Equiti Group hires former Newedge executive Gregor Schnuppe as CFO LeapRate

November 22, 2017 BY LeapRate Staff

Equiti Group hires former Newedge executive Gregor Schnuppe as CFO

Equiti Group, the parent company of prime brokerage provider Divisa Capital and Retail FX arm Equiti Global Markets (Equiti.com) has announced the appointment of Gregor Schnuppe as Group Chief Financial Officer (CFO). Equiti Group also stated that the company has plans to expand into the multi-asset retail brokerage space and potentially move into new markets.…

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

November 22, 2017 BY Valentina Kirilova

Long Island town and former top official charged with defrauding municipal investors

The Securities and Exchange Commission (SEC) informed that it has charged Oyster Bay, New York, and its former top elected official with defrauding investors in the town’s municipal securities offerings by hiding the existence and potential financial impact of side deals with a businessman who owned and operated restaurants and concession stands at several town…

November 22, 2017 BY Valentina Kirilova

HSBC Private Bank (Suisse) SA fined HK$400 million for systemic failures in selling structured products

HSBC Private Bank (Suisse) SA, the Hong Kong branch of the Switzerland-based private banking business of HSBC Group, has been fined a record sum of HK$400 million after the Securities and Futures Appeals Tribunal (SFAT) upheld the Hong Kong SFC’s disciplinary action against the bank for material systemic failures in relation to the sale of…

November 22, 2017 BY LeapRate Staff

Could iron ore prices save the Aussie from plunging below 75 cents?

The following guest post is courtesy of Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). One of the biggest drivers of the Australian dollar is the iron ore prices. Western Australia is the world’s largest iron ore producer. As a result, the Australian economy is expected to perform better with stronger…

November 22, 2017 BY Valentina Kirilova

FCA warns against Wharton Asset Management UK LLP clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Wharton Asset Management UK LLP. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of…

November 22, 2017 BY LeapRate Staff

Cryptos, Mobile & Liquidity – The View from London

The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, Last week was an expo week for us here at Admiral Markets. First, the London Summit 2017 on Wednesday, the industry’s B2B expo, and later in the week – on Friday and Saturday – the biggest retail…

November 22, 2017 BY Valentina Kirilova

Camden Market first to offer WeChat Pay in the UK with SafeCharge

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH), in partnership with Camden Market, a part of the Market Tech portfolio, has announced the integration of WeChat Pay, a widely adopted e-wallet payment solution in China. The iconic Camden Market, London’s fourth biggest tourist destination, is the first in the UK to make WeChat…

November 22, 2017 BY LeapRate Staff

Exclusive: James Hughes jumps from GKFX to AxiTrader as London-based senior analyst

LeapRate Exclusive... LeapRate has learned that popular FX market analyst James Hughes has joined the London office of Australia based Retail FX broker AxiTrader. He will be serving as Chief Market Analyst for the UK and Europe for Axi. AxiTrader also has Sydney based analyst Greg McKenna in its home office. James Hughes was with GKFX…

November 22, 2017 BY Valentina Kirilova

ASIC cancels AFS license of Financial Stewards Pty Ltd

ASIC informed that it has cancelled the Australian financial services (AFS) license of Financial Stewards Pty Ltd (Financial Stewards) for failing to co-operate with an ASIC surveillance. ASIC issued two compulsory notices to Financial Stewards as part of a surveillance. Financial Stewards failed to respond to the Notices or to ASIC's correspondence. In addition, ASIC…