The European Supervisory Authorities (EBA, ESMA and EIOPA – the ESAs) today issued a warning to consumers about crypto-assets. These are not suited for most retail consumers as an investment or as a means of payment or exchange, the regulators say. Consumers face the very real possibility of losing all their invested money if they…
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Hong Kong Exchanges and Clearing Limited (HKEX) announces it has named Ms Yang Qiumei as Managing Director, Advisor to the CEO. In her new role, Ms Yang will work alongside HKEX’s Mainland Development and Client Development teams, to support the Executive on various Mainland China initiatives, as well as oversee the Group’s Mainland China subsidiaries….
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OTC Markets Group Inc. (OTCQX:OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced that it has signed a definitive agreement to acquire the assets of Blue Sky Data Corp, a leading provider of equity and debt compliance data regarding state “Blue Sky” securities rules and regulations. The transaction, which is subject…
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Charles Schwab today announced the launch of thematic stock lists, a new resource designed for self-directed investors who want to invest in stocks aligned with their personal interests and values. Using Schwab’s thematic stock lists – one of the largest theme-based stock list resources available in the industry today – clients can easily view potential…
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The Cyprus Securities and Exchange Commission (CySEC) is seeking public feedback to expand its innovation-related work. To help encourage responsible innovation, CySEC has today launched a call for views on establishing a Regulatory Sandbox that will allow innovators to test new products and services. Views and evidence on the scope of such a Regulatory Sandbox…
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The Australian Securities and Investments Commission (ASIC) has issued a brief statement regarding today’s outage at the ASX24 futures market. The ASX24 futures market trading platform entered into a trading halt at around 10:00am Thursday 17 March and reopened around 2:00pm in the afternoon. ASIC says it remained in regular communication with ASX, market participants,…
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Ripple, a leading provider of enterprise blockchain and cryptocurrency solutions, today announced Michael Warren is joining its board of directors. A former Senior Advisor in the White House during the Obama administration, Mr Warren brings decades of leadership in financial services, international business, and government policy to Ripple as the company continues to champion regulatory…
Crypto exchange Binance has announced that it has been granted a Virtual Asset License from Dubai’s Virtual Asset Regulatory Authority (VARA). Binance said that it will now be able to operate within Dubai’s ‘test-adapt-scale’ virtual asset market model as a base for expansion into the region. Under the Virtual Asset Regulatory Authority (VARA) initial regulatory…
LME today published a notice regarding daily upper and lower price limits in either direction for outright Contracts in all base metals. The notice sets out firm daily price limits for Nickel outrights and reconfirms the daily price limits that will be applied to all other base metal outrights, and sets out the dates from…
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Aegis Investments has agreed to a fine as a part of a settlement with FINRA. Aegis Investments failed to conduct annual independent testing of the firm’s anti-money laundering (AML) compliance program between 2011 and 2020, in violation of FINRA Rules 3310(c) and 2010. FINRA Rule 3310 requires member firms like Aegis Investments to develop and…
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