Broker News | FX Ponzi Scheme Deceived 1,500 Individuals with False Promise of 325% Returns

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Broker News | FX Ponzi Scheme Deceived 1,500 Individuals with False Promise of 325% Returns

#Industry
01 Wyoming-Based Invest Inc. Launches New AI Tool for Retail Investors

The fintech firm is also issuing common shares worth $18 million.
Invest plans to offer market insights through the new platform.

02 The Post-SVG options for Startup Brokers: Jurisdictions and Forex Licences
What are options for choosing the best jurisdiction for a forex broker to operate in?

03 Analysis: Despite Lower Activity, Retail FX and CFD Deposits Grew in April
The average number of transactions declined.
The record value of NET deposits was registered.

04 FX Ponzi Scheme Deceived 1,500 Individuals with False Promise of 325% Returns
About $70 million was used for Ponzi-lile payments.
The scheme primarily targeted Haitian-Americans.

 

#Broker

01 Saxo Bank Sells Stake in RegTech Firm to Majority Owner Geely Group

The sale will decrease Geely Holding Group's ownership claim to 49.88%.
Saxo recently hit over $100 billion in client assets and more than 1M in customers.

02 Scope Markets Re-enters China Following Acquisition by Rostro Group
What are options for choosing the best jurisdiction for a forex broker to operate in?

03 AvaTrade's Veteran Joins GKFX; Nasdaq Welcomes 60 IPOs
Also, the CFTC fines crypto scammer; Ledger presents Ledger Enterprise TradeLink.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.

04 New Zealand’s FMA Orders Tiger Brokers to Pay $900k for AML/CFT Breaches
The Australian court has fined Tiger Brokers for breaching the AML and CFT law.
The case concerns violations between 2019 and 2020.

 

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