IOSCO issues statement on liquidity risk management recommendations for investment funds
February 08, 2017 BY Valentina Kirilova

IOSCO analyzes potential of tech-driven change in the securities market industry

A new report published today highlights the increasingly important intersection between financial technology (Fintech) and securities market regulation, and describes the impact it has on investors and financial services. The IOSCO Research Report on Financial Technology, published by the International Organization of Securities Commissions (IOSCO), describes a variety of innovative business models and emerging technologies…

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fma warning
February 08, 2017 BY Valentina Kirilova

New Zealand's FMA warns firms under anti-money laundering and countering financing of terrorism act

The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act. Under section 59(2) of the Act, the FMA required reporting entities to submit their audit of their Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) risk assessment and…

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February 08, 2017 BY Valentina Kirilova

OCC welcomes MIAX PEARL Options Exchange

Options Clearing Corporation (OCC), the equity derivatives clearing organization, just congratulated MIAX on the launch of MIAX PEARL, which began operations on Monday. This successful launch brings the total number of U.S. options markets to fifteen. Craig Donohue, OCC Executive Chairman and CEO, commented: OCC congratulates the Miami International Securities Exchange on the successful launch…

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February 08, 2017 BY LeapRate Staff

TechFinancials loses largest Binary Options client 24option, shares plunge 30%

Shares of binary options platform provider TechFinancials Inc (LON:TECH) plunged by more than 30% on Tuesday, after the company disclosed that it was going to lose its largest client, binary options broker 24option.com. The decline triggered two successive 5-minute Price Monitoring Extension periods in London Stock Exchange trading in the stock. A Price Monitoring Extension is activated…

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February 08, 2017 BY Valentina Kirilova

FCA warns on Boston Private Law Group LLC 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 Boston Private Law Group LLC. Boston Private Law Group LLC is not authorised by the FCA but has been targeting people in the UK and is…

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February 08, 2017 BY LeapRate Staff

Gain Capital finalizes acquisition of FXCM's US clients

Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has announced that it has reached a definitive agreement to acquire the US clients of rival FXCM Inc (NASDAQ:FXCM). Gain declined to say how much it was paying for the FXCM US client base. However we believe that very little cash changed hands (more on that below). Gain…

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February 07, 2017 BY admin

FXCM stock tanking, losing 50% day after CFTC ban

Now is a great time to see the aftermath of the damage being brought to FXCM in the wake of the ruling in which the US Commodity Futures Trading Commission (CFTC) banned FXCM Inc (NASDAQ:FXCM) from its home US market, as well as a permanent registration ban for CEO Drew Niv. Today the stock is tanking by…

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