SFC fines
May 23, 2017 BY LeapRate Staff

Futures trading system developer Kimball Parker and his MakeYourFuture LLC pay $1.2 million in fraud case

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Bruce S. Jenkins in the U.S. District Court for the District of Utah entered a Consent Order against Defendants Kimball Parker of Lehi, Utah, and his Utah company, MakeYourFuture, LLC (MYF), who were charged with fraud and other violations in connection with the offering…

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ASIC applauds the enactment of stronger whistleblowing laws
May 22, 2017 BY LeapRate Staff

CFTC strengthens anti-retaliation protection for Whistleblowers and enhances the award process

After dealing with several cases of companies retaliating against employees who reported wrongdoing, the U.S. Commodity Futures Trading Commission (CFTC) has announced amendments to the its Whistleblower Rules that will, among other things, strengthen the CFTC’s anti-retaliation protections for whistleblowers and enhance the process for reviewing whistleblower claims. Based on a reinterpretation of the CFTC’s…

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May 22, 2017 BY admin

LedgerX closes $11 million Series B to push forward regulated bitcoin options

Still awaiting regulatory approval, the we last heard from LedgerX, a swap execution facility (SEF) for bitcoin options was in 2015 when the CFTC issued temporary registration status. Hoping to push forward, the company announced today closing of a Series B round of $11.4 million in financing. Led by Miami International Holdings Inc. and Huiyin Blockchain…

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May 22, 2017 BY admin

Match-Trade introduces data feeds & execution for eight cryptocurrencies

Match-Trade Technologies LLC, headquartered in Irvine, California, is pleased to announce the launch of new data feeds for eight (8) most popular cryptocurrencies. Like other offerings, Match-Trade has based this new feature on its proprietary matching engine technology. The Company can provide direct feeds and liquidity for the most popular cryptocurrencies such as Bitcoin, Litecoin,…

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saxo bank fx volumes
May 22, 2017 BY LeapRate Staff

Low volatility sends Saxo Bank FX volumes down 25% MoM in April

Copenhagen based multi-asset broker Saxo Bank has released its trading volume statistics for the month of April, indicating an overall 25% reduction in activity for the month. The figures at Saxo Bank are fairly much in line with what we have seen for April from other leading retail and institutional eFX venues. After a fairly…

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May 22, 2017 BY Valentina Kirilova

Spanish regulator CNMV warns against several unregulated forex brokers

Spanish regulator CNMV just issued another warning today against the forex companies: Tradev Ltd., operating at www.tradev.com website; DGX SYSTEMS LTD (PRIME FX BANK / PFXBANK), operating at www.pfxbank.com and www.pfx-bank.com; and FIRST INVESTMENTS CAPITAL MARKETS, operating at www.firstinvestmentscapitalmarkets.com/ and www.first-union-esp.com. CNMV confirmed that these entries are not licensed or registered and, therefore, are not…

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May 22, 2017 BY Valentina Kirilova

Solactive launches Stable Income Europe Index

Solactive, the innovative German index engineer, announced the launch of the Solactive Stable Income Europe Index. This index is replicating the performance of 50 European shares selected on the basis of a screening strategy blending together free cash flow yield, dividend yield and low volatility characteristics. The index targets investors interested in a smart beta…

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DFSA
May 22, 2017 BY Valentina Kirilova

Securities Commission Malaysia charges former Managing Director of Maxbiz for insider trading

Securities Commission Malaysia (SC) today charged Dato’ Vincent Leong Jee Wai for insider trading of shares of Maxbiz Corporation Berhad (Maxbiz). Dato’ Vincent Leong, 58, was charged at the Kuala Lumpur Sessions Court this morning with two counts of communicating material non-public information between November 2010 and January 2011 to one Leong Wye Keong when…

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ESMA ceases renewal of product intervention CFDs measures
May 22, 2017 BY Valentina Kirilova

ESMA clarifies traded on a trading venue under MIFID II

The European Securities and Markets Authority (ESMA) has issued today an opinion regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). The opinion clarifies the concept of “traded on a trading venue” (TOTV), which is relevant for a number of provisions under MIFID II and MiFIR. The concept of…

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sfc bans
May 22, 2017 BY Valentina Kirilova

SFC bans a former employee of Citibank Ltd for four months

The Securities and Futures Commission (SFC) has prohibited Ms Bernie Wong Ching Man, a former employee of Citibank (Hong Kong) Limited, from re-entering the industry for four months from 19 May 2017 to 18 September 2017 for forging a client’s signature. The SFC found that in July 2015, Wong forged a customer’s signature on a…

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