December 28, 2016 BY Valentina Kirilova

Toshiba shares drop 20%, hit daily limit

Toshiba Corp (6502.T) shares plunged 20% today (Wednesday), hitting the Tokyo exchange's daily downward limit after the company said it could face a multi-billion dollar charge on a U.S. nuclear power business bought last year. The surprise warning arrives just as soon as the group recovers from a $1.3 billion accounting scandal, as well as a…

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December 28, 2016 BY Valentina Kirilova

SEC charges lawyer with stealing investor money in EB-5 offerings

The Securities and Exchange Commission (SEC) charged a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to buy a yacht and prop up his other businesses. The SEC alleges that Emilio Francisco raised $72 million from investors in China solicited through his marketing firm PDC Capital…

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sfc warning
December 28, 2016 BY Valentina Kirilova

Hong Kong SFC adds Sealand Trading Limited to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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fma warns against unregulated company
December 27, 2016 BY Valentina Kirilova

Italy regulator CONSOB warns against 10 new brokers

Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has issued a public warning against new forex brokers. CONSOB has suspended for a period of 90 days, under the terms of art. 99, paragraph 1, lett. b), of the Consolidated Law on Finance - CLF, the offering to the public resident…

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amf
December 27, 2016 BY Valentina Kirilova

AMF warns against a few online forex brokers

The AMF and the ACPR just published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the list of new websites recently identified: - www.financikatrade.com / FINANCIKA (SHARP TRADING) LTD - www.gninvest-ag.com / usurpation de GN INVEST AG -…

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December 27, 2016 BY LeapRate Staff

Retail forex broker Colmex Pro gets €100,000 CySEC fine for misleading advertising and compliance failures

Cyprus financial regulator CySEC has issued a €100,000 fine Colmex Pro Ltd for a series of compliance issues discovered by the regulator. The €100,000 fine breaks down as follows: €40,000 for nor properly informing clients of appropriate risks of trading, €30,000 for misleading advertising, €20,000 for operational risks not being properly addressed, €10,000 for other…

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December 27, 2016 BY LeapRate Staff

Forex Week in Focus, December 27-30

The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. FXPRIMUS Week in Focus for the week beginning 27 December It’ll probably be quiet this week, as the Christmas holiday continues Tuesday in the UK and several of the former Commonwealth countries. For the rest of the week there…

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