News Nuggets | 18 September: OctaFX Adds Share Trading; XTB Unveils Brand Campaign

<p>OctaFX Introduces Share
Trading Platform</p><p><a href="https://www.financemagnates.com/tag/octafx/" target="_blank" rel="follow">OctaFX </a>has
launched a new share trading feature, offering access to over 100 US and
European assets. The platform aims to cater to both experienced traders and
newcomers, providing a wide range of investment options, including tech
companies, blue-chip stocks, and emerging markets. </p><p>OctaFX has set a transparent commission structure for share trading, charging either $15
or 0.1% per transaction, whichever is higher.</p><p>"With
access to over 100 U.S. and European assets, you can build a diversified
portfolio that aligns with your investment goals and risk tolerance. Whether
you're interested in tech giants, blue-chip stocks, or emerging market
opportunities, our platform offers a comprehensive selection to choose from,"
OctaFX commented.</p><p>XTB Unveils New Brand
Campaign across 12 Markets</p><p><a href="https://www.financemagnates.com/tag/xtb/" target="_blank" rel="follow">XTB</a>, a
global <a href="https://www.financemagnates.com/terms/f/fintech/">fintech</a> company, has launched a new brand campaign across 12 markets.
The campaign introduces the 'XTB Universe', a comprehensive online investing
platform. Iker Casillas, the legendary goalkeeper and XTB's global brand
ambassador, guides users through the investment opportunities available on the
platform. The campaign will be featured across various media channels and aims
to make investing more accessible to the general public.</p><p>"In
our new campaign, investors are portrayed as the main heroes of our spots. We
learn more about their investment choices and experience. For all of them, the
XTB Universe is the place for their investments," said Omar Arnaout, the
CEO of XTB. </p><p>FMA NZ Issues Warning against
Clone Firm</p><p>The
Financial Markets Authority (<a href="https://www.financemagnates.com/tag/fma/" target="_blank" rel="follow">FMA</a>) of New Zealand has warned against Jecbit
Finance Limited, advising the public to exercise caution when dealing with the
entity. Jecbit Finance Limited offers forex and cryptocurrency investments but
is not registered to provide financial services in New Zealand. The company has
falsely claimed to be a registered entity in the country, using the business
details of another company, JEC Finance Limited.</p><p>Further
investigation revealed that Jecbit Finance Limited has been using the address,
New Zealand Business Number (NZBN), and other registration details of JEC
Finance Limited without authorization. The director of JEC Finance Limited has
confirmed that there is no association between the two companies. The FMA has recommended that the
public should remain vigilant and cautious when interacting with Jecbit Finance
Limited or its website.</p><p>Broadridge Offers New
Swift Services</p><p><a href="https://www.financemagnates.com/tag/broadridge/" target="_blank" rel="follow">Broadridge
Financial Solutions</a> has announced its new services that provide <a href="https://www.financemagnates.com/terms/c/connectivity/">connectivity</a> to
Swift's API for Transaction Screening and Securities View. These services aim
to help financial firms and corporate treasuries optimize sanctions compliance
and improve oversight of securities transactions. Broadridge has already
onboarded its first customers, including TÜV Rheinland for Transaction
Screening Service and a prominent European private bank for Securities View.</p><p>"We
are pleased to extend the benefit of our Transaction Screening Service and
Securities View solutions to more institutions through connectivity with
Broadridge. Transaction Screening Service means institutions can securely
screen incoming and outgoing messages against the most up-to-date sanctions
lists," Darren Holdstock, the Global Head of Complementors at Swift, said.</p><p>Deutsche Bank Increases
Investment in South Korea</p><p><a href="https://www.financemagnates.com/tag/deutsche-bank/" target="_blank" rel="follow">Deutsche
Bank</a> is boosting its investment in South Korea by 150 million Euros, marking an increase of 36.7% in capital allocation for its Seoul branch. The bank aims to
expand its business activities and better support its clients in South Korea,
which is Asia's fourth-largest market and the world's thirteenth-largest
economy.</p><p>"We
see great opportunities in South Korea and are investing accordingly," Alexander
von zur Muehlen, the CEO of Asia Pacific, Europe, Middle East &amp; Africa
(EMEA) and Germany and a Member of the Management Board at Deutsche Bank,
commented.</p><p>HKMA Warns against Misuse
of the Term' Bank' by Crypto Firms</p><p>The Hong
Kong Monetary Authority (<a href="https://www.financemagnates.com/tag/hkma/" target="_blank" rel="follow">HKMA</a>) has warned against crypto firms using the term' bank'
or describing their products as 'deposits'. The regulatory body states that
such misleading terms could contravene the Banking Ordinance and only licensed
institutions are authorized to offer banking or deposit-taking services in Hong
Kong.</p><p>"The
HKMA wishes to remind members of the public that crypto firms which are not
banks in Hong Kong are not supervised by the HKMA and funds placed with them
are not protected by the Hong Kong Deposit Protection Scheme," the
regulator commented in the official statement.</p><p>Yuen Pok (Paul) Loo Pleads
Guilty</p><p>Yuen Pok
(Paul) Loo has pleaded guilty to several criminal charges, including forgery
and providing financial services without registration. The charges relate to a
forged letter from <a href="https://www.financemagnates.com/tag/new-zealand/" target="_blank" rel="follow">New Zealand's</a> FMA and his continued provision of financial
advice despite FMA's stop orders. Loo will be sentenced on December 20, 2023.</p><p>"The
forgery charges relate to a letter Loo forged purporting to be from the FMA
granting his company Wisdom House Investment Partners Limited a full financial
advice provider license and sent it to his clients. The latter charges relate
to Mr Loo providing financial advice without registration when he was required
to be registered under the FSP Act and Mr Loo's breach of the FMA's stop orders
by continuing to contact his clients and provide financial advice," the
FMA explained.</p>

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