Mindblown: a blog about philosophy.
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American Express names Sharon Chew VP & General Manager of Global Merchant Services Asia
American Express announced the appointment of Sharon Chew as the Vice President & General Manager of Global Merchant Services Asia. In her new role, Ms Chew will be responsible for all aspects of card acceptance, including payments processing, client management, merchant partnerships and the development of new payment technology to drive merchant acceptance for American…
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Clive Harrison retires as Chairman of Fiske
Fiske plc announces Board changes.Clive Harrison has retired as Chairman and as a director of the company as of the conclusion of the AGM today. Tony Pattison, currently a director of the Company, has stepped into the role of Chairman of Fiske plc. Clive Harrison founded Fiske & Co in 1973, having started his career…
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MAS strengthens regulatory measures for digital payment token services
The Monetary Authority of Singapore (MAS) today published its final tranche of responses to feedback received on its proposed regulations for Digital Payment Token (DPT) service providers in Singapore. The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm. It also stipulates minimum technology and cyber risk management requirements for…
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HK regulator commences legal proceedings against AMTD Global Markets Limited
Hong Kong’s Securities and Futures Commission (SFC) has commenced legal proceedings asking the Court of First Instance to inquire into the circumstances of non-compliance by AMTD Global Markets Limited (AMTD, currently known as orientiert XYZ Securities Limited) and its former executives with the SFC’s notices in initial public offerings (IPOs)-related investigations. The SFC’s investigations related…
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eToro launches XtremeWeather portfolio
Online broker eToro has launched XtremeWeather, a new portfolio providing retail investors with exposure to companies best-positioned to prosper due to increasingly frequent and severe extreme weather events. The XtremeWeather portfolio comprises 30 stocks from key industries such as renewable electricity, industrial machinery, supplies and components, fertilizers and agricultural chemicals, retail home improvement, electrical components…
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ZA Bank receives regulatory approval to prepare for US stock trading service launch
Hong Kong virtual bank ZA Bank today announced that the Hong Kong Securities and Futures Commission (SFC) has lifted the previous conditions on the Bank’s licence registration of Type 1 (dealing in securities) regulated activity under which the Bank shall only carry on business of dealing in collective investment schemes. The Bank plans to roll…
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FTC files proposed order of $1.65bn settlement with Voyager Digital
The Federal Trade Commission (FTC) has moved the New York Southern District Court to enter a proposed Order for Permanent Injunction, Monetary Judgment, and Other Relief against Voyager Digital. The relevant documents were filed with the Court on November 22, 2023. Entry of the Stipulated Order would end the litigation against Voyager Digital, LLC, Voyager…
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AMF fines Alvexo affiliate France Safe Media and manager Lior Mattouk €400K
France financial regulator Autorité des Marchés Financiers (AMF) has announced that its AMF Enforcement Committee has fined a French tied agent of a Cypriot investment services provider and its manager a total of €400,000, for breaches of their professional obligations. In its decision of November 10, 2023, the Enforcement Committee imposed a fine of €300,000…
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