August 17, 2016 BY LeapRate Staff
What the new CySEC rules mean to the FX industry
CySEC’s strategic move capitalizes on a potential shift in the global FX landscape.
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August 17, 2016 BY Valentina Kirilova
KeyBank adds Masterpass by Mastercard to its client mobile payment options
KeyBank has expanded its mobile payments capabilities with Masterpass by Mastercard in response to steadily growing client mobile payment use. Jason Rudman, director of KeyBank Consumer Payments and Digital Banking, said: We know our clients want to be able to choose the banking product that best fits their individual need, and mobile payments is no exception. Whether…
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August 17, 2016 BY Valentina Kirilova
ASIC bans former representative of Macquarie Equities Limited
ASIC has banned Mr Nicholas Kerr, of Carindale, Queensland, from providing financial services for five years after finding that he engaged in unauthorised discretionary trading on his client accounts, provided inappropriate advice and created false records. Mr Kerr was a representative of Macquarie Equities Limited (MEL) from March 2008 to August 2013. ASIC's investigation found…
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August 17, 2016 BY Valentina Kirilova
Moscow Exchange announces risk parameters change
Moscow Exchange (MOEX) has announced that NCC Clearing Bank is changing risk parameters in Securities market for EPLN (Europlan) shares starting from August 24, 2016: № Ticker Name Current IM rates New IM rates New concentration limits, sec. S_1_min S_2_min S_3_min S_1_min S_2_min S_3_min 1st level 2nd level 1 EPLN Europlan 100% 100% 100% 70% 85%…
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August 17, 2016 BY Valentina Kirilova
Merger of Deutsche Börse Group and LSEG: Final acceptance ratio: 89.04% of all Deutsche Börse shares tendered
Following analysis of all shares tendered for exchange, Deutsche Börse AG has determined a final acceptance ratio for the Exchange Offer of HLDCO123 PLC (HoldCo) of 89.04%. On June 1, 2016, HoldCo has published its voluntary public takeover offer in the form of an exchange offer to the shareholders of Deutsche Börse for acquiring all…
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August 17, 2016 BY Valentina Kirilova
ASIC cancels Marigold Falconer licence
ASIC has cancelled the Australian financial services licence held by Marigold Falconer International Limited (Marigold Falconer). Marigold Falconer was unable to satisfy ASIC that it could obtain insurance cover for the services it was authorised to provide under the licence, which included providing financial product advice and dealing in financial products. ASIC has previously suspended…
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August 17, 2016 BY LeapRate Staff
Alpari UK bankruptcy update: 79 cents on the dollar to be refunded as KPMG fees top £10 million
It has been more than 19 months since the bankruptcy of FCA-regulated retail forex broker Alpari UK, and things aren't totally unwound quite yet. Special Administrator KPMG has issued a further update on its work on the Alpari UK case. Alpari UK entered bankruptcy proceedings following heavy losses the company took on the Swiss Franc…
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August 17, 2016 BY Valentina Kirilova
Thomson Reuters announces a slight increase in U.S. indirect tax rates in Q2 amid modest tax fluctuations
The U.S. average combined sales tax rate rose by a slight margin in Q2 due to minimal tax changes in most jurisdictions, according to the latest ONESOURCE Indirect Tax Report from Thomson Reuters. The average state-level sales tax rose marginally from 5.535% to 5.56% in Q2 2016. Puerto Rico remains a significant outlier with a…
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August 17, 2016 BY Valentina Kirilova
TransferWise launches a business platform
London-based money transfer outfit TransferWise has launched a platform specifically designed for businesses. The company share that TransferWise for Business is a way to move money internationally by using its network of bank accounts around the world to swap money between local accounts so that as little cash as possible crosses borders, making sending money abroad…
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August 17, 2016 BY Valentina Kirilova
SEC fines Health Net Inc. for severance agreements that removed financial incentives for whistleblowing
The Securities and Exchange Commission (SEC) has announced that a California-based health insurance provider has agreed to pay a $340,000 penalty for illegally using severance agreements requiring outgoing employees to waive their ability to obtain monetary awards from the SEC’s whistleblower program. According to the SEC’s order, Health Net Inc. violated federal securities laws by taking away…
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