The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients, such as binary options and rolling…
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The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today launched the first of its director training webcasts entitled "Duties of directors and the role and functions of board committees". The first webcast, which followed from the Exchange's news release dated 9 December 2016 that said…
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FCA-authorised UK Bond Network (UKBN), the alternative finance provider that specialises in structuring and distributing investment opportunities in secured corporate bonds, has launched its Innovative Finance ISA (IFISA) following regulatory approval. UK Bond Network is among the few peer-to-peer platforms to have been approved to date and has partnered with Goji, a specialist builder of P2P…
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BrokerTec, NEX Group (LON:NXG)’s global electronic fixed income trading platform, announced today that following Bank of Italy approval it has completed the transaction to acquire a majority stake in e-MID SIM SpA (e-MID), the first Italian electronic central limit order book (CLOB) platform for interbank deposits and Overnight Indexed Swaps (OIS). The transaction offers BrokerTec…
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Forex trading platform developer MetaQuotes just announced that the latest version of MetaTrader 5 for iPhone and iPad is now available on the App Store. The main innovation of the build — trading history can now be presented in the form of positions. Previously, the History tab contained only orders and deals. Now, it features…
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The Securities and Exchange Commission (SEC) has approved FINRA’s rule proposal addressing financial exploitation of seniors. FINRA today issued Regulatory Notice 17-11 announcing a February 5, 2018 effective date for the rule proposal. The changes approved by the SEC involve two key steps to protect investors: firms will be required to make reasonable efforts to…
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Bats, a CBOE Holdings, Inc. (NASDAQ: CBOE) company, welcomed StrongVest Global Advisers, LLC as a new issuer to the Bats ETF Marketplace. The StrongVest CWA Income ETF (Bats: CWAI), the firm’s first ETF, seeks to achieve its investment objective by investing its assets in a diversified portfolio of corporate bonds with varying maturities and equity…
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Citigroup Pty Limited has refunded approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process its transactions. In early 2016, Citibank began charging international transaction fees for Australian dollar transactions made with…
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Singapore Exchange (SGX) has filed complaints with authorities in China against Wu Xinhua, Executive Chairman and CEO of SGX-listed China Fibretech Ltd. The complaint was made against Wu in relation to several alleged offences under the Chinese Penal Code. The complaint was filed through lawyers appointed in both Singapore and China who have been advising…
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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 Cartwright & Blyth Associates. Cartwright & Blyth Associates is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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