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News Nuggets | 27 September: TFB ToolBox Enhanced; CFI Brings MT Plug-in of TipRanks

Tools for Brokers Enhances Toolbox

Tools for Brokers has enhanced its TFB Toolbox by releasing new functionalities, including live logs and notifications, to simplify monitoring and control. It brings an experimental table view for rules and enables messages on the stopout occurrence through a plugin. Further, the TFB Toolbox supports the Dynamic Leverage Changer for CFDs index.

"The new features were developed directly in response to client feedback," Tools for Brokers stated.

CFI Incorporates the TipRanks Plug-in on MetaTrader

CFI Financial Group has launched a MetaTrader plug-in to enable its clients access to the datasets of TipRanks. With this, CFI became the first broker to provide an MT plugin to display TipRanks' datasets.

"By integrating TipRanks into our MetaTrader platform, we equip our traders with state-of-the-art research tools previously accessible only to the industry's top players," said Hisham Mansour, the Co-Founder and Managing Director of CFI Financial Group.

Uri Gruenbaum, the CEO of TipRanks, added: "TipRanks is proud to be integrated into CFI's platform through the new MetaTrader plug-in… Together, CFI and TipRanks are giving CFI's customers the best and latest technology as we level the playing field for all investors."

Warning by New Zealand's FMA

New Zealand's Financial Markets Authority (FMA) today (Wednesday) warned against Brownprime, a platform offering investment into cryptocurrency mining. The warning came after "a New Zealand resident who has invested through Brownprime is having difficulties in withdrawing funds."

According to the regulator, Brownprime offers unrealistic high returns and requires upfront fees to process withdrawals. The regulator highlighted that the platform is not registered in New Zealand, and its "website displays a certificate of incorporation of an entity with a different business nature."

"We recommend exercising caution when dealing with Brownprime," the FMA stated.

Winklevoss Twins' Gemini to Increase Investment in India

Gemini, the cryptocurrency exchange backed by the Winklevoss twins, plans to invest INR 200 crore ($24 million) over the next two years in its technology hub in India.

The announcement came with the opening of its office at Gurugram, which is subject to the National Capital Region.

"Gemini's Gurgaon office will provide powerful contributions to support our growth over the coming years. It will be home to professionals across our engineering, design, and operations teams that are responsible for developing products and services for customers around the world in 70+ countries," the exchange noted.

Aussie Company Auditor Suspended

Rocco (Roy) Luciano Spagnolo, a registered company auditor in Australia, has been suspended from practice for 12 months by the Companies Auditors Disciplinary Board (CADB). The auditor did not comply with the audit standards for two audits.

The actions by CADB came after an investigation by the Australian Securities & Investments Commission (ASIC).

"Mr Spagnolo, a director of Corporate Audit & Advisory Services Pty Ltd, was responsible for auditing the 30 June 2019 and 30 June 2020 financial reports of Alliance Insurance Broking Services Pty Ltd, now known as Alliance Management Group Pty Ltd. Alliance Insurance Broking Services held an Australian financial services (AFS) license during the time of the audits," ASIC stated in the announcement.

Spagnolo, the individual, has been ordered to pay AU$20,000 for the violations and has been banned from auditing listed or AFS-licensed entities for three years. He further will require that his first three audits following the suspension be reviewed by another registered company auditor.

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