Furthermore, Manuela Mazzacco, who is a member of the Board of Directors received a €100,000 fine and a 5 year ban from exercising management functions in any CIFs. Andreas Lianos, who is also on the board, got a €50,000 fine and a 3 year ban. The other board members, including Costas Georgiades, Elena Economides Demetriou…
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The announcement further detailed that through the deal, Kraken’s clients will have more options on how they choose to manage their funds when staking with Kraken. Tim Ogilvie, CEO of Staked said: Kraken’s acquisition of Staked represents an exciting new chapter for us. Kraken clearly shares our commitment to supporting proof-of-stake networks, having a security-first…
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In addition, the UK regulator also requires BCMUK to pay redress to clients who have suffered loss as a result of its failings. BlueCrest has challenged the FCA’s decision and has referred the case to the Upper Tribunal, which will determine the appropriate action. The FCA added: The findings in the Decision Notice are provisional…
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These NatWest traders placed “spoofing” orders, planning to cancel them before execution, deceiving other market participants. These orders are meant to artificially push the price up or down, leading to a profit for the traders. US Deputy Attorney General Lisa O. Monaco stated: As we have previously warned, there will be serious consequences for a…
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Milton also failed to disclose important details about the refueling time of its prototype vehicles, the status of its headquarters’ hydrogen station, the expected cost and sources of electricity for its hydrogen production, and the economic risks that may arise from its proposed partnership with a leading auto manufacturer. Gurbir S. Grewal, Director of the…
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Since the beginning of the year, the French watchdog has added 25 websites to its list of unauthorised entities. This renumber represents a significant fall compared to the 78 websites the regulator warned against in 2020. AMF’s black list was created in 2017 and since then 361 unauthorised internet addresses were added with illegal offerings…
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The SEC further detailed that the five defendants shared portions of their profits by funneling them through a Russian information technology company founded by Kliushin and for which Yermakov and Rumiantcev serve as directors. Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, said: With this action, the SEC, using its powerful analytical tools,…
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The letters MOEX in the new logo stand for Moscow Exchange and the stock exchange ticker. The Group’s logo remains in colour red. The official statement said: Moscow Exchange retains the colour red – the colour of confidence, vigour and leadership – as the basis of its brand. Compared with the previous logo, the colour…
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Some of NatWest’s employees who handled these cash deposits shared their suspicions with the bank’s investigative staff but no action was taken. The warning signs included large amounts of Scottish bank notes deposited throughout England, as well as deposits of notes carrying a noticeable musty smell and individuals acting suspiciously when depositing the cash. Moreover,…
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Demi Derem, General Manager of Broadridge’s International Investor Communication Solutions, said: The collaboration with SLIB, together with l’Association Française des Professionnels des Titres (AFTI), the French industry association, has been meticulously designed and implemented by experienced and deeply knowledgeable experts from all relevant stakeholders. Financial Intermediaries in France can now meet their regulatory obligation to…
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