SEC updates list of firms using inaccurate information to solicit investors LeapRate

UN report says North Korea laundered $2 billion theft via Hong Kong firm

August 07, 2018 BY Valentina Kirilova

SEC updates list of firms using inaccurate information to solicit investors

The Securities and Exchange Commission (SEC) has announced that it has updated its list of unregistered firms that use misleading information to primarily solicit non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The updates by the SEC Division of Enforcement’s Office of Market Intelligence, in coordination with the…

August 07, 2018 BY Valentina Kirilova

New Zealand FMA warns against scam company Oak Harbour Limited

The Financial Markets Authority (FMA) has just issued a warning against a scam company called Oak Harbour Limited. Oak Harbour Limited Address: 101 Hennessy Rd, Wan Chai, Hong Kong Website: www.oakharbourlimited.com Phone: +852 5808 7757 Reason for warning: The regulator has received a report from a New Zealand resident about Oak Harbour Limited about withholding…

August 07, 2018 BY Valentina Kirilova

ASIC fines ASX-listed Gold Mountain Limited $33,000

ASX-listed company Gold Mountain Limited (Gold Mountain) has informed the public that it has paid a penalty of $33,000 after Australian regulator ASIC issued an infringement notice for an alleged failure by Gold Mountain to comply with its continuous disclosure obligations. ASIC has also restricted Gold Mountain from eligibility to issue a reduced-content prospectus until…

August 07, 2018 BY Valentina Kirilova

FCA warns against Yes Option / Yes Trading firm

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 Yes Option / Yes Trading. Yes Option / Yes Trading is not authorised by the FCA but has been targeting people in the UK and is…

æternity releases a live version of its blockchain platform

August 07, 2018 BY Valentina Kirilova

Constellation debuts code and network visualization in testnet launch

Constellation Labs, the horizontally-scalable blockchain for consumer-grade applications, has announced the release of their testnet — the first version (V1) of Constellation’s base code. This launch begins a process of building out a small network of nodes, which communicate with each other in order to prevent “bad actors” on the system. The testnet’s primary goal…

August 07, 2018 BY LeapRate Staff

Swissquote acquires Luxembourg based Internaxx for €27.7 million

Leading Swiss online banking and brokerage firm Swissquote Group Holding SA (SWX:SQN) has announced that it has acquired Luxembourg based online bank and investment firm Internaxx Bank S.A. for €27.7 million. The company said that the acquisition of Luxembourg-based Internaxx - which advertises itself as an investment firm for the expat community - gives Swissquote…

August 06, 2018 BY LeapRate Staff

Valutrades names FX industry veteran Gavin Foster to its Board

FCA regulated Retail and Institutional FX and CFD brokerage Valutrades has announced the appointment of industry veteran Gavin Foster as a Non Executive Director of Valutrades Limited, effective immediately. Gavin Foster has been working as a strategic consultant to Valutrades since 2016 and this appointment represents an acknowledgment to the positive impact he has had…

August 06, 2018 BY LeapRate Staff

Exclusive: Marcus Scarlett replaces Nick Beecroft as Chairman of GKFX

LeapRate Exclusive... LeapRate has learned that GKFX has continued to reshape its senior executive and directorship arms, with current board Chairman Nick Beecroft departing the board and the company bringing on board Marcus Scarlett as his replacement as Chairman. Mr. Scarlett's formal taking of a director position and the Chairman's role is still subject to regulatory…

August 06, 2018 BY Mariela Naydenova

Food Quality and Blockchain in China

Food quality and blockchain are teaming up to provide a modern blockchain-based food quality control e-place, designed by the Chinese company, Wangjiahuan, an agricultural startup firm. The company has raised $58 million in a Series A round, which was managed by Global Logistic Properties. Global Logistic Properties is a leading logistics solution company based in…

August 06, 2018 BY Valentina Kirilova

FCA warns against Legal Trade firm

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 Legal Trade. Legal Trade is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…