The European Securities and Markets Authority (ESMA) has prolonged the application deadline by four weeks for its call for candidates for its Group of Economic Advisors (GEA), an expert stakeholder group which assists ESMA's Committee for Economic and Markets Analysis (CEMA). ESMA is inviting candidatures for the GEA's next term for the period of October…
Read moreOn May 11, 2016, the Companies Auditors and Liquidators Disciplinary Board (CALDB) delivered its decision to cancel the registration of Sydney liquidator, Mr Randall Clinton Joubert. ASIC successfully contended before CALDB that, while conducting five liquidations, four of which had been referred to him by the same accountant, Mr Joubert failed to adequately and properly…
Read moreA new active ETF issued by Commerz Funds Solutions S.A., a Commerzbank Group management company, has been tradable on Xetra and Börse Frankfurt since Friday. ETF name: ComStage Alpha Dividende Plus UCITS ETF Asset class: equity index ETF ISIN: DE000ETF7508 Total expense ratio: 0.68% Distribution policy: distributing The ComStage Alpha Dividende Plus UCITS ETF gives…
Read moreFollowing previous announcement, the Cyprus Securities and Exchange Commission has announces that the authorisation of the Cyprus Investment Firm AirFinance Pro Ltd (operating a number of binary options brokerage brands including BuzzTrade, CFD Royal, Uptrade7 and Investing Area), with number 206/13, will continue as suspended until September 16, 2016, pursuant to section 26(3) of the Investment…
Read moreThe Financial Services and Markets Authority (FSMA) of Belgium has updated its list of unauthorized investment businesses by issuing 10 more warnings to the public against the activities of various “boiler rooms” and "recovery rooms". Although the boiler rooms often claim to be an authorized service provider with a professional website and forms to fill out,…
Read moreThe Australian Securities Exchange (ASX) and Trading Technologies International, Inc. (TT), today announced that TT has launched its new high-performance, next generation trading platform in the Australian Liquidity Centre (ALC), Australia’s only data centre dedicated to the financial markets community. The availability of the TT platform in the ALC demonstrates the commitment of ASX and…
Read moreThe Malta Financial Services Authority (MFSA) has warned the general public, in particular retail investors regarding the sale of contracts for differences (CFDs), binary options and other speculative products and the various risks associated with such products. ESMA has noted that these type of products give rise to investor protection concerns mainly due to the marketing strategies…
Read moreLeapRate Exclusive... LeapRate has learned that a police sting in Cyprus has led to the arrest of an employee of one of the Limassol-based retail FX brokers. The employee - a 36-year old woman - was caught by police in Cyprus after a brief police 'sting' operation. Cyprus police were contacted by a senior manager…
Read moreASIC has permanently banned Ms Emma Feduniw, also known as Emma Khalil, of Brisbane QLD, from the credit and financial services industries. The bans follow an ASIC investigation which led to Ms Feduniw, a former mortgage broker with AHL Investments Pty Ltd (trading as Aussie), being convicted on 3 June 2016 in Beenleigh Magistrate's Court…
Read moreTelecommunications company Colt Group S.A. (LSE: COLT) and the financial IT provider in Korea founded by Korea’s Ministry of Finance and the Korea Stock Exchange, Koscom, have announced a joint agreement to form a global securities network partnership that will provide ultra-low-latency connectivity between capital markets participants in Korea and the world’s major stock and derivatives…
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