USGFX entered in to voluntary administration on 8 July with Andrew Cummins and Peter Krejci of BRI Ferrier (NSW) Pty Ltd appointed as administrator. Later on ASIC suspended the company’s Australian Financial Services licence until 23 September. The board of the UK division, USG UK announced that USG Group resolved on 15 August and the FCA regulated USG UK…
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What to watch Informa: Business intelligence and events business Informa is down more than 50% year-to-date, as the pandemic has decimated its ability to generate revenue from conferences and other exhibitions. The London-listed firm delivers its latest set of quarterly earnings on Monday. This week, JPMorgan Cazenove downgraded its rating on the stock to neutral,…
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Rolls Royce sinks after clarifying funding speculation London-listed shares fell on Wednesday, with the FTSE 100 down 0.4% and the FTSE 250 off by 0.1%. Brexit news dominated headlines, as the Government accepted a compromise that will allow MPs a vote before powers are used that would break international law. Having recovered back to the…
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Limitation on Leverage You probably know by now the part that leverage plays in online Forex trading. Offered by Forex brokers as borrowed funds, leverage allows traders to access more money, giving them power to trade in larger volumes. Many brokers provide leverage as high as 1:1000 to attract more clients. With such leverage, a…
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G.R.C Trustee Website: https://www.grctrustee.com/ Phone: +1 281 909 4553 Email: [email protected], [email protected] G.R.C Trustee is not associated with GRC Investments Limited. The company is also falsely claiming to be regulated in New Zealand. Alioth Club Websites: https://alioth.club/, https://www.facebook.com/groups/476719049803295/ and https://www.facebook.com/Alioth-Club-Official-106572801144899/ Phone: +447494870772, +447494870903 Email: [email protected], [email protected] Alioth Club is not a registered financial service provider in New Zealand. As such,…
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The court found Pegasus guilty on charges for claiming to be registered and its director Reps for failing to prevent the company from committing the offence. Pegasus and Reps face significant fines of up to $300K for the company and either a $100K for Reps and/or 12 months’ imprisonment. The FMA will comment further on…
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In early September the group sent an email to its clients stating: With fifteen years of experience, outstanding technology and steady management, Union Standard International Group has been supported and trusted by millions of traders across more than 130 countries. The email continued: Until now, we’ve almost completed the restructuring process and reached 97% of…
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Throughout the course of the investigation, Ho co-operated with ASIC, participated in voluntary interviews and provided documents. Ho also formally admitted to the offences and the facts regarding them. In recognition of this co-operation, Ho’s sentence was reduced by half. ASIC Deputy Chair Daniel Crennan QC commented: ASIC will take strong action against market misconduct…
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In recent years TMGM has experienced major growth in the CFD trading space and solidified its commitment to investors. The expansion has also spread to the company’s team with the addition few new global members to service customers in more languages. TMGM’s new CMO, Angelo D’Alessio, is based in Sydney and is focused on implementing…
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Keisuke Arai, director, information services at TSE commented: We are excited to be working with and developing market data solutions with IHS Markit. We think the combination of our exchange short data with IHS Markit’s stock loan provides a unique view of Japan’s equity market for investors and encourages their investment. Paul Wilson, managing director…
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