The Cyprus regulator said that such cases occur often and may be part of a sophisticated online scheme to defraud investors. Typically, such scams may have the following characteristics: Individuals claim to be CySEC officers, appointed representatives of CySEC, other Cypriot supervisory authorities or bank representatives appointed by CySEC. These scammers contact investors that are…
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The CFTC complaint alleges that Mikkelsen engaged in fraudulent scheme to obtain at least $1.5 million from over 100 individuals and entities by getting them to invest with a supposed company called GNTFX to trade retail leveraged or margined forex. The scheme has been running at least since 2015. The complains claims that Mikkelsen misappropriated…
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WFE published a paper reviewing the academic literature on short-selling and short-selling bans, comparing the arguments against banning short-selling with the arguments in favour. “What does academic research say about short-selling bans?” almost unanimously indicates that short-selling bans are disruptive for the orderly functioning of markets. They are found to reduce liquidity, increase price inefficiency…
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New Zealand watchdog received a report that Pioneer Income representatives have made unsolicited calls to a New Zealand resident to sign up to their online trading system via their website. Pioneer Income is not registered as a financial service provider in New Zealand and is therefore not permitted to provide financial services/products to New Zealand residents.…
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AMF wanted to avoid any pro-cyclical influence that the considerable uncertainties and decline in the market may have caused and implemented the unprecedented measure of prohibiting net short positions. Since the ban, markets have partly reduced their losses, trading volumes and volatility levels, although still high, have resumed to more normal positions. The French market’s…
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Responsible entities holding an AFS licence are obligated to have the minimum level of net tangible assets of $150,000. Ausfunds failed to maintain this level of financial resources over two consecutive financial reporting periods, despite reminders from its auditor about the financial requirements of its AFS licence. ASIC has the power to suspend or cancel…
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Yury Denisov, CEO of Moscow Exchange, said: It was a challenging quarter for the Exchange, as we had to ensure operational continuity amid considerably higher volatility and trading volumes, while transitioning most of our staff to work remotely as a result of the COVID-19 pandemic. To comply with quarantine requirements and out of concern for…
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Marketrip Telephone: 02038079032 Email: [email protected] Website: www.marketrip.com Invest Compare Address: Riverbank House, 1 Putney Bridge approach, Fulham, London, SW6 3BQ Website: http://investcompare.co.uk/ 1stClassFx & @investwithjulia_ Telephone: 07909875988 Email: [email protected] Website: https://1stclassfx.com Instagram: @investwithjulia_ Investorable Website: www.investorable.co.uk Oasis Trade Address: PO Box: Friedrich-Ebert-Anlage 36, Frankfurt, Hessen, 60325, Germany Telephone: +(352)-278-71595; +(61)-488-856837; +(65) -313-84080; +(41)-435-081955; +(852)-305-0033 Email:…
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Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said: Euronext delivered a strong performance in the first quarter of 2020 with growth across all business lines, translating into significant increase in EBITDA and adjusted EPS. This performance reflects strong trading volumes in all asset classes and continued benefits from our…
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The new plan will disrupt the current model of supervision, where member state monitors the implementation of EU rules individually. During the first quarter of next year, the EC will propose setting up an EU-level supervisor fix the weaknesses in a loopholes in the current model. The EC calls for the European Banking Authority (EBA)…
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