Mohamed Rashad, CEO and founder of EXINITI commented: EXINITI was founded because there was a gap in the market in terms of technology related advancements and support for financial services. EXINITI provides everything a Forex and CFD brokerage requires to get set up correctly from day one. We have also perfected the solutions needed to…
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Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit, stated: Loci and its CEO misled investors regarding critical aspects of Loci’s business. Investors in digital asset securities are entitled to truthful information and fulsome disclosures so they can make informed investment decisions. Although Wise and his company have neither admitted to nor denied the…
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Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower, said: These whistleblowers provided critical information that alerted Commission staff of the violations. Their information and continuing assistance played a key role in the successful resolution of the actions. So far, the agency has awarded over $937 million to a total of 178 individuals…
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On top of the concealment charge, authorities have also accused the three new defendants of being well aware of Manor’s background in criminal activities. The latest SEC press release stated: To conceal Manor’s involvement and his history from investors, they used Manor’s chosen alias ‘Shaun MacDonald’ in ICO related-communications and helped create and distribute materially…
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The SEC stated in its report regarding the second charge: Radjabli allegedly generated $162,800 in illicit profits on the resulting increase in Veritone’s stock price by trading Veritone securities on behalf of Apis Capital and an affiliated fund. The third fraud that Radjabli has now been charged with consisted of yet another fraudulent scheme regarding…
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An ACCC spokesperson stated: The ‘Hope Business’ app is a scam. Victims were encouraged to transfer funds in a Ponzi scheme. They were initially able to withdraw funds which encouraged them to recommend the application to family and friends, but they were subsequently unable to access their money. The same spokesperson then stressed that anyone…
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ASIC also revealed that Fineff provided financial services outside of Sentinel’s license and that he also acted in conflict with the company. Sentinel lodged a breach notification with ASEC on 25 March 2020 in relation to Fineff’s conduct. He was then arrested on 7 May 2021 and charged with 18 counts of dishonesty obtaining financial…
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The ACCC said in the report: It is not surprising that in 2020, 25% of all scam reports involved the loss of personal information, up from 16% in 2019. Loss of personal information was even higher among Indigenous consumers, where 36% of all scam reports involved the loss of personal information. The increasing value of…
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Additionally, options and futures which feature on both the MSCI China Hong Kong Listed Large Cap Index and the MSCI Hong Kong Listed Large Cap Index also provide investors with the opportunity to gain vital exposure to some of the largest firms listed in Hong Kong. The MSCI Hong Kong Listed Large Cap Index works…
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The firm was also found to have employed high-pressure tactics when it came to making sales, recommended trading sales which were found to be inappropriate for its clients, made deceptive representations to clients, failed to comply with several financial services laws, and finally implemented remuneration schemes and a trading floor culture based on maximum trade…
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