Goldman Sacks supports money market funds with $1 billion
March 23, 2020 BY Steffy Bogdanova

Goldman Sachs spends $1 billion to support money market funds

The assistance came as an extraordinary move in the staid money-market fund industry after another week of volatile markets. Goldman’s plans were disclosed to the US Securities and Exchange Commission last Friday. Investors in the US withdrew tens of billions of dollars from prime money-market funds, which buy top-rated corporate debt. Usually, the are tame…

Read more
fca warning
March 20, 2020 BY Steffy Bogdanova

New companies and clone firms added to FCA warning list

CCX Markets/ Online Media Solutions LTD Address: 3 Cavendish Row, Dublin 1 D01A2T5, Ireland and Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown, St. Vincent and Grenadines Telephone: +442038077885 Email: [email protected] and [email protected] Website: https://www.ccxmarkets.com Trafalgar Group (clone of UK registered public company) Telephone: 08708200071; 0845528061; 07469889888; +13232757293; +79670963187; +74996851810 Email: [email protected]; [email protected]

Read more
March 20, 2020 BY Steffy Bogdanova

UK & US firms predict recession in 2020

In the UK, 33% of firms expect the economy to shrink and over 14% expect it to contract by 1-3%. Another 6% believe the UK economy will stay flat with no growth. In the US, 16% of firms expect the economy will shrink in 2020, most likely by 1-3% (7%) and 6% also expect it…

Read more
ASIC suspends AFS license
March 20, 2020 BY Steffy Bogdanova

ASIC suspends Longhou Capital Markets Pty Ltd's AFS licence

Until 13 March, Longhou  has 18 representatives with authorization, providing financial services on the company's behalf. The suspension of Longhou 's AFS licence means that the representatives must immediately cease providing financial services Read More: ASIC releases new regulation for foreign financial services providers ASIC takes steps to ensure stability of Australian equity market ASIC cancels RVM Capital’s…

Read more
regulations
March 20, 2020 BY Steffy Bogdanova

EU financial regulators protect the market by banning short selling

On Wednesday, the Financial Services and Markets Authority (FSMA) of Belgium announced a ban on entering into a short sale. It might constitute or increase a net short position on stocks admitted to trading to Belgian trading venues. The short sale prohibition includes: “any transaction which creates, or relates to, a financial instrument and where…

Read more
bunq Green Card
March 19, 2020 BY Steffy Bogdanova

Mastercard expands partnership with bunq for greener planet

The initiative also contributes to Priceless Planet Coalition. The recently launched Mastercard platform unites corporate sustainability efforts and makes meaningful investments to persevere the environment. The Priceless Planet Coalition is pledging to plant 100 million for a period of over five years together with other partners who share the same commitment to green movements including…

Read more
bscs warning
March 19, 2020 BY Steffy Bogdanova

Canadian regulator BCSC warns against MetaProTrader

The regulator has become aware that MetaProTrader has accepted funds from a British Columbia (BC) resident. However, MetaProTrader is not authorized to trade in, or advise on, securities or exchange contracts in BC. BCSC urges BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC. Read more…

Read more