SCF failed to disclose the conflict of interest to its clients nor did it adopt and implement procedures to prevent violations of federal securities laws regarding its mutual fund and money market sweep fund share class selection practices. In this way, SCF violated its duty to seek best execution. Dabney O’Riordan, Co-Chief of the SEC…
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Lauren Dillard, EVP and Head of Nasdaq's Global Information Services commented: The Nasdaq-100 index tracks the world's most innovative companies and has shown incredible strength and resilience through its outstanding performance. The VOLQ index enables investors to track Nasdaq-100 volatility, and CME Group's launch of VOLQ futures is a great step in bringing more innovative…
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International multi-asset broker HotForex has expanded its offering with the launch of exchange-traded funds (ETFs) and direct market access (DMA) stocks, exclusive to the company’s MT5 platform. Traders on HotForex can now benefit from CFDs on DMA Stocks and the direct market live pricing. Unlike CFDs on Stocks, which are not directly hedged in the underlying…
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Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit said: Investors are entitled to truthful disclosures from issuers of securities, whether digital or otherwise. Pavithran and Boon.Tech defrauded investors by convincing them to fund this endeavor based on the allure of innovation that simply did not exist. The US watchdog found that Boon.Tech and…
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Three other former executives of Wirecard have been arrested including former chief executive officer Markus Braun. The prosecutors suspect that the company has known about the losses since 2015. The Braun, Marsalek and the two other executives allegedly conspired to about €3.2 billion euros ($3.7 billion) in fraudulent loans. Allegedly, they intended to inflate the…
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Sit, Lam and Tam already appeared in court. No plea was taken and the court bail for each of them was set to $10,000. The SFC’s Executive Director of Enforcement, Thomas Atkinson, said: The SFC is committed to combating market misconduct and has zero tolerance of market manipulation in any shape or form. We will…
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The company is the first in Thailand to be approved for licenses in all four digital asset business categories. Upbit Thailand plans to offer new digital asset-related services once the final audit process by the Thai SEC is complete. With the new licenses for cryptocurrency and digital token subcategories, Upbit Thailand expands its offer with…
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Traders on HotForex can now benefit from CFDs on DMA Stocks and the direct market live pricing. Unlike CFDs on Stocks, which are not directly hedged in the underlying physical market, with CFDs on DMA Stocks, HotForex will allow market participants to view and trade with the live order books of global stocks regulated exchanges…
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Utility names lead FTSE 100 higher Despite the official news that the UK entered the worst recession on record in Q2, London-listed stocks soared yesterday, with the FTSE 100 adding 2%. That gain took the index to a three week high. Utilities stocks were among the biggest winners of the day, with Severn Trent, Pennon…
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The “finnra.org” domain is not connected to FINRA. Firms should delete all emails originating from this domain name. The US watchdog has already requested that the Internet domain registrar take down "finnra.org". FINRA reminds firm to check the legitimacy of any suspicious email before to responding to it, opening any attachments or clicking on any…
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