AMF issues a public warning against the activities of unauthorised websites offering binary options trading LeapRate

September 14, 2016 BY Valentina Kirilova

AMF issues a public warning against the activities of unauthorised websites offering binary options trading

The Autorité des Marchés Financiers (AMF) has published a list of new websites offering binary options trading, for which no authorised investment services provider could be clearly identified. Here is the list of new websites recently identified: www.b4trade.com www.bosscapital.com www.brevan-invest.com www.limited-binary.com www.loyalbinary.com www.sc-options.com www.swiss-capitalinvest.com A list of all unauthorized sites to offer trading of binary options is…

September 14, 2016 BY Valentina Kirilova

SEC fines Portuguese company for failing to disclose credit risk in investments

The Securities and Exchange Commission (SEC) has announced that a Portuguese-based telecommunications company has agreed to pay a $1.25 million penalty for its failure to properly disclose the nature and extent of credit risk involved in its investments in debt instruments issued by companies of Portuguese conglomerate Grupo Espirito Santo. An SEC investigation found that Portugal Telecom…

September 14, 2016 BY Valentina Kirilova

SimCorp to provide users with full foreign exchange netting capabilities via FX Connect

SimCorp, a provider of investment management solutions and services for the global financial services industry, has announced that it has enhanced its partnership with FX Connect to provide SimCorp Dimension users with full foreign exchange netting capabilities. SimCorp leverages FX Connect's cross-currency netting capabilities to enable its clients to seamlessly block, net and subsequently compress large,…

September 14, 2016 BY LeapRate Staff

Optimove nabs $20 million VC fundraising round, adds SimilarWeb director Moshe Lichtman to its BoD

Customer marketing and retention specialist Optimove has announced that it has raised $20 million from Israel Growth Partners, a Tel-Aviv based private equity investment firm that focuses on later stage investments. The growth-financing round marks the first outside funding for the nearly eight-year-old Optimove, and it follows three straight years of 100% year-over-year growth for the…

September 14, 2016 BY Valentina Kirilova

Tramonex selects Saxo Payments for cross border transfers

The international financial services provider Tramonex has partnered with global transactions services provider, Saxo Payments, for segregated client accounts in 25 currencies, and FX liquidity. As part of Tramonex’s vision to shift away from classical banking and offer a new way of managing international cash flows, the company has joined the Saxo Payments Banking Circle,…

September 14, 2016 BY Valentina Kirilova

GMO Click announces rise in August operating revenue

GMO Click Holdings Inc (TYO:7177) has released the following monthly preliminary report of consolidated operating revenue for August 2016. Preliminary figures described below are subject to change. Operating revenue was a bit higher than in July with the exact number of ¥1,809 million. Still, much lower than the ¥2,549 million YoY. See details in the tables below:

September 14, 2016 BY Valentina Kirilova

FCA to ban former Barclays Wealth senior director

The Financial Conduct Authority (FCA) has published a Decision Notice in respect of Mr Andrew Tinney, formerly Chief Operating Officer of Barclays Wealth and Investment Management (BWA). This sets out the FCA’s finding that Mr Tinney should be publicly censured and banned from carrying out any senior management or Significant Influence Functions in any regulated…

September 14, 2016 BY Valentina Kirilova

ASIC permanently bans Victorian woman from providing financial services

ASIC has permanently banned former Allianz financial adviser Kerrie Marie King from providing any financial services and engaging in any credit activities. In April 2016, Ms King was convicted in the County Court of Victoria on five counts of obtaining property by deception, two counts of obtaining financial advantage by deception, and other unrelated charges.…

September 14, 2016 BY Valentina Kirilova

SFC reprimands and fines HSBC $2.5 million for regulatory breaches

The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.5 million for regulatory breaches and internal control failings related to position limit failures. The disciplinary action follows an SFC investigation into the holding by HSBC of open positions in Hang Seng China Enterprises Index futures and…

September 14, 2016 BY Valentina Kirilova

“Stock Trading Whiz Kid” to pay $1.5 million to settle stock newsletter fraud charges

The Securities and Exchange Commission (SEC) has announced that a self-proclaimed “stock trading whiz kid” and his stock newsletter company in Los Angeles have agreed to pay nearly $1.5 million to settle charges that they defrauded subscribers through false statements and misrepresentations. According to the SEC’s complaint, Manuel E. Jesus and his newsletter company Wealthpire Inc.…