October 07, 2016 BY Valentina Kirilova

China-domiciled funds now eligible in Clearstream’s Vestima

International investors based in Hong Kong can now use their existing setup with banking company Clearstream’s global Vestima fund processing platform to directly invest in MRF-eligible, China-domiciled funds. The Mainland China - Hong Kong Mutual Recognition of Funds (MRF) programme allows Hong Kong and Chinese asset managers to distribute recognised funds in both jurisdictions. Vestima…

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October 07, 2016 BY LeapRate Staff

EZTrader.com parent company EZTD switches auditors to Deloitte Israeli affiliate

Binary Options brokerage operator EZTD Inc (OTCMKTS:EZTD), which operates the EZTrader (eztrader.com), Global Option (globaloption.com) and EZinvest (ezinvest.com) binary options brands, has made filings with the SEC indicating that it is switching auditors. Out is  Ziv Haft, Certified Public Accountants (Isr.), a BDO Member Firm. Replacing Ziv Haft as the company's auditor is Brightman Almagor Zohar…

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October 07, 2016 BY Valentina Kirilova

FCA warns on clone firm of Knight Cover

Today the UK Financial Conduct Authority put out details of the cloned firm Knight Cover. 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 their tactics to scam…

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October 07, 2016 BY Valentina Kirilova

SEC names David Saltiel Head Office of Analytics and Research

The Securities and Exchange Commission (SEC) has announced that it has named David H. Saltiel to head the Office of Analytics and Research in the Division of Trading and Markets. He joined the SEC in September. Stephen Luparello, Director of the Division of Trading and Markets, said: We are very fortunate to have David’s expertise at…

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October 07, 2016 BY LeapRate Staff

CFTC and FCA sign agreement to enhance supervision of cross-border regulated firms

The U.S. Commodity Futures Trading Commission (CFTC) has announced that CFTC Chairman Timothy Massad and Andrew Bailey, Chief Executive of the UK's Financial Conduct Authority (FCA), have signed a Memorandum of Understanding regarding cooperation and the exchange of information in the supervision and oversight of certain regulated firms that operate on a cross-border basis in…

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