SINET Calls for Investigation of Alleged $2.4bn Forex Fraud
Social Integrity Network (SINET) urges a full investigation into the CBN governor's claims of a $2.4B FX scandal, emphasizing its potential impact on Nigeria's economy and global financial reputation.
Webull Expanded Partnership with TradingView
Webull, a regulated broker, has added more brokers to the popular charting platform, Trading View just under a month after adding TradingView's analytical capabilities.
Funding Pips Announces New Platforms After MetaQuotes Exit
Funding Pips adapts to MetaQuotes' US exit by launching new trading platforms like Match-Trader, cTrader, ensuring traders' freedom of choice.
FCA UK Unravels Guy Flintham's £19 Million Investment Fraud
FCA UK exposes Guy Flintham's £19M Ponzi scheme affecting 240 investors, highlighting the need for stronger regulatory oversight and investor protection.
Hong Kong Regulator warns against a suspicious website
The Hong Kong Financial Regulator Securities and Futures Commission (SFC) warned about a suspicious website with the URL https://1180235.com. The Authority stated the website is not associated with BG Securities (HK) Co. Limited which is an SFC-licensed corporation. SFC said Suspicious website operators often use names similar to legitimate companies to confuse investors.
Malaysian Authorities Bust Forex Fraud Ring Targeting Europeans
Malaysian police busted an international online investment fraud ring targeting Europeans, arresting 49 across diverse nationalities, highlighting cyber vigilance.
VanEck Faces $1.75M SEC Fine over Hidden ETF Influencer
The SEC charges VanEck for concealing a social media influencer's role in the VanEck Social Sentiment ETF launch, emphasizing the importance of accurate disclosures; VanEck agrees to a $1.75 million settlement.
Prop Firm Dramas Continue Again...
Prop firm dramas persist as Eightcap's CEO clarifies ties with such firms amidst MetaQuotes' policy changes, while The5ers adjusts its approach to US traders.
ASIC cancelled AFS license of Valorton Capital Pty Ltd
Australian Securities & Investments Commission (ASIC) canceled the Australian financial services (AFS) license of Valorton Capital Pty Ltd (Valorton) on 19 Feb 2024.
Beware Malaysians! Love Scam Trends on the Rise!
A surge in love scams is occurring in Malaysia, involving 69 investigations and resulting in RM1.8 million in losses.
Santander Announces €1.46B Buyback & Dividend Hike
Santander unveils a substantial €1.46B share buyback scheme and dividend hike. Discover how these strategic moves aim to fortify investor trust and drive shareholder value.
Warning! Hankotrade asked customers to transfer their funds to Fyntura
In 2023, Hankotrade found itself under the spotlight when WikiFX uncovered damning evidence against the company. Accusations of scamming and deceit were levied against Hankotrade, leaving many traders in a state of uncertainty and mistrust.
Alert: Avoid Fake CGI Trading Investment Scams
The Commission warns of scams by fake CGI entities promising high ROI on Telegram. Urges the public to verify firms & avoid investment traps. Legal actions highlighted.
Don't be a victim of these clones
Recently, the UK's Financial Conduct Authority (FCA) exposed two clone firms called Sigma Brokers and eastmidlandfinservicesltd.co.uk which use details of a legitimate firm and dupes people's money.
Former Goldman Analyst Mohammed Zina Jailed for Trading Fraud
Ex-Goldman analyst Mohammed Zina was convicted for insider trading & fraud, netting over £140,000. A warning signal for unethical practices in the financial industry.
Why are more Nigerians Turning to Crypto trading?
The rising interest in crypto trading among Nigerians is a multifaceted phenomenon driven by economic factors, accessibility, international transactions, financial sovereignty, education, and regulatory advancements.
The Benefits and Risks of Forex Trading in Nigeria - What You Need to Know Before You Start
Forex trading in Nigeria offers numerous benefits, including accessibility, liquidity, and diversification opportunities. However, it also carries significant risks, including volatility, lack of regulation, and the potential for high losses.
JPMorgan Agrees to $350 Million Penalty for Incomplete Trade Reporting
JPMorgan pays a $350M fine for trade reporting lapses, highlighting the critical need for transparency and accuracy in the financial sector's operations.
WITH OIL EARNINGS EXPECTED TO CLIMB, FOREIGN EXCHANGE RESERVES JUMP TO $33.2B.
Nigeria has increased its foreign exchange reserves to $33.25 billion due to expectations that the government will outperform its forecasts for crude oil earnings.
US APPLAUDS NIGERIA'S REMOVAL OF PETROLEUM SUBSIDIES AND UNIFICATION OF FINANCE MARKET
President Bola Ahmed Tinubu's economic policies have been praised by the US, which calls for daring reforms.