Can you be too close to your clients? Apparently so. Especially if you are an auditor. The U.S. Securities and Exchange Commission (SEC) today announced that public accounting firm Ernst & Young has agreed to pay $9.3 million to settle charges that two of the firm’s audit partners got too close to their clients on…
Read moreAs pressure mounts on unregulated and improperly regulated binary options firms from well documented public outcry, we learned over the weekend that Premier League squad Southampton FC has backed out of a recently signed marketing deal with binary broker Banc de Binary. Banc de Binary in the past has been fined upwards of $11m from…
Read moreFCA regulated Capital Index is pleased to announce the launch of its dedicated Capital Index China website as the next step in its planned international expansion as business growth continues. On the launch of Capital Index China, Robert Woolfe, Chief Executive of Capital Index commented: “China has long been a market that we identified as…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated stock broking house Templeton Securities has changed the name of its Retail Forex arm from TempletonFX to simply TempleFX. We had reported exclusively back in early July about Templeton's plans to launch a retail forex arm. TempleFX is operating as an Introducing Broker to Alpha Capital Markets…
Read moreBack in the day, short selling was mostly at financial institutions and hedge funds. Not any more.
Read moreContinuing its string of warnings against forex and binary options brokers targeting traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has issued a warning to investors regarding Edgedale Finance. Edgedale Finance is a relatively new Binary Options broker. According to ICAAN data, its website edgewarefinance.com was just first registered in January 2016.…
Read moreMarkets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has transferred a total of 22,246 shares as follows: · 21,170 ordinary shares at £2.72 per share to participants in its 2013 Sharesave Scheme; and · 1,076 ordinary shares at £3.02 per share to a participant in its 2014 Sharesave Scheme. These…
Read morePayday loan firm CFO Lending has entered into an agreement with UK financial regulator the Financial Conduct Authority (FCA) to provide over £34 million of redress to more than 97,000 customers for unfair practices. The redress consists of £31.9 million written-off customers’ outstanding balances and £2.9 million in cash payments to customers. LeapRate readers will recall…
Read moreThe UK arm of Australia-based retail forex broker ThinkMarkets has reported its financial results for 2015, showing a nice rise in Revenues in 2015 - the company's first full year of operations in the UK - as well as a net profit for the year. Revenues at TF Global Markets (UK) Limited, the FCA-regulated subsidiary of ThinkMarkets,…
Read moreUK 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 Global Escrow Exchange. The company is not authorised by the FCA but has been targeting people in the UK. To see the official FCA warning,…
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