Singapore Exchange (SGX) has filed complaints with authorities in China against Wu Xinhua, Executive Chairman and CEO of SGX-listed China Fibretech Ltd. The complaint was made against Wu in relation to several alleged offences under the Chinese Penal Code. The complaint was filed through lawyers appointed in both Singapore and China who have been advising…
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UK 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 the firm Cartwright & Blyth Associates. Cartwright & Blyth Associates is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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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…
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Cyprus Securities and Exchange Commission (CySEC) has informed the investing public about the XECOIN or cryptocoin that according to information is available in Cyprus. XECOIN or cryptocoin is not a financial instrument. Therefore, it does not fall within the scope of the Investment Services and Activities and Regulated Markets Laws of 2007 to 2016, nor is…
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Russia-based network operator Avelacom announced that has extended its low latency network and launched a new point of presence (PoP) to connect Interxion’s London data centre and Borsa Istanbul, making it easier for London’s capital markets players to enter emerging markets and exploit cross-venue arbitrage opportunities. Interxion’s London data centre is home to an extensive…
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The Board of Supervisors of the European Securities and Markets Authority (ESMA) announced that has appointed João Sousa Gião, Member of the Board of Directors of the Comissão do mercado de valores mobiliários (CMVM) of Portugal to serve as the chair of the Supervisory Convergence Standing Committee. The standing committees are expert groups drawn from…
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The AMF and the ACPR just published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the list of new websites recently identified: www.admiralmarketsltd.com / Admiral Markets Global Solutions Ltd www.fm-fx.com / FM Marketing Ltd www.goprofinance.com / GoProBank www.trade-24.com…
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The Financial Conduct Authority (FCA) announced that has today fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp. The FCA found that Mr Niehaus failed to act with due skill, care and diligence. The FCA found that Mr Niehaus, who was a managing director in the Investment Banking division…
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Marex Spectron, the global commodities broker, today announced record profits before tax of $27.0 million for the year through to 31 December 2016, a 53% increase on the $17.6 million reported in 2015, and maintains the firm’s positive earnings trajectory. Adjusted EBITDA for the year was also a record $37.1 million, compared with $31.0 million…
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The Payment Systems Regulator (PSR), the economic regulator for the £75 trillion UK payment systems industry, announced the start of a concerted and coordinated industry-wide effort to tackle payment scams back in December 2016. Following its consultation into the potential role of payment system operators (PSOs) in minimising the consumer harm caused by authorised push payment…
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