October 31, 2016 BY Valentina Kirilova

SFC revokes licences of Richmond Asset Management Limited and its responsible officer Graham Frank Bibby and bans him for 10 years

The Securities and Futures Commission (SFC) has revoked the licences of Richmond Asset Management Limited and its responsible officer and sole owner, Mr Graham Frank Bibby, and banned him from re-entering the industry for a period of 10 years effective from 31 October 2016 to 30 October 2026. The disciplinary actions follow a review of…

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October 31, 2016 BY Valentina Kirilova

Monarch FX victims hit language barrier

Victims of signals and managed account firm Monarch FX, which was run by Quinten Hunter until he was hit with a four-year ban from the financial services industry in December 2014, have been told by the Financial Ombudsman Service (FOS) to contact a man called Ronnge Sa to arrange payment. Mr Sa is a director…

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October 31, 2016 BY LeapRate Staff

Canadian regulator BCSC warns against Binary Options auto trading software provider Millionaires Blueprint

Continuing its string of warnings against unregulated brokers and other scams targeting retail  traders targeting people in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List an entity called Millionaires Blueprint, operating from website millionaires-blueprint.co. Millionaires Blueprint claims to be a fully automated trading software for online binary options…

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October 31, 2016 BY Valentina Kirilova

OSC approves no-contest settlement agreement with CIBC World Markets Inc., CIBC Investor Services Inc. and CIBC Securities Inc.

The Ontario Securities Commission (OSC) has approved a no-contest settlement agreement with CIBC World Markets Inc., CIBC Investor Services Inc. and CIBC Securities Inc. (the CIBC Dealers) in relation to a matter that the CIBC Dealers discovered and self-reported to the OSC, and that resulted in certain clients paying excess fees. This settlement follows allegations…

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October 31, 2016 BY Valentina Kirilova

MFSA warns on Tradingbanks false regulation claim

The Malta Financial Services Authority (MFSA) has become aware of the website https://www.tradingbanks.com/ which is falsely stating that tradingbanks is licensed by the MFSA. The MFSA alerts the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity. Many other regulators have already warned on tradingbanks, including South Africa’s…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
October 31, 2016 BY Valentina Kirilova

IOSCO reports on implementation of G20/FSB recommendations to strengthen securities markets

The Board of the International Organization of Securities Commissions (IOSCO) has published a report on the implementation of the G20/FSB post crisis recommendations aimed at strengthening securities markets. The Implementation Report: G20/FSB Recommendations related to Securities Markets has been prepared by IOSCO’s Assessment Committee, as part of its G20 Markets Reform Review Project. This effort involved…

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October 28, 2016 BY Valentina Kirilova

West Australian property developer and Macro Realty Group of companies consent to extend interim orders obtained by ASIC

West Australian-based property developer, Ms Desiree Veronica Macpherson, and various companies associated with the Macro Realty Group, of which Ms Macpherson is a director and direct/indirect shareholder, (the Macro Companies) have consented to ASIC continuing various interim orders obtained in the Perth Federal Court earlier this year. ASIC had previously obtained a range of interim…

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October 28, 2016 BY admin

Dukascopy announces reduction of leverage on US Election Day

It was just announced that Swiss based FINMA regulated FX broker Dukascopy due to the risks of high volatility, low liquidity and significant price gaps on the presidential election day in the USA, will be taking the following measures: On Sunday 6 November, 22:00 GMT before the market opening, the leverage on USD/MXN will be lowered…

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