GMO Click Holdings Inc (TYO:7177) has just published its monthly preliminary report of consolidated operating revenue for July 2016. The operating revenue was ¥1,751 million in July, which means almost half way lower than June's ¥3,020 million: July 2016's operating revenue was also way lower compared to last year's ¥2,379 million for the same period:…
Read moreThe Federal Court of Australia has made declarations that Sino Australia Oil and Gas Limited and its former chairman, Mr Tianpeng Shao, contravened the Corporations Act. As part of its case, ASIC alleged that Sino breached its continuous disclosure obligations and made misleading and deceptive statements in its prospectus documentation during 2013. ASIC also alleged that…
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 Unsecured Loan For UK firm. The company is not authorised by the FCA but has been targeting people in the UK: Unsecured Loan For UK Address: 48 Warwick Street,…
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 moreRetail Forex broker FXTM (ForexTime) has announced an extensive series of educational and networking events for Nigerian traders. The educational events will be led by one of the world’s most highly respected FX experts, Professor Andreas Thalassinos, with the program tailored specifically to the needs of Nigerian traders. Taking place in Abuja and Lagos from August to October,…
Read moreFinancial exchanges operator Bats Global Markets Inc (BATS:BATS) has announced plans to acquire Javelin SEF, LLC (Javelin), a Swap Execution Facility (SEF). The deal is intended to accelerate Bats’ plans to offer trading of non-deliverable forwards (NDFs) for the foreign exchange market. Javelin currently offers trade execution for swaps through a combination of an anonymous…
Read moreASIC has permanently banned the former director of an insurance broking company, Timothy Charles Pratten of New South Wales, from providing financial services and from engaging in credit activities. Mr Pratten was banned after being convicted on seven counts of dishonestly obtaining a financial advantage from the Commonwealth by deception. This conviction followed an investigation…
Read moreThe U.S. Securities and Exchange Commission today announced fraud charges against a San Francisco man and his investment advisory firm accused of pretending to manage millions of dollars in assets, and then stealing money from the first client who invested with them based on their misrepresentations. The SEC alleges that Nicholas M. ('Nick') Mitsakos and…
Read moreThe Wall Street Journal is reporting that the SEC's fine $382 million to State Street Corp (NYSE:STT) for applying hidden markups to FX trades in mutual funds, and overcharging other clients in FX trades, will result in record Whitleblower rewards being paid out. And one of the recipients of the largest-ever whistleblower award is a face…
Read moreIn recognition of the increasing investor demand for access to Initial Public Offerings (IPOs), CMC Markets Plc (LON: CMCX) and OnMarkets BookBuilds (OMB) have entered into a deal which allows CMC Markets’ clients to bid for IPOs through their broking account using OnMarket’s platform. IPOs are delivering stellar returns to investors, with the average gain on…
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