Former CFO of Traditional Therapy Clinics Limited charged with market manipulation and fraud LeapRate

June 11, 2020 BY Steffy Bogdanova

Former CFO of Traditional Therapy Clinics Limited charged with market manipulation and fraud

These transactions created an artificial price for TTC shares on the ASX during this 12-week period. The Australian also alleges that Wu dishonestly obtained loans from the Commonwealth Bank of Australia (CBA) for personal property purchases. Wu provided falsified documents to support his loan applications and he managed to obtain funds in the amount of…

June 11, 2020 BY Valentina Kirilova

Exclusive: ATFX reports 41% growth in Q1 trading volumes owed in part to Covid-19 volatility

ATFX also increased its offerings by launching new products, including Gold and natural gas futures, as well as 3M (MMM), the U.S. stock CFD. The COO of ATFX Group, Jeffrey Siu, commented on the news: The positive results we registered in Q1 were driven partly by increased volatility in the global financial markets. The state…

June 10, 2020 BY Steffy Bogdanova

Former Sidney financial adviser and Royal Commission witness charged with dishonest conduct

ASIC also claims that Henderson gave Financial Services Guide, containing the false claims to at least two clients. The charges follow an investigation into Henderson and his company by ASIC after evidence of misconduct was presented in the Royal Commission. Deputy Chair Daniel Crennan QC said: ASIC is dedicated to improving standards across the financial…

June 10, 2020 BY Steffy Bogdanova

CMC Markets’ professional Prime Derivatives platform launches in Australia

Andrew Wood added: There has been unprecedented market activity this year across global markets driven by the Coronavirus pandemic, and with that comes opportunities, in particular for intra-day traders. Our new platform opens up a range of popular products and trading features for partners and their clients in times of volatility including short-selling and hedging.…

June 10, 2020 BY Valentina Kirilova

Midweek data preview: record contraction of GDP in the eurozone

Cable, four-hour Having made a fresh three-month high around $1.275 overnight, the pound has now retreated somewhat against many currencies today including the dollar. More news of the UK’s lockdown being eased is awaited, and a general weakening of “risk on” so far today has weighed on the pound somewhat. No real progress was made…

June 08, 2020 BY Steffy Bogdanova

Chinese commercial bank releases $16.9 billion commercial paper on blockchain

Bond issuance can be difficult for small, medium and micro-enterprises as they do not have a connection with open markets. The launch of the “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper” can help small and medium enterprises finding financial support more easily. Major banks in China, including the central bank, lead blockchain innovation in…

June 08, 2020 BY Steffy Bogdanova

Hong Kong regulator fines Potomac Capital Limited $800,000 for Financial Resources Rules violation

The exclusion of the aged fee receivables would have resulted in monthly liquid capital deficits ranging from $335,000 to $449,000 for Potomac from February to May 2017. The SFC found that Potomac had incorrectly included the fees receivables in its liquid capital for more than three years. However, the company has rectified the FRR breach.…

June 05, 2020 BY Steffy Bogdanova

New Zealand FMA adds Crowd1 and Impact Crowd Technology S.L. and others to its warning list

The New Zealand watchdog found that Crowd1 and Impact Crowd Technology S.L. re not registered companies or financial service providers in New Zealand. Other overseas regulators such as SEC Philippines and FSC – Mauritius have cautioned against Crowd1. FMA also cautions that Mana Atua Mana Maori, www.atua-gov.org and Sovereign Global Bank of Aotearoa may be…

June 05, 2020 BY Steffy Bogdanova

OTC issuer Forex Capital Trading’s AFS licence cancelled

The Australian watchdog discovered a number of Forex CT clients suffered significant losses in the size of hundreds of thousands of dollars, including from their superannuation accounts, from investing in these products. Forex CT’s AFS licence will continue to end of July to allow setting a dispute resolution scheme in place and to facilitate the…

June 05, 2020 BY Valentina Kirilova

Exclusive: FX broker ATFX teams up with Autochartist

The provision of risk management tools within the Autochartist trading platform allows traders to immediately see what’s at risk in a predetermined currency value. The platform also offers education for beginners on market volatility and how to maximise profits during volatile markets. Less experienced traders will learn how to set their stop-loss and take-profit orders…

Tag: APAC

Former CFO of Traditional Therapy Clinics Limited charged with market manipulation and fraud

Exclusive: ATFX reports 41% growth in Q1 trading volumes owed in part to Covid-19 volatility

Former Sidney financial adviser and Royal Commission witness charged with dishonest conduct

CMC Markets’ professional Prime Derivatives platform launches in Australia

Midweek data preview: record contraction of GDP in the eurozone

Chinese commercial bank releases $16.9 billion commercial paper on blockchain

Hong Kong regulator fines Potomac Capital Limited $800,000 for Financial Resources Rules violation

New Zealand FMA adds Crowd1 and Impact Crowd Technology S.L. and others to its warning list

OTC issuer Forex Capital Trading’s AFS licence cancelled

Exclusive: FX broker ATFX teams up with Autochartist

AJ Bell’s Assets Under Administration Rise to £90.4bn

Monex Group to Acquire 20% Stake in Westfield Capital Management

LSEG Risk Intelligence and Docusign Partner to Boost Digital Contract Security

WisdomTree Partners with Marex On Structured Products Linked to ETFs

Interactive Brokers Launches Home Savings Account in Canada