The Securities and Futures Commission (SFC) has banned Ms Li Lee, a former employee of The Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for life following her criminal convictions. The District Court earlier found that Li, who was responsible for selling and promoting investment and insurance products at HSBC at the…
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Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Ferheen Mahomed to serve as its Group General Counsel from today (Monday). Ms Mahomed will head HKEX's Legal Services Department and oversee the Group's legal function, including the teams at the London Metal Exchange (LME) and LME Clear. She will report to HKEX Chief Executive Charles…
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The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has become a full signatory of the IOSCO Multilateral Memorandum of Understanding (MMoU) after the IOSCO team of international experts assessed ADGM as fully compliant with the international benchmark for effective cross-border cooperation. The IOSCO MMoU provides a global framework for enforcement co-operation…
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The Securities and Exchange Commission (SEC) announced that it obtained an emergency court order freezing brokerage accounts holding more than $29 million in illegal profits from insider trading in advance of the April 2016 acquisition of DreamWorks Animation SKG, Inc. by Comcast Corp. The SEC alleges that in the weeks leading up to the news…
Read moreTurkey’s treasury is set to pave the way for foreign investors to issue foreign exchange-based securities as part of the Istanbul Finance Center project, in a move to attract more foreign investors into the country’s capital markets, Hurriyet Daily News has announced. Deputy Prime Minister Mehmet Şimşek commented: Foreign investors and issuers can make transactions…
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Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has just announced its operating metrics for the month of January 2017 and the results look a lot better than the last month of 2016. Retail Segment Metrics OTC average daily volume of $9.5 billion, an increase of 11.0% from December 2016 and a decrease of 40.1% from…
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A new report, Blockchain in Financial Markets: Gaining an Edge, released today by Bain & Company in partnership with financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR), reveals that Distributed Ledger Technology (DLT) is gaining significant momentum in financial markets. More than 80% of financial markets executives interviewed expect the impact of blockchain to be…
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INTL FCStone Inc. (NASDAQ: INTL) announced that the Broker-Dealer Rates Group of its wholly owned subsidiary, INTL FCStone Financial Inc., has formed a Securitized Products Group in order to enhance its Mortgage- and Asset-Backed Securities operations. The Securitized Products Group supports INTL FCStone Financial's dedication to providing dealer and market maker services to buy-side clients.…
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Aon plc (NYSE: AON), the global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services, just announced its fourth quarter and full year 2016 results. Fourth Quarter Key Metrics and Highlights Total revenue was $3.3 billion with organic revenue growth of 3% Operating margin decreased 290 basis points…
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Oil prices started to accelerate more than 1% today after the International Energy Agency (IEA) announced record initial compliance by Organization of the Petroleum Exporting Countries (OPEC) members implementing last year's landmark deal to curb output in an effort to prop up global oil prices. Members of OPEC made production cuts in January equating to…
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