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Director to pay $400,000 and cease to provide financial services for five years

February 16th, 2018 (0)
ASIC has accepted an Enforceable Undertaking from director Mr David Orth under which he will cease to provide financial services for five years. In addition, Mr Orth will make a community benefit payment in the amount of $400,000 to ...

The Euro and the Yen rose; Japanese stocks extended a rally

February 16th, 2018 (0)
Japanese stocks extended a rally in global equities even as the yen rose to its strongest in 15 months, with trading muted due to holiday closures across Asia. Australian shares closed slightly lower, but with most major markets across ...

Experts predict the price of these cryptocurrencies to soar in 2018

February 15th, 2018 (0)
A group of 13 experts have suggested Bitcoin will be the best performing of all cryptocurrencies this year and could shoot up to a value of $14,928 by March 1 and hit $43,472 by the year’s end – more ...

IOSCO consults on proposed policy measures to protect investors of OTC leveraged products

February 15th, 2018 (0)
The International Organization of Securities Commissions (IOSCO) has issued a consultation report proposing policy measures for its members to consider when addressing the risks arising from the offer and sale of OTC leveraged products to retail clients. The Report ...

Facebook personal data use and privacy settings ruled illegal by German court

February 15th, 2018 (0)
Facebook’s default privacy settings and use of personal data are against German consumer law, according to a judgement handed down by a Berlin regional court. The court found that Facebook collects and uses personal data without providing enough information ...

BCSC consults with stakeholders in financial technology sector

February 15th, 2018 (0)
The British Columbia Securities Commission (BCSC) today released a fintech notice and request for comment (the notice), summarizing the results of the BCSC’s fintech outreach activities in 2017 and seeking input on potential measures to clarify or modernize B.C. ...

Interactive Brokers Hong Kong fined $4.5 million

February 15th, 2018 (0)
The Securities and Futures Commission (SFC) has reprimanded and fined Interactive Brokers Hong Kong Limited (IBHK) $4.5 million after resolving concerns over IBHK’s breaches of the Code of Conduct in its execution of market orders using electronic and algorithmic ...

Guidelines to protect users of electronic payments; MAS Singapore

February 14th, 2018 (0)
The Monetary Authority of Singapore (MAS) launched a public consultation on proposed guidelines to protect users of electronic payments (“e-payments”). The proposed E-payments User Protection Guidelines aim to encourage wider adoption of e-payments by setting standards on the responsibilities ...

Dollar slid to a 15-month low against the yen

February 14th, 2018 (0)
The dollar slid to a 15-month low against the yen on Wednesday, as investors remained on edge ahead of key U.S. inflation numbers later in the day, underscoring fragile risk sentiment following the recent shakeout in equity markets. The ...

FX Volatility Sparks Trading Surge With Signs of More to Come

February 13th, 2018 (0)
The past week’s financial-market turbulence is keeping foreign-exchange traders busy, boosting volumes along with volatility. Price swings in the $5.1-trillion a day currency market have jumped this month to the highest since November 2016 on a monthly basis, according ...
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