Following an investigation which commenced in January 2016, ASIC has accepted an enforceable undertaking (EU) offered by My Adviser Pty Ltd. The ASIC investigation looked at the conduct of My Adviser Pty Ltd, the holder of an Australian financial services licence, in relation to the supervision and monitoring of its representatives, in particular Arion Financial…
Read moreHong 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…
Read moreSTOXX Ltd., the operator of Deutsche Boerse Group’s index business and integrated index provider, has announced the new composition of STOXX Benchmarks and their sub and sector indices, among them the STOXX Europe 600 Index, STOXX North America 600 Index and STOXX Asia/Pacific 600 Index. The changes resulting from the annual Emerging and Developing Markets Country…
Read moreThe Supreme Court of New South Wales has found that Macquarie Investment Management Ltd (MIML) contravened the Corporations Act by failing to comply with its duties as a responsible entity of the van Eyk Blueprint International Shares Fund (VBI Fund). The Court made declarations of contravention and ordered that MIML pay a civil pecuniary penalty…
Read moreThe Securities and Exchange Commission (SEC) has announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to supervise a senior partner who charged personal expenses to the funds. An SEC investigation found that the Apollo…
Read moreASIC has banned Mr Anthony John Downey, of Brighton, Victoria, from providing financial services for a period of six years following an investigation. Mr Downey was, until 3 June 2015, a director of Platinum Mortgage Securities Limited. ASIC has found that Mr Downey engaged in misleading conduct by providing false documents to support an application…
Read moreThe payments and fintech company FSS has launched FSS Access Control Server, a secure authentication platform that supports 3-D Secure Protocol and enables Card Issuers and Acquiring Banks to offer robust security to their customers during online transactions. FSS Access Control Server is a VISA and MasterCard certified authentication platform, which provides a strong two-factor…
Read moreThe Stock Exchange of Thailand (SET), together with Phatra Securities pcl and Bank of America Merrill Lynch, will hold Thailand Focus 2016 during August 31- September 2, 2016 at the Grand Hyatt Erawan Hotel, Bangkok, under the theme "A New Growth Strategy," enabling foreign funds to meet directly with almost 140 listed firms, aiming to attract…
Read moreNew York based Trigger Finance, a company formed in 2015 with a unique offering to "inspire all investors to invest rationally through a simple rules-driven approach" provided a list of updates today which includes FX being made available. Trigger allows you to trigger trades based on events from Real-Time data through the most reputable sources. Officially launching just over a month…
Read moreThomson Reuters has launched its first two Asia apps on Eikon via App Studio in partnership with FinTech startups Amareos and Oddup. This marks the first time that any Asia-based third-party developer has created an app within Eikon and distributed it directly to Eikon users globally. Based in Hong Kong, Amareos builds tools to analyse…
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