The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed the public that, at its meeting held on 20th November 2017, decided to impose a total administrative fine of €20.000 on the ASP Chesterfield Corporate Services Ltd for noncompliance with: Sections 58(a), 58(c) and 58(e) of the Prevention and Suppression of Money…
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Integrated Asset Management Corp. (TSX:IAM) announced the closing on February 1, 2018 of a $7,600,000 senior term loan to Wolverine Management Services Inc. This financing represents IAM’s third transaction with Wolverine, following the initial loan in July 2016 and the second loan in June 2017. The capital will be used to fund the acquisition of…
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LeapRate Exclusive... LeapRate has learned that China based Formax Group's acquisition late last year of social / copy trading platform provider ZuluTrade, and related companies, was concluded at a price of USD $12.41 million. Formax actually acquired a lot more than just the ZuluTrade name, technology and platform. Indeed, when breaking down the purchase price,…
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The Frankfurt Stock Exchange has just announced its first IPO of the year: a family-owned Pharmaceutical company named Dermapharm has been listed today. Shares in Dermapharm Holding SE (ISIN: DE000A2GS5D8), based in Grünwald near Munich, opened at €28.00, following an issue price of €28.00. Total issue volume stood at 377 million. With the Prime Standard, family-owned…
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Enerjisa Enerji, Turkey electricity distribution and retail business company, started being traded on Borsa İstanbul on February 8, 2018. With the initial public offering (IPO), Enerjisa Enerji sold 20% of its shares, attracting great interest from both domestic and international investors. Enerjisa Enerji will be traded with the ticker code ENJSA. The initial public offering of…
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Just two days after we reported that CFD broker Plus500 Ltd (LON:PLUS) had expanded its operations in South Africa with an upgraded South Africa FSB license for new subsidiary Plus500SA Pty Ltd and plans to open an on-the-ground operation, Plus500 today announced that it is also growing its operation in Singapore. Plus500 today stated that International…
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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 Mayford Capital Partners. Mayford 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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The Securities and Futures Commission (SFC) once again alerts investors to the potential risks of dealing with cryptocurrency exchanges and investing in initial coin offerings (ICOs). Following a statement on ICOs released on 5 September 2017, the SFC has taken regulatory action against a number of cryptocurrency exchanges and issuers of ICOs. The SFC has…
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Singapore Exchange (SGX) announced that it has just welcomed Hong Kong-based Rui Da International Finance Holding Limited (Rui Da International) as a Trading Member of its derivatives market. Michael Syn, Head of Derivatives at SGX, said: We are pleased to have Rui Da International join our derivatives market, helping to grow our distribution in Greater…
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FX brokerage holding company Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has announced that it has successfully completed its prepackaged plan of reorganization, and has emerged from Chapter 11 bankruptcy. The effective date of its prepackaged Chapter 11 Plan of Reorganization of was confirmed by Bankruptcy Judge Michael E. Wiles on January 22, 2018,…
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