News
Ronaldo flogs high-risk scheme to 60m Twitter followers
The Portuguese player has bragged to his 59.7 million Twitter followers about a sponsorship agreement he signed with Cyprus-based Exness, a high-risk trading firm which allows investors to risk losing more than 500 times their original stake – many multiples of what some regulators say is appropriate for retail investors, according to a Bloomberg news report.
Investment | news 21 Sep 17
Hawkish Fed to taper from next month
The US Federal Reserve announced it will begin to unwind its quantitative easing programme in October, and said another rate hike this year is likely despite persistently low inflation.
Best Practice | news 21 Sep 17
Steps advisers can take to avoid €20m data breach fine
Financial advisers will have to do a “significant amount of legwork” if they are to comply with new data rules, or face a big fine, according to an expert.
Lux fund body hits back at politicised scrutiny of delegation
Growing scrutiny of European fund managers delegating portfolio management to other EU countries is motivated by “political reasons”, the chairman of the Association of the Luxembourg Fund Industry (Alfi) told International Adviser.
Plague of scams prompts more warnings
The UK’s Financial Services Compensation Scheme (FSCS) is the latest body to warn consumers that scammers are using its reputation in a bid to defraud them.