The Dubai Gold & Commodities Exchange (DGCX) and Ayedh Dejem Group, a conglomerate from the Kingdom of Saudi Arabia, announced that have agreed to develop and launch the Middle East’s first-ever Sharia compliant Spot Gold contract to be traded on an international exchange. The partnership enables both entities to increase their presence in the Saudi…
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The Financial Services and Markets Authority (FSMA) issued another warning today against the activities of Bellmore Group, a company that offers investment services. Bellmore Group is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium. Moreover, according to the information available to the FSMA,…
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Belgium’s financial regulator the Financial Services and Markets Authority (FSMA) just issued a warning against several companies engaging in unauthorized activities on the Belgian market. The companies are the following: Bellmore Group, operating at www.bellmoregroup.com Devin Consultants, operating at www.devinconsultants.com Excon Fuji Securities, operating at www.efsecurities.com Olivier and Mann, operating at www.olivierandmann.com Orix Capital Trading,…
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The Bahamas International Securities Exchange (BISX) just announced that the Oil & Gas Opportunity Lending Fund Ltd. (the Fund) has successfully completed the BISX Mutual Fund Listing Process. As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange. The Oil & Gas Opportunity Lending Fund Ltd.…
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Slemmer Enterprises, Dorrian Enterprises and Roth Investment Group all part of the Berkley Enterprise that defrauded customers The Commodity Futures Trading Commission (CFTC) announced that Judge William P. Dimitrouleas of the U.S. District Court for the Southern District of Florida entered a Consent Order against Defendants Jeffrey Slemmer of Acton, Massachusetts, Christian Dorrian of Boynton…
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ASIC has permanently banned Daniel Joseph Noonan, a former financial adviser based in Hobart, from the credit and financial services industries. Mr Noonan was banned after pleading guilty and being convicted of 97 counts of fraud and 10 counts of stealing in the Supreme Court of Tasmania on 23 June 2017, following an investigation by…
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Nasdaq (Nasdaq: NDAQ) today announced that Nasdaq First North has been granted UK Growth Market status, the first marketplace outside of the UK to achieve this status. The new status means that UK-based investors will receive tax exemptions on investments in UK-based companies listed on Nasdaq First North, and is yet another step towards making…
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After successfully conducting the mock trading on 5th August 2017, from its DR site, the Metropolitan Stock Exchange of India Limited (MSE) conducted live trading in all segments of the exchange on 10th & 11th August 2017, from its New Delhi DR site. MSE has state-ofart IT infrastructure that ensures continuous availability of trading mechanism…
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UK financial regulator Financial Conduct Authority (FCA) announced that will soon be launching a campaign to inform people about the 29 August 2019 deadline to complain about payment protection insurance (PPI). This campaign will complement the regulatory and supervisory work we have done – and will continue to do – around PPI. The consumer campaign…
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The Securities and Exchange Commission (SEC) announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. Data analysis allowed the SEC’s enforcement staff to uncover the illicit trading despite the traders’ alleged use of shell companies, code words, and an encrypted,…
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