Germany’s BaFin to keep in place restrictions on CFD trading
By a general administrative act, the regulator has stipulated that CFDs with an additional payments obligation are to remain prohibited.
AFCA says funds unlikely to be returned to clients of Berndale Capital Securities before 2020
The Receivers and Managers will not be able to return funds to Berndale investors until after ASIC has finalised its investigations and the future of Berndale has been decided.
Beeks Financial Cloud says trading in FY19 in line with expectations
The company also announced the signing of two additional Tier 1 clients: a global investment management organisation and a global bank.
IG registers 30% Y/Y drop in net profits in FY19
Profit after tax for the twelve months to May 31, 2019, was £158.3 million, down 30% from the preceding year.
IG Group to close accounts of Chinese residents in Australia by end-July
Chinese resident clients contracted to IG’s Australian entity generated revenue of £2.7 million in FY19.
Director of Forex Brokers Limited pleads guilty to fraud
Russell Maher has pleaded guilty to 47 charges of ‘Using forged documents’ brought by New Zealand’s Serious Fraud Office.
US Court wants to know about Israeli “call center industry” as binary options fraud case continues
Lee Elbaz, the former CEO of Israel-based Yukom Communications, will have to provide disclosure on “consistent with common and accepted industry practices” means.
Equinix opens eleventh IBX data center in Tokyo
With the addition of TY11, Equinix now operates a total of 11 data centers in Tokyo and two in Osaka.
NY authorities reach settlement with Equifax over 2017 data breach
Equifax agrees to pay $425 million in restitution and to provide New York consumers with credit monitoring services and free annual credit reports for five years.
Atom bank announces £50m raised in latest fundraising round
The mobile bank has raised £50 million in a fundraising round with participation from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP.
Russian c-bank detects 81 illegal Forex dealers in H1 2019
Some 38 of these companies targeted Russian clientele from abroad, Head of the Bank of Russia’s Department for Countering Malpractice told TASS in an interview.
14 years of dependability! Where does MetaTrader stand today?
We take a comprehensive look at where the ubiquitous and market-dominating MetaTrader platform stands in today’s ever-evolving FX industry
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Swissquote makes it easier to open demo accounts via Advanced Trader Mobile app
Traders can now create a demo account simply with their Google or Facebook account.
ICAC charges former Convoy Financial execs with conspiracy to defraud Hong Kong Stock Exchange
Chan Lai-yee, former chief financial officer of Convoy Financial, and Byron Tan Ye-kai, former executive director of Convoy Financial, face a joint charge of conspiracy to defraud.
Financial services companies most advanced in digital transformation, Fujitsu survey shows
Fujitsu’s survey of 900 business leaders shows 47% of financial services companies have implemented and seen outcomes of digital transformation activities over the last three years.
