Australia and New Zealand Banking Group (ASX:ANZ) today commented on the release of the Australian Securities & Investments Commission’s (ASIC) review into how large institutions oversee financial advisers. ANZ Group Executive Wealth Australia Alexis George said: We know we need to work harder to maintain the trust of our customers and we will continue to…
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The Mercado Alternativo de Renta Fija (MARF) today registered a new bond tranche issued by Masmovil Broadband with a 5.75% annual coupon and maturity in 2024. The amount of this new issue, which adds to the €30 million placed in July 2016, is €38 million and was placed at a 5.1% yield. Intermoney Valores has…
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The Financial Industry Regulatory Authority (FINRA) today issued an Investor Alert warning anyone involved in binary options trading through unregistered non-U.S. companies to be on guard for a one-two punch: losses followed up by potentially fraudulent pitches to help recoup those losses. Ploys include recovery scams and IRS impersonation scams. Binary options are inherently risky…
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ASIC has commenced proceedings in the Federal Court of Australia against Wealth and Risk Management Pty Ltd (WRM), and related companies Yes FP Pty Ltd (Yes FP) and Jeca Pty Ltd (trading as Yes FS) (Yes FS), in relation to various alleged breaches of the Corporations Act 2001 and the Australian Securities and Investments Commission…
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The Financial Stability Board (FSB) today published a letter from Mark Carney, Chair of the FSB, sent to G20 Finance Ministers and Central Bank Governors ahead of their meeting in Baden-Baden from 17-18 March. In his letter, the FSB Chair highlights the good progress made in implementing the post-crisis reforms, as a result of which…
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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…
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The securities regulatory authorities in Ontario, Alberta, and Saskatchewan (the participating jurisdictions) released CSA Multilateral Staff Notice 51-349 Report on the Review of Investment Entities and Guide for Disclosure Improvements, which summarizes key findings from an Ontario Securities Commission (OSC) staff review of the continuous disclosure of reporting issuers that meet the definition of an…
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Copenhagen based multi asset brokerage Saxo Bank has issued its financial results for 2016, indicating a return to profitability and healthy overall growth in the business. Comparing Saxo Bank's results to 2015 should be taken with a grain of salt, however. The firm's 2015 results were hurt on both the top and bottom lines quite…
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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…
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Moscow Exchange announced that has made an update to its indices. The coefficients for Moscow Exchange indices come into force from March 17, 2017 and can be see in the table below: № Index Code Currency Index Name Divisor 1 MICEXINDEXCF RUB MICEX Index 4,782,605,957.6012 2 RTSI USD RTS Index 151,818,269.5514 3 RTSSTD RUB MICEX Blue…
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