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Jimmy Choo co-founder Tamara Mellon reveals the lessons she’s learned in the fashion industry

“Sweat equity describes the contribution a businessperson puts into a project in the shape of effort and labor” writes unknown author for cnbc.com. On Tuesday, Mellon reiterated what she said on Equal Pay Day, about how she did three private equity deals with Jimmy Choo and went onto discover that the male CEOs received double the sweat equity that she did. Source: cnbc.com Share This:

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Wells Fargo considers combining wealth management divisions

“During the bank’s investor day conference in March, Jon Weiss, head of wealth and investment management, said Wells Fargo is exploring ways to increase efficiency among the bank’s wealth businesses” writes unknown author for cnbc.com. The two divisions — the private client group overseen by David Kowach and wealth brokerage services overseen by Jay Welker — have long overlapped.Wells Fargo said Monday it is considering restructuring and possibly combining two of its retail brokerage businesses, a move to increase efficiency among the two legacy units.Wealth brokerage services, which employs brokers…

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CONSOB Warns against New Set of Unregulated Brokers

“Unlike the usual unregulated brokers, whose websites resemble Windows 95 clip-art, the firms CONSOB warned users against today are operating fairly slick websites” reports financemagnates.com. With unregulated brokers seemingly upping their game, it’s vital that regulators stay on top of them and warn investors against trading with them. Source: financemagnates.com Share This:

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Leslie Jones offers Kelly Marie Tran some advice for dealing with internet trolls

“Do you have any advice for Star Wars: The Last Jedi star Kelly Marie Tran, who is facing the same kind of harassment?” reporter Seth Abramovitch asked Jones” writes Brian Koerber for mashable.com. Two years later, she’s had some time to reflect, and has offered up some advice to Star Wars: The Last Jedi star Kelly Marie Tran in a recent interview in The Hollywood Reporter.Actress Leslie Jones is basically a pro at dealing with internet trolls. Source: mashable.com Share This:

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Trump says he won’t sign ‘moderate’ immigration bill, dealing setback to GOP negotiations

“President Donald Trump ignited eleventh-hour confusion Friday over Republican efforts to push immigration through the House next week, saying he won’t sign a “moderate” package” writes Jill Colvin for sun-sentinel.com. “House Republicans are not going to take on immigration without the support and endorsement of President Trump,” McHenry said. Source: sun-sentinel.com Share This:

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Why Retail Brokers are Pivoting to Institutional Clients

“There is no system designed for this purpose and none which can better cater to institutional and retail clients” reports financemagnates.com. Consequentially, retail firms need to move their client base upstream.Condor Back Office allows firms to adapt to today’s challenges by letting a retail broker use their existing MT4 License to target and manage institutional client’s effectively. Source: financemagnates.com Share This:

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ATFX Awarded the “Fastest Growing Forex Broker, Europe 2017”

“As an international online leader in forex trading, we intend to continue getting it right and remain the fastest growing broker, be it in Europe or in any other part of the world” reports financemagnates.com. That, combined with our multilingual support, bespoke client services and media attention we continue to attract traders to our award-winning brokerage.And given that European FX traders are spoiled for choice with a massive number of FX brokers to choose from, ATFX is proud to have been recognized for its ability to grow at a fast…

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Breaking: New European Retail Broker Leverage Rules Kick Off in August

“Today the pan-European financial regulator announced that the measures against binary options and CFDs brokers have been published in the Official Journal of the European Union” reports financemagnates.com. The binary options product will be fully prohibited, while CFDs are going to get restricted for retail investors.In addition, brokers will need to adhere to a 50 percent margin closeout rule and provide negative balance protection. Source: financemagnates.com Share This:

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Too old to trade? GMO Click clarifies policy regarding those aged 81 years and above

“Japanese online trading services provider GMO Click Securities, a subsidiary of GMO Internet Inc. (TYO:9449), has earlier today broken that taboo and has shed some light on how it treats older customers” reports financefeeds.com. The broker has outlined its policy regarding people that are 81 years old or more.The broker has stopped offering new dealings in Forex and options to customers aged 81 years and above.However, some products are still available to elderly clients, including (certain) shares and bonds. And although European brokers will have to pay attention to the…

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Russian Forex brokers may benefit from simplified procedure for client identification

“Russian Forex brokers (also known as Forex dealers, as per their official designation) may be able to make use of a simplified procedure for client identification” reports financefeeds.com. The authors of the document explain that, as of May 15, 2018, the number of clients of the licensed Forex brokers in Russia is 3,539.One of the reasons for that is that the current Russian laws lack a provision permitting simpler client identification at Forex dealers, the authors of the bill state. Source: financefeeds.com Share This:

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