The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loanovao. 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…
Read moreOn June 4, Shenzhen Stock Exchange (SZSE) has announced that it has released the Notice on Adopting the SZSE Corporate Bond Listing Agreement and SZSE Asset-backed Security Transfer Service Agreement (hereinafter as the “Notice”). According to the Notice, the new Corporate Bond Listing Agreement and ABS (Asset-backed Security) Transfer Service Agreement (New Agreements) will be…
Read moreThe Hong Kong Securities and Futures Commission (SFC) announced that it has publicly censured and imposed a 24-month cold-shoulder order against Chan Shing for breaching the mandatory general offer obligation of the Takeovers Code. Chan was the chairman and managing director of Burwill Holdings Limited at the time the breach took place. He and his…
Read moreSolactive has just announced the launch of the Solactive Australian Investment Grade Corporate Bond Select TR Index used as the basis for BetaShares Australian Investment Grade Corporate Bond ETF (CRED). The index seeks to replicate the performance of a portfolio of investment grade, senior corporate bonds denominated in Australian dollars (AUD). The index methodology will…
Read moreThe global fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) has just announced that it has further expanded its global market intelligence business with the acquisition of MackayWilliams, a specialist European fund market and research firm. The acquisition will combine Broadridge’s fund data and analytics solutions with MackayWilliams’ insight into European mutual fund trends, brand perceptions and…
Read moreCopenhagen based Forex and multi asset broker Saxo Bank and Nasdaq, the global provider of trading, clearing, exchange technology, listing, information and public company services, have just announced a cooperation to launch a new digital investment portfolio in the SaxoSelect universe based on Nasdaq Dorsey Wright research. The new portfolio, named Nasdaq DW Global Momentum,…
Read moreAustralian regulator ASIC has announced that it has permanently banned Mr Max Kiattisak Eung (also known as Kiattisak Eungpongpan), of Tempe, New South Wales from providing financial services and engaging in credit activities. Mr Eung was banned following an ASIC investigation into his conduct between March 2016 and December 2016 while he was a financial…
Read moreB2Broker, a liquidity and technology solutions provider for the crypto and FX brokerage industry, has announced that it has reached a further milestone in its expansion plans with the launch of its new Cyprus office. The new office will house a specialised technical support team aimed at servicing its clients across the European region. Cyprus…
Read moreVanEck has announced that it will partner with SolidX to list a physically-backed bitcoin ETF that will be insured against loss or theft of bitcoin. SolidX will act as the sponsor of the ETF and VanEck will provide marketing services. The two firms will work jointly with regulators. VanEck was the first to file for…
Read moreLeapRate Exclusive... LeapRate has learned that FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) has decided to discontinue its international money transfer business. The service was being offered only in the UK. GAIN Capital first announced plans in early 2016 to launch a separate money transfer business under the separate brand and website ForeignExchange.com. The business…
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