Industry

The Securities and Exchange Commission (SEC) has approved new rules and changes aimed at safeguarding investors and improving transparency in the initial public offerings (IPOs) of special purpose acquisition companies (SPACs) and subsequent business mergers between SPACs and target companies (known as de-SPAC transactions). SPAC IPOs and de-SPAC transactions are commonly used by private companies seeking to go public. Recognizing the complexity of these transactions, the SEC is focused on bolstering investor protection by ensuring sufficient disclosure and responsible use of financial projections. These rules also address concerns about investor protection in relation to shell companies and blank check companies, including SPACs.

The Securities and Exchange Commission (SEC) has approved new rules and changes aimed at safeguarding investors and improving transparency in the initial public offerings (IPOs) of special purpose acquisition companies (SPACs) and subsequent business mergers between SPACs and target companies (known as de-SPAC transactions). SPAC IPOs and de-SPAC transactions are commonly used by private companies seeking to go public. Recognizing the complexity of these transactions, the SEC is focused on bolstering investor protection by ensuring sufficient disclosure and responsible use of financial projections. These rules also address concerns about investor protection in relation to shell companies and blank check companies, including SPACs.

Registered in Mauritius，Kodin Capital Markets is an online forex broker offering various market instruments, including Forex, spot Metals, cryptocurrencies, spot indices, commodities, futures, etc. However, WikiFX has given this broker a low score of 1.22/10. According to what we know so far, this broker is not regulated by any regulatory institution. This is a red flag, we advise traders to be careful about this issue. Kodin Capital Markets offers the popular MetaTrader 5, which is available for automated trading and EA trading, helping traders of all levels to develop different trading strategies and help traders get ahead in the financial markets.

Registered in Mauritius，Kodin Capital Markets is an online forex broker offering various market instruments, including Forex, spot Metals, cryptocurrencies, spot indices, commodities, futures, etc. However, WikiFX has given this broker a low score of 1.22/10. According to what we know so far, this broker is not regulated by any regulatory institution. This is a red flag, we advise traders to be careful about this issue. Kodin Capital Markets offers the popular MetaTrader 5, which is available for automated trading and EA trading, helping traders of all levels to develop different trading strategies and help traders get ahead in the financial markets.

“One day, a random person called and convinced me to invest money with TCM Globals.” A complainant said. She Complaint against TCM Globals on WikiFX on January 20, 2024. “After some days, I invested 5,000 USD with the broker on November 16, 2023. The representative gave me signal for 25 days. I got my withdrawal of 300 USD for the first time after investing. After this, I didn't receive any withdrawals.” Victim added. According to the complainant, “I tried to contact the customer support of the broker. Customer support is sending me emails stating that we will contact you shortly. But I didn't get any kind of help/ call from them. It's been one month now. Now, they have blocked my account. That representative is still on my contact, he asked me to wait”. She attached screenshots with her complaint.

“One day, a random person called and convinced me to invest money with TCM Globals.” A complainant said. She Complaint against TCM Globals on WikiFX on January 20, 2024. “After some days, I invested 5,000 USD with the broker on November 16, 2023. The representative gave me signal for 25 days. I got my withdrawal of 300 USD for the first time after investing. After this, I didn't receive any withdrawals.” Victim added. According to the complainant, “I tried to contact the customer support of the broker. Customer support is sending me emails stating that we will contact you shortly. But I didn't get any kind of help/ call from them. It's been one month now. Now, they have blocked my account. That representative is still on my contact, he asked me to wait”. She attached screenshots with her complaint.

The Financial Sector Conduct Authority (FSCA), a key player in overseeing financial operations in South Africa, has recently issued a critical warning to the public. This alert concerns individuals who are falsely claiming to represent legitimate financial service providers, namely Rich Ideas Group (Pty) Ltd, International Capital Markets (Pty) Ltd, and Scope Markets SA (Pty) Ltd. The FSCA emphasizes the importance of being vigilant against such deceptive activities. In a concerning development, the FSCA has identified an entity referred to as “Wealthfront” and several individuals - Mr. Franz Wastl, Mr. David Daniel Venter, Mr. Roelof Johannes Riekert, along with individuals known as “George” and “Helena” - as the main culprits of this deception. These parties have been actively engaging with potential victims through popular social media platforms like WhatsApp and Facebook, presenting themselves as affiliates of the aforementioned financial services providers.

The Financial Sector Conduct Authority (FSCA), a key player in overseeing financial operations in South Africa, has recently issued a critical warning to the public. This alert concerns individuals who are falsely claiming to represent legitimate financial service providers, namely Rich Ideas Group (Pty) Ltd, International Capital Markets (Pty) Ltd, and Scope Markets SA (Pty) Ltd. The FSCA emphasizes the importance of being vigilant against such deceptive activities. In a concerning development, the FSCA has identified an entity referred to as “Wealthfront” and several individuals - Mr. Franz Wastl, Mr. David Daniel Venter, Mr. Roelof Johannes Riekert, along with individuals known as “George” and “Helena” - as the main culprits of this deception. These parties have been actively engaging with potential victims through popular social media platforms like WhatsApp and Facebook, presenting themselves as affiliates of the aforementioned financial services providers.

The Securities and Futures Commission (SFC) has just unveiled its Strategic Priorities for 2024-2026. This document lays out the SFC's plans for strengthening Hong Kong's securities markets, managing risks, and safeguarding investors. Understanding the ever-changing global landscape and the impact of technological advancements, the SFC is fully committed to fostering market development while ensuring the integrity and excellence of Hong Kong's markets. Over the next three years, the SFC has set several key goals. First and foremost, they aim to maintain market resilience and prevent any significant harm to our markets. Additionally, they strive to boost the global competitiveness and attractiveness of Hong Kong's capital markets. Moreover, the SFC is dedicated to driving financial market transformation by embracing technology and environmental, social, and governance (ESG) principles. Lastly, they plan to enhance institutional resilience and operational efficiency. By pursuing these objectives, the SFC aims to create a vibrant and secure financial environment in Hong Kong that meets the needs of investors and promotes sustainable growth.

The Securities and Futures Commission (SFC) has just unveiled its Strategic Priorities for 2024-2026. This document lays out the SFC's plans for strengthening Hong Kong's securities markets, managing risks, and safeguarding investors. Understanding the ever-changing global landscape and the impact of technological advancements, the SFC is fully committed to fostering market development while ensuring the integrity and excellence of Hong Kong's markets. Over the next three years, the SFC has set several key goals. First and foremost, they aim to maintain market resilience and prevent any significant harm to our markets. Additionally, they strive to boost the global competitiveness and attractiveness of Hong Kong's capital markets. Moreover, the SFC is dedicated to driving financial market transformation by embracing technology and environmental, social, and governance (ESG) principles. Lastly, they plan to enhance institutional resilience and operational efficiency. By pursuing these objectives, the SFC aims to create a vibrant and secure financial environment in Hong Kong that meets the needs of investors and promotes sustainable growth.

The Canadian Securities Administrators (CSA) has released a new set of regulatory requirements for public investment funds interested in investing in crypto assets. The aim is to adapt the existing regulatory framework to adequately address the unique risks associated with crypto assets. The proposed changes aim to customize the requirements for public investment funds venturing into crypto assets, ultimately safeguarding investors and reducing risks. These amendments include restrictions on investing in crypto assets and the introduction of custodial obligations. The comment period concludes on April 17, 2024.

The Canadian Securities Administrators (CSA) has released a new set of regulatory requirements for public investment funds interested in investing in crypto assets. The aim is to adapt the existing regulatory framework to adequately address the unique risks associated with crypto assets. The proposed changes aim to customize the requirements for public investment funds venturing into crypto assets, ultimately safeguarding investors and reducing risks. These amendments include restrictions on investing in crypto assets and the introduction of custodial obligations. The comment period concludes on April 17, 2024.

Brokers become so advanced that they act like real ones. Consumers can't spot the difference between legitimate and fake brokers in this advanced era. Though financial regulators all over the world, are working hard to protect consumers. On January 21, 2024, Canadas Financial Regulator, the Canadian Securities Administrators, issued a warning against a firm called OneFxGroup. The authority stated that OneFxGroup (onefxgroup.com) is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.

Brokers become so advanced that they act like real ones. Consumers can't spot the difference between legitimate and fake brokers in this advanced era. Though financial regulators all over the world, are working hard to protect consumers. On January 21, 2024, Canadas Financial Regulator, the Canadian Securities Administrators, issued a warning against a firm called OneFxGroup. The authority stated that OneFxGroup (onefxgroup.com) is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.

ASIC is seeking to update the legislative instruments for managed investment schemes. These class orders are set to expire on 1 April 2024, so they are proposing to remake them. Your opinion will be valued and you are invited to share your feedback on the proposal.

ASIC is seeking to update the legislative instruments for managed investment schemes. These class orders are set to expire on 1 April 2024, so they are proposing to remake them. Your opinion will be valued and you are invited to share your feedback on the proposal.

A user of FxPrime Markets reported against the broker on January 10, 2024, on WikiFX regarding what the fraudulent broker did with the user. The complainant said in his complaint that he invested a hefty amount with the broker two months ago. “At the time of withdrawal, I am facing an issue. The sales executive is not responding, nor is the customer support of the broker helping.” “When I tried to contact the sales executive repeatedly out of anger and patience, he blocked my number.” Complainant added.

A user of FxPrime Markets reported against the broker on January 10, 2024, on WikiFX regarding what the fraudulent broker did with the user. The complainant said in his complaint that he invested a hefty amount with the broker two months ago. “At the time of withdrawal, I am facing an issue. The sales executive is not responding, nor is the customer support of the broker helping.” “When I tried to contact the sales executive repeatedly out of anger and patience, he blocked my number.” Complainant added.

The UK Financial Conduct Authority (FCA) has issued a stern warning regarding the proliferation of fraudulent entities masquerading as Finalto, a legitimate financial services provider. This alarming trend has prompted the FCA to caution the public about the potential risks associated with engaging with these deceptive clone firms. These fraudulent actors employ a cunning strategy by replicating the details and information of companies that have been duly authorized by the FCA. They aim to deceive unsuspecting individuals into believing that they are dealing with a legitimate and approved financial institution. The FCA terms these deceitful entities as “clone firms.” Here are the pertinent details of the clone firm: - Name: Finaltos (Clone of FCA Authorised Firm) - Telephone: 02034558741, 02034558766 - Email: onboarding@finaltos.com, chauncey.boreham@finaltos.com

The UK Financial Conduct Authority (FCA) has issued a stern warning regarding the proliferation of fraudulent entities masquerading as Finalto, a legitimate financial services provider. This alarming trend has prompted the FCA to caution the public about the potential risks associated with engaging with these deceptive clone firms. These fraudulent actors employ a cunning strategy by replicating the details and information of companies that have been duly authorized by the FCA. They aim to deceive unsuspecting individuals into believing that they are dealing with a legitimate and approved financial institution. The FCA terms these deceitful entities as “clone firms.” Here are the pertinent details of the clone firm: - Name: Finaltos (Clone of FCA Authorised Firm) - Telephone: 02034558741, 02034558766 - Email: onboarding@finaltos.com, chauncey.boreham@finaltos.com

OBV Global Markets Ltd., commonly known as OBV Markets, is a brokerage firm with its headquarters and registration based in Saint Lucia. The choice of such jurisdictions by numerous scammers is not arbitrary; rather, it stems from the fact that the local financial authority lacks oversight over forex brokers and does not regulate their operations. This absence of regulatory measures, coupled with the absence of laws and requirements in the field of forex trading, results in a dearth of transaction reporting obligations. Consequently, companies registered locally often operate without accountability, rendering them unreliable. In contrast to some reputable international brokers that maintain offshore offices, these branches are typically linked to well-established parent companies. This, however, is not the case with OBV Markets, raising a significant concern that demands attention.

OBV Global Markets Ltd., commonly known as OBV Markets, is a brokerage firm with its headquarters and registration based in Saint Lucia. The choice of such jurisdictions by numerous scammers is not arbitrary; rather, it stems from the fact that the local financial authority lacks oversight over forex brokers and does not regulate their operations. This absence of regulatory measures, coupled with the absence of laws and requirements in the field of forex trading, results in a dearth of transaction reporting obligations. Consequently, companies registered locally often operate without accountability, rendering them unreliable. In contrast to some reputable international brokers that maintain offshore offices, these branches are typically linked to well-established parent companies. This, however, is not the case with OBV Markets, raising a significant concern that demands attention.

Ascuex Broker operates as a trading platform, but it's crucial to be aware that it functions without regulatory oversight. This absence of regulation means that Ascuex operates independently, without the supervision and safeguards provided by financial authorities. The headquarters of Ascuex Broker are situated at Fortgate Offshore Investment and Legal Services Ltd., Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. Ascuex Broker has faced several complaints, primarily related to difficulties in withdrawing funds. Additionally, a noteworthy concern is the relatively short existence of the broker's website. It was registered on January 18, 2023, and is scheduled to expire on January 18, 2024. The emergence of negative reviews and complaints within just one year of operation raises valid doubts about the reliability of Ascuex Broker.

Ascuex Broker operates as a trading platform, but it's crucial to be aware that it functions without regulatory oversight. This absence of regulation means that Ascuex operates independently, without the supervision and safeguards provided by financial authorities. The headquarters of Ascuex Broker are situated at Fortgate Offshore Investment and Legal Services Ltd., Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. Ascuex Broker has faced several complaints, primarily related to difficulties in withdrawing funds. Additionally, a noteworthy concern is the relatively short existence of the broker's website. It was registered on January 18, 2023, and is scheduled to expire on January 18, 2024. The emergence of negative reviews and complaints within just one year of operation raises valid doubts about the reliability of Ascuex Broker.

Saxo Bank, a major player in the investment world, has recently made an exciting announcement. They're cutting down their brokerage fees significantly for both US and Australian markets. This change is great news for investors, especially those in Australia, as it makes investing more affordable and straightforward. The new pricing from Saxo Bank is pretty impressive. If you're trading in the US market, the fees have been slashed by up to 87%, which means you could be paying as low as $1 for trading US stocks. For Australian investors trading on the ASX, fees have been reduced by up to 62%, with costs as low as AUD 3.

Saxo Bank, a major player in the investment world, has recently made an exciting announcement. They're cutting down their brokerage fees significantly for both US and Australian markets. This change is great news for investors, especially those in Australia, as it makes investing more affordable and straightforward. The new pricing from Saxo Bank is pretty impressive. If you're trading in the US market, the fees have been slashed by up to 87%, which means you could be paying as low as $1 for trading US stocks. For Australian investors trading on the ASX, fees have been reduced by up to 62%, with costs as low as AUD 3.

The Financial Conduct Authority recently issued a list of fraudulent brokers. The unauthorized firms are: 1. FAST CRYPTO TRADINGS 2. DIGITAL COIN TRADING 3. BANKVIVO /BANK VIVO 4. PLATINUMFOREXTRADE 5. WEALTH PARAMOUNT 6. ITP Corporation / Intelligent Technology Pioneer 7. Corporation / ITP Pro / ITP Club / ITP World / New ITP 8. FINANCE CRYPTO FX 9. BITGROWTH LIMITED 10. BROKERS MARKET 11. PNBBANQUE 12.dowgatewealth-hk.com (Clone of FCA Authorised Firm)

The Financial Conduct Authority recently issued a list of fraudulent brokers. The unauthorized firms are: 1. FAST CRYPTO TRADINGS 2. DIGITAL COIN TRADING 3. BANKVIVO /BANK VIVO 4. PLATINUMFOREXTRADE 5. WEALTH PARAMOUNT 6. ITP Corporation / Intelligent Technology Pioneer 7. Corporation / ITP Pro / ITP Club / ITP World / New ITP 8. FINANCE CRYPTO FX 9. BITGROWTH LIMITED 10. BROKERS MARKET 11. PNBBANQUE 12.dowgatewealth-hk.com (Clone of FCA Authorised Firm)

Last year in November, the FCA released a set of measures to boost the UK's status as a top-notch center for asset management and sustainable investment. Now, they are bringing together a group to help the industry provide guidance to consumers regarding sustainability claims made by various products. The FCA will actively observe this group, with the aim of reporting back on ways to support the advice sector in delivering excellent practices by the second half of 2024. To ensure a diverse range of perspectives, the chair of the group will select its members from both small and large industry participants within the advice sector. Additionally, the group will engage with external stakeholders throughout the process, ensuring a balanced representation of views, including those of consumers.

Last year in November, the FCA released a set of measures to boost the UK's status as a top-notch center for asset management and sustainable investment. Now, they are bringing together a group to help the industry provide guidance to consumers regarding sustainability claims made by various products. The FCA will actively observe this group, with the aim of reporting back on ways to support the advice sector in delivering excellent practices by the second half of 2024. To ensure a diverse range of perspectives, the chair of the group will select its members from both small and large industry participants within the advice sector. Additionally, the group will engage with external stakeholders throughout the process, ensuring a balanced representation of views, including those of consumers.

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Discover the key to unlocking a brighter trading future with our cutting-edge MT4/MT5 solutions and personalized CRM services. We provide you with the tools and support you need to stay ahead in the dynamic world of financial trading. Our MT4/MT5 solutions are designed for traders who demand the best. Enjoy seamless, lightning-fast trading executions, advanced charting, and a range of technical indicators to help you make informed decisions. But that's not all – our tailored CRM services are here to elevate your client relationships. We understand that every business is unique, so we customize our CRM to suit your specific needs. Build stronger connections with your clients, streamline communication, and boost customer satisfaction. With our expertise by your side, you can navigate the complexities of the financial markets with confidence. Join us today and unlock the future of trading success. Your journey begins here

Discover the key to unlocking a brighter trading future with our cutting-edge MT4/MT5 solutions and personalized CRM services. We provide you with the tools and support you need to stay ahead in the dynamic world of financial trading. Our MT4/MT5 solutions are designed for traders who demand the best. Enjoy seamless, lightning-fast trading executions, advanced charting, and a range of technical indicators to help you make informed decisions. But that's not all – our tailored CRM services are here to elevate your client relationships. We understand that every business is unique, so we customize our CRM to suit your specific needs. Build stronger connections with your clients, streamline communication, and boost customer satisfaction. With our expertise by your side, you can navigate the complexities of the financial markets with confidence. Join us today and unlock the future of trading success. Your journey begins here

Phyntex Markets is a trading platform offering diverse account types and a range of tradable assets. Notably, the absence of readily verifiable regulatory information raises concerns about transparency. Phyntex Markets caters to a wide range of trading appetites with its comprehensive instrument selection. Whether you're a currency connoisseur, an index enthusiast, or a commodities aficionado, you'll find something to pique your interest. Phyntex Markets is not a regulated broker as it does not hold a legitimate license from any regulatory authorities.WikiFX has given this broker a low score of 1.09/10.

Phyntex Markets is a trading platform offering diverse account types and a range of tradable assets. Notably, the absence of readily verifiable regulatory information raises concerns about transparency. Phyntex Markets caters to a wide range of trading appetites with its comprehensive instrument selection. Whether you're a currency connoisseur, an index enthusiast, or a commodities aficionado, you'll find something to pique your interest. Phyntex Markets is not a regulated broker as it does not hold a legitimate license from any regulatory authorities.WikiFX has given this broker a low score of 1.09/10.

The Hong Kong Securities and Futures Commission (SFC) has issued a public warning regarding suspicious investment products offered by Eternity Prime Limited, urging caution among potential investors. These products, marketed as “Eternity.inc forex packages”, have not received authorization from the SFC for distribution to the Hong Kong public, raising concerns about potential violations of the Securities and Futures Ordinance (SFO). In a move to protect investors and maintain market integrity, the SFC has taken action by adding these questionable investment products to its Suspicious Investment Products Alert List. The warning comes as part of the SFC's commitment to safeguarding the interests of Hong Kong's financial community and ensuring that only legitimate and regulated investment opportunities are available to the public.

The Hong Kong Securities and Futures Commission (SFC) has issued a public warning regarding suspicious investment products offered by Eternity Prime Limited, urging caution among potential investors. These products, marketed as “Eternity.inc forex packages”, have not received authorization from the SFC for distribution to the Hong Kong public, raising concerns about potential violations of the Securities and Futures Ordinance (SFO). In a move to protect investors and maintain market integrity, the SFC has taken action by adding these questionable investment products to its Suspicious Investment Products Alert List. The warning comes as part of the SFC's commitment to safeguarding the interests of Hong Kong's financial community and ensuring that only legitimate and regulated investment opportunities are available to the public.