December 07, 2016 BY Valentina Kirilova

ASIC releases its fourth licensing activity report

ASIC today published its fourth report on its approach to and assessment of licence applications. Report 503 Overview of licensing and professional registration applications: Jan to Jun 2016 (REP 503) sets out recent regulatory outcomes achieved by ASIC in relation to Australian financial services (AFS) applications, Australian credit licence applications, liquidator registration applications, company auditor…

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December 07, 2016 BY Valentina Kirilova

Hong Kong SFC adds HC Capital Asia to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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sec building
December 07, 2016 BY Valentina Kirilova

Division of Corporation Finance Director Keith Higgins to leave SEC

The Securities and Exchange Commission (SEC) announced that Keith F. Higgins, Director of the SEC’s Division of Corporation Finance, plans to leave the SEC in early January. Since joining the SEC in June 2013, Mr. Higgins led the Division’s implementation of significant rulemaking and other responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection…

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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…

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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…

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fma warns against unregulated company
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…

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