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 Caledonian Equity Group. Caledonian Equity Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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KCG Holdings, Inc. (NYSE: KCG) today announced that it will redeem all of its outstanding 6.875% Senior Secured Notes Due 2020 (ISIN No. US48244BAC46) (the "Notes") on the business day immediately following the effective date of the Agreement and Plan of Merger, by and among Virtu Financial, Inc. (NASDAQ:VIRT), Orchestra Merger Sub, Inc. and the…
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FCA regulated Forex and CFD broker Plus500 Ltd (LON:PLUS) has indicated that in accordance with the terms of its Share Buyback Programme announced on 2 June 2017, the Company acquired 11,858 ordinary shares of ILS 0.01 each in the capital of the Company (Shares) on 21 June 2017 at a price of 544.33 pence per…
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The Securities and Exchange Commission (SEC) announced that Kelly L. Gibson has been named the Associate Regional Director for Enforcement in the SEC’s Philadelphia Office. Ms. Gibson succeeds G. Jeffrey Boujoukos, who became Regional Director of the SEC’s Philadelphia office in January. Ms. Gibson joined the SEC as a staff attorney in the Enforcement Division…
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ASIC today released its sixth annual report into the supervision of registered liquidators. Report 532 ASIC regulation of registered liquidators: January to December 2016 details the supervisory, enforcement, stakeholder liaison, policy and educative work ASIC undertook in its commitment to continue improving regulation of the insolvency and restructuring sector. ASIC Commissioner John Price said: We…
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LeapRate has learned that the new legislation to ban the operation of binary options brokerages in Israel will (finally) make it to Israel's parliament, the Knesset, for a formal first reading next Monday, June 26. Israel's parliament requires three readings of a bill before it can become law, with a formal Knesset vote usually taking…
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LeapRate has learned that longtime Saxo Bank executive Emmanouil Lemonakis has left the company to join corporate payment systems provider iBanFirst. Mr. Lemonakis had been with Saxo Bank for more than 10 years. Since 2014 he was based in Cyprus and was responsible for Saxo Bank's operations in the Central Europe and MENA regions, focused on private…
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The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order filing and simultaneously settling charges against Respondents McVean Trading & Investments, LLC (MTI), a Memphis-based Futures Commission Merchant (FCM), its Chairman and CEO, Charles Dow McVean, Sr. (McVean, pictured above), and President, Michael J. Wharton (Wharton), and long-time MTI consultant Samuel C. Gilmore (Gilmore).…
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The European Securities and Markets Authority (ESMA) today has launched a process to renew the composition of its Consultative Working Group (CWG) of the ESMA Post-Trading Standing Committee (PTSC). ESMA is therefore calling for expressions of interest from stakeholders to become a member of the CWG by 31 July 2017. The purpose of these groups…
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Share subscription of Noratis AG has started today and is expected to last until 27 June, Deutsche Börse announced earlier today. The portfolio developer of real estate plans its listing in the Frankfurt Stock Exchange’s Scale segment on 30 June. According to information provided by the company, the Noratis AG is a portfolio developer of…
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