Hong Kong SFC proposes amendments to takeovers rules LeapRate

January 19, 2018 BY Valentina Kirilova

Hong Kong SFC proposes amendments to takeovers rules

The Securities and Futures Commission (SFC) informed that it has today launched a three-month consultation on proposed amendments to the Codes on Takeovers and Mergers and Share Buy-backs (Codes). Key proposals enhance investor protection by increasing the voting approval threshold for whitewash waivers to 75% of independent shareholders and empowering the Takeovers Panel to require…

January 19, 2018 BY LeapRate Staff

Cürex Group hires Claudio Pannunzio as Managing Director of Marketing

Institutional FX execution services and data analytics company The Cürex Group has announced its latest senior hire, appointing Claudio Pannunzio as Managing Director, Marketing, to lead the firm's global brand and marketing strategy efforts. Claudio Pannunzio is tasked with steering Cürex Group’s global marketing functions, which encompasses responsibilities ranging from the execution of the company’s…

January 19, 2018 BY Valentina Kirilova

HSBC Holdings agrees to pay more than $100 million to resolve fraud charges

HSBC Holdings plc (NYSE:HSBC) announced that it has entered into a three-year deferred prosecution agreement with the US Department of Justice (DoJ) to resolve the DoJ’s investigation into HSBC’s historical foreign exchange sales and trading activities within its Global Markets business. Under the agreement, HSBC will pay a total of US$101.5m, including a US$63.1m fine…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

January 19, 2018 BY LeapRate Staff

CabbageTech - Coin Drop Markets charged with cryptocurrency fraud scheme

The Commodity Futures Trading Commission (CFTC) has announced that it has filed a federal civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Patrick K. McDonnell, of Staten Island, New York, and CabbageTech, Corp., doing business as Coin Drop Markets (CDM), a New York corporation, charging them with fraud and…

January 19, 2018 BY LeapRate Staff

Dillon Michael Dean and The Entrepreneurs Headquarters Limited charged in Bitcoin and Binary Options fraud scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado, and his company The Entrepreneurs Headquarters Limited, a UK-registered company. The CFTC Complaint charges Dean and The Entrepreneurs Headquarters with engaging in…

January 19, 2018 BY Valentina Kirilova

Former Australian Bight Abalone CEO convicted over false and misleading information

Mr Andrew Ferguson, the former Chief Executive Officer of abalone farmer, Australian Bight Abalone (ABA), was today found guilty on 17 counts related to providing false or misleading information to the ABA Board of Directors and prospective investors following a jury trial in the District Court of South Australia. Following an ASIC investigation, Mr Ferguson…

INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets

January 19, 2018 BY Valentina Kirilova

Intercontinental Exchange and Blockstream launch consolidated data feed for cryptocurrencies

Intercontinental Exchange, Inc. (NYSE:ICE), an operator of global exchanges and clearing houses and provider of data and listings services, and Blockstream, a blockchain technologies and financial cryptography company, announced today the launch of the Cryptocurrency Data Feed. ICE Data Services’ new feed offers real-time cryptocurrency information and will initially include data from more than 15…

January 19, 2018 BY LeapRate Staff

Banking alternative app Hush launching ICO managed by Chaineum

ICO boutique firm Chaineum has announced the launch of a €10 million hard cap ICO for Hush, which is developing a pan-European mobile app as an alternative to banks. The offering is fully compliant with regulatory requirements governing ICOs. Chaineum is handling end-to-end management of the fundraising, with pre-sales to debut the week of 22 January.…

LSEG to increase its majority shareholding in LCH Group

January 19, 2018 BY Valentina Kirilova

Exactpro announces management buyout from London Stock Exchange Group

Exactpro Systems Limited and its subsidiaries (Exactpro), announced that EXPLORE123 Limited, a company incorporated by the founders of Exactpro, has completed the acquisition of Exactpro from the London Stock Exchange Group (LSEG) on undisclosed terms. Exactpro is a specialist firm currently employing over 560 staff focused on functional and non-functional testing and software development of…