pay to play violations
January 17, 2017 BY LeapRate Staff

Pershing Square and NGN Capital among 10 firms fined for pay-to-play violations

The U.S. Securities and Exchange Commission has announced that 10 investment advisory firms have agreed to pay penalties ranging from $35,000 to $100,000 to settle charges that they violated the SEC’s investment adviser pay-to-play rule by receiving compensation from public pension funds within two years after campaign contributions made by the firms’ associates. According to the…

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mobile app ad analytics
January 17, 2017 BY LeapRate Staff

Mobile app ad analytics gets big boost with $56 million raise by AppsFlyer

Mobile ad analytics company AppsFlyer has announced that it has raised an additional $56 million in Series C financing, bringing its total funding to $84 million. Based in Herzliya, Israel, AppsFlyer's technology is found on 98 percent of the world's smartphones, making it the global leader in mobile attribution and marketing data analytics. Data-driven marketers…

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ASIC applauds the enactment of stronger whistleblowing laws
January 17, 2017 BY LeapRate Staff

Blackrock fined by the SEC for whistleblowing clauses in exit agreements

The U.S. Securities and Exchange Commission has announced that New York-based BlackRock, Inc. (NYSE:BLK), the world's largest asset manager, has agreed to pay a $340,000 penalty to settle charges that it improperly used separation agreements in which exiting employees were forced to waive their ability to obtain whistleblower awards. According to the SEC’s order, more…

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January 17, 2017 BY Valentina Kirilova

FCA warns on Right Capital Partners Ltd firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Right Capital Partners Ltd. Right Capital Partners Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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January 17, 2017 BY Valentina Kirilova

Moscow Exchange launches weekly options

On 26 January 2017, Moscow Exchange will launch trading in weekly options on the RTS Index. The new instrument will complement MOEX`s monthly and quarterly options offering. The contracts will become available for trading two weeks prior to their expiration. They will expire every Thursday starting on 9 February 2017. A weekly option series will…

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January 17, 2017 BY Valentina Kirilova

Thomson Reuters closes REDI trading technology acquisition

Thomson Reuters (NYSE: TRI) has completed its acquisition of REDI Holdings, allowing Thomson Reuters to incorporate an advanced, cross-asset execution management system (EMS) into its buy-side trading capabilities and deliver integrated trading workflow solutions to the buy-side community. Thomson Reuters first announced the deal back in September 2016. REDI will now operate as Thomson Reuters…

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January 17, 2017 BY Valentina Kirilova

FCA takes first criminal action against an individual acting as unlicensed consumer credit lender

Mr Dharam Prakash Gopee has appeared today at Westminster Magistrates Court charged with offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000. These charges arise from an investigation carried out by the Financial Conduct Authority (FCA) into Mr Gopee and companies he controls including Reddy Corporation Ltd, Speedy Bridging…

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