The Bermuda Stock Exchange (BSX) announced the launch of its new Investor Education Programme ‘Own your share of Bermuda’. In making the announcement BSX President & CEO Greg Wojciechowski noted: As part of the Exchange’s ongoing commitment to the continued development of the domestic capital market the BSX has, in conjunction with other investment industry…
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The Securities and Exchange Commission (SEC) published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online with often limited human interaction. Because of the unique issues raised by robo-advisers, the Commission’s Division of…
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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 Canadian Securities Administrators (CSA) launched a regulatory sandbox, an initiative that supports businesses seeking to offer innovative products, services and applications. The objective of this initiative is to facilitate the ability of those businesses to use innovative products, services and applications all across Canada, while ensuring appropriate investor protection,” said Louis Morisset, CSA Chair…
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Bats Global Markets, Inc.(Bats: BATS), the U.S. market for exchange-traded fund (ETF) trading, welcomed a suite of four new PowerShares ETFs to the Bats ETF Marketplace. The products include: The PowerShares Conservative Multi-Asset Allocation Portfolio (Bats: PSMC) which seeks total return consistent with a lower level of risk relative to the broad stock market. The…
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The dissemination of a bogus Vinci press release and its impact on the share price on 22 November 2016 prompted the Autorité des marchés financiers (AMF) to work with all relevant parties to consider how such incidents might be prevented, or at the very least how their market consequences might be limited. In addition to its…
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U.S. bank Morgan Stanley might initially move 300 staff from Britain following its exit from the European Union, and is scouting for office space in Frankfurt and Dublin, Bloomberg News reported earlier on Thursday. The Wall Street firm will eventually choose either Frankfurt or Dublin to base its enlarged European Union hub, according to the Bloomberg…
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The Board of the Cyprus Securities and Exchange Commission (CySEC) just informed that, at the meeting held on 23 January 2017, has decided to impose a total administrative fine of €63.000 to CIF PriorFX Ltd for non compliance with the following: The company has failed to comply at all times with the authorization and operating conditions, as…
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Xceptor, a provider of process automation and data management services for post-trade operations, just announced that it has signed an agreement with AcadiaSoft to jointly create a new service, called Relay, which will allow high volumes of margin calls currently transacted by email to be automated through the MarginSphere platform. AcadiaSoft MarginSphere is an electronic…
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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 Courington Law. Courington Law is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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