Were they high? SEC charges marijuana company Medbox and its executives with touting bogus revenues LeapRate

March 10, 2017 BY LeapRate Staff

Were they high? SEC charges marijuana company Medbox and its executives with touting bogus revenues

As the legendary Jeff Spicoli would say, totally bogus! The U.S. Securities and Exchange Commission (SEC) today charged a California-based company and its founder with falsely touting “record” revenue numbers to investors and claiming to be a leader in the marijuana industry, while some of its earnings came from sham transactions with a secret affiliate.…

March 09, 2017 BY LeapRate Staff

Gain Capital reports strong Q4 results, but multi-year low Forex volumes in February

Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has reported its 2016 year-end and Q4 financial results, as well as trading volume metrics for the month of February 2017. And, the results are very mixed. On the one hand, Q4 was a very strong one at Gain Capital and its Forex.com retail FX unit, following…

March 09, 2017 BY LeapRate Staff

JFD Brokers launches new, visually-oriented website

Continuing a theme we are seeing from a number of leading retail forex brokers over the past few months, CySEC-regulated JFD Brokers has just announced a redesign of its website with what it calls a 'clean design'. The trend in Retail Forex, certainly compared to the Home Pages of brokers in the not-so-distant past, is…

March 09, 2017 BY Valentina Kirilova

MTS equips clients for MiFID II compliance across European trading venues

MTS, one of Europe’s premier fixed income electronic trading venues, is helping buy- and sell-side customers across its electronic marketplaces prepare for compliance with MiFID II and MiFIR regulatory standards ahead of the introduction of the new legislation in January 2018 with the launch of a dedicated web portal and trade reporting service. With over…

March 09, 2017 BY Valentina Kirilova

London Stock Exchange Group announces new International Securities Market

London Stock Exchange Group (LSEG) announced an additional market for the issuance of primary debt targeted at institutional and professional investors, the International Securities Market (ISM). The exchange-regulated multilateral trading facility (MTF) market will operate alongside London Stock Exchange plc’s (LSE plc) other markets. LSE plc will publish a market consultation at the end of…

March 09, 2017 BY Valentina Kirilova

SFC announces implementation of expanded Short Position Reporting

The Hong Kong Securities and Futures Commission (SFC) just reminded market participants that with effect from 15 March 2017, reporting will be required for reportable short positions in all Designated Securities eligible for short selling specified by The Stock Exchange of Hong Kong Limited. This follows the completion of a two-month pilot test of the…

March 09, 2017 BY Valentina Kirilova

TMX Group releases February equity financing statistics, TSX total financings up 63% YoY

TMX Group (TSX:X) announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for February 2017. Toronto Stock Exchange welcomed 12 new issuers in February 2017, compared with 17 in the previous month and seven in February 2016. The new listings included nine exchange traded funds, one mining company, one financial services company…

March 09, 2017 BY Valentina Kirilova

GTX hires Citigroup veteran Ed Schwartz for FX Agency Sales

GAIN GTX LLC (GTX), a registered swap dealer, has hired Ed Schwartz as Managing Director, Agency Sales. Prior to joining GTX, Ed Schwartz was at Citi, where he was responsible for covering global macro and real money accounts. He previously held senior sales and trading roles at Bank Julius Baer, JP Morgan and Bankers Trust-Deutsche Bank.…

March 09, 2017 BY Valentina Kirilova

Hong Kong SFC adds another suspicious website 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…

March 09, 2017 BY Valentina Kirilova

Plus500 outlines withholding tax issues for $75 million dividend to be paid July 3

CFD broker Plus500 Ltd (LON:PLUS) sets out below the process by which Plus500 will withhold tax on any dividends distributed by the Group, including with respect to the upcoming dividend, as set forth below. On 7 February 2017, the Group announced a final dividend per share of $0.3799 ($43.6 million) and a special dividend per…