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Financial Pros: 35% Battle Job Exhaustion

O.C. Tanner's 2023 Global Culture Report indicates that 35% of financial services professionals feel extremely exhausted and 27% are emotionally drained by their workload. Deloitte conducted a study revealing that these professionals are at a high risk of burnout due to the intense pressure to deliver results. Business leaders must take action to provide balance between work and leisure, and recognition for employees' hard work, in order to inspire productivity and prevent burnout.

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FCA Pursues Siblings in £750K Scam

Peter and Andrew Currie, along with a third former director, George Osborne, were convicted yesterday by Southwark Crown Court for their role in Fairhomes International, an investment firm which dishonestly and recklessly misappropriated investor funds. They had forged documents to secure £4 million of investments in a land deal and transferred investor funds to their own accounts without consent, potentially leaving investors out of pocket to the tune of £19 million. The Financial Conduct Authority shut down the firm in 2017 and the Curries and Osborne have been ordered to pay back investor funds and banned from directing companies for between four and five years. The gravity of their deception and exploitation of trusting investors has been acknowledged by the judge, sending a strong message that such actions will not be tolerated.

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Bitcoin Soars: Global Crypto Regulation Debuts

The International Organization of Securities Commissions (IOSCO) has unveiled an eighteen-point plan, "Crypto Asset Regulation", with the intention of protecting crypto investors and allowing for stable and responsible trading. The plan includes proposals for simplifying the regulatory process, having global standards for monitoring, offering protections for investors, and providing freedom for margin trading. The unified approach has widely been welcomed by the crypto industry and is seen as a step forward to bring greater adoption and stability in the global market, allowing investors to have confidence investing in the unpredictable world of cryptocurrencies.

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