BCS Global Markets, the Russian investment bank and largest securities broker on the Moscow exchange, has just announced the appointment of Bradley Duke and Tim Bevan as co-CEO’s of its UK entity, BCS Prime Brokerage Ltd (BCS UK). BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies…
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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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The global clearing house LCH announced that has extended its RepoClear service to offer clearing for cash and repo trades on German government securities via LCH SA, its continental Europe-based entity. This complements the existing service at LCH SA which already clears trades on Italian, French and Spanish government securities and will provide greater choice for members…
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CySEC brokerage firm Orbex today announced the elimination of commissions from all their account types. These updates will officially launch on March 28th 2017 to forex traders worldwide. Orbex will still offer their traders competitive fixed and variable spreads but now without the cost of commissions, allowing more transparency in calculating trading costs. This is the…
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The Financial Conduct Authority (FCA) today announced that Tesco plc and Tesco Stores Limited have agreed that they committed market abuse in relation to a trading update published on 29 August 2014, which gave a false or misleading impression about the value of publicly traded Tesco shares and bonds. Tesco have agreed to pay compensation…
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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 Prime FX Ltd. Prime FX Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Davisco Foods International, Inc., based in Le Sueur, Minnesota, for failure to register with the CFTC as a Futures Commission Merchant (FCM). The CFTC Order finds that for a number of years, from at least May 2011 and continuing…
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The Financial Industry Regulatory Authority (FINRA), along with the New York Stock Exchange; NYSE Arca; NYSE MKT; the four Bats Exchanges, Bats BZX, Bats BYX, Bats EDGA, and Bats EDGX; Nasdaq; Nasdaq BX; and the International Securities Exchange, today announced that they have commenced disciplinary proceedings against Lek Securities Corporation and its Chief Executive Officer,…
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The Securities and Exchange Commission (SEC) announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars. The SEC alleges that Daniel H. Glick and his unregistered investment advisory firm Financial Management Strategies (FMS) provided clients with…
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The French regulator Autorité des Marchés Financiers (AMF) has published a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: www.agenda-invest.com www.financial-futures-ltd.com www.gmsa-investments.com www.group-investment.com www.labastilleandpartners.com www.lepartenairefinancier.com www.marketoptions.com www.owpremium.com www.swissxm.com www.tp-markets.com A list of all unauthorized sites…
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