December 02, 2016 BY Valentina Kirilova

SFC and FINMA sign agreement on Switzerland-Hong Kong Mutual Recognition of Funds

The Securities and Futures Commission (SFC) and the Swiss Financial Market Supervisory Authority (FINMA) have signed a Memorandum of Understanding on Switzerland-Hong Kong Mutual Recognition of Funds and Asset Managers (MoU), which will allow eligible Swiss and Hong Kong public funds to be distributed in each other’s market through a streamlined vetting process. The MoU…

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December 02, 2016 BY Valentina Kirilova

Eurex boosts capital efficiencies for KOSPI 200 investors

Eurex – Europe’s largest derivatives exchange – has announced that allowed investors in Korea’s equity benchmark KOSPI 200 Index to more easily hedge their options exposures, by using Eurex Mini KOSPI-200-Futures as a hedging tool via the same trading platform. Michael Peters, Deputy CEO of Eurex, when presenting the monthly derivatives trading statistics of Deutsche…

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December 02, 2016 BY Valentina Kirilova

SafeCharge trading update states 2016 results strong and in line with expectations

SafeCharge (AIM:SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, has just made a trading statement and strategic update. Trading ahead of the 2016 year end remains strong, as a result SafeCharge's financial performance for the full year is expected to be in line with market expectations.…

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December 02, 2016 BY Valentina Kirilova

SIX Group reports 36.6% MoM rise in November's trading turnover

SIX Swiss Exchange and SIX Structured Products Exchange have just announced their November 2016 volumes. Here are some of the key figures: Trading turnover in November 2016 of CHF 125.8 billion (+36.6% month-on-month) Trading turnover in the first 11 months of the year: CHF 1,171.6 billion (-8.0% versus the same period in the previous year…

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sec building
December 02, 2016 BY Valentina Kirilova

SEC charges Onix Capital LLC and Manager

The Securities and Exchange Commission (SEC) announced fraud charges and an asset freeze against Miami Beach-based asset management company Onix Capital LLC and owner Alberto Chang-Rajii, a Chilean national who fled the U.S. earlier this year. The SEC alleges that Chang and Onix Capital defrauded investors in promissory notes that “guaranteed” annual returns of 12% to…

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December 02, 2016 BY Valentina Kirilova

FCA bans Chief Executive at TMI and fines him £233,600

The Financial Conduct Authority has published a Decision Notice in respect of Alistair Burns, Chief Executive at TailorMade Independent Limited (TMI). Mr Burns has referred this Decision Notice to the Upper Tribunal (the Tribunal) where he and the FCA will each present their case. The Decision Notice, which reflects the FCA’s view of what occurred…

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December 01, 2016 BY LeapRate Staff

PIMCO pays $18 million penalty to settle SEC charges it misled investors about ETF performance

The U.S. Securities and Exchange Commission (SEC) has announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20 million (including a penalty of more than $18 million) to settle charges that it misled investors about the performance of one its first actively managed exchange-traded…

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