The Securities and Futures Commission (SFC) has prohibited Mr Choi Siu Ki, a former financial planning manager of Dah Sing Bank Limited, from re-entering the industry for nine months from 7 January 2017 to 6 October 2017 for forging client signatures. The SFC found that in August 2015, Choi forged a customer’s signatures on two…
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The Securities and Exchange Commission (SEC) announced an award of more than $5.5 million to a whistleblower who provided critical information that helped the SEC uncover an ongoing scheme. According to the SEC’s order, the whistleblower was employed at the company involved in the wrongdoing and reported the information directly to the SEC, which brought…
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CFD broker Plus500 Ltd (LON:PLUS) just announced that it has extended its sponsorship agreement with Club Atlético de Madrid Football Club, SAD, to be the main sponsor for the 2017/18 season. Plus500 first became the Official Main Sponsor of Atlético in January 2015 and the collaboration to date has been very successful for both parties.…
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ASIC is encouraging people to make a positive start to 2017 by taking steps to set and achieve their financial goals. Here are ASIC’s MoneySmart New Year financial tips for 2017: 1. Review your finances Work out your short, medium and long term financial goals and priorities and put a plan in place to…
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LeapRate Exclusive... LeapRate has learned from regulatory filings that binary options brokerage group EZTD Inc (OTCMKTS:EZTD) has drawn down the first $3 million equity tranche from an $11 million investment commitment made to the company from alternative investment firm Yorkville Advisors Global, LLC. LeapRate had exclusively reported on the commitment made to EZTD by Yorkville in November. EZTD…
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Synechron Inc., the digital, business consulting and technology services provider, has today announced its predictions of top Financial Services Trends for 2017, supported by survey data from TABB Group. The survey of over 200 senior-level, global financial services business and IT decision-makers across the U.S. U.K. and Europe found 38% of respondents placed Regulation as…
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UK online trading leader IG Group Holdings plc (LON:IGG) just shared its opinion on the impact of new requirements from the AMF, a supervisor of IG's activities, on the advertising of its products in France. Following the passing of the Sapin 2 law at the end of 2016, the general rulebook of the AMF has now been…
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FXecosystem, a leading provider of institutional and retail FX outsourced connectivity services, today announced further expansion in Asia, with a point of presence (POP) in the Hong Kong HK1 data center of Equinix Inc (NASDAQ:EQIX). FXecosystem's expansion is meant to accommodate current retail and institutional client requirements in the region and follows the recent opening of the…
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Forex Industry News in the first week of 2017 contained a microcosm of much of the hot topics from 2016 - IPO, binary options regulation, arrests, new licenses, trade disclosure and transparency... And just like in 2016, you read about it first or exclusively at LeapRate. An initial look at December FX trading volumes showed…
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The European Securities and Markets Authority (ESMA) has published an extract from its confidential database of enforcement decisions on financial statements. The extract includes a selection of 14 decisions that were taken by national enforcers in the period from March 2014 to June 2016. ESMA is publishing extracts from its confidential database of enforcement decisions…
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