May 31, 2018 BY LeapRate Staff

Goldman Sachs junior banker charged in Insider Trading scheme

The U.S. Securities and Exchange Commission (SEC) has announced charges against an employee of prominent investment bank Goldman Sachs (NYSE:GS) with repeatedly using his access to highly confidential information in order to place illicit and profitable trades in advance of deals on which the bank was providing investment banking advisory services. According to the SEC’s complaint,…

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May 31, 2018 BY LeapRate Staff

Charles-Henri Sabet resigns as CEO of LCG as results improve in 2H-2017

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (NEX:LCG) has announced its results for the full year 2017, indicating steady if unspectacular improvement in the second half of the year. However, the company continues to lose money, albeit at a slower rate. And, most interestingly, the company separately announced that…

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May 31, 2018 BY Valentina Kirilova

FCA warns against VBM Capital Partners clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm VBM Capital Partners. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Be aware that the scammers may give out other false details or mix them…

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May 31, 2018 BY Valentina Kirilova

ASX invests in a new electronic property settlement business

ASX Limited (ASX) has announced that it has partnered with Australian Technology Innovators Pty Limited (ATI), the parent company of InfoTrack, an Australian provider of eConveyancing technology and services, to enter the national electronic property settlement market. Sympli Australia Pty Ltd (Sympli), owned 50:50 by ASX and ATI, has applied to become an Electronic Lodgment…

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May 31, 2018 BY Valentina Kirilova

MAS warn investors about trading on unregulated online platforms

The Commercial Affairs Department (CAD) of the Singapore Police Force and Monetary Authority of Singapore (MAS) have advised the public to exercise extreme caution when dealing with unregulated online trading platforms. CAD and MAS have received an increasing number of complaints from members of the public involving losses from unregulated online trading platforms over the…

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May 31, 2018 BY Valentina Kirilova

SFC fines Hang Seng Investment Management Limited $3 million for regulatory breaches

The Hong Kong Securities and Futures Commission (SFC) has informed that it has reprimanded and fined Hang Seng Investment Management Limited (HSIM) $3 million for its failure to comply with regulatory requirements on cash management involving SFC-authorized funds. The SFC’s disciplinary action followed an independent review jointly agreed by the SFC and HSIM. The review…

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May 31, 2018 BY Valentina Kirilova

FX settlement company CLS invests in R3 financial blockchain platform

Enterprise blockchain software firm R3 has announced that it has secured a strategic investment from CLS, the market infrastructure group delivering settlement, processing and data solutions. CLS will work with R3 to explore how Corda, R3’s enterprise blockchain platform, can be deployed to improve efficiencies for its members, including 70 of the world’s leading financial…

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