cysec cif licence suspension
February 25, 2020 BY Valentina Kirilova

CySEC permanently deletes OMEGASERVE SECRETARIAL LTD from the register

The Cyprus regulator CySEC has earlier this week announced the company OMEGASERVE SECRETARIAL LTD waived its authorisation with Νumber 109/196. The company's authorisation lapsed as from January 2, 2020 and CySEC has permanently deleted OMEGASERVE SECRETARIAL LTD from the Register. OMEGASERVE remains under the supervision of CySEC until its compliance with any of its outstanding…

Read more
fca warning
February 25, 2020 BY Valentina Kirilova

FCA adds more companies to its warning list

UK watchdog FCA has put out the details of several unregulated companies and clone firms this week. The names of the latest additions to the regulator’s warning list are the companies Everyday Finances, Premium Dax, BT Save, Duxa Capital, as well as the clone firms TL Financial Consultancy and Hiroseoption. According to the regulator, the…

Read more
data
February 24, 2020 BY Valentina Kirilova

IOWArocks expands its marketplace

IOWArocks has announced that it has added Exchange Data International (EDI), provider of global security corporate actions, pricing and reference data, into its fast growing marketplace. Jonathan Bloch, Chief Executive Officer, EDI, commented on the news: Driven by the need to reduce costs, coupled with wanting more choice and control, many of our clients are looking beyond…

Read more
Wells Fargo
February 24, 2020 BY Valentina Kirilova

Wells Fargo pays $500m for misleading investors

California-based firm Wells Fargo & Co. was charged for misleading investors about the success of its core business strategy, the Securities and Exchange Commission (SEC) announced last week. According to the regulator, the company has agreed to pay $500 million to settle the charges, which will be returned to investors. The payment is part of a…

Read more
forex market crypto news and updates
February 24, 2020 BY Valentina Kirilova

Daily Market News: Stocks plunge as virus fears grow

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 24, 2020.  Markets are down heavily across the board this morning as investors seek safety due to a rise in coronavirus cases outside of China. Outside of Asia, we had seen markets almost carrying on with…

Read more
Regulation
February 24, 2020 BY Valentina Kirilova

ASIC to grant relief for companies planning an IPO

Australian regulator ASIC announced earlier today that it is seeking feedback on proposals to grant relief for voluntary escrow arrangements and pre-prospectus communications in connection with an initial public offer (IPO). Currently companies that are considering undertaking an IPO must apply to ASIC for individual relief and pay application fees. The watchdog is about to…

Read more
BIS announces key appointments in Singapore and Switzerland
February 24, 2020 BY Valentina Kirilova

BIS announces key appointments in Singapore and Switzerland

The Bank for International Settlements (BIS) has earlier today announced that it has added Andrew McCormack and Morten Bech to its BIS Innovation Hub. Andrew McCormack will head the BIS Innovation Hub Centre in Singapore. Morten Bech, Head of Secretariat for the Committee on Payments and Market Infrastructures (CPMI), will lead the Hub Centre in Switzerland. They will…

Read more
SGX announces trading volumes
February 24, 2020 BY Valentina Kirilova

SGX launches methanol futures and swap contracts

Singapore Exchange (SGX) just announced that it has launched methanol futures and swap contracts to help methanol producers, traders and downstream users manage risk and improve price discovery amid rising demand. Both new features (SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures) will be listed with 12 consecutive contract…

Read more