The Securities and Futures Commission (SFC) today obtained an interim order from the Court of First Instance to freeze approximately $2.66 million in the bank accounts of Mr Heriberto C. Perez Valdes in connection with a suspected Pyramid and Ponzi scheme. The SFC alleges that Valdes was involved in the scheme operated by DFRF Enterprises…
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LCH, a global clearing house, announced today that its first European buy-side client is now live on CDSClear. Amundi is now clearing credit default swaps (CDS) at CDSClear via its clearing broker BNP Paribas. The expansion into client clearing is the latest development for CDSClear, which has seen activity on its service grow significantly in…
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The U.S. Commodity Futures Trading Commission (CFTC) today issued an Opinion and Order refusing registration with the CFTC for Zero Chaos Advisors, LLC and Ronald Edward Fisher. Additionally, Zero Chaos and Fisher agree never to apply for CFTC registration or claim exemption from registration; and never to engage in any activity requiring registration with the…
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The Tokyo Financial Exchange (TFX) announced that will add Packs and Bundles functions as trading strategies of Three-month Euroyen futures. While TFX currently offers a fee discount program for synthetic Packs and Bundles transactions executed via block trade facility (off-exchange), it will introduce another fee discount program Packs and Bundles executed on-exchange. Packs Strategy purchase…
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Information giant Thomson Reuters Corp (NYSE:TRI) just announced that corporate legal departments can more easily compare their performance to industry benchmarks and streamline frequently-used workflows with new automation tools in the latest update of Thomson Reuters Legal Tracker™ (formerly Serengeti Tracker™), the e-billing and matter management solution. Tracker Benchmark Index data is now available in…
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Bats Europe, a CBOE Holdings, Inc. (NASDAQ: CBOE) company, today announced it has launched the Bats Brexit 50/50 Indices, two new benchmark indices designed to reflect the impact of Brexit on UK companies. The two indices – the Bats Brexit High 50 and Bats Brexit Low 50 – are designed to act as barometers for…
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The Securities and Exchange Surveillance Commission (SESC), today, made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency that an administrative monetary penalty payment order be issued in regard to insider trading of the shares of Tri-Stage inc. by Prospect Asset Management, Inc. (PAMI) pursuant to Article 20(1) of the…
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Australian-owned Forex (FX) and Contracts For Difference (CFD) trading provider AxiCorp continues its global expansion and has appointed Filippo De Rosa to head its Middle East operations. De Rosa brings more than 12 years of experience in retail and institutional sales in the global CFD and FX markets to his new role, which will see…
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ASIC has cancelled the Australian financial services (AFS) licence of Aquaint Capital Limited (in liquidation) ACN 110 353 065. Aquaint is the responsible entity for Aquaint Income Fund ARSN 114 372 619 (the Scheme). It was placed into liquidation on 1 September 2016 following a creditors' resolution that Aquaint be wound up on the basis…
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The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge James I. Cohn of the U.S. District Court for the Southern District of Florida entered a Consent Order against CFTC Defendants Neil Pecker with a last-known address in Longwood, Florida and his company, Vision Financial Partners, LLC (Vision) of Deerfield Beach, who were charged…
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