Category: Financial Services

FCA warning
January 20, 2021 BY Steffy Bogdanova

BetterFixedSavings, Mizuho International and others added to FCA's warning list

BetterFixedSavings Address: Regus Offices, 68 King William Street London EC4N 7DZ Email: [email protected] Website: betterfixedsavings.com Mizuho International (clone of FCA authorised firm) Telephone: 02037452797 Email: [email protected] Personal Financial Solutions / personalfinancialsolution.co.uk (clone of appointed representative firm) Telephone: 02038856334, 01945339921 Email: [email protected] Website: www.personalfinancialsolution.co.uk Yungshiu International Financial Holdings (UK) Co Ltd (clone of FCA authorised firm) Address: 18th Floor, 60 Wyndham Street, Central, Hong Kong…

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BME launches AI-based Roboadviser Service
January 20, 2021 BY Steffy Bogdanova

BME launches AI-based Roboadviser Service

The service allows the system to understand each investor’s knowledge, financial situation and goals, as well as to take into account their preferences, risk aversion and recurrence, thus allowing the generation of optimal customized portfolios. This new service will be available next month from Diaphanum, which, through its subsidiary IronIA, took part in the proof…

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January 15, 2021 BY Steffy Bogdanova

ThinkMarkets sues former employee for taking sensitive information

The lawsuit said: ThinkMarkets is highly concerned that, among other things, Sorenson has disclosed or will disclose it to his new employer in order to, among other benefits, secure his new employment and otherwise harm ThinkMarkets. Soreson worked at the IT Department of ThinkMarkets almost 5 years until 2 October 2020. The lawsuit says that…

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Whistleblower
January 15, 2021 BY Steffy Bogdanova

SEC awards almost $600K to a whistleblower

So far, the agency has awarded over $738 million to total of 134 individuals since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible for…

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FCA warning
January 14, 2021 BY Steffy Bogdanova

Finansa, Quantum Code and others added to FCA's warning list

Finansa Address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadine Telephone: +442-080-976-000; +442-080-970-364; +442-080-970-365; 02036953556; 02036953558; 01513080053; 01513080054; 03309084059; 03703339091; 07537150345; 03454019139; 07537151388 Email: [email protected]; [email protected]; [email protected]; [email protected]; [email protected] Website: https://finansa.io/ Quantum Code (Clone of FCA authorised firm) Website: http://qcdaff.qcode.buzz RFX Capital (clone of an FCA authorised firm) Address: 125 Old Broad Street, London Telephone: +44 203 6953487…

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Eurex
January 13, 2021 BY Steffy Bogdanova

Eurex saw 29% growth in the OTC Clearing space in 2020

The company attributed the volumes to a large extent to the Partnership Program which offers participants the chance to share in the economics of OTC IRD clearing and have a say in the governance of Eurex Clearing. Portfolio switch activity also increased significantly throughout the year, while Eurex contracts continue to show a similar spread…

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January 12, 2021 BY Steffy Bogdanova

Founder of $147 million GemCoin crypto Ponzi scheme sent to prison for 10 years

He claimed that USFIA extracted amber and other gemstones from non-existent mines it “owned” in the United States, the Dominican Republic, Argentina and Mexico. He ultimately managed to obtain $147 million from 72,000 victims spread globally. The Department of Justice described USFIA as a “multi-level marketing program” which compensated investors for recruiting other investors with…

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ASIC, AFS licence
January 12, 2021 BY Steffy Bogdanova

ASIC cancels Halifax Investment Services’ AFS licence

On 8 January 2019 the Australian watchdog suspended the Halifax AFS licence until 10 January 2020. The suspension followed the appointment of Morgan Kelly, Stewart McCallum and Phil Quinlan of Ferrier Hodgson as joint voluntary administrators of Halifax on 23 November 2018. On 20 March 2019 at the second creditors meeting it was decided to…

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