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OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Mike Novogratz’ Galaxy Digital Acquires BitGo for $1.2…
Galaxy Digital has agreed to acquire BitGo, a digital assets infrastructure provider, as the firm led by Mike Novogratz positions itself as a full-service platform for institutions seeking access to the crypto economy. Mike Novogratz, CEO…
ASIC Takes Action to Wind up Illegal Investment…
The Federal Court has made orders to wind up MyWealth Manager, an unregistered managed investment scheme (the Scheme). The Court found the Scheme had been operated by Mustafa Mohammed, Mahek Mustafa, Mubashir Mohammed and included…
Rise in Investment Scams During COVID-19 Pandemic
ASIC has seen a rise in the number of investment scam reports from Australian consumers and investors during the COVID-19 (coronavirus) pandemic. Reports of misconduct received by ASIC from March to May 2020 are up…
Investment Funds Told to Correct Advertising and Disclosure
Today ASIC put responsible entities (REs) of all managed investment schemes (MISs) ‘on notice’ that they must ensure their investment fund advertising provides clear, balanced and accurate information. This follows ASIC’s risk based surveillance of advertising…
Wombat Invest Launches Fractional Share-Trading In The UK
Wombat Invest has launched fractional share-trading in some of the top UK companies from as little as £10, the mobile-only investment app announced. The platform, whose customer base is mostly composed of users aged under…
ASIC Warns Consumers: Investment Advertising Is Not Always…
ASIC warns consumers about investment advertising that compares fixed-term investment products to bank term deposits. A surge in such marketing of fixed-term investment products in recent months has prompted ASIC to caution consumers to take…
FCA Commences Civil Proceedings in Relation to Alleged…
The Financial Conduct Authority (FCA) has commenced proceedings in the High Court against 24HR Trading Academy Ltd (24HTA) and its sole director, Mohammed Fuaath Haja Maideen Maricar. The FCA alleges that from 2017 onwards, 24HTA…
SEC to Hold National Compliance Outreach Seminar for…
Washington D.C., Feb. 25, 2020 — The Securities and Exchange Commission today announced the opening of registration for its compliance outreach program’s national seminar for investment companies and investment advisers. The event is intended to…