News Nuggets | 18 October: GTC Appoints Cypriot Head; JustMarkets Revamps IB Program

<p>Sarah Hall Joins Global
Trade Capital to Head Cyprus Office</p><p>Global
Trade Capital (<a href="https://www.financemagnates.com/tag/global-trade-capital-group/" target="_blank" rel="follow">GTC Group</a>) welcomes Sarah Hall as the General Manager of its
new office in Cyprus. Hall, a seasoned industry veteran with over 15 years of
experience, has previously worked at Etoro, FX Pro, and Saxo Bank. </p><p>She joins
GTC from her most recent role at Axi, where she was the Global Head of Settlements.
Her expertise in risk and fraud prevention is expected to enhance GTC's
policies, ensuring high service and security standards for clients. As part of
the company's expansion plans, Hall will focus on setting up the Cyprus branch
and enhancing the customer success department.</p><p>"Sarah’s
extensive industry experience and expertise will play a crucial role in our
journey of growth and innovation in the financial services sector,” said Jack
Zheng, the CEO of GTC Group.</p><p>JustMarkets Launches
Revamped IB Program</p><p><a href="https://www.financemagnates.com/tag/justmarkets/" target="_blank" rel="follow">JustMarkets
</a>has rolled out an upgraded version of its Introducing Broker (IB) program. The
program has a six-level structure that offers enhanced commissions and benefits
as partners meet specified trading volume criteria. Notably, the program
includes a 3-month boost period where trading volume from new referrals is
tripled, allowing partners to scale up quickly.</p><p>The program has introduced several new features aimed at incentivizing partners, including an
enhanced commission of $25 per lot and the potential for additional monthly
rewards of up to $2,000 for client onboarding and trading volume boosts. It
also offers an automated rebate system for easy reward sharing, competitive
spreads on key instruments like gold, swap-free trading for all traders, and
gap protection to prevent slippages.</p><p>CySEC Focuses on Financial
Literacy During World Investor Week 2023</p><p>The Cyprus
Securities and Exchange Commission (<a href="https://www.financemagnates.com/tag/cysec/" target="_blank" rel="follow">CySEC</a>) successfully concluded its
activities for World Investor Week 2023. Partnering with global Supervisory
Authorities, CySEC focused on promoting financial literacy. </p><p>The
week-long event included various activities and emphasized key themes like
Investor Resilience, Crypto Assets, and Sustainable Finance. This effort is in
line with CySEC’s goal to inform investors about potential risks and encourage
sound financial decisions.</p><p>SEC Charges Illinois
Resident with Insider Trading</p><p>The US
Securities and Exchange Commission (<a href="https://www.financemagnates.com/tag/sec/" target="_blank" rel="follow">SEC</a>) has charged Brian Marc Rubin with insider
trading. Rubin, a resident of Deerfield, Illinois, allegedly traded Array
BioPharma Inc. stock options based on nonpublic information obtained from his
spouse, who works at Array. </p><p>Rubin
consented to a judgment that would prevent him from violating antifraud
provisions and require him to pay back illegal profits totaling $90,458 along
with additional penalties.</p><p>Liminal Custody Solutions
Announces Major Rebranding</p><p>Liminal
Custody Solutions has launched a comprehensive rebranding initiative,
positioning itself as an expert in digital asset custody and wallet solutions.
The rebranding has occurred as <a href="https://www.financemagnates.com/tag/crypto/" target="_blank" rel="follow">the digital asset industry</a> increasingly focuses on
security and risk mitigation. The move aims to keep Liminal at the forefront of
delivering secure and compliant digital asset custodial solutions, particularly
in the APAC and MENA regions.</p><p>"We
anticipate a mature, compliant, and standardized web3 ecosystem across the APAC
and MENA regions, which will attract institutions to build on Web3,” Mahin
Gupta, the Founder of Liminal, said. “This rebrand aligns with our long-term
vision of offering secure, compliant, and efficient custody solutions.”</p><p>ASIC Releases First
Integrated Financial Reporting and Audit
Surveillance Report</p><p>The
Australian Securities and Investments Commission (<a href="https://www.financemagnates.com/tag/asic/" target="_blank" rel="follow">ASIC</a>) has released its first
integrated financial reporting and audit surveillance program findings. As a
result, adjustments of $215 million were made to financial information released
by ASX-listed companies. The report also highlighted insufficient disclosure of
material business risks and other financial report issues.</p><p>“Under our
integrated financial reporting and audit surveillance program, <a href="https://www.financemagnates.com/terms/a/asic/">ASIC</a> targets
financial reports for review using risk-based criteria. These include where we
have identified potential issues in revenue recognition or asset valuation,”
said Greg Yanco, the Executive Director for Regulation and Supervision at ASIC.</p><p>Zodia Custody Launches
SAF3 in Australia</p><p><a href="https://www.financemagnates.com/tag/zodia-custody/" target="_blank" rel="follow">Zodia
Custody</a> has introduced SAF3, a digital asset custody platform designed for
institutions in Australia. SAF3 offers
bank-grade cold wallet storage accessible in real-time and includes features
for <a href="https://www.financemagnates.com/terms/r/risk-management/">risk management</a> and fraud detection. </p><p>Julian
Sawyer, the CEO of Zodia Custody, emphasized the importance of responsible
institutional adoption for Australia's growing digital asset industry.</p><p>BitGo Acquires HeightZero
for Wealth Management Solutions</p><p><a href="https://www.financemagnates.com/tag/BitGo/" target="_blank" rel="follow">BitGo
Holdings, Inc.</a> has acquired HeightZero, a digital asset management platform
aimed at providing comprehensive solutions for wealth managers. The acquisition
positions BitGo as one of the pioneering digital asset companies catering to
the wealth management sector. </p><p>This move aligns
with BitGo's long-term business growth strategy, particularly in the current
crypto winter.</p>

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