February 15, 2017 BY LeapRate Staff

Norway central bank Norges takes 3% position in Skrill and NETELLER parent Paysafe Group

LeapRate Exclusive… LeapRate has learned via regulatory filings made in Norway and the UK that Norway’s central bank, Norges Bank, has taken a 3% equity position in the shares of online payments services giant Paysafe Group Plc (LON:PAYS). Paysafe’s brand portfolio includes NETELLER and Skrill, MeritCard, paysafecard, payolution, Income Access and FANS Entertainment. The Norges…

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CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
February 15, 2017 BY Valentina Kirilova

CLS appoints Gaynor Wood as General Counsel

CLS Group, a provider of risk mitigation and operational services for the global FX market, just announced that has appointed Gaynor Wood to the role of General Counsel. Wood succeeds Alan Marquard, who has led both CLS’s Legal division and the Corporate Strategy and Development (CSD) division. She reports to David Puth, CEO of CLS…

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MAS Monetary Authority of Singapore
February 15, 2017 BY Valentina Kirilova

Monetary Authority of Singapore announces faster approvals and lower requirements for venture capital managers

The Monetary Authority of Singapore (MAS) published a consultation paper proposing a simplified authorisation process and regulatory framework for managers of venture capital funds (VC managers). The move is part of MAS’ broader efforts to promote financing for enterprise development. VC managers are an essential component of the start-up eco-system. They provide capital and expertise…

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gold
February 15, 2017 BY Valentina Kirilova

Gold scam in the form of $4 million Ponzi scheme unveiled by CFTC

The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a federal civil enforcement action in Florida charging Defendants Carlos Javier Ramirez, Gold Chasers, Inc., and Royal Leisure International, Inc., all with last known addresses in Orlando, Florida, with misappropriating customer funds and engaging in fraudulent sales solicitations in connection with the purported purchase…

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February 15, 2017 BY Valentina Kirilova

Bats One Premium market data now available through FactSet

Bats Global Markets (Bats:BATS) announced that its Bats One Premium market data product is now available for distribution across numerous FactSet products and platforms. FactSet, a global provider of integrated financial information, analytical applications and industryleading service, this month became the first distribution partner to offer this new product. Bats One Premium features five levels…

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February 15, 2017 BY LeapRate Staff

Morgan Stanley increases position in CFD broker Plus500 to 6.5%

LeapRate Exclusive... It looks like a number of heavy hitters are betting on a comeback in the share price of CFD broker Plus500 Ltd (LON:PLUS). Plus500 shares, and those of other leading UK online brokers including IG Group Holdings plc (LON:IGG) and CMC Markets Plc (LON:CMCX), were hit hard late last year following new proposed rules unveiled…

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fma warns against unregulated company
February 15, 2017 BY Valentina Kirilova

Belize regulator IFSC warns on Trendtino Limited firm

The International Financial Services Commission of Belize (IFSC) has notified that Trendtino Limited, an international business company with its registered office at No. 2 Mapp Street, Belize City, Belize C.A, is offering Payment Processing Services on its website, https://schonpay.com/ without a licence from the IFSC. Trendtino Limited is therefore directed to cease and desist from…

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February 15, 2017 BY Valentina Kirilova

ASIC cancels AFS licence of Sovereign MF Ltd (in liquidation)

ASIC has cancelled the Australian Financial Services (AFS) licence of Sovereign MF Ltd (in liquidation) ACN 104 964 555. Sovereign is the responsible entity for The Sovereign Tarneit Land Fund and The Sovereign Aged Care Property Fund (the Schemes). Sovereign was placed into liquidation on 24 May 2013 following a creditors' resolution on the basis…

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