CySEC also pointed out that, in its decision, it took into consideration that the Capital.com did submit the information, even if it was late. Furthermore, the company has had no similar violations in the past. Capital.com issued a response on the case: We have today received notification of a fine from the Cyprus Securities and…
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Court added: ASIC’s case is not focused on Mr Hopkins’ conduct but rather on alleged multiple failures by Macquarie to take proper steps to monitor, detect and prevent unauthorised transactions’. According to the Australian watchdog, the transactions were conducted between May 20016 and January 2020. During this time, Macquarie failed to take measures to prevent…
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The regulator said: ASIC is satisfied that Mr Babbage lacks the honesty and integrity to participate in the financial services and credit industries. Babbage was an authorised representative of Wealthsure Pty Ltd from February 2013 to March 2014 and of Capstone Financial Planning Pty Ltd from March 2014 to 14 October 2021. He was also…
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Equities on Deutsche Börse generated €208.7 billion in March 2022 and trading in ETFs/ETCs/ETNs accounted for €39 billion of the turnover. Bonds accounted for €0.5 billion, in certificates €198 billion and in funds €0.3 billion. Allianz SE was the DAX stock with the highest turnover on Xetra last month with €8.5 billion. Lufthansa AG led…
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The new joint-venture with ANZ Bank will also Worldline to significantly expand its merchant acquiring business outside of Europe. It will provide the company direct access to an existing merchants’ portfolio. The company stated in the official announcement: The combination of ANZ’s strong market position and Worldline’s global scale, best-in-class technologies and payment expertise will…
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Konstantin Stiskin, supervisory board member and co-founder at FINOM added: Over 5000 business clients of FINOM are already using Klarna solutions to improve their lives. Professionals and SMEs are the backbone of the European economy, but they are largely underserved when it comes to banking and financial services. At FINOM we work everyday to address…
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The CFTC found that the fraudulent actions of the defendants began in September 2020. They fraudulently solicited $7.2 million from 322 clients, promising to use the funds to trade forex and cryptocurrency in individual managed accounts. According to the regulator, Tinoco and his company, Kikit & Mess Investments did not trade their clients’ money as…
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Playtech’s CEO, Mor Weizer commented: Our full year results demonstrate the quality of Playtech's technology and the momentum across the Group. Our strong performance is underpinned by our B2B business, in particular the tremendous growth we have seen in the Americas. We have made real progress in the execution of our US strategy, supported by…
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According to the court files, Phelps and Castenir formed Maverick, which operated commodity trading pool. In 2013 the company solicited over $1.2 million in funds from investors. The defendants used false materials claiming that Phelps had an extensive history of investing successfully in commodity trading markets. The defendants also falsely assured investors that there would…
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Jason Wilk, Chief Executive Officer of Dave, said: This is an exciting milestone for our Company, our shareholders and all Dave members. We believe blockchain technology has the potential to level the financial playing field across the globe. By aligning with a world-class leader such as FTX US, we are in position to enter the…
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