies ran the trading scheme between April 2017 and March 2020. The defendants solicited investors and raised funds for the purported purpose of forex trading. The regulator alleges that the defendants made several false representations to the existing and potential pool participants of the scheme. They…
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SFC stated in the official announcement: The investigation also revealed that Poon failed to take reasonable steps to establish three clients’ financial situations and investment experience during account opening between May 2019 and February 2020. The SFC considers that Poon has also failed to act with due skill, care and diligence, and in the best…
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SGX sees growth in securities turnover Securities market turnover value rose 21%MoM in March, reaching S$35.7 billion. This also lifted the turnover for the last three months, from January-to-March by 26% compared to previous quarter to S$91 billion. The bellwether Straits Times Index (STI) rose 5.1% in last month to 3,408.52. It was Asia-Pacific’s strongest…
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Asia Pacific ADV registered a record 1.9 million contracts in Q1 2022, up 22% due to growth in Energy, Equity Index and Interest Rate products in the region. Latin America ADV reached 162,000 contracts in with 28% increase from Q1 2021. On a global scale, CME Group saw ADV of 26 million contracts in Q1…
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CySEC also pointed out that, in its decision, it took into consideration that the Capital.com did submit the information, even if it was late. Furthermore, the company has had no similar violations in the past. Capital.com issued a response on the case: We have today received notification of a fine from the Cyprus Securities and…
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Court added: ASIC’s case is not focused on Mr Hopkins’ conduct but rather on alleged multiple failures by Macquarie to take proper steps to monitor, detect and prevent unauthorised transactions’. According to the Australian watchdog, the transactions were conducted between May 20016 and January 2020. During this time, Macquarie failed to take measures to prevent…
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The regulator said: ASIC is satisfied that Mr Babbage lacks the honesty and integrity to participate in the financial services and credit industries. Babbage was an authorised representative of Wealthsure Pty Ltd from February 2013 to March 2014 and of Capstone Financial Planning Pty Ltd from March 2014 to 14 October 2021. He was also…
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Equities on Deutsche Börse generated €208.7 billion in March 2022 and trading in ETFs/ETCs/ETNs accounted for €39 billion of the turnover. Bonds accounted for €0.5 billion, in certificates €198 billion and in funds €0.3 billion. Allianz SE was the DAX stock with the highest turnover on Xetra last month with €8.5 billion. Lufthansa AG led…
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The new joint-venture with ANZ Bank will also Worldline to significantly expand its merchant acquiring business outside of Europe. It will provide the company direct access to an existing merchants’ portfolio. The company stated in the official announcement: The combination of ANZ’s strong market position and Worldline’s global scale, best-in-class technologies and payment expertise will…
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Konstantin Stiskin, supervisory board member and co-founder at FINOM added: Over 5000 business clients of FINOM are already using Klarna solutions to improve their lives. Professionals and SMEs are the backbone of the European economy, but they are largely underserved when it comes to banking and financial services. At FINOM we work everyday to address…
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