These 22 securities were being promoted on social media with the only purpose of inflating the price. The typical pump and dump scheme now being perpetrated on social media on a mass scale.
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While “crime never pays” is far from being absolute truth, “no one likes a tattletale” has completely lost its meaning in the United States.
In 2020, investment into UK fintech stood at $4.1 billion in 2020, which is more than the next 4 European countries combined.
“It is our responsibility to ensure that [investors] have access to material information when planning for their financial future”.
While “crime never pays” is far from being absolute truth, “no one likes a tattletale” has completely lost its meaning in the United States. The SEC likes tattletales and it has never been more rewarding to expose criminals.
“The launch of the Brexit Information Hub is aimed at offering guidance to those firms that wish to continue working in Cyprus and to allow UK firms that are currently reviewing their post-Brexit arrangements to gain a better understanding of the regulatory environment in Cyprus and in the EU in general.”
“In normal circumstances, I think that Ripple would ultimately capitulate and reach a settlement early” says lawyer Matt Stankiewicz
Dedicated regtech companies and a stringent effort by FX brokerages to maintain compliance procedure over recent years has once again shown our industry to be right at the top. Especially when considering the blotted copybook of the banks.
The statement must be sending chills down many spines in New York, a state that adopted cryptocurrencies early on. While many firms have been granted regulatory approval to operate, it is unclear how many unregistered broker-dealers are still out there. We will find out soon enough.
The financial watchdog feared the risk of a new trading frenzy based on social media as these platforms can tempt unaware investors to invest with fear of missing out and then finding themselves holding the bag.
How a bank or a regulator can offer any form of framework for protecting the custody of virtual currency is still an anomaly.
Nick Morgan believes chances of obtaining prosecutions are quite slim but very possible
As the cryptocurrency ecosystem comes closer to a boom in decentralized finance (DeFi), it might be prudent to remember the initial coin offering (ICO) mania and the price that many investors paid for being maybe too trusting, greedy, and illiterate.
The published settlement with the TopForex operator can hardly be quoted as it fails to meet proper transparency standards. The vague wording provided by the Cyprus financial regulator may contradict its mission of public service.
Ashley Jessen is a senior marketing executive within the FX industry with a very high quality career background. Today, ACY Securities promotes him to the position of Chief Operating Officer
This morning, CySec has issued a very anodyne notice regarding regulation post-Brexit. We look at the absolute hypocrisy of a regulator that allows all its own firms to offer huge bonuses and zero accounts by offering non-compliant 1:2000 leverage via offshore regions, and how it should really be FCA firms lauding the passing of the absurd MiFID passporting system that allowed such bucket shops to associate themselves with British FCA regulations.
Non bank market makers are absolutely dominating the growth of FX order flow execution. Citadel Securities is now the largest internalizer in Europe by market share, a battle it is winning against Tier 1 banks alongside global leader XTX Markets. It is good to see the OTC sector holding its own.
During his term, the CFTC created 68 new rules, orders and guidance’s and extended its regulatory reach to encompass not only exchange-traded derivatives but also the far larger OTC markets as well. Will he cosy up to ESMA?
Currently, the chancellor’s vision seems to be long on promise and short on substance