October 28, 2016 BY Valentina Kirilova

Equities First Holdings returns shares of ANGLE plc and concludes transaction in the UK

The alternative shareholder financing solutions company Equities First Holdings, LLC (EFH) has announced that has fully concluded a transaction with Andrew Newland, CEO of ANGLE plc, by returning 1.35 million shares of ANGLE plc (AIM: AGL.LN) (OTCQX: ANPCY) stock to him, which was used as collateral in a financial transaction. This two-year financing facility, originated…

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October 28, 2016 BY Valentina Kirilova

Hong Kong SFC adds Cressida Limited 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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October 28, 2016 BY Valentina Kirilova

ASIC bans former Gladstone financial advisor

ASIC has permanently banned Ms Linda Rae Whelan from providing financial services or engaging in credit activity after she was sentenced to imprisonment for fraud and stealing charges brought by the Queensland Director of Public Prosecutions. The charges stemmed from conduct that occurred between 31 October 2013 and 20 June 2014. During this period, Ms…

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Deutsche Börse
October 28, 2016 BY Valentina Kirilova

Deutsche Börse AG posts continued profit growth in Q3/2016, adjusted consolidated net profit is up with 6%

Deutsche Börse AG has published its results for the third quarter of 2016 on Thursday. Consolidated net revenue rose by 1%, to €558.5 million (Q3/2015: €555.0 million), despite the weaker market environment. Thanks to structural efficiency measures, adjusted operating costs declined by 5% in the period under review, to €275.7 million (Q3/2015: €290.6 million). Adjusted…

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October 27, 2016 BY Valentina Kirilova

ASIC releases report on the charging of advice fees without providing advice by major financial institutions

The Australian Securities and Investments Commission (ASIC) has released Report 499 Financial advice: Fees for no service. The report provides an update on ASIC's work to address financial institutions' and advisers' systemic failures, over a number of years, to provide ongoing advice services to customers who paid fees to receive those services. The report summarises ASIC's…

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ESMA bond liquidity data
October 27, 2016 BY Valentina Kirilova

ESMA issues Q&As on the implementation of MAR

The European Securities and Markets Authority (ESMA) has issued a set of Questions and Answers (Q&As) regarding the implementation of the Market Abuse Regulation (MAR). ESMA is required to play an active role in building a common supervisory culture by promoting common supervisory approaches and practices. In this regard, the Authority develops Q&As as and…

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October 27, 2016 BY LeapRate Staff

CySEC proposes enhancement to client money handling including quarterly reports, semiannual audits

Cyprus financial regulator CySEC has issued a Consultation Paper regarding a proposed circular on the requirements for the safeguarding of client funds at regulated CIF entities. CySEC already requires regulated brokers to fully segregate client funds - one of the facets which saved Cyprus brokers and their clients from the 'haircut' given to all bank…

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