Transamerica entities to pay $97 Million to investors LeapRate

August 28, 2018 BY Valentina Kirilova

Transamerica entities to pay $97 Million to investors

The Securities and Exchange Commission (SEC) has announced charges against four Transamerica entities for misconduct involving faulty investment models and ordered the entities to refund $97 million to misled retail investors. According to the SEC’s order, investors put billions of dollars into mutual funds and strategies using the faulty models developed by investment adviser AEGON…

August 28, 2018 BY Valentina Kirilova

CLS names PwC’s Duncan Barnard Chief Internal Auditor

CLS, a market infrastructure group delivering settlement, processing and data solutions, has just announced that Duncan Barnard has been appointed Chief Internal Auditor. Based in New York, Duncan Barnard is responsible for leading CLS’s audit activity globally. He reports to the Audit and Finance Committee of the CLS Board and to CEO David Puth. Barnard…

Chinese cabinet officials rescind previous threat to ban mining operations

August 28, 2018 BY Valentina Kirilova

Elastos announces merged mining partnership with Bitmain

Elastos (ELA), the first blockchain-powered Internet infrastructure, has just announced a merged mining partnership with Bitmain Technologies, the consumer-grade ASIC miner. The merged mining partnership is monumental for miners and future users of the smart web platform, as it guarantees the security of the Bitcoin network by sharing its hashpower and serves as a significant…

August 28, 2018 BY LeapRate Staff

FX affiliate Investoo adds Jamie Beadle as COO, James McCarthy as GC

Fast-growing FX and cryptocurrency affiliate company Investoo Group has continued to build its senior management team, announcing two more senior hires. Just a few days after we had reported that Investoo hired Worldpay VP James Beale as Chief Finance Officer, the company has announced the appointment of Jamie Beadle (pictured above) as Chief Operating Officer, and…

August 28, 2018 BY Valentina Kirilova

Huobi Chain announces Expert Advisory Committee

Huobi Chain has announced the eight members of the Huobi Chain Expert Advisory Committee. These esteemed experts in the blockchain & technology space include Steve Hoffman, Laura Xiaolei Liu, OOI Beng Chin, Don Tapscott, Jeffrey Wernick, Lon Wong, Jihan Wu, and, Randi Zuckerberg. The Huobi Chain expert advisory board will act as a think tank…

August 28, 2018 BY Valentina Kirilova

Legg Mason Inc. fined over $34 million by SEC

The Securities and Exchange Commission (SEC) has announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials. According to the SEC’s order, between 2004 and 2010, a former Legg Mason asset management…

August 28, 2018 BY Mariela Naydenova

Iran is ready with the state-backed cryptocurrency draft

Iran is one of those countries that arguably is going to launch its own cryptocurrency very soon. After Venezuela made the Petro. a digital coin, its official currency, some other countries seem to be ready to launch their own digital money. According to media, the President of Iran, Mr. Hassan Rouhani stated that the cryptocurrency "plan"…

August 27, 2018 BY Valentina Kirilova

Nikko AM SGD Investment Grade Corporate Bond ETF listed on SGX

Singapore Exchange (SGX) has welcomed the listing of Nikko AM SGD Investment Grade Corporate Bond ETF, the first exchange-traded fund (ETF) that offers investors easy access to a basket of Singapore Dollar-denominated, investment grade corporate bonds in affordable units. This ETF is launched by Nikko Asset Management (Nikko AM), one of the largest ETF managers…

August 27, 2018 BY Valentina Kirilova

Broctagon Prime switches to MetaTrader 5

The Cyprus-based broker Broctagon Prime has just announced that it starts offering its clients the fifth-generation multi-asset trading platform MetaTrader 5 developed by MetaQuotes Software. Broctagon Prime is licensed by CySEC and is fully compliant with the regulations of Markets in Financial Instruments Directive (MiFID). The company specializes in Spot FX and Commodities to continually…

August 27, 2018 BY Valentina Kirilova

Cboe to launch U.S. High Yield Corporate Bond Index futures trading

Cboe Global Markets, Inc. (Nasdaq:CBOE) has announced that Cboe Futures Exchange (CFE), plans to offer trading in Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index (IBHY) futures beginning September 10, 2018, pending regulatory review. The $8.5 trillion U.S. corporate bond market includes robust cash and exchange-traded fund (ETF) markets, however, there is currently no…