Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
January 13, 2017 BY Valentina Kirilova

Michael J. Osnato Jr., Chief of Enforcement Division’s Complex Financial Instruments Unit, leaves SEC

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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January 13, 2017 BY Valentina Kirilova

PM Theresa May to make a major speech on Brexit next week

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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January 13, 2017 BY Valentina Kirilova

HKEX censures Natural Dairy (NZ) Holdings Limited and former directors for breaching the Exchange Listing Rules

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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January 12, 2017 BY LeapRate Staff

CME Direct goes live with qbeats' dynamic content pricing

Big data pricing technology provider qbeats has announced that its multi-patented QMV dynamic content valuation and pricing system has gone live with CME Direct, the highly-configurable trading front end for all listed CME Group Inc (NASDAQ:CME) markets. CME Group, the world's leading and most diverse derivatives exchange, will become the first full marketplace to offer…

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January 12, 2017 BY LeapRate Staff

BNY Mellon pays $6.6 million SEC fine for reg capital miscalculations

The U.S. Securities and Exchange Commission today announced that BNY Mellon Corp (NYSE:BK) has agreed to pay a $6.6 million penalty to settle charges stemming from miscalculations of its risk-based capital ratios and risk-weighted assets reported to investors. An SEC investigation found that BNY Mellon deviated from regulatory capital rules by excluding from its calculations…

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SFC fines
January 12, 2017 BY LeapRate Staff

Broker ITG paying $24 million SEC fine for foreign share ADRs violation

The U.S. Securities and Exchange Commission today announced that broker Investment Technology Group (NYSE:ITG) agreed to pay more than $24.4 million to settle charges that it violated federal securities laws when it prompted the issuance of American Depository Receipts (ADRs) without possessing the underlying foreign shares. ADRs are U.S. securities that represent shares of a…

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BCSC warning
January 12, 2017 BY LeapRate Staff

Offshore broker Bristol Financial receives warning from Canadian regulator BCSC

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List offshore broker Bristol Financial Offshore, operating as Bristol Financial and Bristol Offshore from website bristoloffshore.com. According to the BCSC, Bristol Financial claims to be…

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