Capital Account – A Camet http://acamet.org/ Wed, 22 Jun 2022 11:00:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://acamet.org/wp-content/uploads/2021/04/a-camet-icon-150x150.png Capital Account – A Camet http://acamet.org/ 32 32 What is the difference between secured and unsecured credit cards https://acamet.org/what-is-the-difference-between-secured-and-unsecured-credit-cards/ Wed, 22 Jun 2022 11:00:31 +0000 https://acamet.org/what-is-the-difference-between-secured-and-unsecured-credit-cards/

When your credit score is in the lowest range — 579 or lower — finding a credit card issuer that will approve you for one of their products can seem impossible. Fortunately, there is a type of credit card that almost anyone can be approved for. With a secure credit card, consumers with poor credit have the opportunity to build good habits and prove their creditworthiness over time.

What is a secured credit card?

Secured credit cards are a type of credit card that requires a cash deposit as collateral. This deposit is normally close to the amount of the line of credit you receive. If you apply for a secured credit card and put down a $500 security deposit, for example, you’ll likely qualify for a $500 line of credit.

You might wonder why anyone would want a credit card that requires a cash deposit up front, but it’s not too hard to see why consumers with poor credit might be willing to apply. Getting approved for a traditional unsecured credit card may be impossible when your credit score is low, but you may not be able to improve your credit over time if you can’t find a lender to extend credit to you.

With a secured credit card, on the other hand, consumers who need to work on their scores can secure their line of credit with a cash deposit. And since their payments are reported to all three credit bureaus, they have the opportunity to build credit and improve their credit rating over time.

Secured or unsecured credit cards

Generally speaking, unsecured credit cards are a better deal for consumers. When a card is unsecured, it means you don’t have to post a security deposit. Most credit cards are unsecured. Unsecured credit cards tend to offer better benefits and rewards, lower fees, and lower interest rates.

The following table explains some of the main differences between secured and unsecured credit cards:

Deposit required? Nope Yes
Minimum credit score to qualify Usually 670+ Available for scores below 579
Average APR More than 16 percent APRs tend to be higher for secured credit cards
Annual fees charged? sometimes Usually not; the security deposit is usually a one-time refundable amount
Helps you build your credit by reporting to credit bureaus Yes Yes
Rewards available? Yes, with many rewards credit cards sometimes

How to apply for a secure card

Applying for a secured credit card works the same as applying for an unsecured credit card; you’ll start by comparing secured credit cards to find the one that offers the benefits you really want, then move on to your application.

The information you will need to provide in your secure credit card application will include your name, date of birth, address, social security number, employment information, and income. Most secured credit cards will ask you to pay your security deposit when you apply, which you can usually fund online with a debit card or bank account. If your secured credit card application is not approved, the cash deposit you deposited will be returned to you, usually within a few business days.

How to upgrade an unsecured card

If you’ve had a secured card for a while and improved your credit score as a result, you might be wondering if it’s time to switch to an unsecured credit card. You generally have two options: you can ask your card issuer to transfer your secured line of credit to an unsecured card, or you can simply apply for a new credit card and close your secured credit card account. Note that when you close an old secure credit card account in good standing, you get your full deposit back.

It’s usually easier to just apply for a new unsecured credit card once your credit score is in an acceptable range. This option allows you to choose the right credit card for your needs, whether you want to earn money or qualify for 0% APR and consolidate your debts.

Building credit with a secured card versus an unsecured card

When it comes to establishing your credit score, the process is the same with both secured and unsecured credit cards.

Both types of cards report your movements to the credit bureaus – Experian, Equifax and TransUnion. The bureaus collect information about your purchases, balances, and credit card payments and use it to create a credit usage history on your behalf.

If your goal is to build your credit and keep your score in the best possible shape, you should aim to pay your bill early or on time each month and keep your credit utilization rate below 30%.

Best Secured Credit Cards for 2022

Are you looking for a secure credit card? If so, you should take the time to compare all the best deals to find one with the best benefits and the lowest fees. Bankrate has compared dozens of secured credit cards to find the best deals available, and here are three top options:

Check it out Secure: Best for Daily Rewards

The Discover it® Secured Credit Card is one of the few secure credit cards that allows consumers to earn rewards without charging an annual fee. You’ll earn 2% cash back at gas stations and restaurants (up to $1,000 in combined spend each quarter, then 1%) and unlimited 1% cash back on everything else. Discover it Secured also allows you to set your own line of credit between $200 and $2,500, depending on the amount of deposit you have deposited.

Plus, at the end of your first year, Discover will match any Cash Back you’ve earned. You also get free access to the FICO credit score on your credit card statement each month, which can help you monitor your credit progress over time.

Capital One Quicksilver Secured Cash Rewards credit card: ideal for travelers

The Capital One Quicksilver Secured Cash Rewards Credit Card is a solid option if you want to earn a flat rate of rewards on every purchase – 1.5% cash back on all purchases is a fair rate, even for an unsecured card . There’s also an added perk for frequent travelers: 5% unlimited cash back on hotels and rental cars booked through Capital One Travel.

The minimum security deposit is a reasonable $200 and there is no annual fee. Plus, Capital One makes it easy to get a better score. You can stay motivated by watching your credit score increase over time with Capital One’s CreditWise, and you’ll also be automatically considered for a line of credit increase in as little as six months.

Capital One Platinum Secured Credit Card: Ideal for low deposit requirements

The Capital One Platinum Secured Credit Card lets you get a line of credit with a refundable deposit of $49, $99, or $200, making this card a good option for anyone who doesn’t have a lot of cash. to place. However, Capital One will monitor your account to see if you will automatically be considered for a higher line of credit in as little as six months.

You won’t earn any rewards with this card, but you won’t pay an annual fee to wear it either. You also have the option of choosing your own monthly due date, which can be handy if you prefer to pay your credit card bill at the end of the month or around payday.

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All demat accounts maintained by stockbrokers must be tagged by the end of June: SEBI https://acamet.org/all-demat-accounts-maintained-by-stockbrokers-must-be-tagged-by-the-end-of-june-sebi/ Mon, 20 Jun 2022 13:50:00 +0000 https://acamet.org/all-demat-accounts-maintained-by-stockbrokers-must-be-tagged-by-the-end-of-june-sebi/

Securities and Exchange Board of India noted that corporate actions credits will be allowed

Securities and Exchange Board of India noted that corporate actions credits will be allowed

Capital markets regulator SEBI said on Monday that all securities brokers’ dematerialized accounts, which are not labeled, must be labeled appropriately by the end of June.

Securities credit will not be permitted on any demat account left untagged from July 1st. However, corporate actions credits will be permitted, the Securities and Exchange Board of India (SEBI) said in a circular.

The labeling of bank accounts and bank accounts reflects the purpose for which these bank/demat accounts are maintained and the reporting of these accounts to stock exchanges/deposits.

SEBI further said that the debiting of securities will also not be permitted in any demat account left untagged from August.

The stockbroker will need to obtain approval from the exchanges to allow the marking of such demat accounts from August 1 and, in turn, the exchanges must grant such approval within two business days after imposing a penalty in accordance with their internal policy.

“All stockbroker demat accounts that are not labeled must be properly labeled by June 30, 2022,” SEBI said.

The framework will not apply to demat accounts which are used exclusively for banking activities by securities dealers who are also banks.

Currently, securities dealers are only required to maintain deposit accounts in five categories: proprietary account, pool account, unpaid client securities, client securities margin pledge account, and clients under the margin funding account.

Under the rules, the designation of stockbroker demat proprietary accounts as “stockbroker – account owner” is voluntary and accounts that are not labeled would be deemed to be proprietary.

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Ex-Amazon Web Services engineer convicted of massive Capital One hack https://acamet.org/ex-amazon-web-services-engineer-convicted-of-massive-capital-one-hack/ Sun, 19 Jun 2022 01:02:06 +0000 https://acamet.org/ex-amazon-web-services-engineer-convicted-of-massive-capital-one-hack/ By Maya Miller, The Seattle Times

Updated: 2 a few minutes ago Published: 2 a few minutes ago

SEATTLE — A former Amazon engineer was sentenced Friday on federal charges stemming from a 2019 hack that compromised the accounts of 100 million credit card users.

A jury assembled in Seattle found Paige Thompson guilty of seven counts related to computer and electronic fraud. The verdict, delivered Friday afternoon, came after eight days of testimony and one day of deliberations.

Thompson, 36, was responsible for one of the largest data breaches in US history, in which she downloaded the data of more than 100 million Capital One customers in 2019. The data included around 120,000 social security numbers and approximately 77,000 bank account numbers.

To get this data, Thompson, who worked as a systems engineer for Amazon Web Services but left years before the hack, searched for AWS customers with misconfigured firewalls. It then exploited those weaknesses to impersonate an authorized user, the government argued.

Since Capital One’s internal system then recognized Thompson’s requests as coming from a “friendly” computer, the system complied with his requests for data. Prosecutors argued that she also installed cryptocurrency mining software on the companies’ servers, essentially harnessing their computing power to mine currency for her benefit.

Thompson was found guilty of one count of wire fraud and six counts of computer fraud and abuse. She was acquitted of one count of access device fraud and one count of aggravated impersonation.

“We are delighted with the verdict,” said Nick Brown, U.S. attorney for the Western District of Washington. “I hope this is a good deterrent to others, like Ms. Thompson, who claim to be bona fide hackers, but are actually engaged in something far more dangerous.”

At the center of Thompson’s case were two different interpretations of the key phrase “unauthorized.” The US Computer Fraud and Abuse Act, which Thompson has been accused of violating, prohibits anyone from intentionally accessing a computer “without authorization” or “exceeding authorized access”.

In its closing arguments, the government pointed out that Thompson had no authorized access because she did not have explicit permission from Capital One or other breached companies to view and download their data.

The defense argued that Thompson’s actions were legal because the hacked companies’ systems worked as programmed, and anyone with access to a web browser could have taken the same action as Thompson.

In rebuttal, the government used the analogy of hiding a house key under a doormat. Someone might walk around the neighborhood looking under every doormat and find the key, but just because it fits in the lock doesn’t mean the intruder has “permission” to enter the house.

The government also used a sample of Thompson’s tweets, Slack posts, and chat room posts to claim she was a greed-driven hacker, rather than a noble “white hat hacker” trying to identify and correct vulnerabilities in companies’ online defenses.

Thompson’s attorney, Federal Public Defender Mohammad Hamoudi, pointed out in closing arguments Thursday that even though Thompson didn’t have an engineering or computer science degree, computers helped him connect to people and communities. apart from his unstable home life. This same cold, inhuman computer world could also make Thompson feel isolated and spur him to action.

He reminded the jury that Thompson’s friends had testified to his often frantic messages, sent from the “erratic” appropriate username, and asked the members not to give great importance to the few examples of government messages. .

Thompson remains free on bail pending sentencing later this year.

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Common governance provisions in partnership agreements with accounting firms | Levenfeld Pearlstein, LLC https://acamet.org/common-governance-provisions-in-partnership-agreements-with-accounting-firms-levenfeld-pearlstein-llc/ Thu, 16 Jun 2022 22:48:34 +0000 https://acamet.org/common-governance-provisions-in-partnership-agreements-with-accounting-firms-levenfeld-pearlstein-llc/

When it comes to partnership agreements with accounting firms, governance is key. In this article, we discuss various governance arrangements to consider when drafting a partnership agreement with an accounting firm.

Note: References to “partnership agreements” in this article refer to traditional partnership agreements, as well as shareholder agreements and LLC operating agreements. Likewise, when we refer to a “partner” in this article, it also applies to a shareholder of a company and a member of a limited liability company.

All partnership agreements have some basic form of governance. Unless otherwise agreed, the partners have the power to act on behalf of the partnership. In most partnership agreements, however, the partners have chosen to delegate authority on certain matters to an executive committee and/or a managing partner.

Even when authority is ceded to an executive committee or managing partner, partners often retain approval rights regarding such matters as election of a managing partner, election of executive committee members, mergers, admissions of new associates, expulsions of associates, borrowing of funds over a certain amount, capital expenditures that exceed a designated amount, and other major transactions and expenses.

Role of the Executive Committee

In most firms, in addition to the aforementioned major transactions and expenditures for which partners often retain approval authority, the executive committee has the authority to make or delegate all decisions and the managing partner is responsible for day-to-day management. of the firm.

If, however, a company has a strong managing partner position, the partnership agreement may spell out certain things that the managing partner has the power to do beyond day-to-day business decisions. For example, the partnership agreement may provide that the managing partner has the authority to bring in side partners or effect small mergers without a partner vote. This added authority for a managing partner is often seen when the managing partner is also the founding partner of the firm.

Centralized governance

As companies grow, governance tends to become more centralized. In other words, there will be less authority for the partners and more authority for the executive committee. Centralized governance is a more efficient means of management, but it means that the partners have less autonomy.

As a company grows, the election process often becomes more complex, so there may be a nominating committee for executive committee positions and the role of managing partner. The partnership agreement may also include procedures for an election process and requirements for departmental representation.

In a recent agreement, for example, the company allowed self-nominations, but required prior approval from the executive committee.

More complex partnership agreements may also include provisions on term limits and staggered terms.

Vote

The most common approach is to vote by percentage ownership. Other voting mechanisms include: (i) voting per capita (one vote per partner), (ii) voting by capital account balances, and (iii) voting by prior year compensation amounts.

Companies decide which voting mechanism is right for them, and in some cases there will be different voting methods depending on the decision. For example, some decisions, such as approving major expenditures, may be taken by a simple majority, but decisions such as withdrawing a partner may require a 75% qualified majority of the partnership.

Other Key Elements of a Partnership Agreement

Governance is just one of the key elements to be addressed in the partnership agreement. Other important aspects of a partnership agreement include retirement and covenants.

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Where to put a stop loss https://acamet.org/where-to-put-a-stop-loss/ Tue, 14 Jun 2022 09:01:57 +0000 https://acamet.org/where-to-put-a-stop-loss/
Stop loss strategies: where to put a stop loss Photo: conzorb / Shutterstock.com

Cutting losses and letting the winners roll is one of the oldest principles of trading and investing. The next question is: what is a stop loss strategy and how could it help determine where to set stop losses?

In this guide, we attempt to answer these questions by explaining some of the most widely used stop loss techniques.

What is a stop loss?

A stop-loss order is a market order placed with a broker to buy or sell a security when it reaches a certain price. This is done to limit losses in the event that the price of the security moves against the position taken by the trader.

A stop loss on a long position would be a sell order at a price below the entry price. A stop-loss order on a short position would be set above the entry price.

Risk-by-transaction approach

This method revolves around the protection of your own capital. When it comes to stop loss strategy options, the risk-per-trade approach to reducing escalating losses is simple and is considered an effective way to manage risk when trading.

By determining the maximum amount of risk you are willing to take on each trade, you can set a stop loss that will limit your losses if the trade goes against you.

The maximum risk you are willing to accept on a trade should be a dollar amount or the currency in which your trading account is based. The dollar amount is determined as a percentage of the total trading capital value of your account.

There are several ways to calculate your risk per trade, but one of the most popular is the 2% rule. This principle says that you should never risk more than 2% of your account on a single trade. So if you have a $10,000 account, you should never risk more than $200 on a trade.

Risk-reward strategy

The risk-reward stop-loss order strategy compares the size of your stop loss with the size of your expected take profit order.

Certain risk-reward ratios can be used as guidelines. For example, a risk-reward ratio of 1:3 means that for every point of risk, the potential reward is 3 points. This ratio can be used when the market is moving strongly in one direction.

Another example is a 1:2 risk-reward ratio, which can be used when the market is limited or choppy. In this case, the trader is looking for a small price movement in order to make a profit. Note, however, that all trading involves risk and some losses are unavoidable.

Of course, these are examples and each trader will need to find the stop loss types with risk-reward ratios that work best for them.

There is no right or wrong answer, but a risk-reward ratio can allow traders to minimize the downside without limiting the upside.

Note, however, that all trading involves risk. Always do your own due diligence before trading. And never invest money you can’t afford to lose.

Volatility approach

Volatility stop loss is a strategy that uses market volatility to determine where to place your stop loss.

Volatility varies – there may be more or less movement in the market over time. Using market volatility, you can change your stop size to match current market conditions, placing your stop loss in a more strategic location.

For example, if over the past 10 days the S&P 500 stock index has moved an average of 20 points per day, it may not make sense to have a stop loss of more than 20 points for an intraday trade.

Chart

The classic volatility approach to stop losses is the “average true range method”, using the ATR (Average True Range) indicator.

The ATR is a measure of market volatility. Using the ATR, you can place your stop loss at a point just beyond the furthest price likely to be reached under current volatility conditions.

Although incorporating volatility into how you choose a stop loss can add value to your trading strategy, it is worth bearing in mind that the ATR is a lagging indicator, which means that it cannot predict future levels of volatility, only tell you what it was like in the past.

Note that past performance is not indicative of future returns. And never trade money you can’t afford to lose.

Support and resistance approach

Using support and resistance (S/R) areas is a classic method for placing stop losses. This strategy may be the clearest in terms of placing stop losses.

The logic is that if the price breaks above one of these price levels, it invalidates the reason for being in the trade and is a signal to exit the trade. Support and resistance are the common way to put a stop loss in swing trading.

The support and resistance approach to where to place a stop loss is a technical analysis strategy that is used to identify key price levels where price is likely to bounce or retrace.

A support level could prevent the price from falling and a resistance level could prevent the price from rising. Therefore, placing a stop loss just below a support level or just above a resistance level could increase the chances of a losing trade reversing in your favor before the stop loss is reached. .

These S/R levels are usually identified using previous highs and lows, as well as using technical indicators such as moving averages (MAs) or Fibonacci retracements.

Chart

The benefit of this stop loss method is that it can help identify key price levels where price is likely to find support or resistance. This can help place stop-loss orders which are more likely to be effective in limiting losses.

The downside of this approach is that it is based on technical analysis and is therefore subject to interpretation. Technical analysis is based on historical price action, which does not guarantee future returns.

A trailing stop loss

A trailing stop loss strategy is most applicable in trend following. Trend followers attempt to enter a price trend right after it has started and exit right after it has ended.

Trend followers don’t try to predict how long a trend will last. They do not set a “take profit” level in advance. Instead, trend followers will normally use a stop-loss order to exit a trade, even if it is still profitable.

A trailing stop loss will be set a number of points or a percentage behind the entry price. If the market starts to move in your favor, the stop loss will follow the market price by that same number of points.

When the market pulls back, the trailing stop stays in place. If the market falls, the full size of the stop-loss order is triggered.

Chart

Some traders use a moving average such as the 50 DMA to stop loss entry so that when the moving average rises in an uptrend, the stop loss increases accordingly.

Stop Loss Limits

A stop loss is a tool for traders to reduce but not eliminate trading risk. Stop losses are not infallible and have certain limits. Even using the techniques above, it can be difficult to determine the correct level at which to set a stop loss.

If a tight stop loss strategy is used and the stop loss is set too close to the current price, it can be triggered by a small fluctuation and result in a loss. On the other hand, if the stop loss is too far from the current price, the potential loss may be too great.

Even if the stop loss is set at the right level, there is no guarantee that it will be triggered – markets can be very volatile and prices can move very quickly. Unless it is a guaranteed stop loss, which usually incurs additional fees.

Market makers at large institutions such as banks and hedge funds can see where stop losses are on their books. This gives them a huge advantage over retail traders and some will engage in a stop loss chasing strategy. This usually involves executing large sell orders to trigger stop losses, which causes an additional wave of sell stop orders, creating a short-term profit.

Finally, if a stop loss is triggered, it may be difficult to re-enter the market at a good price, as prices may continue to move in the same direction.

In conclusion, there is no single best stop loss strategy, but there are a variety of techniques that are best used depending on your trading strategy and risk management profile.

FAQs

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Portfolio Management Software Market 2021 Business Development – Personal Capital, Stator, eFront, Fund Manager, CoStar, SoftTarget, Investment Account Management – ​​Instant Interview https://acamet.org/portfolio-management-software-market-2021-business-development-personal-capital-stator-efront-fund-manager-costar-softtarget-investment-account-management-instant-i/ Sun, 12 Jun 2022 16:53:10 +0000 https://acamet.org/portfolio-management-software-market-2021-business-development-personal-capital-stator-efront-fund-manager-costar-softtarget-investment-account-management-instant-i/

New Jersey, USA, – Mr Accuracy Reports published new research on Global portfolio management software covering the micro level of analysis by competitors and key business segments (2022-2029). Global Portfolio Management Software explores in-depth study on various segments such as opportunity, size, development, innovation, sales and overall growth of key players. The research is carried out on primary and secondary statistical sources and consists of qualitative and quantitative details.

Some of the Major Key Players profiled in the study are Personal Capital, Stator, eFront, Fund Manager, CoStar, SoftTarget, Investment Account Manager, Advent, Options Czar (Koona Software), Clarizen, Miles Software, OWL Software, Conifer Financial Services, FinFolio, Mprofit, InvestPlus

Get sample PDF report + all related charts and graphs @: https://www.maccuracyreports.com/report-sample/349953

Various factors are responsible for the growth trajectory of the market, which are studied extensively in the report. In addition, the report lists down the restraints that threaten the global Portfolio Management Software market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics and forecasts for various segments and sub-segments considering macro and micro environmental factors. It also assesses the bargaining power of suppliers and buyers, the threat of new entrants and product substitutes, and the degree of competition prevailing in the market.

Global Portfolio Management Software Market Segmentation:

Portfolio Management Software Segmentation by Type:

Web-based, cloud-based.

Portfolio Management Software Segmentation by Application:

Small and medium enterprises, large enterprises

Key aspects of the market are illuminated in the report:

Summary: It covers summary of most vital studies, global Asset Management Software market increase rate, humble circumstances, market trends, drivers and issues along with macro pointers.

Analysis of the study: Covers major companies, vital market segments, the scope of products offered in the global Asset Management Software market, years measured and study points.

Company profile: Each well-defined company in this segment is selected based on products, value, SWOT analysis, capacity and other important characteristics.

Manufacturing by region: This Global Portfolio Management Software report offers data on import and export, sales, production, and key companies in all regional markets studied.

Market Segmentation: By Geographical Analysis

The Middle East and Africa (GCC countries and Egypt)
North America (United States, Mexico and Canada)
South America (Brazil, etc)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)

The cost analysis of the Global Portfolio Management Software Market has been performed while considering manufacturing expense, labor cost, and raw materials along with their market concentration rate, vendors and the price trend. Other factors such as supply chain, downstream buyers, and sourcing strategy have been assessed to provide a comprehensive and in-depth view of the market. Buyers of the report will also be exposed to market positioning study with factors like target customer, brand strategy and pricing strategy taken into consideration.

Key questions answered by the report include:

  • Who are the leading market players in the Portfolio Management Software Market?
  • What are the major regions for dissimilar professions expected to witness astonishing growth in the Portfolio Management Software market?
  • What are the regional growth trends and major revenue-generating regions for the Portfolio Management Software market?
  • What will be the market size and growth rate by the end of the forecast period?
  • What are the key Portfolio Management Software market trends impacting market growth?
  • What are the main types of portfolio management software products?
  • What are the main applications of portfolio management software?
  • Which portfolio management software services technologies will dominate the market in the next 7 years?

Please click here today to purchase the full report @ https://www.maccuracyreports.com/checkout/349953

Contents

Global Portfolio Management Software Market Research Report 2022-2029

Chapter 1 Portfolio Management Software Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Portfolio Management Software Market Forecast

If you have any special requirements, please let us know and we will offer you the report you want. you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.




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Belgian FSMA warns against Apex500, Infinity4x and Top Capital 24 https://acamet.org/belgian-fsma-warns-against-apex500-infinity4x-and-top-capital-24/ Wed, 08 Jun 2022 16:49:15 +0000 https://acamet.org/belgian-fsma-warns-against-apex500-infinity4x-and-top-capital-24/

The Belgian financial supervisory authority, the Financial Services and Markets Authority (FSMA), has issued a warning against the unauthorized activities of multiple platforms that offer investments in the country without complying with Belgian financial legislation.

The FSMA operates as a watchdog for financial trading, securities and markets in Belgium, overseeing a variety of asset and compliance issues for traders and consumers. Today’s warning is the latest move in its efforts to crack down on companies that engage in fraudulent activity.

The agency has also managed to catch up over the past few months, filing standalone lawsuits against cryptocurrency operators. This is the latest effort by the FSMA to control rampant internet-based cryptocurrency schemes, which operate in a zone regulated by the watchdog.

Latest additions include:

  • Agartha Asset Management (www.agarthaassetmanagement.com)
  • Antarimarkets (www.antarimarkets.com)
  • Apex500 (www.apex-500.com)
  • Brokeragea (www.brokeragea.com)
  • Caliber (www.calliber.io)
  • Capital Professional Reserve (www.cp-r.net) (cloned firm)
  • Concept Blue (www.concept-blue.com) (cloned company)
  • Cryptosaving (www.cryptosavings.io)
  • CTmatador (www.ctmatador.com and www.platform.ctmatador-pro.com)
  • DCMGROUP (www.dcmgroup.io)
  • EJMarkets (www.ejmarkets.com)
  • Europa Trade Capital (www.europatradecapital.com)
  • EuroTrade (www.eurotrade.co)
  • FinsRoyal (www.finsroyal.com)
  • Foxane (www.foxane.com)
  • Fxpoint (www.fxpoint.co)
  • Glenrocks (www.glenrocks.com)
  • Globalxtrades (www.globalxtrades.com)
  • High Capital (www.high-capitals.com)
  • Introtrade (www.introtrade.pro)
  • Infinity4x (www.infinity4x.com)
  • Kardon Capital (www.kardoncapital.com)
  • LPLeurope (www.lpleurope.com)
  • LPL Invest (www.lplinvest.com)
  • Oriontero (www.oriontero.com)
  • Slimhandel (www.slimhandel.com)
  • Soltechx (www.soltechx.com)
  • Standpoint Finance (www.standpointfinance.com)
  • Ti-GI (www.ti-gi.com)
  • Top Capital 24 (www.topcapital24.com) (cloned company)
  • Towards Source (www.towardssource.com)
  • Traderhouse (www.traderhouse.com)
  • Trade Horizon (www.tradehorizon.com and www.tradehorizon2.com)
  • Trends Turbo (www.trends-turbo.com)
  • ualgo (www.ualgo.com)
  • World Markets (www.worldmarkets.com)
  • Word Wide Brokers (www.worldwidebrokers.co)
  • x-tradebrokers (www.x-tradebrokers.com)

The aforementioned companies are not authorized investment firms in Belgium. They are therefore not authorized to provide investment services in or from the country.

On this basis, the FSMA strongly advises against responding to offers of financial or collection services made by the companies listed above and transferring money to any account number they may mention.

To benefit from the protections offered by securities laws when trading digital assets, investors must use a platform or entity registered with the FSMA, the regulator said.

Cryptocurrency companies operating in Belgium must apply for a license from the country’s financial watchdog when new anti-money laundering (AML) regulations come into effect.

Applicants for authorization must demonstrate to the Belgian Financial Services and Markets Authority (FSMA) that they have sufficient capacity, consistency and solvency to manage the business.

As part of their plans, the FSMA imposes a minimum capital requirement of €50,000 ($53,000) and mandates a corporate structure on crypto-asset-related businesses to register with the country’s regulator.

Once the new regulations come into force, it would require crypto exchanges, wallet providers and crypto custodial providers operating in Belgium to register with a financial regulator and prove they meet the requirements. AML if they wish to continue their operations.

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Caregiver’s Corner: You can help protect seniors from scammers https://acamet.org/caregivers-corner-you-can-help-protect-seniors-from-scammers/ Sun, 05 Jun 2022 09:00:56 +0000 https://acamet.org/caregivers-corner-you-can-help-protect-seniors-from-scammers/

Dear Mary,

I recently found out that my parents were victims of scammers. I still haven’t figured out how much money they lost but I see they fell victim to the call saying they owe the IRS money and they responded by buying prepaid cards to pay the so-called bill. I’m afraid they also gave their credit card number, because when I looked at their last statement, there are a lot of charges that they can’t (or won’t) explain. How can I prevent them from losing the little nest egg they have?

Dear reader,

Unfortunately, the exploitation of our elderly has become more common than we realize. Because they often have more assets, seniors are more targeted than other age groups; their generational tendency to be confident and polite puts them in a situation where they won’t hang up on the phone or ask them to leave if they show up at the front door. Scam artists can be quite good at intimidating, coercing or tricking an older person into paying substantial sums of money and yet very few people will report the act, often out of embarrassment. AARP reports that the average loss to a victim of financial abuse is $120,000!

Unsurprisingly, the pandemic appears to have made matters worse, with older Americans losing more to scams than any other age group. Consumer advocate Danielle Murphy explains: “We’ve all been isolated and alone, and an elderly person is very vulnerable when the phone rings and they haven’t spoken to anyone all day. These scammers are so cunning and convincing, and once the money is gone, it’s gone. Some of the most commonly used tactics include the grandparent scam, calls claiming you owe back taxes, offers of free or discounted drugs or medical equipment, and pop-ups and emails that your computer needs to be updated for which you need to allow remote access.

How can I help you? Have a conversation about what’s happening across the country when it comes to senior citizen scams. Let your parents know that government agencies do not call asking for personal information (such as social security numbers and bank accounts). Tell them that no one needs to pay a fee to collect lottery winnings; and if they haven’t played the lottery, they can’t win it! Remind them what they taught you decades ago: don’t trust strangers, especially those looking for personal information and money. Offer to help them register their phone number in the do not call registry. You can also add their addresses to opt-out lists with the Direct Marketing Association. Once done, legitimate providers won’t send spam, and your parents will know that what’s coming is probably from scammers. Fraudulent mail should be reported to the United States Postal Inspection Service. Advise your parents to check their credit report regularly to ensure that new fraudulent accounts have not been opened in their name. If your parents aren’t directing your warnings, you can call the AARP Fraud Fighter Call Center at 800-646-2283 for additional information and assistance.

People with dementia or impaired cognitive functions are at an even higher risk of financial abuse. If a family member has dementia or other cognitive difficulties, be sure to visit or call them regularly. Check for mail that may be piling up. Block phone and mail solicitations as noted above. Work with their banking institution to set up guarantees. If your parents insist on having a credit/debit card, a prepaid card with a limited balance might be the best option; this way, other financial accounts can be separated and secured. You can ask the financial institution if they can alert you if they notice unusual activity on your relative’s account.

The Anne Arundel County Sheriff’s Office website as well as the Maryland Attorney General’s website provide information on what to know and who to contact if you or a family member fall victim to a scammer .

Questions and comments can be directed to Mary Chaput at the Department of Aging and Disabilities, 2666 Riva Road, Suite 400, Annapolis, MD 21401, or by contacting 410-222-4339 or agchap01@aacounty.org.

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Al-Ajlan Riviera Selects Aljazira Capital as Financial Advisor for IPO https://acamet.org/al-ajlan-riviera-selects-aljazira-capital-as-financial-advisor-for-ipo/ Tue, 31 May 2022 16:25:16 +0000 https://acamet.org/al-ajlan-riviera-selects-aljazira-capital-as-financial-advisor-for-ipo/

Two-thirds of customers want their bank or financial institution to become more sustainable: report

LONDON: More than two-thirds of consumers want their bank or financial institution to become more sustainable, according to a new report from cloud banking platform Mambu.

The question “Is the grass greener on the sustainable side?” report surveyed 6,000 consumers about their attitudes towards green finance around the world and found that while most are in favor of greener financial options, customers have little faith in industry benchmarks in terms of sustainability.

Nearly half (48%) said access to green financial services has become more important to them over the past five years, and 67% believe their financial institution is guilty of greenwashing.

Two in five consumers (42%) think their bank or financial institution clearly communicates its sustainability commitments, but only 37% are aware of the organization’s climate promises or commitments.

Clients surveyed also expressed confusion over the exact definition of ‘green finance’, with more than a third (35%) admitting that they did not fully understand the difference between green finance (a product designed to protect the environment or managing the impacts of finance and investments on the environment) and ethical finance (which takes into account not only financial returns but also environmental, social and governance factors).

The report showed that the adoption of green finance practices was far from common, while indicating the need for greater education and communication within the industry.

Just over a quarter (26%) of consumers have knowingly used a sustainable banking product or service. But of those who did, the vast majority (84%) were more satisfied with these services than with traditional banking products.

The survey showed that consumers want banks to be more transparent and also want more power to hold them to account. Almost three-fifths (58%) would like to have more control over how and where their money is invested — to align with their personal values.

Meanwhile, more than half (55%) would like to have a say in the types of green financial products and services their financial institution develops.

“Our research shows that consumers are increasingly looking for ways to make greener financial decisions, but remain skeptical about how strongly banks are committing to the sustainability agenda,” said Anna Krotova, director sustainable development at Mambu.

“Consumers want to take a more active role in making green finance the future of finance, and there’s a huge opportunity for forward-thinking players to get ahead of this transition.”

Mambu helps financial institutions create sustainable financial products quickly and affordably.

Specifically, 42% of consumers would welcome incentives and loyalty programs that reward them for making greener financial decisions. The same percentage would like to know more about sustainability commitments when launching financial products and services.

Consumers are less interested in the granular details of sustainability goals. Just over a quarter (26%) would like to receive monthly sustainability reports from their banks, while only 20% would like to benchmark or rate themselves using a sustainability index or rating system. rating.

Customers cited sustainable credit and debit cards (45%), savings accounts and green bonds (42%), green loans (31%) and green mortgages (31%) among the offers that they would most like to see in terms of demand. green financial products.

The results also demonstrated the opportunity of green finance for banks, as almost half (49%) of consumers say they would consider switching to a provider with a greater commitment to sustainability, but less than a third ( 32%) are willing to pay a premium in order to do so.

The full report is available here.

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There has been no shortage of growth recently for Halma’s capital returns (LON:HLMA) https://acamet.org/there-has-been-no-shortage-of-growth-recently-for-halmas-capital-returns-lonhlma/ Sun, 29 May 2022 07:16:26 +0000 https://acamet.org/there-has-been-no-shortage-of-growth-recently-for-halmas-capital-returns-lonhlma/

There are a few key trends to look out for if we want to identify the next multi-bagger. In a perfect world, we would like to see a company invest more capital in their business and ideally the returns from that capital also increase. This shows us that it is a compounding machine, capable of continuously reinvesting its profits back into the business and generating higher returns. So on that note, Halma (LON:HLMA) looks quite promising in terms of its capital return trends.

Return on capital employed (ROCE): what is it?

Just to clarify if you’re not sure, ROCE is a measure of the pre-tax income (as a percentage) that a business earns on the capital invested in its business. The formula for this calculation on Halma is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.16 = £278 million ÷ (£2.0 billion – £259 million) (Based on the last twelve months to September 2021).

Therefore, Halma has a ROCE of 16%. In absolute terms, that’s a decent return, but compared to the electronics industry average of 12%, it’s much better.

Check out our latest analysis for Halma

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In the chart above, we measured Halma’s past ROCE against its past performance, but the future is arguably more important. If you’re interested, you can check out analyst forecasts in our free analyst forecast report for the company.

What the ROCE trend can tell us

Investors would be happy with what is happening at Halma. Data shows that capital returns have increased significantly over the past five years to 16%. The amount of capital employed also increased by 44%. So we’re very inspired by what we’re seeing in Halma with its ability to reinvest capital profitably.

The essential

Overall, it’s great to see that Halma is reaping the rewards of past investments and increasing its capital base. And since the stock has performed exceptionally well over the past five years, these trends are taken into account by investors. So given that the stock has proven to have some promising trends, it’s worth researching the company further to see if those trends are likely to persist.

Halma does have risks though, and we spotted 1 warning sign for Halma that might interest you.

Although Halma does not earn the highest yield, check out this free list of companies that achieve high returns on equity with strong balance sheets.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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