Hong 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 moreFinancial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has signed an agreement with financial services company SEI (NASDAQ: SEIC) that will provide SEI private banking clients access to Broadridge’s global securities class action services. Through the new strategic partnership, SEI private banking clients can elect to utilize Broadridge’s services, which will monitor securities class action…
Read moreThe Securities and Exchange Commission (SEC) has announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency exchange trades. As part of its custody bank line of business, State Street safeguards clients’ financial assets…
Read moreBased on the declarations of acceptance received and booked so far by the custodian banks for the exchange offer by HLDCO123 PLC, London, United Kingdom to the shareholders of Deutsche Börse AG in connection with the planned combination of Deutsche Börse AG with the London Stock Exchange Group plc, the minimum acceptance threshold of 60%…
Read moreIS Prime Limited has announced that Robert Buxton has joined the company where he will focus on driving the agency execution business. Robert has 8 years of experience gained within a sales environment at Bloomberg. Latterly he was focused on e-FX Sales to a broad range of clients predominantly across EMEA. Jonathan Brewer, Managing Partner at IS…
Read moreDTCC-Euroclear GlobalCollateral Ltd, a joint venture (JV) of Euroclear and The Depository Trust & Clearing Corporation (DTCC), has announced that financial services company Northern Trust will implement GlobalCollateral’s Settlement Messaging Service. The adoption of the service will streamline Northern Trust’s margin call process, increase transparency through automated collateral settlement tracking, enhance client service and improve…
Read moreMore to come from ASIC today. The Australian regulator has cancelled the Australian financial services (AFS) licence of Sydney-based Edwards Benefits Advisors Pty Ltd (Edwards Benefits) for failing to comply with a number of key obligations as a financial services licensee. In particular, ASIC found that Edwards Benefits: • failed to lodge financial statements, auditors…
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 Passion Finance loan firm, operating from website www.passionfinance.co.uk showing address 27 Cambridge Park, London, E11 2PU, 8 Hayes Grove, Birmingham, West Midlands, B24 0HR and 28-29 Haymarket London…
Read moreThe European Securities and Markets Authority (ESMA) has issued today final implementing technical standards (ITS) regarding sanctions and measures which will implement the Market Abuse Regulation (MAR). The ITS prescribe how national competent authorities (NCAs) should notify ESMA annually of the investigations they conduct and the sanctions and measures imposed in their Member States under…
Read moreAfter the news that Verizon Communications Inc. (NYSE, Nasdaq: VZ) bought online pioneer Yahoo (NASDAQ: YHOO), the telecoms giant has reported second-quarter earnings reflecting strong profitability and customer retention at Verizon Wireless, a repositioning of the wireline network footprint and cost structure, and scaling of new growth markets in mobile video and the Internet of Things…
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