Author Archives: Louise Lewis

FMA New Zealand warns against Prestige Wealth Solutions

Reason: Fraudulent, UnregulatedComment: It has been brought to the attention of FMA that Prestige Wealth Solutions and its associates are offering financial services to New Zealand residents via unsolicited telephone calls. Prestige Wealth Solutions is not registered as a financial service provider in New Zealand and is therefore not permitted to provide financial services to New Zealand residents.Date: 27/06/2018Link: https://fma.govt.nz/news-and-resources/warnings-and-alerts/prestige-wealth-solutions/

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FMA Austria warns against Sun Capital Limited

Reason: UnregulatedComment: Sun Capital Limited is not entitled to provide investment services or banking services in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others (Art. 1 para. 1 no. 7 BWG), nor to provide commercial portfolio management (Art. 3 para. 2 no. ...

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Deutsche Bank Is Said to Lose $46 Million on Dominion Trade

(Bloomberg) — Deutsche Bank AG’s investment banking woes were exacerbated by a stock sale gone wrong in the U.S., according to a person with knowledge with the matter. Germany’s largest lender reported a 50 percent drop in equity origination revenue during the first quarter and said it was because of losses on a block trade. It took a roughly 38 ...

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Iran Officially Replaces US Dollar With Euro in Int’l Transactions

The Iranian government has decided to replace the US dollar with euro in its international transactions. The decision was taken in a cabinet meeting as the government tries to manage the exchange rates and support the plunging rial. “All ministries, governmental organizations and firms are obliged to choose euro as the main currency used in reporting and publishing statistics, information and ...

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Banco Santander Prepares to Roll Out Personal Payments via Ripple Network

Banco Santander has set a Q1 2018 launch date for the introduction of same day mobile international payments for personal customers using Ripple's distributed ledger technology. A spokesperson for the bank noted: “We plan to launch this in the coming months, and we can confirm in the registry that we plan to use xCurrent in the project. We expect to ...

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Windsor Brokers Announced their New Logo and Look

windsor brokers

At BrokersWatch.com we first learned that Windsor Brokers, a Cypriot Forex Broker was planning to change their logo and look as the year 2018 marks their 30th anniversary in Forex industry. Today, Windsor Brokers is unveiling its new brand identity which builds on the company’s image and creates a modern look and feel for the broker. The new brand identity is a part of their 30th ...

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Gemalto Enables Oracle Cloud Customers to Boost Security of Data in Motion and at Rest

Gemalto, digital security and Gold level member of Oracle PartnerNetwork, has just announced that Oracle Cloud Infrastructure customers can enhance the security of their cloud workloads and reduce the complexity of managing multiple heterogeneous security solutions with an integrated SafeNet Encryption and Key Management offering. As companies migrate to the cloud, protecting sensitive information efficiently is a priority, especially with regionalized legislation ...

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Two new Bitcoin ETFs Submitted for SEC Approval

bitcoin etfs

Two new Bitcoin ETFs have been submitted to the SEC for approval by ProShares Capital Management. According to Form S-1 dated September 27, ProShares Capital Management wants to create two bitcoin funds: the ProShares Bitcoin ETF and the ProShaers Short Bitcoin ETF. However, ProShares’ intent is not the actual purchase of Bitcoins, but its intent is to purchase derivated contracts for exposure. According ...

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ASIC provides guidance for initial coin offerings

initial coin offerings

ASIC today, released guidance to help issuers of initial coin offerings (ICOs) consider their legal obligations when offering coins or tokens. ASIC Commissioner John Price said ‘We want to ensure innovative firms understand the regulatory framework they may be operating under and ensure they meet any obligations they may have when raising funds in Australia.’ ASIC and the Australian Competition ...

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Tradency: Mirror Trader Crypto & RoboX Crypto are now available to support Cryptocurrencies

tradency

Tradency, a financial technology provider, today announced the support of cryptocurrencies by its auto trade-by-knowledge platform, the Mirror Trader and its active robo-advisor the RoboX. Mirror Trader Crypto & RoboX Crypto deliver to the retail traders, new cryptocurrency strategies that take advantage of the cryptocurrency trading patterns to create trading opportunities. Tradency has focused on the top five most popular ...

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