A REPLY FROM AN OAKFX DISTRIBUTOR TO A WARNING FROM THE FMA
Phoenix Forex Ltd. is the company that is responsible for distributing the foreign exchange software package oakfx in new zealand. Recently, the Financial Markets Authority issued a warning about oakfx. “the announcement came as a surprise to phoenix forex,” said kendall twigden, a spokesperson for the company. “We have had constructive dialogue with the fmA for some time in an effort to satisfy them that we should not ultimately need a license to trade futures because phoenix forex is simply a distributor of a software product,” twigden continued. “The announcement came as a surprise to phoenix forex.” This consulting process has been carried out intermittently throughout the course of the last 18 months, both directly and with the assistance of our legal team, which includes a well regarded barrister and qc. “we have taken the following (well documented) steps to comply with and/or answer any questions they have; -changed our purchase documentation -updated the website -changed marketing material -added risk statements to outgoing radio advertisement -changed brokers and the method the software terminates trades in an effort to satisfy them that the broker trades the “spot” market, not futures -we met several times with fma representatives and responded at length to each request for information and clarification – mark brewer, who sells the product with his team in auckland, responded to selected questions and comments from the media by stating that phoenix had invited the fma to attend a meeting in auckland with one of its brokers, the software developer, and its legal team in an effort to further update paperwork, as well as the paperwork of the broker, to satisfy the fma. brewer made this statement in response to questions and comments from the media. “the FMA did not react to our request for attendance or attend the meeting. After that, our attorneys got in touch with them over the phone and requested a meeting with them so that they could finally sort out the problems they were having. “The statement that was made (some days later) yesterday was the answer to that request for clarification of their stance and meeting request,” Mark Brewer said. “we want it to be apparent that phoenix forex completely supports the regulation of the financial markets and the fma’s role in protecting investors,” kendall twigden said. “We want to it clear that phoenix forex fully supports the role that the fma plays in safeguarding investors.” “We do also stand by our position that we are simply distributing automated software that was developed offshore and that ultimately uses funds in a client-controlled, ASIC-regulated broker account. For this reason (and with some advice on the subject), it was never envisioned that the company would need to be licensed, and we do not intend to change this position at this time.” We also take notice of the fact that the Food and Drug Administration spent 15 months to come to the conclusion that it does. We believe that the actions of Phoenix Forex, as a distributor for Oakfx, may have fallen inside a “gray area” for the act and maybe the fma, and that as a consequence, their duty was a tough one. ” “that being said, given the fma’s sweeping powers under the new act following the many finance company collapses, along with their unlimited legal resources, unfortunately we of course have no option but to comply fully with their position,” Twigden said. “This is the case irrespective of the consequences to our customers, many of whom have become very good friends, or our staff, who are like family.” Mark Brewer commented that the developer of the oakfx software has withdrawn the license to distribute in new zealand from phoenix as a result of the regulatory environment in new zealand now (noting that the fma’s view that phoenix needs to be licensed financial providers does not apply in most jurisdictions globally). This was in response to the fact that the regulatory environment in new zealand now. “but, we have it on good authority that the developers aim to keep supporting both the product and local New Zealand clients from their base in Australia. For this specific objective, the developer is seeking to hire a customer care representative to work with them in Australia, and specifics about how to get in touch with them will be provided in due time. “the schedule and choices pertaining to this are totally in their control,” stated brewer. “1. all clients who purchased oakfx signed documentation that clearly stated the product came with a degree of financial risk and that past returns are not indicative of future returns,” kendall twigden and mark brewer said they wished to point out the following. “as some misinformation has already appeared in selected media, kendall twigden and mark brewer said they wished to point out the following.” We will keep a copy of these materials in our archives. 2. during the course of the last several years, ever since the beginning of the global financial crisis, many different kinds of investments have failed to deliver the returns that investors anticipated, and there has been some degree of capital loss across the board. Oakfx has generated returns that are much higher than those of several of these other assets. 3. Phoenix is not under any legal obligation to assist clients who have not enjoyed the returns they were anticipating. Despite this, we have been working with a small number of clients who have experienced unusually large individual open positions as a result of the euro crises earlier in the year in order to reset their accounts. More information will be made available to those individuals in the next weeks as Phoenix Forex Ltd. works with the developer to assist. Our capacity to help these clients may have been jeopardized as a result of the fma’s announcement. “again we re-iterate that it was our fervent desire to on-sell a product with integrity, hard work, and honesty and which we believed would significant” “we believe that
THE ELECTIONS FOR THE DELHI ASSEMBLY IN 2013: WHAT KIND OF SURPRISES CAN WE EXPECT?
Posted on October 31, 2013 by Hemendra Jha. As soon as Diwali is over, the fight for Delhi in 2013 will pick up its pace. Both the Congress and the BJP will choose fewer candidates from their respective candidate lists in order to compete in the next assembly elections. The Aam Aadmi Party, which is led by Arvind Kejriwal and has decided to run candidates in 70 seats, has already selected 65 of those candidates. Dr. Harsh Vardhan has been selected as the bjp’s nominee for the position of chief minister. This pick over Mr. Vijay Goel looks apparent as this elevation for the cm position for Dr. Harsh Vardhan would enable the party to defeat the anti-corruption and anti-incumbency campaign that the AAP is doing in the capital city. Not only would victory in Delhi be significant for the BJP and Congress, but it will also be significant for the aap for symbolic reasons. while the BJP and Congress would associate it with the Lok Sabha elections in 2014, the AAP will see it as an opportunity to evolve into a national party via these elections. The majority of recent opinion surveys have shown that the next election in Delhi would result in a hung legislature. The BJP might win between 26 and 29 seats, while the Congress could end up with 25 to 26 seats, and the AAP is hoping to win between 12 and 14 seats. There is a possibility that 1-3 seats will be taken by other people. It is puzzling as to why the BSP under Mayawati’s leadership has not joined the fray as of yet, given that they did so in 2008. Jyoti Basu is the first chief minister in the history of the West Bengal Assembly in India to have achieved the feat of winning a record number of four consecutive terms. Sheila Dixit would illustrate the argument that she was crucial in transforming the face of Delhi via a succession of her government-led efforts for the development work if she is successful in leading the congress party to a fourth term win in delhi and if she is elected as the mayor of delhi. The following is a rundown of some of the unexpected outcomes that the upcoming elections for the Delhi Assembly might produce: 1.Congress may not have the necessary number of votes to win a majority, but it may still be able to form a government in the state of Delhi because the Aam Aadmi Party (AAP) will not back the Bharatiya Janata Party (BJP) and will most likely not participate in the vote on the floor. This will allow a party with only 28-29 seats to form the next government in the state of Delhi. 2.The BJP is putting its weight behind elevating Narendra Modi to the position of prime ministerial candidate in an effort to win over voters in Delhi. The success of the namo event in Rohini, which was able to draw a big audience, is evidence of the candidate’s popularity among voters in Delhi. 3. The vote of those opposed to Congress is becoming very split between the AAP and the BJP. There is no doubt that congress will profit from it. When combined, the lower class vote bank of Congress and the muslim vote bank have the potential to work wonders for Sheila in December of 2013. The 4.16 seats in Delhi with the highest migrant population will be very important and might determine the outcome of the election for all parties. So, will the aspect of class continue to be important? The results of the elections for the Delhi Assembly, which took place in December 2013, are something that we must all wait and watch for.
BLOG THAT YOU SHOULD FOLLOW THAT WRITES ABOUT THE PREHISTORIC
Dofollow blog, , please provide a definition regarding the prehistoric period. The period or era known as prehistory is the time when people could still identify handwriting, also known as the bc era. antiquity, ever from the beginning of time and space itself, but the more frequent is when they begin to become available to human life on earth. The study of prehistory marks the start of both the history of science and of history itself. The point at which individuals of different races first became able to identify handwriting serves as a good indicator of when the prehistoric period came to an end. People are aware, for instance, that writing originated in Egypt some 4000 years before now. This indicates that the country has officially entered an age of Egyptian history that dates back 6000 years ago. The kutai kingdom, which is the earliest kingdom in indonesia, was established in the 5th century, which marks the beginning of recorded history in the country of Indonesia. The discovery of the heritage yupa-shaped inscription on the bank of the mahakam river kutai is proof that this is the case. Relics from the prehistoric period may be found in the fields of paleontology, astronomy, biology, geology, anthropology, and archeology. This is due to the fact that there was no writing during this time period. Human life has been around since ancient times and has divided twice: the first time, during the Pleistocene/Pleistocen period, around 10,000 years ago, people did not know where to search for food assistance and self-defense. The second period is known as the holocene or holocene, and it is at this time that people first started developing instruments for hunting and self-defense. they referred to as cavemen. meganthropus, meganthropus robustus, pithecanthropus, pithecanthropus mojokertensis, pithecanthropus erectus, pithecanthropus soloensis, and so on are all examples of different types of ancient humans. According to the results, the first signs of animal life appeared about 65 million years ago. They referred to this phenomenon as the ancient beast. dinosaurs, mammoths, smilodon or sabretooth, coelacanth, deinotheirum, longisquama insiqnis, ambulocetus, chalicotherim, macrauchenia, arthropluera armata, and other extinct animals are some examples. One of the oldest types of crops are plants that have survived in fern forests for anywhere between 65 and 27 million years and have continued to exist up to the present day. You may be interested in reading these articles: 1. dofollow blog write definition wikipedia dofollow blog write 2. a blog that you should follow that is on the definition of camouflage 3. post on a blog that you follow and write a definition regarding opec
RUSSIAN RUBL IN TODAYS MARKET
Today, rubies are named only red version of the mineral corundum, its closest buddy (by the composition is practically identical twin) – sapphire. sapphire is the name given to the blue variety of the material. The only thing that differentiates these two stones is the amount of metal that contributes to their hue. Ruby only occurs in its namesake color, but sapphire may be found in a wide range of hues. The color of a ruby may range from a very light pink to a deep crimson or even black. The rubies that have the hue known as “pigeon blood” (brilliant red with a hint of purple) are considered to be the “perfect” rubies; nonetheless, these stones are very uncommon. On occasion, the star in the shape of a hexagon may be seen on the surface of the ruby. Asterism is the term that’s used to describe this kind of occurrence. Despite the fact that this star is generated by inclusions rather than by the qualities of the stone itself, stones are believed to be the most precious and costly of all minerals. In comparison to other valuable stones, the ruby gemstone is the second hardest after a diamond; but, much like a diamond, it is brittle and may break. During the faceting process, the cutter will need to exercise extreme caution because of this, and later on, jewelry with rubies is suggested to guard against falls and bumps. Its brightness shine is comparable to that of a diamond’s (albeit somewhat less brilliant), and the price of a huge ruby stone may be many times more than that of a diamond. Ruby gemstones have long been associated with strength and ardent love. Today, jewelry featuring rubiessuch as rings or earringsindicates the high social rank of the wearer, such as a ruby ring set in white gold. In general, Germany, Israel, and Bangkok are the three countries that are responsible for the processing of almost all of the world’s most precious rubies. A minute percentage of the stones originated in the cities of Geneva, Antwerp, and New York. However, Japan is the primary cutter of the great majority of rubies cut in the form of stars (rubies with asterism). Many people who appreciate fine jewelry are fascinated with ruby even now, just as they have been throughout history. Nearly all affluent people have the means to purchase it, which is the primary factor that led to the development of synthetic ruby as a substitute for natural ruby. Late in the 19th century, French manufacturers were the ones that introduced the product to the world. 1947 marked the beginning of the active synthesis of star ruby, and today’s jewelry markets are rife with synthetic stones. In order to create the optical effect of a star in a ruby crystal, a very little quantity of titanium oxide material must be added at the beginning process.