ASIC office
July 26, 2018 BY Valentina Kirilova

ASIC obtains orders against investment scheme operator

Australian regulator ASIC has just announced that it has obtained final orders in the Supreme Court of Queensland against Daniel Farook Ali, former director of DanFX Trade Pty Ltd (DanFX). ASIC commenced proceedings in 2017 alleging that Mr Ali, through DanFX, operated an unregistered managed investment scheme known as the Daniel Ali Scheme, which raised…

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cmc markets offices
July 26, 2018 BY LeapRate Staff

CMC Markets sees Q1-2019 income 'moderately above' last year

London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) has issued its Trading Update for its FY-2019 first quarter (the three month period of April-June 2018, CMC has a March 31 fiscal year end), not giving much in terms of specifics other than to say that Net Operating Income for the first quarter was…

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Nasdaq
July 25, 2018 BY Valentina Kirilova

Nasdaq reports strong organic revenue growth in 2Q 2018

Nasdaq, Inc. (Nasdaq:NDAQ) has just reported financial results for the second quarter of 2018. Some of the highlights include: In April, the company completed the divestiture of its Public Relations Solutions and Digital Media Services businesses, a key step in our strategic repositioning to maximize opportunities as a capital markets technology and analytics provider. Second…

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Belize regulator IFSC warning
July 25, 2018 BY Valentina Kirilova

Belize regulator IFSC warns against Kerry Sitar Global Limited

Belize financial regulator IFSC has issued a Warning Notice regarding a company called Kerry Sitar Global Limited, operating via website www.kysrfx.com/en/supervise.aspx. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in…

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insider trading
July 25, 2018 BY Valentina Kirilova

SEC detects Silicon Valley executive’s insider trading

The Securities and Exchange Commission (SEC) has announced that a senior executive at a Silicon Valley fiber optics company has agreed to settle charges that he made nearly $200,000 in illicit profits by trading on inside information in advance of three disappointing earnings announcements by the company. The case stems from the SEC Market Abuse…

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TISE adds Likewise as a new listing
July 25, 2018 BY Valentina Kirilova

More new listings and members announced at TISE

There has been further growth in new listings on The International Stock Exchange (TISE), with 338 newly listed securities during the first half of 2018. This takes the total number of listed securities on the Exchange up to 2,642 at the end of June 2018. During the same period, four new members have been approved…

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