September 29, 2017 BY Valentina Kirilova

HKEX criticises China Environmental Energy Investment Ltd for breaching the Listing Rules

The China Environmental Energy Investment Ltd's failure to comply with the announcement, circular and prior shareholders' approval requirements of the HKEX Listing Rules has deprived the investors of their right to the timely receipt of information in relation to the Company's major transactions, and for shareholders, their right to vote on those transactions before they…

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Stax Inc. teams up with Coleman Research
September 29, 2017 BY Valentina Kirilova

Thomson Reuters Anti-Money Laundering Insights Report reveals a very real fear of noncompliance

Cyber-enabled crime, shifting economic sanctions’ targets and new data-reporting demands have created radical upheaval in the U.S. anti-money laundering (AML) regime. Thomson Reuters (NYSE:TRI) recently surveyed 438 AML compliance leaders connected with the Association of Certified Anti-Money Laundering Specialists (ACAMS) to gain an understanding of how U.S. financial institutions are addressing the regulatory disruption. The…

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Morgan Stanley fine
September 29, 2017 BY Valentina Kirilova

CFTC fines Morgan Stanley & Co. LLC. $500,000 for supervision failures

The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Morgan Stanley & Co. LLC (MSCO) (NYSE:MS), a Delaware limited liability company headquartered in New York City, for failing to diligently supervise the reconciliation of exchange and clearing fees with the amounts it ultimately charged customers for certain transactions…

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September 29, 2017 BY Valentina Kirilova

Hong Kong SFC announces launch of SFC Regulatory Sandbox

The Hong Kong Securities and Futures Commission (SFC) today issued a circular announcing the launch of the SFC Regulatory Sandbox to provide a confined regulatory environment for qualified firms to conduct regulated activities utilising financial technologies (Fintech). The sandbox aims to enable qualified firms, through close dialogue with and supervision by the SFC, to identify…

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DFSA
September 29, 2017 BY Valentina Kirilova

SEC charges Alexander Capital L.P. brokers defrauding customers

The Securities and Exchange Commission (SEC) announced that has charged three New York-based brokers with making unsuitable recommendations that resulted in substantial losses to customers and hefty commissions for the brokers. One of the brokers agreed to pay more than $400,000 to settle the charges. Brokers must make recommendations that are compatible with their customers’…

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Thomson Reuters teams up with Seabury TFX to create new trade finance marketplace in Asia
September 29, 2017 BY Valentina Kirilova

Thomson Reuters introduces LEI Profiling Service to ease MiFID II preparedness

In answer to a requirement taking effect on January 3, 2018 that investment firms uniquely identify parties to trades or transactions under Europe’s Markets in Financial Instruments Directive (MiFID II), Thomson Reuters (NYSE:TRI) announced that is launching its LEI Profiling Service, a dedicated solution for financial institutions to perform a health check on their LEI…

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SFC fines
September 28, 2017 BY LeapRate Staff

Tillage Commodities LLC hit with $150,000 fine for supervision failures

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Connecticut-based Tillage Commodities, LLC, a Commodity Pool Operator (CPO), for failure to supervise its fund administrator’s operation of the commodity pool’s bank account containing pool participants’ funds. Tillage has been registered as a CPO with the CFTC since 2013,…

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September 28, 2017 BY Mariela Naydenova

Ether Price Breaks Through $300 level

Ether price has climbed over $300 for the first time in couple of weeks. On September 27th, Ether price level traded consistently above $300, as reported by Coindesk. With fear coming from regulations (China's ban on domestic exchanges to trade bitcoin) and the consistent rumors of different countries launching their own domestic digital currencies (Denmark,…

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