The FCA has today fined Gavin Breeze £59,557 for engaging in market abuse in the form of insider dealing and has also publicly censured him for improper disclosure. The FCA found that Mr Breeze, who holds several directorships of private companies and is also a Non-Executive Director of one AIM listed business, attempted to sell…
Read moreOsaka Exchange has announced that Tuesday June 19, 2016 is the scheduled date for the introduction of: TSE Mothers Index Futures, TAIEX Futures, FTSE China 50 Index Futures, and JPX-Nikkei Index 400 Options. For the revision rule of contract months and the strike price interval for TOPIX Options and for the revision rule of strike…
Read moreUK financial regulator the Financial Conduct Authority (FCA) has issued a warning regarding unlicensed clone loan firm Homeowner Loans/ Advantage Leads. The FCA believes that: Fraudsters are using the details of firms registered to carry out financial services activities to try to convince people that they work for a genuine, registered firm." The FCA warns:…
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 moreApple Inc. (AAPL.O), S&P 500’s largest constituent, has been in a great struggle these days with slowing demand for its iPhones in China. Although Apple’s stock gained 1.98% on Thursday (biggest one-day rise since May), it is still down 26% from its own record high close of $133 set on February 23, 2015. On the…
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Not all retail forex brokers are the same. And not all brokers make use of economic calendars in the same way. In fact, some don't provide them at all to their clients. What should my brokerage firm do? We present a special guest post by EarnForex.com on the subject of Forex Brokers and Economic Calendars,…
Read moreThe Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has published a report summarising key findings from its review of 100 periodic financial reports released by listed issuers (issuers) between March 2015 and April 2016. David Graham, HKEX's Chief Regulatory Officer and Head of…
Read moreThe Financial Markets Authority (FMA) has elected to discontinue the proceeding against equity firm Archer Capital (Pty) Limited (Archer) and Healthcare Industry Limited (HIL). The defendants, Archer and HIL, have accepted that the FMA was justified in investigating the conduct that is the subject of this claim. The FMA has concerns about market practice in…
Read moreSingapore Exchange (SGX) has announced that its securities market will open per normal on July 15, following a market disruption yesterday. At 0938 hours on July 14, 2016, a technology issue affecting SGX’s trade confirmation processes was identified, and a cutover from the primary to secondary trade confirmation systems has been initiated at 1012 hours. Trade confirmations resumed…
Read moreThe Ontario Securities Commission (OSC) has launched the Office of the Whistleblower, the first paid whistleblower program by a securities regulator in Canada. The OSC also published OSC Policy 15-601 Whistleblower Program, which outlines the program’s eligibility criteria and reflects input received from stakeholders on the program. The OSC’s whistleblower program offers compensation of up…
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