The UK Financial Conduct Authority (FCA) has put out details of the cloned firm UK Money Lenders. 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 tactics…
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LeapRate has learned via regulatory filings in the UK that Peter Hetherington, CEO of online trading firm IG Group Holdings plc (LON:IGG), purchased £1.1 million in shares of his own company today. Mr. Hetherington bought 200,000 IG shares at £5.496 per share in open market purchases. The transaction was completed after IG Group reported its…
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This article is written by freelance writer Zak Goldberg. If you’ve grown tired of the traditional currency trading or stocks and shares investments, where you simply buy low and sell high, you may be looking for a new type of trading opportunity. Contract for difference (CFD) trading could be the answer. It’s great way to expand…
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The Investor Advisory Panel (IAP), an independent committee established by the Ontario Securities Commission (OSC), released a report on the risk profiling roundtable that it jointly organized with the OSC Investor Office on September 28, 2016. The roundtable was held to explore the findings of the IAP’s research report on the risk profiling used in…
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The FCA warned that pension scheme operators are at risk from smarter scams. This alert highlights some of the risks arising from authorised firms failing to carry out appropriate due diligence on investment offerings. While aimed primarily at pension scheme operators, it will also be of interest to financial advisers and those providing discretionary fund…
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Deutsche Börse published further details today on its new segment for small and medium-sized enterprises (SMEs) to be launched in March, replacing the Entry Standard in the exchange-regulated market. Accordingly, Edison Investment Research and Morningstar will be creating the research reports mandatory for all equity issuers. The reports are intended to improve companies' transparency and…
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LeapRate Exclusive Interview... Our coverage yesterday of the new partnership between Saxo Bank and Autochartist apparently raised a lot of questions with LeapRate readers. Why did Saxo Bank, which generally prides itself for developing in-house solutions, go with an outside vendor like Autochartist? How did the partnership come about? So we thought we'd go to…
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The UK Supreme Court ruled in a 8-3 vote that an act of Parliament is required in order for the May government to trigger 'Article 50' and formally begin the UK's withdrawal from the EU. The court effectively rejected the arguments put forth on behalf of Theresa May's government, which wanted to trigger Article 50…
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The Securities and Exchange Commission (SEC) announced fraud charges and an emergency asset freeze obtained against a businessman in South Carolina accused of siphoning funds he raised from investors for the purpose of purchasing or renovating senior housing facilities. The SEC alleges that Dwayne Edwards improperly commingled money from several different municipal bond offerings and…
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EnQuest PLC announced an agreement to acquire from BP an initial 25% interest in the Magnus oil field representing c.15.9 MMboe of additional net 2P reserves (gross reserves of 63.4 MMboe) with net production of 4.2 Mboe/d in 2016 (gross production 16.6 Mboe/d) as well as a 3.0% interest in the Sullom Voe oil terminal…
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