November 22, 2016 BY Valentina Kirilova

TMX Group statement on Competition Bureau announcement

TMX Group (TSX: X) has welcomed yesterday's announcement that the Commissioner of Competition has discontinued his investigation into allegations that TMX Group engaged in conduct contrary to the provisions of the Competition Act. TMX Group has cooperated fully during the investigation and remains firmly committed to conducting business with integrity in full compliance with the Competition…

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November 22, 2016 BY Valentina Kirilova

SFC has publicly censured former executive of Changgang Dunxin Enterprise

The Securities and Futures Commission (SFC) has publicly censured and imposed a 24-month cold-shoulder order against Zheng Dunmu for breaching the mandatory general offer obligation of the Takeovers Code. At the relevant time, Zheng was chairman, executive director and a controlling shareholder of Changgang Dunxin Enterprise Company Limited and held a 56.25% interest in Changgang…

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November 22, 2016 BY Valentina Kirilova

Gold-i launches MT5 Gateway as it migrates products from MT4 to MT5

MetaTrader technologies provider Gold-i has just announced that the Gold-i MT5 Gateway launches at the end of this month. The ultra-low latency Gold-i MT5 Gateway launches with access to over 70 Liquidity Providers. Gold-i’s MT5 Gateway has been designed to work with Matrix – Gold-i’s sophisticated, modular multi-asset Liquidity Management Platform. This means that brokers…

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November 22, 2016 BY Valentina Kirilova

ASIC extends relief for foreign financial service providers from Luxembourg

ASIC has extended its relief for foreign financial service providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing financial services to Australian wholesale clients by Luxembourg fund managers. The relief in ASIC Corporations (CSSF-Regulated Financial Services Providers) Instrument 2016/1109 applies to Luxembourg fund managers who are either: management companies,…

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November 22, 2016 BY Valentina Kirilova

FCA warns on Pearson Global Markets / Pearson Private Clients firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Pearson Global Markets / Pearson Private Clients. Pearson Global Markets / Pearson Private Clients is not authorised by the FCA but has been targeting people in…

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sec building
November 22, 2016 BY Valentina Kirilova

Chief Litigation Counsel Matthew C. Solomon to leave SEC

The Securities and Exchange Commission (SEC) has announced that Matthew C. Solomon, the Chief Litigation Counsel for the SEC’s Enforcement Division, will leave the agency early next month. Mr. Solomon has led the Enforcement Division’s litigation program since September 2013, managing cases pending both in federal courts and administrative proceedings at the Commission. The trial…

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November 22, 2016 BY LeapRate Staff

Bitcoin and Forex investment firm Xmaxbit showing forged corporate documents: IFSC

Belize financial regulator International Financial Services Commission (IFSC) has issued a warning against Forex and Bitcoin investment company Xmaxbit, operating from website xmaxbit.com. It has come to the notice of the IFSC that Xmaxbit is falsely and fraudulently claiming to be an International Business Company registered in Belize. The IFSC warns that the Certificate of…

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