The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (SEHK or the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today issued a joint statement regarding the price volatility of stocks listed on the Growth Enterprise Market (GEM). The SFC and the Exchange consider that some…
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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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HSBC has voluntarily agreed to set up a redress scheme for customers who may have suffered detriment by paying an unreasonable debt collection charge imposed by HFC Bank Ltd (HFC) and John Lewis Financial Services Limited (JLFS), the Financial Conduct Authority (FCA) has just announced. Both HFC and JLFS are now part of HSBC Bank…
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The People’s Bank of China has been investigating major Bitcoin exchanges in the country including BTCC, Huobi and OKcoin. Huobi and OKCoin have formally announced they have halted margin trading services. The Shanghai Head Office of the People’s Bank of China has found after an initial investigation that BTCC was engaged in illegal operations and…
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Marie Seiller has been appointed Executive Director of Corporate Accounting. Ms Seiller holds a degree from ESCP-EAP. She began her career in 2000 as an auditor at Arthur Andersen, now Ernst & Young. She worked for seven years as a Senior Manager on financial audit assignments in the industrial and environmental services sectors, and provided…
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The Canadian Securities Administrators (CSA) announced two new national instruments affecting over-the-counter (OTC) derivatives trading in Canada. The national instruments are part of Canada’s ongoing implementation of commitments to reform the global OTC derivatives markets. These national instruments are designed to align with international standards and provide safeguards in the Canadian market for counterparties transacting…
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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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Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has released improved activity level in Q4. Activity level in the fourth quarter 2016 was stronger with reported consolidated revenue of CHF 190.7 million, an increase of 4.8% in constant currencies from the equivalent quarter last year. The Group’s consolidated adjusted revenue was CHF 207.6 million, an…
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U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad, who announced himself he would resign at the beginning of the month, today announced that Division of Enforcement Director Aitan Goelman will also leave the agency on February 3, 2017. During Mr. Goelman’s tenure, the Division brought a number of first-in-kind cases utilizing the new enforcement…
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The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Citigroup Global Markets Inc. for spoofing — bidding or offering with the intent to cancel the bid or offer before execution — in U.S. Treasury futures markets and for failing to diligently supervise the activities of its employees and…
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