SEC charges Giga Entertainment Media, former officers and directors with fraud LeapRate

November 16, 2018 BY Valentina Kirilova

SEC charges Giga Entertainment Media, former officers and directors with fraud

The Securities and Exchange Commission (SEC) has announced that it has charged Giga Entertainment Media Inc. and five of its former officers and directors—Gary Nerlinger, Jarret Streiner, Lawrence Silver, Alfred Colucci, and Charles Noska—with fraud in connection with a scheme to mislead investors. According to the SEC’s complaint, between February and August 2016, the company…

November 16, 2018 BY Valentina Kirilova

New Zealand FMA warns against Harding & Company Advisors

The Financial Markets Authority (FMA) has just issued a warning against a scam company called Messrs John Preston and Robert Harding; Harding & Company Advisors. Messrs John Preston and Robert Harding; Harding & Company Advisors Date: 16 November 18 Address: 17 State St, New York NY 10004 USA Website: www.handcadvisors.com Phone: +1 646 931 1975…

LCH ForexClear reduces notional outstanding by $4.5b through NDF clearing service

November 16, 2018 BY Valentina Kirilova

LCH SwapAgent completes its first swaption trade

LCH SwapAgent, a service for the non-cleared derivatives market, has announced that it has processed its first swaption trade. Two swaptions trades were completed between Nomura and Deutsche Bank, one denominated in Euro and the other in US Dollars. The trades were brokered by ICAP, part of TP ICAP group, and processed by MarkitSERV. Deutsche…

November 16, 2018 BY Valentina Kirilova

ASIC extends relief for non-cash payment facilities

Australian regulator ASIC has amended ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211 to remove an expiry date that would have seen the instrument cease operating in March 2019. The amendment means that the instrument will continue to operate beyond March 2019. ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211 provides relief for the following types of…

Activity on Refinitiv's FX platforms in Asia reaches record highs

November 16, 2018 BY Valentina Kirilova

Refinitiv teams up with Öhman and AlphaDesk to implement end-to-end buy-side workflow solution

Refinitiv, formerly Thomson Reuters Financial and Risk, has announced that it has signed an agreement with Nordic investment management firm E. Öhman J: or Fonder (Öhman) to deliver an end-to-end workflow solution for their investment management business. The agreement will cover the entire pre- to post-trade workflow, and allows Öhman to leverage the full depth…

November 15, 2018 BY Mariela Naydenova

The hash war has begun

After months of debating and anticipation, the hard fork of Bitcoin Cash is officially here. The code for the fork has been activated. As the NextWeb reports: "The Bitcoin Cash blockchain is now split in three separate networks, each with its own set of rules and governing principles: one developed by Bitcoin-ABC, one developed by…

November 15, 2018 BY Mariela Naydenova

The crypto market's value fell by 15% in an hour

Bitcoin has just crashed by over $800 and skimmed 15% of the cryptocurrency market value in just over an hour. Bitcoin was trading above $6,000, but suddenly fell to $5,530. The initial decrease happened in about half an hour, which really shocked the market and Bitcoin investors. Other major alt coins, such as Ethereum and…

November 15, 2018 BY LeapRate Staff

Warning issued against offshore CFDs broker Rocket Consultant Group

Canadian financial regulator BCSC (British Columbia Securities Commission) has issued a warning against offshore CFDs broker Rocket Consultant Group. The move comes just several days after a similar warning issued by New Zealand's FMA involving CCM Clearing Limited, a Bulgaria based entity which the FMA said is associated with Rocket Consultant Group. The FMA stated that Rocket Consultant Group could…

November 15, 2018 BY LeapRate Staff

Hedge fund Algointeractive and founders hit with $1 million fine

A federal court in New York has entered orders against Kevin P. Whylie of Ozone Park, New York, Matthew James Zecchini of East Islip, New York, and the New York hedge fund they co-founded, Algointeractive Inc(together, Defendants), to pay more than $1 million in civil monetary penalties and restitution. The Court’s Orders resolve the Commodity Futures Trading Commission’s (CFTC) enforcement…