Mr. Kobi Gur, CEO of the financial trading solutions provider Leverate for the last two years, just announced that has advised the Board of Directors of his intention to leave his current position in order to pursue other interests. Kobi Gur joined Leverate in 2015 after co-founder Ron Strauss decided to leave the industry. He…
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The U.S. Commodity Futures Trading Commission’s (CFTC) Divisions of Swap Dealer and Intermediary Oversight (DSIO), Clearing and Risk, and Market Oversight (Divisions) has issued a time-limited no-action letter that extends relief to swap dealers (SDs) registered with the CFTC that are established under the laws of jurisdictions other than the United States (Non-U.S. SDs) from…
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Fidessa group plc (LON: FDSA) today announced that Marusan Securities Co., Ltd. (TYO:8613), an independent securities company headquartered in Tokyo, has gone live with Fidessa for its wholesale agency trading business. Japan's Financial Services Agency is now promoting wider adoption of "fiduciary duty – in a broad sense of serving the clients' interests", not only…
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The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) and ASIC announced that have today signed a Cooperation Agreement which provides a framework for cooperation to support and understand financial innovation in each jurisdiction. This Agreement expands ASIC's fintech cooperation network to a dynamic region with enormous potential. The Middle East and North…
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NZX Ltd (NZE:NZX) announced that Chief Financial Officer Bevan Miller has resigned to take up a role as Chief Financial Officer of The Co-operative Bank. NZX CEO Mark Peterson commented: On behalf of the team at NZX, I would like to thank Bevan for his enormous contribution and commitment to the organisation, and in turn New Zealand’s…
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The Securities and Exchange Commission (SEC) has announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enabled the SEC to address a company's misconduct. 'Whistleblowers can provide a wealth of information and ongoing assistance that helps our…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has issued a statement warning investors that it expects to record a significant decrease in net profit for the first six months of 2017, as compared to the net profit recorded for the six months ended 30 June 2016. Profit warnings have become something of…
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The U.S. Securities and Exchange Commission today announced that it has issued an investigative report cautioning market participants that offers and sales of digital assets by "virtual" organizations are subject to the requirements of the federal securities laws. Such offers and sales, conducted by organizations using distributed ledger or blockchain technology, have been referred to, among other…
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Robert Ophèle was appointed Chairman of the Autorité des Marchés Financiers (AMF) by Decree of the French President form the 1st of August 2017. He will replace Gérard Rameix whose term will expire on the 31st of July. Robert Ophèle (60), graduated from the ESSEC business school, joined the Banque de France in 1981 and…
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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 Asashi Mergers and Acquisitions Group. Asashi Mergers and Acquisitions Group is not authorised by the FCA but has been targeting people in the UK and is…
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