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New Zealand’s Financial Markets Authority (FMA) has formally censured Jarden Securities Limited for contraventions by OM Financial Limited (OMF) as a licensed derivatives issuer (DI). OMF co-mingled derivative investor money with its own money, a breach of its DI obligations. OMF amalgamated with Jarden in March 2021, so the amalgamated entity inherited the property, rights…

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The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. We’re finally in taper territory. All market activity across assets and around the world seems to be in response to the US Fed’s tapering plans. The Fed has been purchasing $80 billion in treasuries and $40 billion in…

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Exchange technology pioneer Exberry has announced that it is providing its “Marketplace as a Service” technology at the heart of ProMEX, the digital marketplace for physical commodities.  The new technology partnership will enable ProMEX to create new products and markets at speed, and securely offer trading in a wide variety of commodities in new ways….

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Taskize, a provider of inter-company workflow to the financial services industry, today announced the appointment of Philip Slavin as Chief Executive Officer, effective 1 November. Mr Slavin succeeds John O’Hara who co-founded the firm with Mr Slavin in 2012. Mr O’Hara will remain on the Board as a Strategic Advisor. Philip Slavin

Shiba Inu is now available on eToro. Designed as a cryptoasset to support a fan-favorite breed, SHIB is one of the first cryptos to actually give back to charity. Unlike $BTC’s limited supply, SHIB has a circulating supply of one quadrillion, and it is represented on eToro as “Shiba (in millions)”, which is a “lot”…

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Standard Chartered and Atome Financial have announced a 10-year multi-product strategic partnership, combining their strengths in finance and technology to deliver a wide range of financial services to consumers and merchants across key markets in Asia. Atome Financial is a business unit under Advance Intelligence Group, which recently closed a USD 400M+ Series D financing…

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The Financial Markets Authority (FMA) of New Zealand today issued new guidance on how firms should be advertising financial products. The regulator consulted on proposed guidance on advertising last year. The final guidance, published today, reflects feedback from consultation and sets out three key principles for organisations to consider when advertising financial products or services:…

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The Australian Securities and Investments Commission (ASIC) has written to CEOs of public companies, large proprietary companies and trustees of registrable superannuation entities (RSEs) urging them to review their whistleblower policies to ensure they comply with the law. Since 1 January 2020, the Corporations Act 2001 (Corporations Act) has required public companies, large proprietary companies,…

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About a fortnight after the United States Securities and Exchange Commission (SEC) brought insider trading charges against former Goldman compliance analyst Jose Luis Casero Sanchez, the regulator has warned the Court that the defendants in this case are dissipating assets in violation of Court orders. Let’s recall that the lawsuit was launched on September 29,…

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Law enforcement and judicial authorities from Bulgaria, Cyprus, Germany, the Netherlands and Ukraine, supported by Europol and Eurojust, teamed up against an organised crime group involved in binary options fraud. The group was behind an online trading platform for financial services with binary options. Europol set up an Operational Task Force to support the cross-border…

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