The Court of Appeal has dismissed Mr Andrew Left’s application for leave to appeal against the determination of the Market Misconduct Tribunal (MMT) on questions of fact, Hong Kong SFC just announced. The Court of Appeal said that Left’s application was made out of time, and that, even if the application were within time, it…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Diamond Loans. 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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Cyprus financial regulator CySEC has announced that it has reversed part of a €180,000 fine issued last September to regulated binary options broker IQ Option Europe Ltd, which operates website iqoption.com. CySEC stated that €20,000 of the €180,000 fine is now not payable. The €20,000 was for the company not taking all the reasonable steps…
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In 2016, SIX Swiss Exchange registered a trading turnover of CHF 1'279.3 billion. This is higher than in 2014 (CHF 1'148.2 bn), while in the previous year a new record had been set following the decision of the Swiss National Bank to remove the euro floor (CHF 1'372.5 bn). Record turnover for ETFs While CHF…
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Business information giant Thomson Reuters Corp (NYSE:TRI) has launched a World Economic Forum (WEF) app on its flagship desktop product Eikon, a one-stop location for market data, news, and analysis leading up to and through the 2017 WEF in Davos, being held January 17-20, 2017. The 2017 WEF is convening under the theme of “Responsive…
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Turkish President Recep Tayyip Erdoğan noted yesterday that there is no difference between an armed terrorist and a terrorist holding dollars, euros and interest, describing the goal of the latter to take over the country. The President also mentioned that the currency is being used as a weapon and noted that the Central Bank and other…
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Global Prime Partners just announced that Markus Ruetimann has joined its Board as Senior Non-Executive Director. Having worked in the financial services industry for over 25 years in Zurich, Geneva, New York and, currently, in London, Markus was previously Group COO of Schroders plc, Global Head of Technology & Portfolio Services at UBS Global Asset Management…
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The Securities and Exchange Commission (SEC) announced that Michael J. Osnato Jr., Chief of the Enforcement Division’s Complex Financial Instruments Unit, is planning to leave the agency later this month. For the past three years, Mr. Osnato led the specialized unit of 45 attorneys and industry experts in offices across the country that investigate potential…
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Theresa May is expected to outline Brexit strategy on Tuesday A spokeswoman for the Prime Minister said her speech will set out "more on our approach to Brexit" and will be "in line with our approach of a global Britain and continuing to be an outward looking nation". Opposition parties hope it will end uncertainty…
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The Listing Committee of The Stock Exchange of Hong Kong Limited just announced that has censured Natural Dairy (NZ) Holdings Limited (Stock Code: 462) for failing to announce and obtain shareholders' approval in respect of a material change in the terms of a very substantial acquisition previously announced and approved by shareholders in breach of…
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