Once a nation with very scant regulatory coverage of FX, New Zealand has begun consultation on new practices aimed at ensuring firms act in customers' best interests when dealing in retail FX and derivative products
Read moreIn its quest for a position on the world stage of the FX industry and the advent of a bona fide FX licensing system, Russia is considering restricting leverage to 1:100 for FX firms
Read moreThe issuing of New Zealand's first equity crowd funding licenses could spark growth for many small to medium sized businesses. Equity crowd funding allows business to access capital by selling shares to individuals thru a regulated platform, avoiding more traditional bank lending. PledgeMe and Snowball Effect are the first providers to receive licenses from the…
Read moreA New Zealand investor survey conducted on behalf of the Financial Markets Authority and NZX shows there is good support for companies making initial public offerings (IPOs) this coincides with plans to launch of NZX’s new growth market aimed at small and medium-sized enterprises Many retail FX firms and supporting industry participants like SafeCharge have…
Read moreVice-president of Russian bank brokerage Alfa Forex reveals the keys to success in the retail business Only a day after we covered the record rise of Russian retail forex volumes, LeapRate has spotted a detailed interview with the vice-president of one of the fastest growing retail brokerages in Russia run by a commercial bank. We…
Read moreTotal number of traders rises by one-third, retail banks businesses expand swiftly Russian newspaper Vedomosti has put out an article providing data from a report on the retail forex industry by the Center for Economic Analysis of Russian non-governmental news agency Interfax. According to the article in 2013 there was a total of 400 000…
Read moreTurns out losses of about $115 mln NZD cost about 10 years and 10 months in prison time The New Zealand financial regulator NFA reports that David Ross has been sentenced to 10 years and 10 months in prison for executing the biggest ever fraud in New Zealand. He has lost about $115 mln NZD…
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