November 28, 2016 BY LeapRate Staff

JPMorgan aggressively buying Plus500 shares, stake above 9%

LeapRate Exclusive... LeapRate has learned via regulatory filings that global investment bank JPMorgan Chase & Co. (NYSE:JPM) has increased its stake in CFD broker Plus500 Ltd (LON:PLUS) to 9.0%. JPMorgan's most recent filings had indicated a 5.1% interest in Plus500. JPMorgan now holds, via its J.P Morgan Securities plc subsidiary, a total of 10,343,694 Plus500 shares…

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November 28, 2016 BY Valentina Kirilova

ACCC warns on Centrelink pretenders scams

The Australian Competition and Consumer Commission (ACCC) has warned the community to be aware of phone calls from scammers pretending to be from the Department of Human Services or Centrelink. The ACCC’s Scamwatch has received over 2,200 reports of this scam since January, with more than $27,000 reported lost. Four individuals have reported losses of $1,000…

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TechFinancials converts loan into Footies
November 28, 2016 BY LeapRate Staff

TechFinancials receives $1 million payout from binary options JV DragonFinancials

Binary options platform provider and operator TechFinancials Inc (LON:TECH) has announced that it has received a $1 million dividend payout from its DragonFinancials joint venture subsidiary. We had reported in September, when TechFinancials announced its (surprisingly good) first half financial results, that the company had established DragonFinancials Limited, a partnership with the owners of Optionfortune Trade Limited,…

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November 28, 2016 BY Valentina Kirilova

ASIC to launch new digital toolkit to help Australians navigate financial advice

A new online toolkit developed by ASIC's MoneySmart will enable Australians to better understand and navigate the financial advice process. ASIC's MoneySmart Financial Advice Toolkit is a free educational tool that breaks down the complexity around the financial advice process. It will assist consumers with their research and help them evaluate the financial advice they…

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November 28, 2016 BY LeapRate Staff

Canada's OSC warns against unregulated Retail Forex broker Zurich Prime

Continuing a string of warnings against forex and binary options brokers targeting traders in Canada, Canadian securities regulator the Ontario Securities Commission (OSC) has issued a warning to investors regarding Zurich Prime, operating from website zurichprime.com. The OSC actually issued two separate warnings – one to U-Nex Solutions SRL which the Zurich Prime website states is based in Romania…

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November 25, 2016 BY Valentina Kirilova

RussNeft shares start trading on Moscow Exchange

At 16:00 on 25 November 2016, Moscow Exchange (MOEX) has launched trading in RussNeft ordinary shares (ticker RNFT). At its IPO held on the Exchange, the company offered RUB 32.4 billion worth of shares at RUB 550 each, with the market cap totalling RUB 161.8 billion. VTB Capital and Sberbank CIB acted as joint global…

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November 25, 2016 BY Valentina Kirilova

Thomson Reuters Lipper announces CPFIS - included funds increase 6.22% in Q3 2016

Business information giant Thomson Reuters Corp (NYSE:TRI) Lipper has announced its findings on the performance of all unit trusts and investment-linked insurance products (ILPs) that are included under the Central Provident Fund Investment Scheme (CPFIS) as of 30 September 2016. In Q3 2016, the overall performance of CPFIS-included funds rose 6.22% on average, a positive and…

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November 25, 2016 BY Valentina Kirilova

Aegon platform with a new CGT calculator by FinoComp

New technology development specialists, FinoComp, have announced the launch of a gains calculator for advisers using the Aegon platform. The new tool has been designed to give advisers and para-planners the information they need to manage their client’s capital gains tax (CGT) liabilities. The initial scope of the project covers the capital gains on general…

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November 25, 2016 BY Valentina Kirilova

HKEX welcomes market regulators' announcement of Shenzhen Connect's start date

Hong Kong Exchanges and Clearing Limited (HKEX) has welcomed today's announcement by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission of the start date for Shenzhen-Hong Kong Stock Connect (Shenzhen Connect), a mutual market access programme of the Hong Kong and Shenzhen stock markets. As stated in a regulatory announcement…

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