IT specialist settles charges of insider trading on hacked nonpublic information LeapRate

December 07, 2016 BY Valentina Kirilova

IT specialist settles charges of insider trading on hacked nonpublic information

The Securities and Exchange Commission (SEC) announced insider trading charges against a San Francisco-based information technology specialist who allegedly hacked senior executives at online travel company Expedia and illegally traded on company secrets. The SEC alleges that Jonathan Ly, who worked in Expedia’s corporate IT services department, illegally traded in advance of nine company news…

December 07, 2016 BY Valentina Kirilova

HKEX appoints Alexander Longman as a member of the Derivatives Market Consultative Panel

The Board of Directors of Hong Kong Exchanges and Clearing Limited (HKEX) has approved the appointment of Mr Alexander Longman as a member of the Derivatives Market Consultative Panel to fill the vacancy arising from Mr Craig Robertson's resignation. HKEX wishes to take this opportunity to thank Mr Robertson for his dedicated service to the…

December 07, 2016 BY Valentina Kirilova

Alpari starts operations in Belarus

Retail forex broker Alpari has announced that on December 6 Belarusian Currency and Stock Exchange confirmed that Alpari Eurasia has successfully passed the software test for compliance with the requirements set by the National Bank of the Republic of Belarus. As LeapRate reported, Alpari was added to the list of Registered Forex Brokers by The National…

December 07, 2016 BY LeapRate Staff

UK's PSR proposes changes to payment systems infrastructure procurement

UK payments regulator PSR has today proposed changes to the way payment systems infrastructure is procured and provided, the latest step taken by the PSR in a series of developments that is bringing wholesale change to UK payments. Earlier this year, the PSR unveiled the conclusions of its market review into the ownership and competitiveness of…

December 07, 2016 BY Valentina Kirilova

Netherlands regulator AFM warns against suspected boiler room operation Orix Capital Trading

The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Orix Capital Trading. This company is a suspected boiler room. Orix Capital Trading has approached persons without being asked, to offer them investment proposals. A boiler room is a collective term for fraudulent individuals and organizations using clever salespeople…

December 07, 2016 BY LeapRate Staff

Saxo Bank’s 2017 ‘Outrageous Predictions’: Brexit never happens, Bitcoin surge, Peso soars

One of the more interesting traditions in the forex world as we head toward the holiday season and year-end is Saxo Bank’s annual “Outrageous Predictions”. Not meant to be a real look into the crystal ball but rather food for thought, Saxo Bank takes a look at some wacky but still plausible scenarios for traders…

December 07, 2016 BY Valentina Kirilova

FCA warns on clone firm of Reinhard Hofer International / Reinhard Hofer Venture Partners

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Reinhard Hofer International / Reinhard Hofer Venture Partners. 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…

December 07, 2016 BY Valentina Kirilova

Australia Retail Forex broker Synergy FX hires Daniel Bent, opens Shanghai office

Australian FX provider Synergy FX has strengthened its management team with the hiring of Daniel Bent as Head of FX. Bent has dedicated over 17 years in the financial markets both in Australia and the UK, and will be concentrating on growing Synergy FX’s market presence both locally and globally. His experience and track record…

December 07, 2016 BY LeapRate Staff

Forex and CFD brokers shed more than $2 billion in market value on 'FCA Tuesday'

Yesterday may well be known one day as 'FCA Tuesday', the day the UK regulator shook up the online retail trading industry by introducing a hard 50x leverage cap and a ban on bonus inducement payments to retail traders. Many of the brokers affected by the FCA's new rules regime are now regrouping and reevaluating…

December 07, 2016 BY Valentina Kirilova

Firm settles charges for selling unregistered swaps involving pre-IPO companies

The Securities and Exchange Commission (SEC) announced that a San Francisco-based firm agreed to settle charges that it violated federal securities laws by failing to register security-based swaps that were offered and sold online to shareholders in pre-IPO companies. The SEC instituted an order finding that Equidate Inc. sought to provide liquidity for employees of…