The Hong Kong Securities and Futures Commission (SFC) informed that it has reprimanded Mr Wu Hon Cheung, a former account executive of Sun Hung Kai Investment Services Limited (Sun Hung Kai), and fined him $50,000 for failing to keep proper records of a client’s order instructions, in breach of the Code of Conduct. The SFC…
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Israel TV news outlet Ten News (10.tv) has reported that investigators from the FBI's financial fraud unit have arrived in Israel, as part of their investigation of Lee Elbaz. Lee Elbaz was arrested in September in New York's JFK airport after arriving on a flight from Israel, and has been held since under house arrest…
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Recently, China Securities Regulatory Commission (CSRC) announced that it has granted permission to the public issuance of the Belt and Road Cooperate Bond of Puluosi Luohua China Overseas Holdings (Hong Kong) Co., Ltd. (Puluosi Belt and Road Bond) following the pre-approval of the issuance by Shenzhen Stock Exchange (SZSE), marking the launch of the first…
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Derivatives marketplace CME Group (NASDAQ:CME) and Japan Exchange Group (JPX), Asia's leading comprehensive exchange group, today announced the launch of Japanese Yen-denominated Tokyo Stock Price Index (TOPIX) futures contracts to begin trading on CME Globex on February 5, 2018, pending all relevant regulatory review periods. International investors turn to CME Group to manage their equity…
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The Financial Industry Regulatory Authority (FINRA) today released its 2018 Regulatory and Examination Priorities Letter, highlighting topics that FINRA will focus on in the coming year, including new and ongoing areas of focus. The Priorities Letter – alongside FINRA’s 2017 Examination Findings Report – serves as a resource for broker-dealers to enhance their compliance, supervisory…
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Partners to provide economic development for Latin America’s growing blockchain & distributed ledger technology ecosystem Augmate announced a partnership with Maximilian Ventures to promote blockchain and distributed ledger technology development in Mexico and throughout Latin America. The partnership will focus on investment, infrastructure, and job creation to develop Latin America as a global leader in…
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Dash, the top digital currency for payments, today announced an integration with the leading Latin American exchange, BitINKA, providing citizens across Central and South America access to buy and sell Dash using their local fiat currency. The South American-based exchange, which works with 35 banks across 12 countries, will allow greater access to Dash in…
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The Financial Conduct Authority (FCA) announced that it has imposed a financial penalty of £250,000 on former Royal Bank of Scotland (RBS) interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity. Mr Danziger formerly worked at RBS trading products referenced to Japanese Yen (JPY)…
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Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Bahrain Economic Development Board (EDB) announced that they have entered into a Fintech cooperation agreement, marking a significant first in the MENA region. Signed between two of the leading MENA Fintech hubs, the agreement represents a leap forward in promoting the…
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Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, today announced the completion of a repricing transaction of its 1st Lien Senior Secured Term Loan along with a principal prepayment of $276 from the proceeds of its previously announced sale of BondPoint to Intercontinental Exchange (NASDAQ:ICE). Following the…
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