ASIC disqualifies incompetent director from managing companies for maximum five year period LeapRate

December 20, 2016 BY Valentina Kirilova

ASIC disqualifies incompetent director from managing companies for maximum five year period

Mr George Nassar, of Revesby, NSW, has been disqualified by ASIC from managing companies for the maximum period of five years arising from his involvement in eighteen failed companies. ASIC found that Mr Nassar failed to ensure that proper financial records were kept, failed to assist the liquidators of the eighteen companies after the companies…

December 20, 2016 BY admin

Asia-based 8 Securities launches robo-advisor investment app

8 Securities, an Asia-Pacific robo-advisor with licensed offices in Hong Kong and Tokyo, launched its investing app 'Chloe' on Google Play and the Apple Store today. The service is free for accounts under HK $8,888 (USD $1,145). Back in May, LeapRate reported on the launch of 8 Securities, and their commission-free investment accounts. How does the app 'Chloe'…

December 20, 2016 BY admin

NFA fines and settles case with forex IB Avail Trading Corp for $30,000 for alleged violations

The National Futures Association (NFA) today, December 19, 2016, at an NFA Hearing Panel, issued a Decision accepting Forex introducing broker Avail Trading Corp (Avail Trading) and David Manoukian's settlement offer and imposed a $30,000 fine to be paid within 30 days. On June 30, 2016, NFA's Business Conduct Committee (BCC) issued a Complaint to…

NinjaTrader Brokerage launches options on futures

December 20, 2016 BY admin

NinjaTrader 8 launches new alerting system

NinjaTrader Group, LLC the Denver-headquartered trading platform provider announced today that as part of its NinjaTrader 8 500 + user-driven enhancements, the company has redesigned its 'Alerts' functionality, which now allows for the execution of complex, multifaceted conditions in the Market Analyzer, Hot List Analyzer or Charting modules. The new alerting system is a point…

December 19, 2016 BY admin

CFTC issues Convergent Wealth Advisors a $800K penalty for falsified investment statements

The U.S. Commodity Futures Trading Commission (CFTC) today filed an Order instituting proceedings and settling charges against Convergent Wealth Advisors LLC (Convergence), an investment advisory firm located in Potomac, Maryland. The CFTC Order requires Convergent to pay an $800,000 civil monetary penalty and prohibits Convergent from violating the provisions of the Commodity Exchange Act and…

December 19, 2016 BY LeapRate Staff

SEC charges Platinum Funds founder Mark Nordlicht with defrauding investors

The U.S. Securities and Exchange Commission (SEC) today charged the founder of Platinum Partners Mark Nordlicht (pictured above, with former managing general partner Uri Landesman) and two of Platinum's flagship hedge fund advisory firms with conducting a fraudulent scheme to inflate asset values and illicitly move investor money to cover losses and liquidity problems. SEC…

December 19, 2016 BY LeapRate Staff

Forex Week in Focus, December 19-23: Electoral College vote, BoJ meeting, US personal income & spending

The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. FXPRIMUS Week in Focus for the week beginning 19 Dec: Electoral College vote, Bank of Japan meeting, US personal income & spending As the year draws to a close, things start to shut down. There’s little data out this…

December 19, 2016 BY admin

Invest Diva Kiana Danial on ichimoku-based trading strategies

The following post is courtesy of Kiana Danial, CEO of Invest Diva, an award-winning, internationally recognized personal investing and wealth management expert. She is a highly sought-after professional speaker, author and executive coach who delivers inspirational workshops and seminars to corporations, universities and entrepreneurial groups. She is a frequent expert on many TV and radio…

December 19, 2016 BY admin

Reg reporting firm AxiomSL appoints Olivier Kamoun as Chief Product Officer

AxiomSL, the global provider of regulatory reporting, data and risk management solutions, announced the appointment of Olivier Kamoun as the company’s global Chief Product Officer. This appointment highlights the company’s focus and investment in developing innovative solutions to address the ever-changing regulatory and compliance reporting landscape. In his role, Olivier will be responsible for driving…

MOEX launches trading in sunflower seed futures

December 19, 2016 BY Valentina Kirilova

ICBC Standard Bank joins Moscow Exchange as an International Clearing Member

On 20 December 2016, London-headquartered ICBC Standard Bank Plc will become the first UK bank to obtain clearing membership on Moscow Exchange's FX Market. The membership allows ICBC Standard to trade using Sponsored Market Access (SMA) provided by Moscow-based trading member ICBC Bank, and clear and settle trades itself. Igor Marich, Moscow Exchange's Managing Director…