Prime broker Linear Investments disputes £409,300 FCA fine LeapRate

September 27, 2018 BY Valentina Kirilova

Prime broker Linear Investments disputes £409,300 FCA fine

The Financial Conduct Authority (FCA) has just published a Decision Notice concerning Linear Investments Limited (Linear). Linear failed to take reasonable care to organise and control its affairs responsibly and effectively to ensure potential instances of market abuse could be detected and reported. The failure occurred from 14 January 2013 to 9 August 2015. Linear…

Neufund presents a public offering of equity on the blockchain

September 27, 2018 BY Valentina Kirilova

Neufund teams up with Blocktrade.com to unlock tokenization in the financial market

Neufund, the end-to-end primary issuance platform for security tokens, has announced that it is partnering with trading facility, Blocktrade.com, to bring much needed liquidity to tokenized real-world assets. This alliance follows previous secondary market partnerships with BitBay, Binance, and MSX of Malta Stock Exchange. Neufund’s set of protocols for enhanced ownership allows anyone to give real-world assets…

DFSA launches Cyber Threat Intelligence Platform

September 27, 2018 BY Valentina Kirilova

SEC charges Voya Financial Advisors Inc. with deficient cybersecurity procedures

The Securities and Exchange Commission (SEC) has announced that a Des Moines-based broker-dealer and investment adviser has agreed to pay $1 million to settle charges related to its failures in cybersecurity policies and procedures surrounding a cyber intrusion that compromised personal information of thousands of customers. The SEC charged Voya Financial Advisors Inc. (VFA) with…

September 27, 2018 BY Valentina Kirilova

FCA warns against Minsura clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Minsura. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to scam…

September 27, 2018 BY Valentina Kirilova

FTSE Russell promotes China A Shares to Emerging market status

FTSE Russell, the global index, data and analytics provider, has confirmed that the China A Shares market will be promoted to Secondary Emerging market status following the September 2018 annual country classification review. FTSE Russell formally reviews country classifications within its FTSE Global Equity Index Series (FTSE GEIS) using a comprehensive, transparent and consistent methodology.…

Securities Commission Malaysia: New capital market initiatives

September 27, 2018 BY Valentina Kirilova

Securities Commission Malaysia revokes licenses of two individuals

The Securities Commission Malaysia (SC) has informed the public that it has revoked the Capital Markets Services Representative’s Licences (CMSRLs) of two individuals, namely Ewe Lay Peng (Ewe) and Tan Yee Chee (Tan). Ewe and Tan’s CMSRLs were revoked effective 3 September 2018 as the SC has reason to believe that they are no longer…

September 27, 2018 BY LeapRate Staff

Teddy Sagi increases SafeCharge stake, buying shares from CEO David Avgi

Globe Invest, the family office of online entrepreneur Teddy Sagi, has announced that Northenstar Investments Ltd has increased its shareholding in online payments solutions company SafeCharge International Group Ltd (LON:SCH) by acquiring an additional 3,995,185 shares in the AIM listed entity. Northenstar’s shareholding in SafeCharge has risen to 68.34% following the new transaction. Northenstar is…

Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports

September 27, 2018 BY Valentina Kirilova

ESMA to publish new data completeness indicators for trading venues

The European Securities and Markets Authority (ESMA) has today announced details of two new data completeness indicators for trading venues detailing the delivery of double volume cap (DVC) and bond liquidity data. The two indicators – the Completeness Ratio and the Completeness Shortfall – will assist trading venues in delivering complete and accurate data on…

STOXX Low Carbon products licensed to Italian bank IMI

September 27, 2018 BY Valentina Kirilova

STOXX licenses EURO STOXX Multi Premia index to Credit Suisse Asset Management

STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, has informed that it has licensed the EURO STOXX Multi Premia Index to Credit Suisse Asset Management as an underlying for an index fund. The index integrates the academic, research-based Multi Premia® methodology developed by…

September 27, 2018 BY LeapRate Staff

Brokeree Solutions introduces customizable packages for MetaTrader brokers

Estonia based Brokeree Solutions, which provides high-grade technology solutions for brokers, has announced that it has introduced customizable packages for MetaTrader 4 and 5 forex brokers. MetaTrader brokers who plan a bulk procurement of cutting-edge technology and want to stay on track with current tech trends can now purchase solution packages from Brokeree Solutions and…