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Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that offer financial services/financial products illegally. The list of websites targeted by the latest orders includes five illegal financial intermediation websites and one website through which an offer of financial products is carried out in the absence of a prospectus….

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BNP Paribas Markets 360 has announced the appointment of David Martin as Head of Commodities Desk Strategy, effective immediately. In this role, David will lead the newly created Commodities Desk Strategy team, who cover metals in addition to energy, adapting and enhancing Markets 360’s research offering. David Martin joined the bank in April this year,…

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Dozens of victims of Forex trading platform ROFX have taken the entity and its founders to Court over alleged fraud. The Complaint, seen by FX News Group, was filed in the Florida Southern District Court on September 29, 2021. The plaintiffs are Ryan Birmingham, Roman Leonov, Mitchell Parent, Jonathan Zarley, and Steven Hansen – ROFX.net…

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The Authority for the Financial Markets (AFM) of the Netherlands today posted data about the number of enquiries it received in the first six months of 2021. In the first half of 2021, consumers and financial enterprises asked the regulator nearly 9,500 questions. The regulator also assessed 2,752 signals about possible abuses. The AFM notes…

Read More “Dutch AFM registers rise in signals about suspicious FX, crypto investments” »

Specialized payments platform Paysafe Limited (NYSE:PSFE) today announced a new partnership with Shelby Financial Corporation, a provider of escrow solutions for the travel and aviation industry, to further strengthen its ‘safeguarding’ acquiring solution for U.S. airline ticket payments. Paysafe in July rolled out its safeguarding trust model for airline tickets payments, innovating on the traditional…

Read More “Paysafe, Shelby Financial team up to safeguard US airline payments” »

Standard Chartered today announces a partnership with global fintech company FinLync to enable corporate treasury and finance teams to rapidly and easily connect to Standard Chartered’s application programming interface (API) offerings, via FinLync. This will allow corporates to make decisions faster, more frequently and based on more-precise information, all of which provide an edge over…

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After having its previous (but lower value) sale plan for its Financials division Finalto rejected by its own shareholders, online gaming company Playtech (LON:PTEC) has announced that it has now agreed to sell Finalto to Gopher Investments for $250 million. In doing the math, however, Playtech admitted that the real value of the deal is…

Read More “Playtech agrees to sell Finalto to Gopher for $132M” »

The United States Commodity Futures Trading Commission (CFTC) today announced charges against 14 entities for either failing to register as futures commission merchants (FCMs) or else making false and misleading claims of having CFTC registration and National Futures Association (NFA) membership. Each complaint seeks orders directing the entities to cease and desist from committing violations…

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The Swiss Financial Market Supervisory Authority (FINMA) today announces that it has approved the first crypto fund according to Swiss law. The fund, which is restricted to qualified investors, invests primarily in cryptoassets. For the first time, FINMA has approved a Swiss fund that invests primarily in cryptoassets, that is to say in assets based…

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The sterling, Japanese yen, Swiss franc and euro LIBOR panels are ceasing on 31 December 2021. Today, the Financial Conduct Authority (FCA) confirms that to avoid disruption to legacy contracts that reference the 1-, 3- and 6-month sterling and Japanese yen LIBOR settings, it will require the LIBOR benchmark administrator to publish these settings under…

Read More “FCA unveils arrangements for orderly LIBOR wind-down at end-2021” »