The Australian Securities and Investments Commission (ASIC) announces that it has banned Dylan Christopher Rands from providing financial services for five years after finding he engaged in market manipulation. Mr Rands was a former dealer and portfolio manager at Regal Funds Management Pty Ltd, which operates managed investment schemes, known as funds. As part of…
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The United States Securities and Exchange Commission (SEC) has secured an entry of default against Karina Chairez, a high-level promoter of the AirBit Club investment scheme. The clerk’s certificate of default was issued on April 5, 2021. The SEC has applied for such a certificate after the defendant had failed to timely respond to the…
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The Department of the Treasury’s Office of Foreign Assets Control’s (OFAC) today designated virtual currency exchange SUEX OTC, S.R.O. for its part in facilitating financial transactions for ransomware actors. According to the US Treasury, SUEX has facilitated transactions involving illicit proceeds from at least eight ransomware variants. Analysis of known SUEX transactions shows that over…
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The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. Global equities ended August near record highs, with the Delta variant failing to infect investor sentiment. But can investors continue to shrug off the undercurrents being caused by the chip shortage? The New Oil Semiconductors form the backbone…
INX Limited (INX), the owner of a regulated cryptocurrency exchange and a digital security trading platform, has partnered with GMO-Z.com Trust Company, Inc. (GMO Trust), to list the world’s first regulated Japanese yen stablecoin, GYEN, for retail and institutional investors through its subsidiary, INX Digital, Inc. (“INXD). INXD will also be listing GMO Trust’s USD-backed…
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Leading CFD Online Trading Platform TMGM is pleased to announce a multi-year Ambassador Partnership with legendary Italian goalkeeper Gianluigi Buffon. The multi-year partnership means that Buffon will have a digital presence on TMGM.COM. TMGM clients will get access to exclusive perks – from Meet & Greet experiences to exclusive Webinars with Buffon, where he will…
Leading Forex industry B2B tech and solutions provider Finalto has announced that it is taking the complexity out of Non-Deliverable Forwards, with a revolutionary NDF offer that does away with the product’s associated issues, providing a streamlined forex solution that can slot smoothly into any existing infrastructure. For too long, clients have struggled with the…
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The United States Securities and Exchange Commission (SEC) will need additional time to prepare a distribution plan for the $10.38 million in penalties paid by Poloniex. The Division of Enforcement has stated that additional time is needed to complete the fund administrator solicitation and appointment process, develop the distribution methodology, and draft the proposed plan…
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Online trading company Robinhood Financial LLC has responded to a complaint about allegedly spam text messages that formed part of a referral program. Robinhood intends to file a motion to dismiss, as per documents filed by the company in the California Northern District Court earlier this week. The problematic message. Name of sender removed for…
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Electronic trading major IG has recently made changes to the IG Smart Portfolios. The broker explains that investment returns across the five IG Smart Portfolios have been healthy so far this year as global stock markets have reacted favourably to the welcome progress made on vaccinating large proportions of the population across key developed markets….
