The Securities and Exchange Commission (SEC) has announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf of his hedge fund and redeem them early by invoking a survivor’s option. An SEC examination of…
Read moreParsley Energy, Inc. (NYSE: PE) has announced that it has priced an underwritten, upsized public offering of 7,250,000 shares of Class A common stock for total gross proceeds (before underwriters' fees and estimated expenses) of approximately $243.2 million (the Equity Offering). The 7,250,000 million share offering represents a 250,000 share upsize to the originally proposed 7,000,000…
Read moreThe Fintech company Tradency and the Forex/Bullion trading solutions provider in Asia, m-FINANCE, are forming a new cooperation. This cooperation provides m-FINANCE's brokers and financial institutions in mainland China and Hong Kong with Tradency's RoboX & Mirror Trader platforms. All traders of m-FINANCE brokers can now easily access RoboX & Mirror Trader via their existing user…
Read moreUK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against Westminster Guarantee Protection (Trustees) Limited firm. The company is not authorised by the FCA but has been targeting people in the UK: Westminster Guarantee Protection (Trustees) Limited Address:…
Read moreThe gold held in custody by Deutsche Börse Commodities GmbH for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 90.67 tons, an increase of more than 50% since the beginning of the year. For each Xetra-Gold bond, exactly one gram of gold is deposited in the central…
Read moreRetail FX broker Alpari Limited has announced that the Alpari Options application is already available for smartphones using the Android operating system. Clients using iOS-based devices are already trading binary options 24/5 and now this opportunity has also been given to Android users. The application offers all the tools, strategies and timeframes that are in the Web version…
Read moreOTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that provides clearing and settlement services for over-the-counter (OTC) derivative transactions, has announced the launch of its clearing service for cross currency swaps (CCS). OTC Clear is initially providing clearing for swaps in the USD/CNH (US Dollar/Offshore Renminbi, or…
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm Morgan Stanley/Morgan Stanley & Co Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as…
Read moreThe Securities Commission Malaysia (SC) launched a rule book on the revised Takeovers and Mergers Framework to facilitate market activities in a fast changing environment, whilst ensuring appropriate shareholder protection. The Rules on Takeovers, Mergers and Compulsory Acquisitions 2016 stipulates operational and conduct requirements in relation to takeovers and is issued as an SC guideline…
Read moreCitizens Bank, part of Citizens Financial Group (NYSE:CFG), has announced the appointment of Lamont Young as a head of Digital. Young will also continue to manage his existing responsibilities for Multi-Channel Marketing. With more than 20 years of digital and marketing experience in the consumer goods and financial services industries, Young will oversee Citizens strategic…
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