8.24 News: CySEC tells RoboMarkets to stop giving non-monetary rewards to retail clients.

Summary：CySEC asks RoboMarkets to stop giving non-monetary rewards to retail clients. HKEX appoints John Hsu as CTO. The FCA lists Cash Decision and EQ ANALYST900, warning about unauthorized financial services.

1. CySEC Orders RoboMarkets to Stop Offering Non-Cash Incentives to Retail Clients

Under the 2017 Investment Services and Activities and Regulated Markets Law, according to Section 71(6)(b), the Cyprus Securities and Exchange Commission (CySEC) has decided to order retail forex and CFD broker RoboMarkets to cease offering any form of non-cash incentives to its CFD retail clients, such as contest tickets and branded merchandise.

2. Hong Kong Stock Exchange Appoints John Hsu as Group Chief Technology Officer

Hong Kong Exchanges and Clearing Limited (HKEX) announced the appointment of John Hsu as Executive Director and Group Chief Technology Officer, replacing Richard Leung who will become the Group's Chief Information Officer (CIO).

According to HKEX's official press release, John Hsu will join the group on September 29, 2023, and become a member of the HKEX Management Committee. Currently, Hsu serves as the Chief Information Officer for HSBC Asia Pacific, where he has worked for over four years. Previously, he held several senior technical positions at renowned companies such as Huawei Technologies Co., Ltd., SF Express, Deloitte, and Oracle.

John Hsu holds a Bachelor of Science degree in Electrical Engineering and Computer Sciences from the University of California, Berkeley, and a Master's degree in Information Systems and Management from Carnegie Mellon University.

3. FCA Blacklists Two Platforms Including Cash Decision

The UK Financial Conduct Authority (FCA) recently warned against two platforms, Cash Decision and EQ ANALYST900, which may be providing financial services or products without FCA authorization in the UK. Details are as follows:

Unauthorized Company—Cash Decision

Address: Fitz-James Ave, Hammersmith, W14 0RP

Phone: 07507764210

Email: [email protected]

Website: https://cashdecision.com/

Unauthorized Company—EQ ANALYST900

Address: 3003 Peerless Ave, Bakersfield, California, 93308 United sta

72 Broad St, Reading, United Kingdom, RG1 2AF

Phone: +19729709035

Email: [email protected]

Website: www.eqanalyst900.com

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Written byTraderKnows

Created date:2023-08-24 07:15

Last Updated:2024-05-07 08:47

Independent Analysis: Manually researched and fact-checked by the TraderKnows Compliance Team, based on public regulatory records.

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