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The UK Financial Conduct Authority has issued a warning about Investing ib, stating the firm is not authorised and may be targeting people in the UK. Consumers dealing with this firm are unlikely to have access to regulatory protections or compensation schemes.
Spotware Systems has signed a technology agreement with prop trading firm FundingRock to use cTrader as the platform for FundingRock’s simulated evaluation programs. The deal integrates FundingRock’s challenges into the cTrader ecosystem and Store, amid broader shifts in the prop trading platform landscape.
ASIC has banned former ISG Financial Services director Benjamin Godfrey from providing or being involved in financial services for 10 years. The action follows findings that he failed to comply with financial services laws and is not a fit and proper person to provide financial services.
ASIC reports a sharp rise in the removal of phishing and investment scam websites and warns that artificial intelligence is intensifying online scam risks. The regulator highlights growing use of AI-powered social media ads and urges consumers to verify licences before sharing personal information.
