June 29, 2018 BY Valentina Kirilova

ASIC disqualifies former director of Walton Construction

Australian regulator ASIC has announced that it has disqualified Mr Craig Hall Walton of East Melbourne, Victoria, from managing companies for four years as a result of his involvement in two failed companies. Mr Walton was disqualified after liquidators were appointed to Walton Construction Pty Ltd ACN 060 900 218 and Walton Construction (QLD) Pty…

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June 29, 2018 BY Valentina Kirilova

SEC and CFTC announce approval of new MoU

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have announced that the two agencies have approved a Memorandum of Understanding (MOU) that will help ensure continued coordination and information sharing between the two agencies. The MOU updates and enhances a 2008 MOU to make it more relevant in the current…

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June 29, 2018 BY LeapRate Staff

Trading software provider TradeMasters and owner Mick Schacke hit with fraud fine

The U.S. Commodity Futures Trading Commission (CFTC) has announced that the Honorable Gloria M. Navarro of the U.S. District Court for the District of Nevada (Las Vegas) entered an Order of Summary Judgment against Defendant Mirko (Mick) Schacke of Brentwood, California (formerly Antioch, California), and a Default Judgment against Schacke’s company, TradeMasters USA, LLC of Las Vegas, Nevada. The…

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June 28, 2018 BY LeapRate Staff

Former Equifax manager Sudhakar Bonthu charged with Insider Trading

The U.S. Securities and Exchange Commission (SEC) has announced that it has charged a former Equifax manager with insider trading in advance of the company’s September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 million U.S. customers. This is the second case the SEC…

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June 28, 2018 BY Valentina Kirilova

FCA warns against Everett Capital Partners firm

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 Everett Capital Partners. Everett Capital Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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June 28, 2018 BY LeapRate Staff

Stater Global Markets hires Simon Henry as Head of Compliance

For the second week in a row, FCA regulated FX prime brokerage Stater Global Markets has made a major addition to its senior management team, as it looks like the company is gearing up for a major push in the FX liquidity and prime-of-prime brokerage space. After we broke the news last week that Stater had added IG…

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June 28, 2018 BY Valentina Kirilova

LCH clears first trade for Mexican bank

LCH Limited (LCH), a global clearing house, has announced that it is now actively clearing trades on behalf of a Mexican-domiciled participant. BBVA Bancomer completed a cleared Mexican-peso denominated TIIE interest rate swap, with BBVA SA Madrid acting as the clearing broker. The transaction marks the first time a Mexican participant has used LCH SwapClear,…

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June 28, 2018 BY Valentina Kirilova

Euronext Dublin names Daryl Byrne as new CEO

Euronext announced today that Deirdre Somers has resigned from her position as CEO of Euronext Dublin. The Supervisory Board of Euronext N.V. has nominated Daryl Byrne as CEO of Euronext Dublin, Head of Debt & Funds Listings and ETFs and member of the Managing Board of Euronext N.V., subject to formal appointment by an Extraordinary…

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June 28, 2018 BY Valentina Kirilova

DBA Telecommunication (Asia) Holdings Limited fined $20,000 by SFC

The Eastern Magistrates’ Court has announced that it has today convicted DBA Telecommunication (Asia) Holdings Limited (DBA) after it pleaded guilty to making a false or misleading statement in a prosecution brought by the Hong Kong Securities and Futures Commission (SFC). DBA was fined $20,000 and ordered to pay the SFC’s investigation costs. On 28…

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