Following a previous announcement, the Board of the Cyprus Securities and Exchange Commission (CySEC) just informed that, on its meeting dated 17 July 2017, has decided, for procedural reasons, to revoke its Decision of 13 February 2017 for the imposition of administrative sanctions to Mr. Amr Jamal Mohamed Hendawi and more specifically: for the imposition…
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The Hong Kong Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the UK Financial Conduct Authority (FCA) providing for consultation, cooperation and exchange of information in connection with the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and the United Kingdom. The…
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JOST Werke AG (ISIN: DE000JST4000) is listed in the Prime Standard on the Frankfurt Stock Exchange as of today, Deutsche Börse just announced. The issue volume of the private placement was €231 million. The first price was €27.40, the issue price €27.00. Deutsche Bank, J.P. Morgan and Commerzbank were mandated as Joint Global Coordinators and…
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C5 Capital Limited (C5), the investment specialist firm focused on cloud computing, cyber security and big data analytics, announced today that it has appointed Robert Quirke as Chief Financial Officer. Originally from South Africa, Robert Quirke joins C5 having previously held positions at Investec Asset Management in London, as well as Credit Suisse and KPMG.…
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LeapRate Exclusive... LeapRate has learned from sources in Israel that digital cross-border payments provider Payoneer is on an official hiring spree, looking to add 140 employees in its home base of Israel, plus personnel in other locations abroad including New York and Tokyo. According to sources, Payoneer is looking to add mainly experienced sales personnel and…
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Borsa Italiana and IBM (NYSE: IBM) have announced they are building a blockchain solution to digitize the issuance of securities for small and medium enterprises (SMEs) in Europe. Designed to simplify the tracking and management of shareholding information, the new system intends to create a distributed shared registry containing a record of all shareholder transactions,…
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Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has provided the following trading update for the first six months of 2017. The Company expects to announce its interim results for the period ending 30 June 2017 on 12 September 2017. Trading in the first half of the year has been solid. The performance…
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The Securities and Exchange Commission (SEC) announced that has barred a New York-based attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate filings. The SEC’s order finds that David Lubin committed fraud while serving as…
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ASIC has permanently banned Gold Coast based financial adviser Mr Satvir Singh Birk from providing financial services. Mr Birk was an authorised representative of Professional Investment Services Pty Ltd (PIS) and a director of Carter Group Pty Ltd (Carter Group) (now in external administration) which was a corporate authorised representative of PIS. ASIC found that…
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The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them with unnecessary costs and ensuring they have time to comply. KiwiSaver scheme providers must allocate fees charged…
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