Industry

Ashraf Ashraf

Ashraf Ashraf

GAINZ Philippines, led by CEO Leah Melevo, is rapidly gaining attention in the online community with its unique investment opportunities. Utilizing social media platforms, particularly Facebook, the company is engaging with a broad audience, introducing them to various investment plans, the most notable being the MAX PLAN. However, the Securities and Exchange Commission (SEC) warns that this is a type of Ponzi scheme. In a Ponzi scheme, the money from new investors is used to pay earlier investors, which is not sustainable and often ends in loss for many involved. The SEC clarifies that it does not approve or license such schemes.

GAINZ Philippines, led by CEO Leah Melevo, is rapidly gaining attention in the online community with its unique investment opportunities. Utilizing social media platforms, particularly Facebook, the company is engaging with a broad audience, introducing them to various investment plans, the most notable being the MAX PLAN. However, the Securities and Exchange Commission (SEC) warns that this is a type of Ponzi scheme. In a Ponzi scheme, the money from new investors is used to pay earlier investors, which is not sustainable and often ends in loss for many involved. The SEC clarifies that it does not approve or license such schemes.

In 2023, something exceptional happened in the Philippines! The Securities and Exchange Commission (SEC) achieved a new milestone in company registrations. A whopping 46,445 firms successfully registered using the SEC Electronic Simplified Processing of Application for Registration of Corporation (eSPARC) from January to November 2023. This shattered the previous record of 42,936 registrations for the entire year of 2022. It goes to show just how easy it is to establish new businesses in our country. Incredible, isn't it?

In 2023, something exceptional happened in the Philippines! The Securities and Exchange Commission (SEC) achieved a new milestone in company registrations. A whopping 46,445 firms successfully registered using the SEC Electronic Simplified Processing of Application for Registration of Corporation (eSPARC) from January to November 2023. This shattered the previous record of 42,936 registrations for the entire year of 2022. It goes to show just how easy it is to establish new businesses in our country. Incredible, isn't it?

UWork is a comprehensive brokerage business/client/agent management system that integrates Back Office, CRM, and IB functionalities. Feel free to apply for a trial! Telegram: cason_crm

UWork is a comprehensive brokerage business/client/agent management system that integrates Back Office, CRM, and IB functionalities. Feel free to apply for a trial! Telegram: cason_crm

UWork是一款集Back Office/ CRM/ IB system为一体的经纪商业务/客户/代理管理系统，欢迎申请试用 Telegram: cason_crm

UWork是一款集Back Office/ CRM/ IB system为一体的经纪商业务/客户/代理管理系统，欢迎申请试用 Telegram: cason_crm

Vantage Markets presents a well-rounded offering that suits a wide range of traders, from beginners to experienced professionals. Its commitment to evolving based on customer feedback is indicative of a strong focus on user satisfaction and responsiveness to market needs. For traders in 2024, considering Vantage as a brokerage choice means opting for a blend of efficiency, cost-effectiveness, and a customer-centric approach.

Vantage Markets presents a well-rounded offering that suits a wide range of traders, from beginners to experienced professionals. Its commitment to evolving based on customer feedback is indicative of a strong focus on user satisfaction and responsiveness to market needs. For traders in 2024, considering Vantage as a brokerage choice means opting for a blend of efficiency, cost-effectiveness, and a customer-centric approach.

A Client shared an incident with WikiFX and wrote, “ Beware of ”MintCFD. They operate without authorization. The complainant shared a screenshot of the whole incident with us. In his sent screenshot he did live chat with MintCFD's customer support representative “Raju,” where he inquired about the license and regulations of the firm. But Instead of presenting him license certificates. The firm misleaded him and continued to convince him that they are regulated.

A Client shared an incident with WikiFX and wrote, “ Beware of ”MintCFD. They operate without authorization. The complainant shared a screenshot of the whole incident with us. In his sent screenshot he did live chat with MintCFD's customer support representative “Raju,” where he inquired about the license and regulations of the firm. But Instead of presenting him license certificates. The firm misleaded him and continued to convince him that they are regulated.

hello am new to forex demo account and still learning but I need a agent and tutor online .....my name is kago blessing from Botswana in home village palapye.......i have already downloaded expert option for trading and I will update you my people if I finish setting it up to start trading and after trading I want to improve our country to become better ..please like and support me cuz wat goes around always comes around......I am so happy to be using this app to help me ..thank you so much

hello am new to forex demo account and still learning but I need a agent and tutor online .....my name is kago blessing from Botswana in home village palapye.......i have already downloaded expert option for trading and I will update you my people if I finish setting it up to start trading and after trading I want to improve our country to become better ..please like and support me cuz wat goes around always comes around......I am so happy to be using this app to help me ..thank you so much

In a groundbreaking move at the end of December, Hong Kong initiated a vital consultation process focused on the regulation of stablecoins, a key element in the cryptocurrency market. This step, led by the Hong Kong Monetary Authority (HKMA) in collaboration with the Financial Services and the Treasury Bureau (FSTB), marks a significant stride in the integration and regulation of stablecoins within the financial landscape. This consultation will be open for public input until the end of February. Recognizing the vital link between traditional financial systems and the burgeoning world of cryptocurrencies, this consultation aims to address potential risks to financial stability. The initiative comes in the wake of incidents like the 2022 Terra UST collapse, underlining the need for robust regulatory frameworks.

In a groundbreaking move at the end of December, Hong Kong initiated a vital consultation process focused on the regulation of stablecoins, a key element in the cryptocurrency market. This step, led by the Hong Kong Monetary Authority (HKMA) in collaboration with the Financial Services and the Treasury Bureau (FSTB), marks a significant stride in the integration and regulation of stablecoins within the financial landscape. This consultation will be open for public input until the end of February. Recognizing the vital link between traditional financial systems and the burgeoning world of cryptocurrencies, this consultation aims to address potential risks to financial stability. The initiative comes in the wake of incidents like the 2022 Terra UST collapse, underlining the need for robust regulatory frameworks.

The Philippines Securities and Exchange Commission (SEC) has recently released a public advisory warning against engaging in investment and trading activities with OCTAFX/OCTA TRADING. This firm, found to be operating without necessary licenses, has been actively promoting its services through various social media platforms, targeting Filipino investors. According to the SEC's statement, OCTAFX/OCTA TRADING is not permitted to sell or offer securities in the Philippines. The Securities Regulation Code (SRC) defines securities as investment instruments such as stocks, bonds, and options that must be registered with and authorized by the SEC before they may be issued to the public. The lack of registration and authorization of OCTAFX/OCTA TRADING raises significant legal and financial risks for potential investors.

The Philippines Securities and Exchange Commission (SEC) has recently released a public advisory warning against engaging in investment and trading activities with OCTAFX/OCTA TRADING. This firm, found to be operating without necessary licenses, has been actively promoting its services through various social media platforms, targeting Filipino investors. According to the SEC's statement, OCTAFX/OCTA TRADING is not permitted to sell or offer securities in the Philippines. The Securities Regulation Code (SRC) defines securities as investment instruments such as stocks, bonds, and options that must be registered with and authorized by the SEC before they may be issued to the public. The lack of registration and authorization of OCTAFX/OCTA TRADING raises significant legal and financial risks for potential investors.

1. Name: ZELFINEX / ZELFINEX GROUP LTD Email: info@zelfinex.com, support@zelfinex.com Website: www.zelfinex.com 2. Name: LOOMINVESTMENT / LOOM INVESTMENT Telephone: +1493890282 Email: support@loominvestment.com Website: www.loominvestment.com 3. Name: WINTRON GLOBAL Telephone: +0123456789000 Email: wintron.global@gmail.com Website: www.rkmatka.co.in

1. Name: ZELFINEX / ZELFINEX GROUP LTD Email: info@zelfinex.com, support@zelfinex.com Website: www.zelfinex.com 2. Name: LOOMINVESTMENT / LOOM INVESTMENT Telephone: +1493890282 Email: support@loominvestment.com Website: www.loominvestment.com 3. Name: WINTRON GLOBAL Telephone: +0123456789000 Email: wintron.global@gmail.com Website: www.rkmatka.co.in

A significant settlement between NAGA Markets Europe and the Cyprus Securities and Exchange Commission (CySEC) has been achieved, in a precedent-setting ruling that emphasizes the stringent enforcement of financial regulations. The announcement of the €150,000 agreement followed a comprehensive review process that was conducted during a March 2023 meeting. This conduct exemplifies the continuous dedication of CySEC to upholding the trustworthiness and integrity of the financial markets.

A significant settlement between NAGA Markets Europe and the Cyprus Securities and Exchange Commission (CySEC) has been achieved, in a precedent-setting ruling that emphasizes the stringent enforcement of financial regulations. The announcement of the €150,000 agreement followed a comprehensive review process that was conducted during a March 2023 meeting. This conduct exemplifies the continuous dedication of CySEC to upholding the trustworthiness and integrity of the financial markets.

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提升您的金融交易平台体验！我们专业团队为您提供一站式MT5白标系统搭建服务。定制化、稳健、安全，让您的交易业务更高效。与我们合作，开创金融市场新篇章！ 飞机电报: @cason_crm

According to the Financial Market Authority (FMA), Ocean Trade is an unauthorised firm. FMA recommended caution when dealing with Ocean Trade and its twelve duplicate websites. The Authority said Nine of these websites falsely use details of a registered New Zealand company Mercado Limited (registration number 7353856), including its address and Companies Register details on a fake Certificate of Incorporation document. WEBSITE: ocean-trade.org; perfectglobaltrade.org; livetradeinvestment.com; cryptoprofitrade.com; coinminetinvest.com; cryptoprofitrade.com; cnkglobalinvestment.com; stakefunds.org; episodegrab.org; upliftfxinvest.net; coinfinancefxtrading.com; realearners.net; coinfinancefxtrading.com EMAIL: support@ocean-trade.org; support@perfectglobaltrade.org; support@livetradeinvestment.com; support@cryptoprofitrade.com; support@coinminetinvest.com; support@cryptoprofitrade.com; support@cnkglobalinvestment.com; support@stakefunds.org; support@Episode-grab; admin@coinfinancefxtrading.com; admin@realearners.net; admin@coinfinancefxtrading.com ADDRESS: (Alleged) 25d Churchill Street, Christchurch Central, Christchurch 8013 FMA Stated that The Director of Mercado Limited has confirmed no association with these websites.

According to the Financial Market Authority (FMA), Ocean Trade is an unauthorised firm. FMA recommended caution when dealing with Ocean Trade and its twelve duplicate websites. The Authority said Nine of these websites falsely use details of a registered New Zealand company Mercado Limited (registration number 7353856), including its address and Companies Register details on a fake Certificate of Incorporation document. WEBSITE: ocean-trade.org; perfectglobaltrade.org; livetradeinvestment.com; cryptoprofitrade.com; coinminetinvest.com; cryptoprofitrade.com; cnkglobalinvestment.com; stakefunds.org; episodegrab.org; upliftfxinvest.net; coinfinancefxtrading.com; realearners.net; coinfinancefxtrading.com EMAIL: support@ocean-trade.org; support@perfectglobaltrade.org; support@livetradeinvestment.com; support@cryptoprofitrade.com; support@coinminetinvest.com; support@cryptoprofitrade.com; support@cnkglobalinvestment.com; support@stakefunds.org; support@Episode-grab; admin@coinfinancefxtrading.com; admin@realearners.net; admin@coinfinancefxtrading.com ADDRESS: (Alleged) 25d Churchill Street, Christchurch Central, Christchurch 8013 FMA Stated that The Director of Mercado Limited has confirmed no association with these websites.

According to a press release shared on 28 December, the Financial Conduct Authority (FCA) has taken stronger measures against deceptive financial promotions and unlicensed businesses operating in the UK. They have even imposed their highest-ever monetary fines in the past year. This escalated regulatory attention demonstrates the FCA's firm commitment to safeguarding consumers and maintaining market integrity. Their recently launched 3-year strategy for 2022 emphasizes these objectives.

According to a press release shared on 28 December, the Financial Conduct Authority (FCA) has taken stronger measures against deceptive financial promotions and unlicensed businesses operating in the UK. They have even imposed their highest-ever monetary fines in the past year. This escalated regulatory attention demonstrates the FCA's firm commitment to safeguarding consumers and maintaining market integrity. Their recently launched 3-year strategy for 2022 emphasizes these objectives.

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20$ pr fot

The dynamic environment of digital currencies in the United States is being progressively shaped by regulatory measures. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will be in the public eye in 2024 as they deliberate on the adoption of new regulations that have the potential to significantly alter the cryptocurrency sector. This emphasis is placed at a critical juncture when the industry is in search of regulatory bodies to provide clarity and stability. The exponential expansion of cryptocurrency from a specialized subject to a major participant in the financial market has compelled regulatory agencies to intervene. The SEC and CFTC have been especially active, with Binance, Kraken, and Coinbase among the largest participants in the cryptocurrency industry falling under their regulatory purview. These behaviors unequivocally communicate that the period of minimal oversight in the cryptocurrency industry is nearing its conclusion. Investors and operators in the sector must have a comprehensive comprehension of the focus and potential impact of these regulatory bodies as they deliberate on regulations that may increase industry oversight.

The dynamic environment of digital currencies in the United States is being progressively shaped by regulatory measures. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will be in the public eye in 2024 as they deliberate on the adoption of new regulations that have the potential to significantly alter the cryptocurrency sector. This emphasis is placed at a critical juncture when the industry is in search of regulatory bodies to provide clarity and stability. The exponential expansion of cryptocurrency from a specialized subject to a major participant in the financial market has compelled regulatory agencies to intervene. The SEC and CFTC have been especially active, with Binance, Kraken, and Coinbase among the largest participants in the cryptocurrency industry falling under their regulatory purview. These behaviors unequivocally communicate that the period of minimal oversight in the cryptocurrency industry is nearing its conclusion. Investors and operators in the sector must have a comprehensive comprehension of the focus and potential impact of these regulatory bodies as they deliberate on regulations that may increase industry oversight.

In the realm of online trading, the recent turmoil surrounding UW Global has cast a glaring spotlight on the challenges faced by investors, emphasizing the critical need for transparency and caution in the financial industry. This tumultuous scenario unveils a distressing tale recounted by one user, whose grievance underscores the significance of thorough research and vigilance before engaging with brokers. The ordeal faced by a user illuminates the precarious nature of dealing with UW Global. The user, having invested with high hopes, encountered substantial hurdles while attempting to withdraw funds from their UW Global account. What should have been a routine transaction spiralled into a negative experience marked by delays and excuses. The user, in their submitted complaint, pointedly states that UW Global has repeatedly failed to release clients' funds, citing various reasons and providing a barrage of excuses that have resulted in extensive delays. Frustrated by the lack of progress in receiving their rightful funds, numerous affected investors have escalated the issue, reaching out to regulatory bodies such as the LFSA (Regulator), involving commercial crimes police, and even resorting to legal action.

In the realm of online trading, the recent turmoil surrounding UW Global has cast a glaring spotlight on the challenges faced by investors, emphasizing the critical need for transparency and caution in the financial industry. This tumultuous scenario unveils a distressing tale recounted by one user, whose grievance underscores the significance of thorough research and vigilance before engaging with brokers. The ordeal faced by a user illuminates the precarious nature of dealing with UW Global. The user, having invested with high hopes, encountered substantial hurdles while attempting to withdraw funds from their UW Global account. What should have been a routine transaction spiralled into a negative experience marked by delays and excuses. The user, in their submitted complaint, pointedly states that UW Global has repeatedly failed to release clients' funds, citing various reasons and providing a barrage of excuses that have resulted in extensive delays. Frustrated by the lack of progress in receiving their rightful funds, numerous affected investors have escalated the issue, reaching out to regulatory bodies such as the LFSA (Regulator), involving commercial crimes police, and even resorting to legal action.

TriumphFX has long been under regulatory scrutiny, with complaints surfacing over a decade ago, alleging activities resembling a financial pyramid scheme. The Cyprus Securities and Exchange Commission (CySEC) announced measures against Triumph Int. (Cyprus) Ltd, the operator of TriumphFX, including halting Hseung's voting rights and restricting executive directors Christoforos Christoforou and Joel Prakash Benedict from management roles for two years. CySEC highlighted Hseung's perceived detrimental impact on Triumph's stable management, echoing alerts from regulators in Singapore and Malaysia in 2021 and 2020 respectively. However, warnings about TriumphFX's potentially risky practices date back to 2015, as revealed by Finance Magnates' investigations into Asian regulatory concerns. The Hong Kong Securities and Futures Commission (SFC) issued a cautionary notice about Triumph Global (Asia) Limited in 2015, indicating regulatory non-compliance in offering services to Hong Kong clients without proper licenses. Triumph International Limited, located in the British Virgin Islands, managed the entity.

TriumphFX has long been under regulatory scrutiny, with complaints surfacing over a decade ago, alleging activities resembling a financial pyramid scheme. The Cyprus Securities and Exchange Commission (CySEC) announced measures against Triumph Int. (Cyprus) Ltd, the operator of TriumphFX, including halting Hseung's voting rights and restricting executive directors Christoforos Christoforou and Joel Prakash Benedict from management roles for two years. CySEC highlighted Hseung's perceived detrimental impact on Triumph's stable management, echoing alerts from regulators in Singapore and Malaysia in 2021 and 2020 respectively. However, warnings about TriumphFX's potentially risky practices date back to 2015, as revealed by Finance Magnates' investigations into Asian regulatory concerns. The Hong Kong Securities and Futures Commission (SFC) issued a cautionary notice about Triumph Global (Asia) Limited in 2015, indicating regulatory non-compliance in offering services to Hong Kong clients without proper licenses. Triumph International Limited, located in the British Virgin Islands, managed the entity.

Exciting news for international banks! The doors of South Korea's onshore foreign exchange market are swinging open, and banks are hurrying to secure their spots. The Bank of Korea is introducing a scheme that will allow offshore banks to trade in this market as registered financial institutions. From the first day of the new year, banks that become designated RFIs can engage in deliverable interbank and dollar/won spot, forward, and swap trades within South Korea. As an added bonus, these RFIs will even have the ability to offer won forwards to their offshore customers and conveniently clear them with approved local brokers. This opportunity has banks racing against the clock to be a part of the action.

Exciting news for international banks! The doors of South Korea's onshore foreign exchange market are swinging open, and banks are hurrying to secure their spots. The Bank of Korea is introducing a scheme that will allow offshore banks to trade in this market as registered financial institutions. From the first day of the new year, banks that become designated RFIs can engage in deliverable interbank and dollar/won spot, forward, and swap trades within South Korea. As an added bonus, these RFIs will even have the ability to offer won forwards to their offshore customers and conveniently clear them with approved local brokers. This opportunity has banks racing against the clock to be a part of the action.