SFC fines
August 16, 2017 BY Valentina Kirilova

Copersucar Trading A.V.V. to pay a $300,000 CFTC fine for executing wash trades on ICE

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Copersucar Trading A.V.V. (Copersucar), an Aruban corporation and a subsidiary of Copersucar S.A., the world’s largest sugar and ethanol company, based in São Paolo, Brazil, for executing prearranged, noncompetitive wash trades involving Sugar No. 11 futures Trade at Settlement…

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August 16, 2017 BY Valentina Kirilova

Quantitative Brokers names Tony Davison Head of Sales for EMEA

Quantitative Brokers (QB), an independent, global financial technology company providing advanced, dealer-neutral agency algorithms in Futures and US Cash Treasury markets just announced that Tony Davison has been named Head of Sales for EMEA. Davison moved to QB in July from his role as Chief Strategy Officer at Celer Technologies. Prior to that, he worked…

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SFC fines
August 15, 2017 BY LeapRate Staff

KPMG to pay $6.2 million SEC fine following audit failures

The U.S. Securities and Exchange Commission today announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being misinformed about the energy company’s value. KPMG’s engagement partner in charge of the audit also…

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August 15, 2017 BY Valentina Kirilova

AgriClear and United Producers Inc. announce strategic alliance

AgriClear, North America's premier online cattle transaction and payment platform, together with United Producers Inc. (UPI), one of North America's largest farmer owned and operated livestock marketing cooperative, today announced a collaborative agreement to benefit livestock farmers across the Midwest. UPI will now utilize AgriClear as its digital marketing solution for online cattle transactions, which…

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fca warning
August 15, 2017 BY Valentina Kirilova

FCA warns against Router Bank / Routar Bank firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Router Bank / Routar Bank. Router Bank / Routar Bank is not authorised by the FCA but has been targeting people in the UK and is…

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ATFX teams up with major payment providers for LATAM and the Middle East
August 15, 2017 BY Valentina Kirilova

SWIFT to facilitate instant payments in the U.S.

SWIFT just announced that it will provide U.S. institutions with a gateway to The Clearing House’s real-time payments (RTP) platform. As instant payments become more ubiquitous in the U.S., SWIFT will provide an interface to manage the requirements of sending and receiving domestic instant payment transactions on behalf of customers. The Clearing House (TCH) is…

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