Authorised push payment (APP) fraud is where a fraudster tricks an individual consumer or micro business to instruct their payment services provider (PSP), such as their bank, to send money from their account to an account controlled by that fraudster. UK Finance data on APP fraud show there were 43,875 cases of APP fraud and…
Read moreThe Spanish Stock Exchange (BME) has just announced that the Board of Directors of MAB has approved the listing of Unica Real-estate Socimi, following a thorough review of all the information presented by the company and after the favourable assessment report on its listing issued by MAB’s Coordination and Admission Committee. The company, the eighth…
Read moreThe Disciplinary Committee of Nasdaq Stockholm has found that Wifog Holding AB has breached Nasdaq First North’s regulations (the Rulebook) and, accordingly, ordered Wifog to pay a fine amounting to four annual fees, corresponding to an amount of SEK 293,394 (33,100 US dollars). The Disciplinary Committee has concluded that Wifog has acted in breach of…
Read moreAbu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Hong Kong Monetary Authority have announced that they have signed a co-operation agreement today to jointly promote and enable financial services innovation, and accelerate cross-border FinTech business opportunities in Hong Kong and the United Arab Emirates (UAE). With this agreement, ADGM…
Read moreThe Financial Markets Authority (FMA) has just issued a warning to a company called Mace, Parry and Associates. Mace, Parry and Associates Address: Level 4, 56 Victoria Street, Wellington Phone: +64 4 889 5453 Website: www.maceparry.com Email: [email protected] Mace, Parry and Associates is not a registered New Zealand Company and is not registered to provide…
Read moreIn the bizarre but continuing legal case of Aviv Talmor, former owner of the UTrade Retail FX and algo trading brand, Mr. Talmor has been sent (back) to jail for a second 14 day term after producing a "grocery list" in court which showed that he was not working to repay bankruptcy debts, as was agreed. Under…
Read moreThe Securities and Exchange Commission (SEC) announced that Wells Fargo Advisors LLC agreed to settle charges of misconduct in the sale of financial products known as market-linked investments, or MLIs, to retail investors. According to the order, the SEC found that Wells Fargo generated large fees by improperly encouraging retail customers to actively trade the…
Read moreMoscow Exchange (MOEX) has informed the public that it has launched US 500 Index Futures. The underlying asset for US 500 Index Futures is the Solactive US Large Cap Index, a benchmark mirroring the performance of the 500 largest US companies. Renaissance Broker and Region Investments will quote buy and sell orders of 100 contracts…
Read moreAustralian regulator ASIC informed the public that it has acted to address concerns about the operations of Aurora Funds Management Limited (Aurora), the responsible entity of several ASX-listed managed investment schemes including the Aurora Property Buy-Write Income Trust (AUP). ASIC has imposed conditions on Aurora’s financial services license. This follows ASIC undertaking enquiries into the…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Timothy M. Cain of the U.S. District Court for the District of South Carolina entered a Consent Order against Defendant Jody Dupont of Anderson, South Carolina, and an Order of Default Judgment against his company, Open Range Trading LLC, also of Anderson. Neither DuPont nor Open Range…
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