Investors with the above-mentioned website have alerted ASIC that are unable to withdraw their investments form it. ASIC has discovered that the operators of limestonefx.com do not hold AFS licence or authorisation to provide financial services in Australia. The website falsely claims to be affiliated with an AFS licensee. The regulator has also found out…
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BlackBull Markets offers technology and customer support in the financial service industry. The company’s partnership with Tom Alexander in his pursuit of another championship is a reflection of the synergy between his and the firm’s respective philosophies. The announcement stated: To be the best, you have to partner with the best. We wish Tom the…
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The Singapore watchdog found that Ahmadnawar solicited investments from 32 individuals from 2015 to 2017. He drew up contracts to manage the money from his investors and foreign exchange on their behalf. MAS noted that he carried out these fund management operations without holding a capital markets services licence. During the same period, Ahmadnawar also…
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With more than 20 million registered users globally, eToro allows people to choose what to invest in and how to invest to trade themselves, copy another investor or invest in a portfolio. Rugby Australia Chief Executive Officer, Andy Marinos, said: We're incredibly excited to extend our relationship with eToro following the hugely successful eToro Tri-Nations…
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It has been suggested that upon market opening, at 8:30 am that day, Westpac traders obtained and then disposed of interest rate derivatives in an attempt to pre-position the company leading up to the confirmation of the swap transaction. Westpac allegedly held the above transaction knowledge when all of this took place, and that this…
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Columnist Colin Wu (@wublockchain on Twitter) stated that: This caused some panic in China. However, the Chinese government said it was only conducting an investigation. Data centers are difficult to use for Bitcoin mining, and are mainly used for ETH Filecoin. The emergency notice is now said to have been issued as routine from the…
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Kim’s arrest and conviction in Korea fundamentally damages his reputation and reliability. This put serious doubt over IDS Forex’s fitness and properness to be licensed. The SFC expressed concerns about the company due to the correlation and timing of the fraudulent scheme Kim was involved in and his capital injections into the company. Furthermore, the…
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Gary Thomson, Chief Operating Officer at FXOpen UK commented: We’ve seen an increased uptake in equity trading in recent months within our UK brokerage and are delighted to widen the reach of equity markets to the wider FXOpen group. The official announcement said: Clients of FXOpen can access leverage of 1:5 on US Stock CFDs,…
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Mawhinney was found to have engaged in conduct that entailed ‘inherently problematic, risky and fatally flawed’ investment schemes in relation to the IPO Capital, Core Notes, M+ Notes and IPO Wealth Fund products. The court also noted that Mawhinney ‘has expressed no contrition or remorse for the very significant loss of investors’ funds’. Mayfair Wealth…
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The exchange noted that INR/USD Futures have reached 4.3 million with 27% quarter-over-quarter increase and SGX USD/CNH Futures gained 9% to 2.7 million. SGX stated: SGX set monthly volume records for its USD/SGD, INR/USD and USD/INR (USD) futures in March, reflecting strong demand among global institutional investors to risk-manage Asian currencies. The exchange is Asia’s…
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