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 Disciplinary Committee of Nasdaq Stockholm has ordered CareDx, Inc. to pay a special fine of SEK 1,000,000 to Nasdaq for breaches of Nasdaq Stockholm’s Takeover Rules. On December 16, 2015, CareDx announced a public offer to shareholders of Allenex AB. Up until June 8, 2016, the shares in Allenex were traded on Nasdaq Stockholm.…
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Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has issued a public warning against new forex brokers. CONSOB has suspended for a period of 90 days, under the terms of art. 99, paragraph 1, lett. b), of the Consolidated Law on Finance - CLF, the offering to the public resident…
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The AMF and the ACPR just published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the list of new websites recently identified: - www.financikatrade.com / FINANCIKA (SHARP TRADING) LTD - www.gninvest-ag.com / usurpation de GN INVEST AG -…
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Cyprus financial regulator CySEC has issued a €100,000 fine Colmex Pro Ltd for a series of compliance issues discovered by the regulator. The €100,000 fine breaks down as follows: €40,000 for nor properly informing clients of appropriate risks of trading, €30,000 for misleading advertising, €20,000 for operational risks not being properly addressed, €10,000 for other…
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The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. FXPRIMUS Week in Focus for the week beginning 27 December It’ll probably be quiet this week, as the Christmas holiday continues Tuesday in the UK and several of the former Commonwealth countries. For the rest of the week there…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List Forex broker Royal Downing Investments. According to the BCSC, Royal Downing Investments is based in the United Kingdom, and claims to be a…
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The Tokyo Commodity Exchange, Inc. (TOCOM) announced that it received regulatory approvals from the Minister of Agriculture, Forestry and Fisheries as well as the Minister of Economy, Trade and Industry to “launch an oil physical market as a concurrent business of a commodity exchange”. The Exchange plans to start operations on January 11, 2017. For…
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LeapRate has learned that CySEC licensed retail forex broker ForexMart has renewed its sponsorship of La Liga football club UD Las Palmas for (at least) one more year. ForexMart initiated the sponsorship of Las Palmas last year, when the club moved up to Spain's football first division 'La Liga' after a 13 year absence. ForexMart seems…
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Tokyo Electric Power (Tepco) is gauging demand for its first bond offering since the 2011 Fukushima nuclear calamity, with some market participants expecting a sale as early as February, according to Reuters. Investors are no more doubtful and nowadays they are much more comfortable with the utility's outlook after government moves to reassess decommissioning and compensation costs,…
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