Tag: APAC

Eventus Systems
May 13, 2021 BY Steffy Bogdanova

Eventus Systems signs first Australian client - Morrison Securities

According to the official announcement, Morrison Securities will go live on Validus in July for trade surveillance of its activity on the ASX, Chi-X Australia (CXA) and the National Stock Exchange of Australia (NSX). The company will deploy the cloud-based version of platform, hosted in real-time. William Slack, Managing Director, Morrison Securities, added: We see…

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ASIC warns against entities
May 11, 2021 BY Steffy Bogdanova

ASIC warns against limestonefx.com

Investors with the above-mentioned website have alerted ASIC that are unable to withdraw their investments form it. ASIC has discovered that the operators of limestonefx.com do not hold AFS licence or authorisation to provide financial services in Australia. The website falsely claims to be affiliated with an AFS licensee. The regulator has also found out…

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Monetary Authority of Singapore
May 07, 2021 BY Steffy Bogdanova

MAS issues 10-year ban on FX fraudster

The Singapore watchdog found that Ahmadnawar solicited investments from 32 individuals from 2015 to 2017. He drew up contracts to manage the money from his investors and foreign exchange on their behalf. MAS noted that he carried out these fund management operations without holding a capital markets services licence. During the same period, Ahmadnawar also…

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eToro becomes a major partner of Rugby Australia
May 06, 2021 BY Steffy Bogdanova

eToro signs a three-year sponsorship deal with Rugby Australia

With more than 20 million registered users globally, eToro allows people to choose what to invest in and how to invest to trade themselves, copy another investor or invest in a portfolio. Rugby Australia Chief Executive Officer, Andy Marinos, said: We're incredibly excited to extend our relationship with eToro following the hugely successful eToro Tri-Nations…

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ASIC
May 05, 2021 BY Steffy Bogdanova

Westpac faces civil proceedings from ASIC

It has been suggested that upon market opening, at 8:30 am that day, Westpac traders obtained and then disposed of interest rate derivatives in an attempt to pre-position the company leading up to the confirmation of the swap transaction. Westpac allegedly held the above transaction knowledge when all of this took place, and that this…

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Hong Kong regulator SFC
April 23, 2021 BY Steffy Bogdanova

SFC cancels IDS Forex HK Limited’s license and bans former co-CEOs

Kim’s arrest and conviction in Korea fundamentally damages his reputation and reliability. This put serious doubt over IDS Forex’s fitness and properness to be licensed. The SFC expressed concerns about the company due to the correlation and timing of the fraudulent scheme Kim was involved in and his capital injections into the company. Furthermore, the…

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Australia
April 21, 2021 BY Steffy Bogdanova

FXOpen’s Australian arm adds US equity CFDs trading

Gary Thomson, Chief Operating Officer at FXOpen UK commented: We’ve seen an increased uptake in equity trading in recent months within our UK brokerage and are delighted to widen the reach of equity markets to the wider FXOpen group. The official announcement said: Clients of FXOpen can access leverage of 1:5 on US Stock CFDs,…

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