Australia based private equity manager CHAMP Private Equity has announced that its CHAMP IV Funds have entered into an agreement to exit its investment in Pepperstone, one of the largest Australia based Retail FX brokerage groups. CHAMP had first invested in Pepperstone in 2016. Going forward the business will be owned by Pepperstone’s founders, and its…
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The Autorité des Marchés Financiers (AMF) has informed the public that it has added Maxence Delorme to the Enforcement Assistance Department (DICS). Maxence Delorme joined the AMF on 3 September 2018 as Director of the DICS and advisor to Marie-Hélène Tric, Chairman of the Enforcement Committee, having been Deputy Public Prosecutor and Head of the…
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The Administrative Appeals Tribunal (AAT) has informed the public that it has upheld the decision of ASIC to ban former Perth financial adviser Mr Jason Sean Atkins from providing financial services for three years. Mr Atkins provided advice to clients to establish a self-managed superannuation fund (SMSF) and use limited recourse borrowing arrangements to fund…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Cap Governance LLP. Cap Governance LLP is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Luxembourg based private label fund manager Axxion S.A. has built up a 5% ownership position in FCA regulated Retail CFD broker Plus500 Ltd (LON:PLUS). The stake, totaling 5,808,270 Plus500 shares, are worth about £82.3 million (USD $107 million) and represent 5.1% of Plus500's outstanding shares. The move…
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NEX Regulatory Reporting, a NEX Group (LON:NXG) business which provides regulatory reporting services across global regimes, has announced today that it has launched a new solution for derivatives transaction and position reporting under ASIC’s (Australian Securities and Investments Commission) OTC derivatives trade reporting requirements. The ASIC solution expands NEX Regulatory Reporting’s global reporting coverage and…
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The Securities and Exchange Commission (SEC) has announced that Connecticut-based United Technologies Corporation will pay $13.9 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by making illicit payments in its elevator and aircraft engine businesses. According to the SEC’s order, United Technologies subsidiary Otis Elevator Co. made unlawful payments to…
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Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has reported record Revenues amid continued growth in the first half of 2018. Overall, SafeCharge brought in $66.8 million in Revenues, up 14% from 2H-2017 and up 26% from the previous year's first half. Financial highlights for 1H-2018 Revenue growth of 26% to US$66.8 million…
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New Zealand’s exchange (NZX) has informed that it has signed a memorandum of understanding (MoU) with Nasdaq. This memorandum demonstrates the commitment both exchanges have to work more closely to connect their capital markets for the benefit of companies and investors in each country. NZX Chair James Miller commented: We are pleased to have extended…
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Bitcoin is definitely taking a plunge these days. The cryptocurrency is trading for around $6,500 at the time of this writing. Even hodlers seem anxious to see what will happen with the "people's currency". Walmart, on the other hand, is selling a different kind of Bitcoin - the Frankford ones - for as little as…
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