Fraud charges filed against Bitcoin and Office Co-Working Space entrepreneur Renwick Haddow LeapRate

June 30, 2017 BY LeapRate Staff

Fraud charges filed against Bitcoin and Office Co-Working Space entrepreneur Renwick Haddow

The U.S. Securities and Exchange Commission today filed fraud charges against the clandestine founder of a purported Bitcoin platform and a chain of co-working spaces located in former bars and restaurants, alleging that he bilked investors in both companies while hiding his connection given his checkered past with regulators in the U.K. The SEC alleges…

June 30, 2017 BY Valentina Kirilova

FCA warns against Right Choice Insurance Brokers clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Right Choice Insurance Brokers. 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…

ASIC imposes additional conditions on Kaz Capital's AFS license

June 30, 2017 BY Valentina Kirilova

ASIC extends relief excluding multifunds, superannuation platforms and hedge funds

ASIC announced that has extended Class Order [CO 12/749] Relief from the Shorter PDS regime for one year. The class order relief was due to expire on 30 June 2017. The class order provides interim relief, until 30 June 2018, to exclude multifunds, superannuation platforms and hedge funds from the disclosure requirements of the shorter…

June 30, 2017 BY LeapRate Staff

Goldman Sachs now down to below 3% holding in CMC Markets

LeapRate Exclusive... Further to our exclusive report earlier in the week that longtime CMC Markets Plc (LON:CMCX) shareholder, New York based investment bank Goldman Sachs Group Inc (NYSE:GS), had decided to sell down its stake in CMC Markets, LeapRate has learned that Goldman has indeed continued to sell, now down to below the 3% reporting threshold…

June 30, 2017 BY Valentina Kirilova

FCA warns against Prolinet Ventures Limited 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 Prolinet Ventures Limited. Prolinet Ventures Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

June 30, 2017 BY LeapRate Staff

Exclusive: ADS Securities replaces Louisa Kwok with Paul Webb to head FX Prime-of-Prime

LeapRate Exclusive... LeapRate has learned that Abu Dhabi based international financial services firm ADS Securities has made some more changes to its institutional FX organization. Lousia Kwok, who joined ADS Securities from Paribas just over a year ago to act as Head of Prime Brokerage Sales and Product has left the company. Her role has been…

June 30, 2017 BY Valentina Kirilova

Court of First Instance upholds convictions of Hong Kong Game Theory Association Limited

The Court of First Instance has dismissed the appeal of Hong Kong Game Theory Association Limited (Hong Kong Game Theory) and its sole director Mr Sze Ching Lok against their convictions for carrying on a business in advising on futures contracts without a licence, Hong Kong SFC announced earlier today. In dismissing the appeal, Deputy…

June 30, 2017 BY LeapRate Staff

CFTC enters into Non-Prosecution Agreements with former Citi traders in Treasury Spoofing case

The U.S. Commodity Futures Trading Commission (CFTC) has announced that it entered into non-prosecution agreements with Jeremy Lao of New York, Daniel Liao of Minato-Ku, Japan, and Shlomo Salant of New York. In their non-prosecution agreements, Lao, Liao, and Salant each admits that he engaged in the unlawful disruptive trade practice of “spoofing” (bidding or offering with…

June 30, 2017 BY LeapRate Staff

Rosenthal Collins, now known as DV Trading, fined $5 million for illegal wash sales

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing and simultaneous settlement of charges against Rosenthal Collins Capital Markets, LLC, now known as DV Trading LLC (RCCM), of Chicago, Illinois, for engaging in illegal wash sales in order to generate rebates of exchange fees based upon increased trading volumes. The CFTC Order requires RCCM to…

June 29, 2017 BY admin

FactSet teams with ChartIQ for advanced HTML5 charting

FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services has selected ChartIQ to standardize its HTML5 charting technology across FactSet’s web, desktop, and mobile platforms. This updated HTML5 toolkit will enhance FactSet users’ ability to work with, manipulate and manage their data, effortlessly build reports, and combine commercial data with their…