Category: Financial Services

cysec license suspended
November 21, 2018 BY Valentina Kirilova

CySEC suspends PCM Advisers LTD CIF license

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors that it has suspended PCM Advisers LTD’s CIF license. The complete text of the regulator’s decision can be seen below: CYSEC Decision Announcement date: 20.11.2018 CySEC Decision date: 20.11.2018 Regarding: PCM Advisers LTD Legislation: The Investment Services and Activities and Regulated Markets Law Subject:…

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WFE launches new website & members’ portal
November 20, 2018 BY Valentina Kirilova

WFE launches new website & members’ portal

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has announced that it has launched a new website and members’ portal as part of its ongoing transformation programme, using digital communications as a key element of its engagement with industry stakeholders and its membership base. The new website, designed and…

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fca warning clone firm
November 20, 2018 BY Valentina Kirilova

FCA warns against World Techno Trade clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm World Techno Trade. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

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SFC fines
November 20, 2018 BY Valentina Kirilova

UBS Securities Australia Limited fined $120,000

Australian regulator ASIC has announced earlier today that UBS Securities Australia Limited (UBS) has paid a penalty totalling $120,000 to comply with an infringement notice given by the Markets Disciplinary Panel (the MDP). The MDP had reasonable grounds to believe that UBS contravened Rule 3.3.1(b) of the ASIC Market Integrity Rules (ASX Market) 2010. The…

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fca warning
November 19, 2018 BY Valentina Kirilova

FCA warns against Crypto Exchange Pro firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Crypto Exchange Pro. Crypto Exchange Pro is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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November 19, 2018 BY Valentina Kirilova

Japan and France sign Cooperation Frameworks regarding FinTech Innovation

Japan’s Financial Services Agency (FSA) has just announced that it has signed two cooperation frameworks, respectively with the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) of France to promote innovation in their respective markets. This will lead to increased exchanges regarding innovative trends, regulatory issues and any…

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set
November 19, 2018 BY Valentina Kirilova

Nodal Exchange and IncubEx announce the launch of North American Environmental contracts

Nodal Exchange and IncubEx have announced the successful launch of their first tranche of North American Environmental contracts. The new contracts, which mark the expansion of Nodal Exchange’s products into the environmental markets sector, include futures and options on: California Carbon Allowances, Regional Greenhouse Gas Initiative Allowances (RGGI), New Jersey Solar Renewable Energy Certificates, PJM…

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Nasdaq Copenhagen Improves Small Cap Market Access For Non-Nordic Trading Members
November 19, 2018 BY Valentina Kirilova

Nasdaq Copenhagen improves small cap market access for non-nordic trading members

Nasdaq (Nasdaq:NDAQ) has announced that Nasdaq Copenhagen is introducing a central counterparty participant for equity trading in its small cap market segment. The introduction removes bilateral counterparty risk, reduces transaction costs for trading members and aligns the post trade setup for equity trading on all main market segments at Nasdaq Copenhagen. Improving market conditions for…

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asic ban
November 19, 2018 BY Valentina Kirilova

ASIC bans former director of AGM Markets for 8 years

Australian regulator ASIC has announced that it has banned Yossef Ashkenazi, also known as Yossi Ashkenazi, of Caulfield South, Victoria, from providing financial services for a period of eight years. On 5 November 2018, ASIC cancelled the Australian Financial Services (AFS) license of the retail OTC derivative issuer, AGM Markets Pty Ltd (AGM). ASIC found…

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