October 05, 2017 BY LeapRate Staff

SEC charges Michael Scronic with multi million dollar options investment ponzi scheme fraud

The U.S. Securities and Exchange Commission today charged a Westchester, New York-based investment adviser with fraud stemming from lies to retail investors about the value of their investments in a Ponzi-like scheme. The SEC alleges that, starting in approximately 2010, Michael Scronic began to raise money from at least 42 friends and acquaintances, many of…

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ADS Securities management
October 05, 2017 BY LeapRate Staff

Exclusive: ADS Securities CMO Andreas Lazarou departs

LeapRate Exclusive... Continuing a fairly wide ranging turnover in senior management, LeapRate has learned that Abu Dhabi based brokerage group ADS Securities has seen the departure of longtime Chief Marketing Officer Andreas Lazarou. Andreas Lazarou has been with ADS since 2013, first as Director of Marketing and later being promoted to CMO. He had joined ADS…

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FINRA's 2018 volume tops 2017 activity by 87%
October 05, 2017 BY Valentina Kirilova

FINRA receives SEC approval to streamline competency exams

The U.S. Securities and Exchange Commission (SEC) announced that has approved the Financial Industry Regulatory Authority’s rule proposal to streamline competency exams and expand opportunities for prospective securities professionals seeking to enter or re-enter the securities industry. FINRA today issued Regulatory Notice 17-30 announcing an Oct. 1, 2018, effective date for the rule change. Under…

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clone firm FCA warning
October 05, 2017 BY Valentina Kirilova

FCA warns against Northill Global clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Northill Global. 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 their tactics to…

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October 05, 2017 BY Valentina Kirilova

Clearstream submits CSDR licence application

The Clearstream CSDs (Clearstream Banking S.A., Clearstream Banking AG and LuxCSD) announced that has submitted their applications for their Central Securities Depositories Regulation (CSDR) licences on Friday 29 September 2017. This represented a significant milestone in the CSDR timeline as CSDR’s authorisation process requires CSDs to submit an application for authorisation to the relevant local…

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October 05, 2017 BY Valentina Kirilova

Moss Adams joins NetSuite Solution Provider Program

Oracle NetSuite, a provider of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that Moss Adams LLP, the U.S. accounting, consulting and wealth management firm, has joined the NetSuite Solution Provider Program to address rising demand for cloud business management solutions. The move is the result of Moss Adams’…

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October 05, 2017 BY Valentina Kirilova

Transparency services provider Boat Services rebrands to Simplitium

Transparency services provider undergoes rebrand to highlight expansion of services in existing and new industies and to align with other subsidiaries in the Cinnober Group Boat Services has revealed its new name: Simplitium. The new brand highlights Simplitium’s core values of Transparency, Integrity and Confidentiality. This year Simplitium celebrates its ten-year anniversary of providing MiFID…

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