Hong Kong SFC
December 06, 2016 BY Valentina Kirilova

SFC commences MMT proceedings over alleged insider dealing in Titan Petrochemicals Group Ltd shares

The Securities and Futures Commission (SFC) has commenced proceedings in the Market Misconduct Tribunal (MMT) against Mr Augustine Cheong Kai Tjieh, a former senior executive of an affiliate of Titan Petrochemicals Group Limited, and his mother Ms Gan Ser Soon, for alleged insider dealing in Titan shares in 2012. The SFC alleges that Cheong and…

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December 06, 2016 BY Valentina Kirilova

Saxo Bank expands in China with Phoenix Finance partnership

Global broker Saxo Bank and financial technology firm Phoenix Finance have just signed a MOU to form a white label partnership. The integration process will start in Q1 2017. The partnership will enable Phoenix Finance to integrate Saxo's investment and trading capabilities, directly into their own applications and systems and enhance its offering to clients.…

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December 06, 2016 BY Valentina Kirilova

FCA warns on clone firm of Westburn Finance

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Westburn Finance. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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December 06, 2016 BY Valentina Kirilova

Raiffeisen to issue structured products with SIX Swiss Exchange

SIX Swiss Exchange has just welcomed Raiffeisen as a new issuer of structured products. Raiffeisen banks have been offering their customers structured investment products as a complement to traditional forms of investment for ten years now. Today, Raiffeisen appeared itself as an issuer of these products for the first time. The first product of Raiffeisen…

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