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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August 10, 2016 BY Valentina Kirilova

Navicorp Trust (Cyprus) Limited remains under the supervision of CySEC

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on March 15, 2016, the company providing administrative services Navicorp Trust (Cyprus) Limited, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012. Therefore, the authorization with Νumber 28/196 lapsed as from the aforementioned date and…

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August 10, 2016 BY Valentina Kirilova

Hong Kong SFC adds HK Equity Fund Limited to its alert list

Hong 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…

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August 10, 2016 BY Valentina Kirilova

SGX welcomes ZICO Capital as an accredited Issue Manager and a full sponsor on Catalist

Singapore Exchange (SGX) has added ZICO Capital as an accredited Issue Manager for Mainboard listings and a Full Sponsor on Catalist, SGX’s sponsor-supervised board. ZICO Capital is a subsidiary of Catalist-listed ZICO Holdings, an integrated network of professional services firms focused on the ASEAN region, providing advisory and transactional, as well as management, support and licensing…

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