The Securities and Futures Commission (SFC) has reprimanded North Sea Securities Limited and fined it $700,000 for failing to put in place proper controls to monitor and supervise employee dealings, in breach of the Code of Conduct. The SFC found that from 4 to 27 December 2013, there were 25 cross trades between four accounts…
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This article is written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Donald Trump’s election as the 45th President of the United States has triggered an unprecedented rally in the US financial markets and the thrill spread over global asset trading. Traders bought the anti-establishment and sold…
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The Netherlands Authority for the Financial Markets (AFM) just announced that on the afternoon of Tuesday 24 January, after the close of the market, the regulator inadvertently published a list on its website that included net short positions of less than 0.5% instead of publishing the daily list of net short positions of 0.5% and higher.…
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The Securities and Futures Commission (SFC) has banned Mr Ma Yu Lung, a former representative of Sun Hung Kai Investment Services Limited (SHKIS), from re-entering the industry for eight years from 26 January 2017 to 25 January 2025 for breach of the Code of Conduct. The SFC’s investigation found that on numerous occasions between September…
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At its meeting on Wednesday, 25 January 2017, the Exchange Council of Eurex Deutschland elected a new chairman as well as the vice chairman for a period of three years. Carola Gräfin von Schmettow, chariman of the Management Board, HSBC Trinkaus & Burkhardt AG, was appointed as chair, Professor Dr. Lutz Johanning, WHU – Otto…
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The Exchange Council of the Frankfurt Stock Exchange was reconstituted today. The members of the Exchange Council unanimously elected Lars Hille, member of the Executive Board of DZ Bank, as the new Chairman. Matthias Zieschang, Executive Board member at Fraport AG, will remain as Deputy Chairman. Lars Hille replaces Lutz Raettig, who has been a…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm GVQ Investment Funds. 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…
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London-based online trading firm CMC Markets Plc (LON:CMCX) has issued a Trading Update for its Fiscal 2017 third quarter, which covers the three month period of October 1 - December 31, 2016. CMC has a March 31 fiscal year end. While CMC did not disclose any specific revenue, volume or earnings figures, it did state…
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The Securities and Exchange Commission (SEC) announced that a Massachusetts-based investment adviser agreed to be banned from the securities industry after the agency uncovered an illegal cherry-picking scheme through its data analysis used to detect suspicious trading patterns. The SEC filed fraud charges in federal district court against Michael J. Breton and his firm Strategic…
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ZuluTrade, a social trading platform company today announced to users its new website. ZuluTrade was a pioneer social copy-trading by combining trading signals with algorithmic performance ranking, to create real-time actionable trades. ZuluTrade since last year has released Social Charts and Automated Trades, working closely with customers to add Social Tab, a feature that allows…
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