October 19, 2016 BY Valentina Kirilova

Former Equititrust CEO remains permanently banned from providing financial services

Mr Mark McIvor, former chief executive officer and founding director of Equititrust Limited (in liquidation) remains permanently banned from providing financial services after withdrawing an application to the Administrative Appeals Tribunal (AAT) to appeal against ASIC's original banning decision. Mr McIvor has been permanently banned from providing financial services on 2 September 2015 following an earlier…

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October 18, 2016 BY Mike Fox

Barchart names Keith Petersen as Head of Strategy and Corporate Development

Today, Barchart, the Chicago based leading provider of financial market data and technology, announced that Keith Petersen has been named Head of Strategy and Corporate Development. Petersen holds a Master of Business Administration from The University of Chicago Booth School of Business and a Bachelor of Science in Finance from Northern Illinois University. Petersen will be responsible…

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October 18, 2016 BY LeapRate Staff

Merrill Lynch fined $2.8 million by FINRA for trade reporting violations

U.S. securities regulator FINRA (Financial Industry Regulatory Authority) has announced that it has fined the Merrill Lynch, Pierce, Fenner and Smith Inc. unit of Bank of America Corp (NYSE:BAC) $2.8 million for systemic trade reporting, Order Audit Trail System (OATS) reporting, books and records, and related supervisory violations that occurred over a period of several years.…

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October 18, 2016 BY Valentina Kirilova

CBOE Vest launches CBOE Vest Defined Distribution Strategy Fund (VDDIX)

CBOE Vest, an investment manager focused on Target Outcome Investment strategies, has announced it has launched the CBOE Vest Defined Distribution Strategy Fund (VDDIX). VDDIX seeks to generate consistent monthly distributions, non-correlated to equity or bond markets, of 5.25% annualized over the one-month Treasury yield, before fees and expenses, while preserving capital over the long term.…

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October 18, 2016 BY Valentina Kirilova

Netflix stock jumps over 20% on big earnings beat

Netflix's (NASDAQ: NFLX) stock surged 20% after hours on Monday as original hit shows like Stranger Things and Narcos helped the streaming video company crush Wall Street expectations. Netflix beat on both international and domestic subscriber additions by a hefty margin, as well as on EPS. Netflix's revenue was roughly in line with Wall Street…

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October 18, 2016 BY Valentina Kirilova

IbanFirst raises €10M to become the new online financial service platform for SMEs

Fintech company IbanFirst, specialized in international payments with real-time exchange rate access, raises €10 Million announcing their next growth phase as well as new innovative online financial services for SMEs, available in Banking-as-a-Service (BaaS) mode. With BaaS, IbanFirst can bring together all Fintech companies under one single web platform to provide the day to day financial…

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October 18, 2016 BY LeapRate Staff

Hirose UK doubles Revenues in fiscal 2016

LeapRate has learned via filings made with UK regulatory authorities that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw a doubling of its revenues in fiscal 2016. For the year ended March 31, 2016, Revenues at Hirose UK came in at £928,000, up 126% from…

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October 18, 2016 BY Valentina Kirilova

LMAX plans move to Ireland if UK MiFID financial passorting removed in Brexit

LMAX Exchange, UK technology firm and an FCA regulated multilateral trading facility (MTF) for FX trading, plans to be regulated in Ireland unless the British government preserves the EU single market passporting rights for the financial services industry. LeapRate recently shared an article, indicating that the EU powers are going to take a hard stance on enacting a Hard Brexit, including…

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