The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in September, CySEC added five companies to its warning list.
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The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in September, CySEC added five companies to its warning list.
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According to the official announcement, Urra, Gonzalez and Sheth placed small orders which they did planned to execute on the opposite side of the order book around the same time. The FCA stated: The FCA considers that the individuals repeated this pattern of deliberate and intentional market manipulation on a number of occasions and were…
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Swissquote Group is already authorized to operate in Switzerland, the UK, Dubai, Hong Kong, Malta, Singapore and Luxemburg. Now to its list of licenses, the company has added Cyprus Investment Firm (CIF) license which will allow the broker to offer trading services across the European Economic Area (EEA). Meanwhile, launched its own crypto exchange SQX…
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Sarah Pritchard, Executive Director of Markets at the FCA said: We have set out the standards we expect CFD firms to demonstrate in order to protect consumers and ensure market integrity. CFD providers authorised in our regime must sell products appropriately, and when the new consumer duty comes into effect, will need to ensure that…
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Furthermore, futures brokers would be required to insist on collecting outstanding margin calls from clients who failed to meet two margin calls by the settlement deadline in the preceding 30 calendar days. Where applicable, futures brokers will also be required to follow their in-house policies towards forced liquidation and they would also need to set…
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The financial services platforms offer high-risk investment instruments such as CFDs for forex, stocks and other asset classes and cryptocurrencies. One of the entities on the lists claims to be fully EU regulated broker but has not specified details on its license. Consob has the authority to block websites offering illegal financial services at an…
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Furthermore, the Australian regulator has decided to revise the definitions of 'Active' and 'Complex' products and specifying that all labels should appear at the end of the product trading name and secondary label should appear immediately before the primary label. ETP products should now be named “XYZ Active ETF” (or XYZ Complex ETF). ASIC Commissioner…
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The regulator reminded the public that it never sends unsolicited correspondence, and it does not request payments, or individual personal data. CySEC further clarified that it has “no authority or jurisdiction to collect fees for any purpose from individual investors, nor does it have authority to appoint anyone to do so on its behalf.” According…
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Sarah Pritchard, executive director of markets at the FCA, said: Some product design features could be contributing to problematic, even gambling-like, investor behaviour. We expect all firms that offer stock trading to consumers to review and, where appropriate, make improvements to their products based on these findings. They should also ensure they are providing support…
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