December 27, 2017 BY Valentina Kirilova

FINRA fines J.P. Morgan Securities LLC $2.8 million for supervisory failures

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined J.P. Morgan Securities $2.8 million for violating the Securities and Exchange Commission’s (SEC) Customer Protection Rule and for related supervisory failures. The SEC rule creates requirements to protect customers' funds and securities. To ensure that customers could recover their assets in the event…

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Spanish Stock Market BME Bolsa de Madrid
December 27, 2017 BY Valentina Kirilova

Spanish regulator CNMV approves BME as APA and ARM

BME Regulatory Services announced today that it has received authorisation from the Spanish securities market regulator, Comisión Nacional del Mercado de Valores (CNMV), to provide Approved Publication Arrangement (APA) and Approved Reporting Mechanism (ARM) services in compliance with MiFID II and MiFIR requirements, which will come into force on 3rd January 2018. As an APA,…

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Hong Kong SFC
December 27, 2017 BY Valentina Kirilova

Court allows SFC’s appeal in illegal short selling case

The Court of First Instance informed that it has allowed the Hong Kong Securities and Futures Commission’s (SFC) appeal against the acquittal of Mr Wong Hung of illegal short selling and ordered that the case be remitted back to the Magistrates’ Court for a re-trial. In May 2014, the Eastern Magistrates’ Court acquitted Wong on…

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December 27, 2017 BY Valentina Kirilova

UAE based FX provider LuLu Exchange implements Fiserv's AML Risk Manager

Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, today announced that LuLu Exchange, which provides cross-border remittance, currency exchange and other financial services for consumers and businesses, has selected Fiserv to enhance its financial crime prevention capabilities and enable its expansion into new markets. LuLu Exchange will implement a cloud-based version of…

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Bitcoin
December 27, 2017 BY Valentina Kirilova

Is Bitcoin a bubble, a scam, or the future?

Following Bitcoin’s latest tumble, Mark Ward, head of trading at Sanlam UK, has examined why the virtual currency is so volatile and shared the three reasons that will shape the future of the cryptocurrency. Seldom a week goes by without mention of Bitcoin in the news – from commentators predicting it to be the swindle…

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December 27, 2017 BY Valentina Kirilova

Amman Stock Exchange launches ASE News app on mobile devices

Amman Stock Exchange (ASE) announced that it will launch the new official application ASE News today on the devices that use (IOS) and (Android) operating systems. This application aims to enable investors and those who are interested in securities to follow up all news, circulars and disclosures of listed companies issued by the ASE. The…

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