SEC charges operators of fake day-trading firm who cheated investors out of $1.4 million LeapRate

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

December 21, 2016 BY admin

SEC charges operators of fake day-trading firm who cheated investors out of $1.4 million

The Securities and Exchange Commission today charged two men behind a phony day-trading firm with pocketing more than $1.4 million in deposits from hundreds of defrauded investors worldwide. The SEC alleges that Naris Chamroonrat of Bangkok, Thailand, recruited Adam L. Plumer of Las Vegas to help him lure investors to day-trade through an unregistered brokerage…

December 21, 2016 BY admin

Buenos Aires Stock Exchange data is now live on TradingView

TradingView, the advanced financial visualization platform and social network for traders and investors announced today an expansion of its data coverage. You can now purchase real-time stock and index data from Buenos Aires Stock Exchange (Argentina) with any professional plan. You can also purchase additional data from the following exchanges with any pro plan: AMEX…

December 21, 2016 BY Valentina Kirilova

FCA warns on Einstein Transfer 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 Einstein Transfer Ltd. Einstein Transfer Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

December 21, 2016 BY admin

Goldman Sachs hit with $120 million penalty for manipulation of US dollar benchmark

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Goldman Sachs Group Inc (NYSE:GS) and Goldman, Sachs & Co. (collectively, Goldman or the Bank). The Order finds that, beginning in January 2007 and continuing through March 2012 (the Relevant Period), Goldman attempted, by and through certain of its…

December 21, 2016 BY Valentina Kirilova

HKEX places Anxin-China Holdings into final delisting stage

The Stock Exchange of Hong Kong Limited placed Anxin-China Holdings Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 20 June 2017), Anxin-China Holdings’ listing will be cancelled. Trading of the company's shares was suspended on 1 April 2015 as it…

December 21, 2016 BY Valentina Kirilova

FCA warns on clone firm of Capital Bridging Finance No.1 Limited

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Capital Bridging Finance No.1 Limited. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of…

December 21, 2016 BY Valentina Kirilova

FCA warns on Graceful Motors Limited 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 Graceful Motors Limited. Graceful Motors Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

IOSCO issues statement on liquidity risk management recommendations for investment funds

December 21, 2016 BY Valentina Kirilova

IOSCO issues survey of leading regulators on risks of leveraged Forex and CFD trading

The International Organization of Securities Commissions (IOSCO) issued a report that identifies various risks related to the marketing and sale of complex OTC leveraged products to retail investors, and describes how some regulators are responding to the challenges these products present. The Report on the IOSCO Survey on Retail OTC Leveraged Products analyses offers of…

December 21, 2016 BY Valentina Kirilova

Derivatives platform OTCX receives Australia Market Exemption License by ASIC

OTCX, a provider of electronic derivatives trading capabilities, today announced the development of additional trading capabilities to include OTC Equity Derivative and Interest Rate Derivative trading for the Australian market. In October 2016, the Australian Securities and Investments Commission (ASIC) approved a Market Exemption License for OTCX Trading Ltd. This enables regulatory monitoring of the…

Monex teams up with Shizuoka Bank to launch financial instruments intermediary services

December 21, 2016 BY Valentina Kirilova

Monex Group reports 18% MoM rise in November operating revenue

Monex Group Inc. (TYO:8698) today reported its monthly consolidated financial results for November 2016. The company announced operating revenue of ¥4,020 million which is exactly 18.20% higher than the month of October. November 2016's operating revenue is just a tiny bit lower compared to same period last year - operating revenue in November 2015 was ¥4,330 million.…