{"id":625874,"date":"2023-04-05T14:49:59","date_gmt":"2023-04-05T19:49:59","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/05\/news-nuggets-5-april-bus-offers-interest-finra-warns-against-phishing\/"},"modified":"2023-04-05T14:49:59","modified_gmt":"2023-04-05T19:49:59","slug":"news-nuggets-5-april-bus-offers-interest-finra-warns-against-phishing","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/05\/news-nuggets-5-april-bus-offers-interest-finra-warns-against-phishing\/","title":{"rendered":"News Nuggets | 5 April: BUS Offers Interest; FINRA Warns against Phishing"},"content":{"rendered":"
\n

CySEC Imposes Restrictions on Ayers Alliance <\/h2>\n

The Cyprus Securities and Exchange Commission (CySEC) has imposed restrictions on Ayers Alliance Finance Group Limited, a Cyprus Investment Firm (CIF)<\/a> that offers asset management and structured investment products and services. The Cypriot financial watchdog announced<\/a> on Wednesday that the CIF has failed to comply at all times with the authorization conditions stated in the country\u2019s investment services law. <\/p>\n

As a result, CySEC has ordered Ayers Alliance to cease within six months the practice of cooperating \u201cwith third parties who are not established in a jurisdiction where the safekeeping of financial instruments for the account of another person is subject to specific regulation and supervision,\u201d among other practices. <\/p>\n

The regulator in April last year sanctioned the CIF<\/a> for breaking mandatory staffing requirements for its risk management department. The Cypriot watchdog at the time ordered Ayers Alliance to cease from using personnel without the skills, knowledge and expertise required for the performance of the responsibilities of the Head of the Risk Management Department.<\/p>\n

GTN Acquires FINRA License<\/h2>\n

GTN, a
\nleading fintech company with a long history of making investment and trading
\naccessible to all, has recently achieved an important milestone in its
\nexpansion strategy by obtaining a Financial Industry Regulatory Authority
\n(FINRA) license. This significant step allows GTN to offer trading and
\ninvestment solutions to a wider variety of clients, including brokers, banks,
\nasset managers, and fintech firms.<\/p>\n

The newly
\nacquired FINRA license enables GTN’s clients to take advantage of direct market access and investment opportunities easily. This achievement is crucial for GTN
\nin realizing its goal of democratizing access to investment and trading
\nopportunities for everyone, regardless of location. GTN’s innovative B2B and
\nB2B2C business model focuses on collaboration with its clients, providing the
\nnecessary resources and support to help them succeed in the rapidly evolving,
\ntechnology-driven industry.<\/p>\n

Equinix Expands in
\nMontreal<\/h2>\n

Equinix,
\nInc. (Nasdaq: EQIX<\/a>), the digital infrastructure company, has announced plans to
\nestablish a new state-of-the-art International Business Exchange (IBX) data
\ncenter in Montreal. The facility is slated to open in the latter half of 2023.
\nEquinix wants to use the fact, that Montreal solidifies its status as a global
\nleader in industries such as Visual Effects (VFX), gaming, financial services,
\nand aerospace.<\/p>\n

The new
\ndata center, dubbed MT2, will enhance Equinix’s presence in Montreal and
\nfurther the company’s commitment to delivering the full value of Platform
\nEquinix\u00ae and its suite of solutions to Canadian businesses. Montreal serves as
\na crucial economic center both in Canada and worldwide, and it boasts a vibrant
\ninnovation hub with one of the country’s largest concentrations of technology
\nworkforces.<\/p>\n

From XTB
\nand Infinox to Exinity<\/h2>\n
\n

\"Tiago<\/p>

\n

Tiago da Costa Cardoso<\/p>\n<\/figcaption><\/figure>\n

Ex-Infinox
\nHead of Business Development and Partners, Tiago da Costa Cardoso, informed on
\nWednesday that he is moving to Exinity, where he will serve as the Senior Vice
\nPresident in the Strategic Business Development department.<\/p>\n

\u201cI\u2019m happy
\nto announce that I started my new role as Senior Vice President – Strategic
\nBusiness Development at Exinity. Under the motto \u201cFreedom to Succeed,\u201d our goal
\nis to consolidate our position as one of the biggest brokers in the world,\u201d da
\nCosta Cardoso wrote on his LinkedIn page.<\/p>\n

Before
\njoining Infinox and Exinity, he worked for seven years n X-Trade Brokers in
\nLisboa as Account Manager and as a Team Leader.<\/p>\n

FCA Starts Criminal Proceedings
\nAgainst Four Individuals<\/h2>\n

The FCA<\/a>has
\ninitiated criminal proceedings against four individuals for alleged conspiracy
\nto commit fraud and engaging in regulated activity without authorization.
\nAdditionally, two of these individuals face charges for money laundering, while
\none is charged with possessing false identity documents and offenses related to
\nperverting the course of justice.<\/p>\n

The FCA
\nclaims that between February 2017 and June 2019, Raymondip Bedi, Patrick
\nMavanga, Nicholas Harper, and Rowena Bedi allegedly defrauded investors of
\naround \u00a31.4 million through fraudulent investment schemes. The schemes in
\nquestion were associated with Astaria Group LLP, CCX Capital and unauthorized
\nclones of Ian Buckley Financial Services and Capital Partner(s) Group.<\/p>\n

BUX Offers 2.01% Interest on Cash<\/h2>\n

Amsterdam-based BUX <\/a>is now offering a 2.01 percent interest to the uninvested cash deposits of all BUX Zero customers. The move came following the recent ECB rate hikes.<\/p>\n

Though there is a time restriction to the interest rate, it will be offered only to cash balances up to \u20ac25,000.<\/p>\n

“With increasing interest rates, people are more and more looking to earn a return on their cash. Whereas no other Dutch brokerage firm offers such an attractive interest rate, at BUX we believe in building up wealth for the future in any way,” said the CEO of BUX, Yorick Naeff.<\/p>\n

Swiss Regulator Wants More Power<\/h2>\n
\n

\"finma_logo\"<\/p>\n<\/figure>\n

Switzerland\u2019s financial regulator FINMA <\/a>seeks the authority over the country financial services industry, as it wants to penalise and name and shame banks that break the rules. This came following tensions with Credit Suisse<\/a>, which led to its hasty acquisition by rival UBS.<\/p>\n

“Our instruments hit their limits in extreme cases as seen in the case of Credit Suisse,” Marlene Amstad, FINMA’s President, told journalists. “FINMA has no power to fine… It\u2019s an exception when compared with other regulators.”<\/p>\n

She is seeking a change in the closed-door investigation and actions of regulators against banks in case of any non-compliance for maintaining stability. However, if the Swiss government is thinking along the same line, it is not known.<\/p>\n

FINRA Warns against Phishing<\/h2>\n

United States’ FINRA issued a warning against rampant phishing attempts, targeting member firms. Impersonators of FINRA are sending emails to FINRA members, luring them to click on phishing links.<\/p>\n

\n

\"finra\"<\/p>\n<\/figure>\n

“This notification is to warn member firms of an ongoing phishing campaign that involves fraudulent emails purporting to be from FINRA and using the domain names ‘@finrarps.org’ or ‘@finrarps.net’. The domains of ‘finrarps.org’ and ‘finrarps.net’ are not connected to FINRA, and firms should delete all emails originating from these domains,” FINRA stated.<\/p>\n

“Member firms should be aware that they may receive similar phishing emails from other domain names in addition to those identified in this Alert.”<\/p>\n

Eventus Onboards Regulatory Director<\/h2>\n

Eventus<\/a>, a provider of multi-asset class trade surveillance and market risk solutions, announced the appointment of Jonathan Dixon as the Director of Regulatory Affairs, EMEA & MENA. He brings 18 years of experience to the role and most recently served as Kraken\u2019s Head of Trade Surveillance.<\/p>\n

\n

\"Jonathan<\/p>

\n

Jonathan Dixon, Director of Regulatory Affairs (EMEA), Eventus<\/p>\n<\/figcaption><\/figure>\n

Based in London, his new role will require him to work closely with clients and industry bodies to improve regulatory effectiveness.<\/p>\n

PostFinance Taps Sygnum Bank for Crypto Offerings<\/h2>\n

Swiss lender PostFinance has partnered with Sygnum<\/a>, a digital asset bank, for offering its customers a range of regulated cryptocurrency services. These will be provided via Sygnum’s B2B banking platform.<\/p>\n

\n

\"Philipp<\/p>

\n

Philipp Merkt, Chief Investment Officer of PostFinance.<\/p>\n<\/figcaption><\/figure>\n

“Digital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank,” said Philipp Merkt, the Chief Investment Officer of PostFinance.<\/p>\n

Sygnum’s Chief B2B Officer, Fritz Jost, added: “Our all-in-one B2B banking platform enables our fifteen-plus B2B partner banks to expand their range of regulated digital asset services at scale and speed. We are pleased to empower PostFinance to deliver institutional-grade digital asset services to their customers.”<\/p>\n<\/div>\n

\n

CySEC Imposes Restrictions on Ayers Alliance <\/h2>\n

The Cyprus Securities and Exchange Commission (CySEC) has imposed restrictions on Ayers Alliance Finance Group Limited, a Cyprus Investment Firm (CIF)<\/a> that offers asset management and structured investment products and services. The Cypriot financial watchdog announced<\/a> on Wednesday that the CIF has failed to comply at all times with the authorization conditions stated in the country\u2019s investment services law. <\/p>\n

As a result, CySEC has ordered Ayers Alliance to cease within six months the practice of cooperating \u201cwith third parties who are not established in a jurisdiction where the safekeeping of financial instruments for the account of another person is subject to specific regulation and supervision,\u201d among other practices. <\/p>\n

The regulator in April last year sanctioned the CIF<\/a> for breaking mandatory staffing requirements for its risk management department. The Cypriot watchdog at the time ordered Ayers Alliance to cease from using personnel without the skills, knowledge and expertise required for the performance of the responsibilities of the Head of the Risk Management Department.<\/p>\n

GTN Acquires FINRA License<\/h2>\n

GTN, a
\nleading fintech company with a long history of making investment and trading
\naccessible to all, has recently achieved an important milestone in its
\nexpansion strategy by obtaining a Financial Industry Regulatory Authority
\n(FINRA) license. This significant step allows GTN to offer trading and
\ninvestment solutions to a wider variety of clients, including brokers, banks,
\nasset managers, and fintech firms.<\/p>\n

The newly
\nacquired FINRA license enables GTN’s clients to take advantage of direct market access and investment opportunities easily. This achievement is crucial for GTN
\nin realizing its goal of democratizing access to investment and trading
\nopportunities for everyone, regardless of location. GTN’s innovative B2B and
\nB2B2C business model focuses on collaboration with its clients, providing the
\nnecessary resources and support to help them succeed in the rapidly evolving,
\ntechnology-driven industry.<\/p>\n

Equinix Expands in
\nMontreal<\/h2>\n

Equinix,
\nInc. (Nasdaq: EQIX<\/a>), the digital infrastructure company, has announced plans to
\nestablish a new state-of-the-art International Business Exchange (IBX) data
\ncenter in Montreal. The facility is slated to open in the latter half of 2023.
\nEquinix wants to use the fact, that Montreal solidifies its status as a global
\nleader in industries such as Visual Effects (VFX), gaming, financial services,
\nand aerospace.<\/p>\n

The new
\ndata center, dubbed MT2, will enhance Equinix’s presence in Montreal and
\nfurther the company’s commitment to delivering the full value of Platform
\nEquinix\u00ae and its suite of solutions to Canadian businesses. Montreal serves as
\na crucial economic center both in Canada and worldwide, and it boasts a vibrant
\ninnovation hub with one of the country’s largest concentrations of technology
\nworkforces.<\/p>\n

From XTB
\nand Infinox to Exinity<\/h2>\n
\n

\"Tiago<\/p>

\n

Tiago da Costa Cardoso<\/p>\n<\/figcaption><\/figure>\n

Ex-Infinox
\nHead of Business Development and Partners, Tiago da Costa Cardoso, informed on
\nWednesday that he is moving to Exinity, where he will serve as the Senior Vice
\nPresident in the Strategic Business Development department.<\/p>\n

\u201cI\u2019m happy
\nto announce that I started my new role as Senior Vice President – Strategic
\nBusiness Development at Exinity. Under the motto \u201cFreedom to Succeed,\u201d our goal
\nis to consolidate our position as one of the biggest brokers in the world,\u201d da
\nCosta Cardoso wrote on his LinkedIn page.<\/p>\n

Before
\njoining Infinox and Exinity, he worked for seven years n X-Trade Brokers in
\nLisboa as Account Manager and as a Team Leader.<\/p>\n

FCA Starts Criminal Proceedings
\nAgainst Four Individuals<\/h2>\n

The FCA<\/a>has
\ninitiated criminal proceedings against four individuals for alleged conspiracy
\nto commit fraud and engaging in regulated activity without authorization.
\nAdditionally, two of these individuals face charges for money laundering, while
\none is charged with possessing false identity documents and offenses related to
\nperverting the course of justice.<\/p>\n

The FCA
\nclaims that between February 2017 and June 2019, Raymondip Bedi, Patrick
\nMavanga, Nicholas Harper, and Rowena Bedi allegedly defrauded investors of
\naround \u00a31.4 million through fraudulent investment schemes. The schemes in
\nquestion were associated with Astaria Group LLP, CCX Capital and unauthorized
\nclones of Ian Buckley Financial Services and Capital Partner(s) Group.<\/p>\n

BUX Offers 2.01% Interest on Cash<\/h2>\n

Amsterdam-based BUX <\/a>is now offering a 2.01 percent interest to the uninvested cash deposits of all BUX Zero customers. The move came following the recent ECB rate hikes.<\/p>\n

Though there is a time restriction to the interest rate, it will be offered only to cash balances up to \u20ac25,000.<\/p>\n

“With increasing interest rates, people are more and more looking to earn a return on their cash. Whereas no other Dutch brokerage firm offers such an attractive interest rate, at BUX we believe in building up wealth for the future in any way,” said the CEO of BUX, Yorick Naeff.<\/p>\n

Swiss Regulator Wants More Power<\/h2>\n
\n

\"finma_logo\"<\/p>\n<\/figure>\n

Switzerland\u2019s financial regulator FINMA <\/a>seeks the authority over the country financial services industry, as it wants to penalise and name and shame banks that break the rules. This came following tensions with Credit Suisse<\/a>, which led to its hasty acquisition by rival UBS.<\/p>\n

“Our instruments hit their limits in extreme cases as seen in the case of Credit Suisse,” Marlene Amstad, FINMA’s President, told journalists. “FINMA has no power to fine… It\u2019s an exception when compared with other regulators.”<\/p>\n

She is seeking a change in the closed-door investigation and actions of regulators against banks in case of any non-compliance for maintaining stability. However, if the Swiss government is thinking along the same line, it is not known.<\/p>\n

FINRA Warns against Phishing<\/h2>\n

United States’ FINRA issued a warning against rampant phishing attempts, targeting member firms. Impersonators of FINRA are sending emails to FINRA members, luring them to click on phishing links.<\/p>\n

\n

\"finra\"<\/p>\n<\/figure>\n

“This notification is to warn member firms of an ongoing phishing campaign that involves fraudulent emails purporting to be from FINRA and using the domain names ‘@finrarps.org’ or ‘@finrarps.net’. The domains of ‘finrarps.org’ and ‘finrarps.net’ are not connected to FINRA, and firms should delete all emails originating from these domains,” FINRA stated.<\/p>\n

“Member firms should be aware that they may receive similar phishing emails from other domain names in addition to those identified in this Alert.”<\/p>\n

Eventus Onboards Regulatory Director<\/h2>\n

Eventus<\/a>, a provider of multi-asset class trade surveillance and market risk solutions, announced the appointment of Jonathan Dixon as the Director of Regulatory Affairs, EMEA & MENA. He brings 18 years of experience to the role and most recently served as Kraken\u2019s Head of Trade Surveillance.<\/p>\n

\n

\"Jonathan<\/p>

\n

Jonathan Dixon, Director of Regulatory Affairs (EMEA), Eventus<\/p>\n<\/figcaption><\/figure>\n

Based in London, his new role will require him to work closely with clients and industry bodies to improve regulatory effectiveness.<\/p>\n

PostFinance Taps Sygnum Bank for Crypto Offerings<\/h2>\n

Swiss lender PostFinance has partnered with Sygnum<\/a>, a digital asset bank, for offering its customers a range of regulated cryptocurrency services. These will be provided via Sygnum’s B2B banking platform.<\/p>\n

\n

\"Philipp<\/p>

\n

Philipp Merkt, Chief Investment Officer of PostFinance.<\/p>\n<\/figcaption><\/figure>\n

“Digital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank,” said Philipp Merkt, the Chief Investment Officer of PostFinance.<\/p>\n

Sygnum’s Chief B2B Officer, Fritz Jost, added: “Our all-in-one B2B banking platform enables our fifteen-plus B2B partner banks to expand their range of regulated digital asset services at scale and speed. We are pleased to empower PostFinance to deliver institutional-grade digital asset services to their customers.”<\/p>\n<\/div>\n

Read More<\/a>
\n Finance Magnates Staff<\/p>\n","protected":false},"excerpt":{"rendered":"

CySEC Imposes Restrictions on Ayers Alliance The Cyprus Securities and Exchange Commission (CySEC) has imposed restrictions on Ayers Alliance Finance Group Limited, a Cyprus Investment Firm (CIF) that offers asset management and structured investment products and services. The Cypriot financial watchdog announced on Wednesday that the CIF has failed to comply at all times with<\/p>\n","protected":false},"author":1,"featured_media":625875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33248,25794],"tags":[],"class_list":{"0":"post-625874","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-april","8":"category-nuggets"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/625874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=625874"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/625874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/625875"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=625874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=625874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=625874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}