November 30, 2016 BY Valentina Kirilova

ASIC permanently bans former director of Chris Griggs Insurance Offices from providing financial services

ASIC has permanently banned Christopher John Griggs from providing financial services. Mr Griggs was the sole director of Chris Griggs Insurance Offices Pty Ltd, an insurance broker based in Mount Pleasant, South Australia. ASIC found that Mr Griggs prepared and submitted applications for insurance premium loan funding to Elantis Premium Funding Limited without the authority…

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IG Group office
November 30, 2016 BY LeapRate Staff

IG Group reports strong second quarter for Fiscal 2017

UK online trading giant IG Group Holdings plc (LON:IGG) has issued a Trading Update covering its performance over the first six months of Fiscal 2017. IG has a May 31 year end, so the period covered is from June-November 2016. IG indicated that it continues to perform in line with expectations, after a strong second quarter.…

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November 30, 2016 BY admin

Québec financial regulator adds 12 binary options websites to warning list

Once again, the Autorité des marchés financiers (the AMF) the organization responsible for financial regulation in the Canadian province of Québec is sounding the alarm and alerting Québec consumers to the dangers of unauthorized binary options websites. The AMF wishes to stress that no business is currently authorized to market or offer binary options in…

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November 29, 2016 BY Valentina Kirilova

OSC announces two new Commissioner appointments

Ontario Securities Commission (OSC) Chair and CEO Maureen Jensen has announced today the following appointments to the OSC. The Commissioners will each serve a two-year term effective November 16, 2016. Philip Anisman, BA, LLB, LLM, JSD has almost 50 years of experience teaching and practising securities and corporate law. A former professor of law and…

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sec building
November 29, 2016 BY Valentina Kirilova

SEC votes to renew Equity Market Structure Advisory Committee

The Securities and Exchange Commission (SEC) has announced that the Commission voted to renew the Equity Market Structure Advisory Committee’s charter until August 2017 with the current membership. The committee’s charter was originally scheduled to expire in February 2017. The committee provides a formal mechanism through which the Commission can receive advice and recommendations specifically…

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November 29, 2016 BY Valentina Kirilova

FCA warns on clone firm of Zimmermann Global

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Zimmermann Global. 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…

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November 29, 2016 BY Valentina Kirilova

Bursa Malaysia Securities reprimands SKP resources Berhad and fines 3 Executive Directors a total of RM200,000

Bursa Malaysia Securities Berhad has publicly reprimanded SKP Resources Berhad and 3 executive directors, for breaches of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Main LR). In addition, the 3 executive directors of SKP were fined a total of RM200,000. SKP had verbally disclosed the Contract including the contract value to 2…

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November 29, 2016 BY Valentina Kirilova

SFC announces mandatory online submission of individual licensing applications

The Securities and Futures Commission (SFC) has just announced that with effect from 1 February 2017, all individual applicants and licensees will be required to submit their licensing applications, notifications and annual returns via the SFC Online Portal, with the view of improving the efficiency of processing licensing-related matters. This will not apply to corporate…

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