August 11, 2016 BY Valentina Kirilova

ASIC disqualifies company director from managing corporations

ASIC has disqualified Mr Christopher Moylan, of New Lambton, New South Wales, from managing corporations for four years. The disqualification follows ASIC's investigation into Mr Moylan's roles in Moylan Business Solutions Pty Ltd (MBS), MCD Holdings Pty Ltd (MCD), Moylan Investment Group Pty Ltd (MIG), Wallalong Investments Pty Ltd, Decrawood Pty Ltd and Moylan Business…

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August 11, 2016 BY Valentina Kirilova

AAT affirms permanent banning of financial adviser by ASIC

The Administrative Appeals Tribunal (AAT) has upheld ASIC's decision to permanently ban former credit representative, Shiv Sahay from providing financial services and engaging in credit activity. On October 22, 2015, Mr Sahay applied to the AAT for a review of ASIC’s decision. On August 9, 2016, the AAT decided the permanent bans imposed by ASIC…

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August 11, 2016 BY LeapRate Staff

SEC protecting whistleblowers by issuing $265,000 fine to company pressuring employees

The U.S. Securities and Exchange Commission today announced that an Atlanta-based building products distributor is settling charges that it violated securities laws by using severance agreements that required outgoing employees to waive their rights to monetary recovery should they file a charge or complaint with the SEC or other federal agencies. BlueLinx Holdings Inc. has…

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August 11, 2016 BY Mike Fox

US Retail Forex assets drop 2% in June as industry consolidates

CFTC data from US retail forex brokers is out for June, showing a drop across-the-board besides a slight tick up from TD Ameritrade. Moreover, this report completes the removal of Phillips Capital from the USA FCM list, as their NFA/CFTC Retail FX license became null after a ruling stating companies holding dual licenses as Broker-dealers and FCMs cannot…

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August 10, 2016 BY Valentina Kirilova

LSE's Elite Connect to partner with OpenExchange

London Stock Exchange Group (LSEG) has announced that ELITE Connect, its online connection platform for a wide range of market participants including public companies, investor relations professionals, institutional investors and brokers, is partnering with OpenExchange, the US based secure video service for corporate executives, investor relations officers, analysts and portfolio managers. The agreement will allow ELITE…

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August 10, 2016 BY Valentina Kirilova

CySEC fines CIF M&L Invest Union Markets Ltd €2.000

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that, at the meeting held on July 25, 2016, it decided to impose a total administrative fine of €2.000 to CIF M&L Invest Union Markets Ltd for non-compliance with the following: article 3 of Implementing Regulation (EU) No 680/2014 of the European Commission, and…

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