Elon Musk commented: Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the…
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The raised funds will allow F10 to grow its current hubs in Europe and Asia and expand into new geographies. F10 corporate partners will have early access to startups selected across all global programs. They will also be able to benefit from the growing global network of partners, startups, and investors, as well as increased…
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The administrators Stephen Graham Longley and Craig David Crosbie, informed ASIC that most of Dixon Advisory’s clients have transitioned to alternate financial services providers. The AFS licence suspension allows the company to continue its operation until 9 May 2022 so that its existing clients can move to alternative providers. Earlier in April, ASIC took action…
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The scheme According to the CFTC, Yang and her companies ran the trading scheme between April 2017 and March 2020. The defendants solicited investors and raised funds for the purported purpose of forex trading. The regulator alleges that the defendants made several false representations to the existing and potential pool participants of the scheme. They…
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SFC stated in the official announcement: The investigation also revealed that Poon failed to take reasonable steps to establish three clients’ financial situations and investment experience during account opening between May 2019 and February 2020. The SFC considers that Poon has also failed to act with due skill, care and diligence, and in the best…
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SGX sees growth in securities turnover Securities market turnover value rose 21%MoM in March, reaching S$35.7 billion. This also lifted the turnover for the last three months, from January-to-March by 26% compared to previous quarter to S$91 billion. The bellwether Straits Times Index (STI) rose 5.1% in last month to 3,408.52. It was Asia-Pacific’s strongest…
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Asia Pacific ADV registered a record 1.9 million contracts in Q1 2022, up 22% due to growth in Energy, Equity Index and Interest Rate products in the region. Latin America ADV reached 162,000 contracts in with 28% increase from Q1 2021. On a global scale, CME Group saw ADV of 26 million contracts in Q1…
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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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