ASIC has commenced civil penalty proceedings against State One Stockbroking Ltd in the Federal Court of Australia in Perth for failing to comply with two ASIC Market Integrity Rules (ASX Market) 2010 (MIRs), following State One's failure to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). ASIC alleges that…
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It was quite a week of Forex Industry News at LeapRate, with a mixed bag of nearly everything - M&A, financing, regulator moves, sports sponsorships, new product launches... And as usual, you read about much of it exclusively or first at LeapRate. Our most popular guest post, and one of our more talked-about guest posts…
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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 The Loan Lenders. The Loan Lenders is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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NFA announced today that its Board of Directors appointed Thomas Sexton, to serve as NFA's President and CEO, effective March 1, 2017. Daniel Roth, NFA's President and CEO, who announced his retirement in May 2016, will work closely with NFA's Board and Mr. Sexton during this important transition. This appointment is the culmination of an…
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Bats Global Markets, Inc. (Bats: BATS) has reported October data and highlights, including a new record month for U.S. options trading at 11.8% and strong single-leg equity options market share at 18.2%. During the month, Bats has also announced the successful migration of BZX Options to Bats’ next generation matching engine. Both Bats’ options markets…
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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 Search Loans Ltd. Search Loans Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Bats Global Markets, Inc. (Bats: BATS) has welcomed a new fund from Legg Mason to the Bats ETF Marketplace. It is the 110th fund to be listed on Bats. The Legg Mason Emerging Markets Low Volatility High Dividend ETF (Bats: LVHE) seeks to track the investment results of the QS Emerging Markets Low Volatility High Dividend…
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ASIC has announced that Mr Shane Douglas Heal, of Kangaroo Point, New South Wales today appeared in the Brisbane Magistrates Court charged with three counts of fraud under the Criminal Code (Queensland). ASIC alleges Mr Heal, in: 2008, dishonestly gained a benefit of $250,000 from an investor for Shyfox Pty Ltd (Shyfox), and 2009, dishonestly…
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The Canadian Securities Administrators (CSA) has published CSA Staff Notice 31-347 Guidance for Portfolio Managers for Service Arrangements with IIROC Dealer Members. The notice provides information and guidance for CSA-regulated portfolio managers who enter into custody and trading arrangements with dealer members of the Investment Industry Regulatory Organization of Canada (IIROC). In recent years, Portfolio…
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LeapRate Exclusive... LeapRate has learned that UK online trading firm London Capital Group Holdings plc (LON:LCG) has made a regulatory filing indicating that ATP World Tennis #3 player and reigning US Open champion Stan Wawrinka has been issued 5 million LCG shares as part of his association with the company. We reported earlier this week that LCG…
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