Italian Regulator CONSOB Blocks 4 Financial Services Sites LeapRate

November 29, 2024 BY Sam Boughedda

Italian Regulator CONSOB Blocks 4 Financial Services Sites

The action, aimed at protecting investors from fraudulent activities, is part of CONSOB’s ongoing campaign against abusive financial intermediaries. The regulator often orders the black-out of unauthorised sites The targeted websites are: GOMARKETSLTD.net (including gomarketsltd.net and client.gomarketsltd.net) Fidus Invest (including idus-invest.com, panel.fidus-invest.com, and trade.webtrader-fx.com) First State Investments (Ireland) Limited (including fsinvest.cm, client.fsinvest.cm, and webtrader.fsinvest.cm) Financial…

November 29, 2024 BY Sam Boughedda

RPD Group Advice's Licence Cancelled By ASIC

The cancellation comes after the Australian Financial Complaints Authority (AFCA) issued a determination against RPD Group on 12 July 2024, which the company failed to honour. ASIC explained that on 13 November 2024, the CSLR compensated the affected consumer with $62,421.00 and notified ASIC, prompting the cancellation of RPD Group's licence on 21 November 2024.…

November 29, 2024 BY Sam Boughedda

ActivTrades Secures New Regulatory License in Mauritius

Brokerage ActivTrades said Thursday that it has obtained a new regulatory licence from the Financial Services Commission (FSC) in Mauritius, bolstering its capacity to serve international clients. The latest move is said to align with the firm’s ongoing expansion strategy and further enhance its position in key global markets. The Mauritius licence is the fifth…

November 28, 2024 BY Leaprate Staff

ACY Securities Welcomes Phil Kim as Director of Institutional Sales, Asia, at ACY Connect

In his new position, Phil will be responsible for achieving ACY Connect's sales growth objectives by cultivating new institutional client relationships throughout the region. His focus will include researching, identifying, and creating sales opportunities in the global market. Phil will report directly to the CEO and collaborate closely with all facets of ACY Connect to…

November 28, 2024 BY Sam Boughedda

Bjørn Sibbern To Take Over as SIX CEO

The financial markets infrastructure firm confirmed that Sibbern, who presently serves as Global Head of Exchanges at SIX, will succeed Jos Dijsselhof, who is stepping down after seven years at the helm to pursue a new opportunity in the Middle East. Sibbern joined SIX in early 2024. He already has a distinguished career spanning over…

November 28, 2024 BY Sam Boughedda

Tastytrade Fined By FINRA

The Chicago-based brokerage, a FINRA member since 2016, was also censured as part of the settlement. Between July 2021 and July 2023, FINRA said Tastytrade failed to establish and maintain a supervisory system in compliance. They added that the firm’s written supervisory procedures (WSPs) were said to have been inadequate, lacking clear processes for reviewing…

November 28, 2024 BY Sam Boughedda

UBS Picks Clearstream for Fund Distribution Support

It was explained in the Clearstream press release that through Clearstream’s Fund Centre platform, UBS aims to streamline processes, reduce costs linked to trailer fee collection, and optimise contract management. The move reflects the European fund distribution platform's growing reputation in the market, as its Fund Centre platform continues to expand Assets under Distribution (AuD)…

November 28, 2024 BY Leaprate Staff

Deriv's Innovative Tactical Indices Offer a New Dimension to Online Trading

Redefining Trading Through Innovation Tactical Indices are designed to automatically execute pre-defined rules based on technical indicators. This allows traders to potentially capitalise on momentum, trend reversals, and other market dynamics without the need to constantly rebalance positions and incur the associated costs. Deriv’s initial Tactical Indices release features four distinct strategies based on the…

November 27, 2024 BY Sam Boughedda

Moomoo Financial Hit With $750,000 Fine by FINRA

The violations, which spanned several years, are said to have highlighted lapses in advertising practices, supervision, and privacy compliance. According to FINRA’s findings, retail trading platform Moomoo Financial paid social media influencers to promote its services but failed to ensure these promotions were "fair and balanced." FINRA said some influencer posts made misleading claims about…

November 27, 2024 BY Sam Boughedda

Standard Chartered Explores Sale of Some Wealth & Retail Banking Businesses in Africa.

The move is designed to free up capital for increased investment in its affluent franchise, a key growth driver for the bank. The bank announced it is exploring the potential sale of its WRB businesses in Botswana, Uganda, and Zambia. The strategic decision aligns with its broader goal of accelerating income growth and returns, as outlined…