FCA bars Cypriot firms that used unauthorised celebrity endorsements
FCA News, 1 June 2020
Hoch Capital Ltd (trading as iTrader and tradeATF), Magnum FX (Cyprus) Ltd (trading as ET Finance), Rodeler Ltd (trading as 24option) and F1Markets Ltd (trading as Investous, StrattonMarkets and Europrime) used social media and webpages carrying fake endorsements from celebrities to entice consumers into the scams involving CFDs.
The FCA has taken action to stop four Cypriot investment firms from continuing to offer high risk contracts for difference (CFDs) to UK investors.
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Hong Kong Exchange plans suite of new exchange-traded products
Straits Times, 1 June 2020
Hong Kong's stock exchange is looking at introducing a suite of new exchange-traded products (ETPs) after rolling out an initiative to tighten trading spreads and enhancing liquidity in the US$38 billion market.
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