On January 25, 2018, the Ontario Court of Appeal announced that it has upheld the Ontario Securities Commission (OSC’s) Reasons for Decision on the Merits dated March 24, 2015 and its Reasons for Decision on Sanctions and Costs dated August 24, 2015 with respect to Howard Miller and Francis Cheng. The Court’s decision was the…
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Moscow Exchange (MOEX) announced its intention to adhere to the principles of the FX Global Code. The Code was developed through a partnership between central banks and market participants from 16 jurisdictions around the globe. The Code represents a set of principles generally recognised as good practice in the wholesale foreign exchange market. It covers…
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Robinhood, one of the unicorns of Silicon Valley, and the app that targets millennials to trade zero-fee stocks, has now set its eye on the hottest market:cryptocurrencies. This is a hugely positive news for US investors, since the option to trade zero-fee cryptos will be limited to certain states. Robinhood users will be able to…
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BNP Paribas Asset Management (BNPP AM) announced that it has appointed Michel Fryszman as Head of Structured Finance. He joined on 15 January and is based in Paris. He reports to Laurent Gueunier, Head of Real Assets, SME Lending & Structured Finance. Fryszman’s appointment is the latest in a series of additions to BNPP AM’s…
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Israeli financial regulator the Israel Securities Authority (ISA) has come under scrutiny once again due to Binary Options, but this time from a different angle. After more than a year of public and media pressure for the ISA and its then-Chairman Shmuel Hauser to "do something" about the rash of Binary Options brokers based in…
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GLMX, a comprehensive technology solution for the trading of repurchase agreements ("repo") and secured lending, just announced that it has raised $20 million in growth equity financing. The investment will help the firm expand its operations into major European markets and bolster its engineering team following a record year in which its client base doubled,…
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Wealth management fintech firm JHC Systems (JHC), has hired Ron Tomlinson as Head of Solutions Development. Formerly Global Head of Development of Wealth and Post Trade at Dion, Ron brings unrivalled experience heading up wealth management product development teams. He will report to Chief Financial Officer, Gareth Anderson. Tomlinson’s varied career has given him an…
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Solactive today announced the launch of the Solactive Sustainability Index Europe, which was developed with Deutsche Bank, and is designed to track the performance of environmentally and socially responsible European companies, based on the data-driven platform Arabesque S- Ray®. Arabesque S-Ray® is the first tool of its kind that uses machine-learning and algorithm- based technology…
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Bcause LLC, creator of the first full-stack cryptocurrency ecosystem, announced today the results of its Board of Managers and Chairman elections certified at its Board meeting last night. Members of the Board of Managers elected Karan Rai as the new Chairman of the Board. Shareholders of the privately held company elected five new directors –…
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ASIC just announced that it has commenced proceedings for recovery of unpaid fines against Fast Access Finance Pty Ltd, Fast Access Finance (Beenleigh) Pty Ltd and Fast Access Finance (Burleigh Heads) Pty Ltd (the FAF Companies). In March 2017, the Federal Court fined the FAF Companies a total of $730,000, after finding in proceedings brought…
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