Monex is committed to its goal of offering the wealth management services that protect the value of customers’ assets and of becoming a customer-centric asset/wealth manager. Monex is already offering consulting services to its customers through independent financial advisors. The in-person services allow the company to offer its products through in-person marketing and to cate…
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According to the FMA, the breaches occurred between September 2015 and July 2020. Jarden, formerly NZ Capital Securities, acquired OMF in 2019. The company self-reported to regulator in September 2020. During the period of the violations, the FMA found that OMF transferred its own money into the trust account meant to hold derivative investor money…
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Liam Mason, FMA General Counsel, said: Advertising can significantly influence people’s investment decision making, so it’s critical that firms’ marketing materials don’t mislead or confuse consumers. The FMA noted in its announcement that the format of some ads is limited like banners on social media platforms and webpages. The regulator expects firms to ensure ‘click…
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Liu will also lead Barclays’ growth initiatives in China across all product lines in Global Markets, Investment Banking and Corporate Banking. Her work will see her partner with the bank’s regional heads of the CIB, and with Grace Kuo, Barclays’ Shanghai Branch Manager. Jaideep Khanna, Head of Barclays, Asia Pacific, said: China presents a big…
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The official statement said: Binance constantly evaluates its product and service offerings. We will be restricting Singapore users in respect of the Regulated Payments Services in-line with our commitment to compliance. Users in Singapore are advised to cease all related trades, withdraw fiat assets and redeem tokens by Wednesday, 2021-10-26 04:00 AM UTC (12:00 PM…
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Julian Wheatland, Chief Executive Officer of Cornerstone, said: Dubai is a major destination for foreign investment in real estate, particularly with funds from Asia, and its appeal has been enhanced during the pandemic. Dubai also serves as a gateway to the Middle East, Africa and South Asia, making it an increasingly important centre for global…
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The cancellation of Pure Strategy's licence will take effect in 12 months. During this period, the company will maintain its membership of the Australian Financial Complaints Authority and its obligation to hold professional indemnity insurance cover. Pure Strategy’s AFS licence was initially obtained in 2011. An external administrator has been appointed to the company this…
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The recent blow to crypto follows China’s concerns over cryptocurrency trading’s connection to fraud, money laundering and excessive energy consumption. China is one of the largest crypto markets in the world. This is the latest crackdown of China on crypto currency trading but it is not the first. In May, the country promised to focus…
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ASIC Deputy Chair Karen Chester commented: These changes put in place fairness protections, so consumers are not sold products they don’t want or don’t need. The restrictions mean consumer needs will be central to how firms offer products. Chester continued: The new hawking prohibition addresses long held concerns about poor consumer outcomes from unsolicited sales…
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Zhong added: I am pleased to join Interactive Brokers and work alongside such an accomplished team. As the financial landscape in Asia continues to evolve, I look forward to identifying and developing new business opportunities to ultimately benefit the company’s clients. Before Interactive Brokers, Zhong worked at NYSE Euronext where she was responsible for setting…
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