March 29, 2017 BY Valentina Kirilova

ASIC establishes Financial Advisers Consultative Committee

ASIC announced the establishment of the Financial Advisers Consultative Committee, designed to improve industry engagement with its regulator, and revealed its initial membership. ASIC has extensive engagement with participants in the financial advice sector as well as financial advice industry bodies and consumer organisations. We saw benefit in extending our interaction with this sector through…

Read more
sfc warning
March 28, 2017 BY Valentina Kirilova

Hong Kong SFC adds Huxford Group to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

Read more
March 28, 2017 BY Valentina Kirilova

BCS Global Markets appoints co-heads in London

BCS Global Markets, the Russian investment bank and largest securities broker on the Moscow exchange, has just announced the appointment of Bradley Duke and Tim Bevan as co-CEO’s of its UK entity, BCS Prime Brokerage Ltd (BCS UK). BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies…

Read more
March 28, 2017 BY Valentina Kirilova

LCH SA to offer repo clearing on German debt

The global clearing house LCH announced that has extended its RepoClear service to offer clearing for cash and repo trades on German government securities via LCH SA, its continental Europe-based entity. This complements the existing service at LCH SA which already clears trades on Italian, French and Spanish government securities and will provide greater choice for members…

Read more
March 28, 2017 BY Valentina Kirilova

Orbex eliminates commissions from all their account types

CySEC brokerage firm Orbex today announced the elimination of commissions from all their account types. These updates will officially launch on March 28th 2017 to forex traders worldwide. Orbex will still offer their traders competitive fixed and variable spreads but now without the cost of commissions, allowing more transparency in calculating trading costs. This is the…

Read more
March 28, 2017 BY Valentina Kirilova

Tesco to pay redress for market abuse

The Financial Conduct Authority (FCA) today announced that Tesco plc and Tesco Stores Limited have agreed that they committed market abuse in relation to a trading update published on 29 August 2014, which gave a false or misleading impression about the value of publicly traded Tesco shares and bonds. Tesco have agreed to pay compensation…

Read more
March 28, 2017 BY Valentina Kirilova

FCA warns against Prime FX Ltd 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 Prime FX Ltd. Prime FX Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

Read more