News Nuggets | 17 July: LSEG's FX Head of Sales Departs; CNMV Warns Against Illegal Firms

<p>Joshua Cater Joins
Bloomberg</p><p>Experienced
FX professional, Joshua Cater, announced today (Monday) that after nearly five years,
he is leaving the <a href="https://www.financemagnates.com/tag/lseg/" target="_blank" rel="follow">London Stock Exchange Group</a> and joining Bloomberg's eFX
Sales, Electronic Trading FXGO division.
</p><p>
“I’m
happy to share that I’m starting a new position as eFX Sales – Electronic
Trading FXGO at Bloomberg!,” Cater commented on his social media.
</p><p>
He has previously worked at State Street, Western Union Business Solutions, and City
Index, where he held various roles including FX Dealer and Sales Lead in the FX
divisions.</p><p>CNVM Issues New Warnings</p><p>The
National Securities Market Commission (<a href="https://www.financemagnates.com/tag/cnmv/" target="_blank" rel="follow">CNMV</a>) has issued warnings against
several entities, including BRAGA CAPITAL FX LLC, ORIONNXT LTD, SSJTCF,
ENCOUNTER FINANCE LTD, and FCF MARKETS. </p><p>These
institutions are not registered in the CNMV's corresponding registry and are, therefore, not authorized to provide investment services. The warning serves as
a reminder for investors to exercise caution and verify the credibility of
financial entities before investing.</p><p>Webull Expands to ASX
Equities</p><p><a href="https://www.financemagnates.com/tag/webull/" target="_blank" rel="follow">Webull</a>, the
US-based brokerage app, has made its first significant stride into the
Australian market by launching ASX <a href="https://www.financemagnates.com/terms/e/equities/">equities</a> on its platform and being admitted
as an ASX participant. Webull aims to become a serious local competitor. </p><p>The
platform will now feature over 2,000 ASX-listed stocks, ETFs, and hybrid
securities, alongside its existing 15,000+ US stocks and options. This offers
Australian traders more diverse investment options.</p><p>Beware of Wilby
Securities' Fake Shares</p><p>New Zealand
residents are cautioned against engaging with Wilby Securities, an unregistered
company offering pre-IPO shares, notably in ChatGPT. Wilby Securities is not
licensed to provide financial services within New Zealand and has been
implicated in potentially fraudulent activities. </p><p>The
Financial Markets Authority (<a href="https://www.financemagnates.com/tag/FMA/" target="_blank" rel="follow">FMA</a>) advises exercising caution when dealing with
this entity, emphasizing the importance of thorough due diligence in investment
decisions.</p><p>Broadridge International
Appoints New President</p><p>Broadridge
Financial Solutions has announced the appointment of Mike Sleightholme as the
President of <a href="https://www.financemagnates.com/tag/broadridge/" target="_blank" rel="follow">Broadridge International</a>. Based in London, Sleightholme will
oversee customer support and the company's growing technology and data solutions portfolio throughout the EMEA and Asia Pacific regions. </p><p>His
responsibilities will include solutions supporting capital markets trade
lifecycle, global governance and communications, and asset management,
underscoring Broadridge's commitment to leading innovation in <a href="https://www.financemagnates.com/terms/f/fintech/">fintech</a>.</p><p>"I'm
excited to lead Broadridge's global business and to grow our client
relationships and footprint globally," Sleightholme commented. "Buy-
and sell-side firms across Europe and Asia face their own unique set of
technology and regulatory challenges, and I am eager to work with our talented
team to provide clients with innovative technology solutions paired with local
market expertise to transform their businesses and drive growth."</p><p>Typhoon Signal No. 8
Delays HKEX Trading</p><p>The Hong
Kong Exchanges and Clearing Limited (<a href="https://www.financemagnates.com/tag/hkex/" target="_blank" rel="follow">HKEX</a>) has delayed its securities and
derivatives market trading due to Typhoon Signal No. 8. If the signal remains
in effect or any extreme conditions persist, the morning trading sessions
across all markets will be cancelled. </p><p>However, trading will resume approximately two hours later if conditions improve by noon.
This decision demonstrates HKEX's commitment to the safety and well-being of
its traders and staff.</p><p>BaFin Extends Anti-Money
Laundering Measures on N26 Bank</p><p>Despite
some progress, <a href="https://www.financemagnates.com/tag/n26/" target="_blank" rel="follow">N26 Bank AG</a> continues to face challenges in its anti-money
laundering and terrorist financing systems. In response, the Financial
Supervisory Authority (BaFin) has extended and specified certain measures
against the institution. </p><p>These
include growth restrictions for new customers and a mandate for a special representative
to oversee the implementation of the ordered measures. This development
signifies BaFin's ongoing commitment to ensuring financial institutions'
compliance with legal obligations</p>

This article was written by Finance Magnates Staff at www.financemagnates.com.