Australian regulator ASIC has just announced that it has permanently banned Bee Chin Lim, also known as Vicky Bee Chin Lim of Yagoona in New South Wales, from providing financial services. Ms Lim was the sole director of JJ Global Network Pty Ltd (JJ Global), which was closely associated with Malaysian-based entity called JJ Global…
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Cyprus financial regulator CySEC, in apparent response to an increase in CIF license applications from FCA regulated firms, has issued a notice that any firm wishing to ensure its application has time to work its way through the system before a possible 'Hard Brexit' in March 2019 needs to have its paperwork completed and submitted…
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Women are participating in the workforce and gaining tertiary qualifications at a greater rate than ever before but many women lack confidence when it comes to money. Research by Australian regulator ASIC has found: 46% of women find money decisions overwhelming and stressful On average, women retire with half the super balance of men ($230,907…
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The Hong Kong Securities and Futures Commission (SFC) has just announced that it has banned Ms Cham Nga Yin from re-entering the industry for life for misappropriation of clients’ money. Cham was a former licensed representative of Tanrich Futures Limited (Tanrich Futures), now known as Southwest Securities (HK) Futures Limited. The SFC found that Cham…
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CySEC licensed online trading platform Libertex has announced that it has added 11 new contracts for difference (CFDs). Now one can trade major exchange-traded funds (ETF) and the dollar index USDX using Libertex's trading platform. The contracts for the following ETFs are available in Libertex: SPDR S&P 500 ETF Trust iShares Latin America 40 ETF…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Options Tech Limited. Options Tech Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Celer Technologies, a provider of Foreign Exchange trading technology solutions to banks, brokers, buy-side, ECNs and trading venues, has announced a newly formed alliance with White label eSystems (WLES) of India. Head quartered in Mumbai White Label eSystems (WLES) is the formation three industry leaders: Bimal Parekh from Sunidhi, Gautam Ashra of Kanji Pitamber and…
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Kowala, a stablecoin protocol that maintains price-pegs to fiat currencies by robotically minting and burning coin supply in accordance to user demand, has announced that their flagship project, the dollar-tied “kUSD”, is the first stablecoin to win public platform support from Ledger — the crypto hardware wallets company. The importance of Ledger’s decision to publicly…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX prime broker Price Markets UK Ltd has hired experienced FX industry executive Ed Anderson as its new Head of Business Operations. The move actually marks something of a homecoming for Mr. Anderson, who was previously with Price Markets (when the company was associated with LCG) from 2013-2014,…
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The companies team up to support the Colombian market Calypso Technology Inc., a provider of cross-asset front-to-back technology solutions for financial markets, has just announced that it has signed a partnership agreement with Colombian consulting and implementation firm Topa & Asociados. The new collaboration provides a comprehensive Global Capital Markets trading solution, localized and adapted…
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