The Securities and Exchange Commission (SEC) announced that General Counsel Anne K. Small will leave the agency later this month. Ms. Small has served as the SEC’s General Counsel since April 2013. As the agency’s chief legal officer, Ms. Small has provided counsel on virtually all of the legal and policy issues before the Commission.…
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Just two days after releasing trade volumes for the month of December 2016, KCG Holdings, Inc. (NYSE: KCG) announced consolidated earnings of $196.2 million, or $2.47 per diluted share, for the fourth quarter of 2016. Included in the fourth quarter pre-tax earnings of $309.9 million is a pre-tax gain of $331.0 million from the sales…
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The French Minister of Finance has appointed a new member to the decision-making body of the Autorité des Marchés Financiers (AMF). By way of an order dated 26 December 2016 (and published in the Official Journal on 3 January 2017), the French Minister of Finance has appointed Muriel Faure to the AMF Board because of…
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Forex trading platform developer MetaQuotes just announced that the latest MetaTrader 5 Android build is already available for download on Google Play. Its new features include: Trade and History tabs now offer a sorting feature allowing you to arrange all trades by symbols (financial instruments), orders and open/close time. Apart from sorting, the History tab enables…
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The Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the U.S. Securities and Exchange Commission (SEC) providing for consultation, cooperation and exchange of information related to the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and the United States of America. The…
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The Securities and Exchange Commission (SEC) announced that General Motors (NYSE:GM) has agreed to pay a $1 million penalty to settle charges that deficient internal accounting controls prevented the company from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles. According to the SEC’s order, when…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Go 4 UK Loans. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…
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Japanese bank Mizuho has integrated business information giant Thomson Reuters Corp (NYSE:TRI) next generation FX desktop, FX Trading (FXT), into their trading workflows. FX Trading brings together all of Thomson Reuters FX transaction venues onto a comprehensive end-to-end platform to streamline workflows and create a single point of access to the industry’s largest collective independent…
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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 International Financial Services Commission of Belize (IFSC) has notified that an entity calling itself Flexible Funds Int'l of 375 7th Ave, New York, NY 10001, United States, is falsely and fraudulently claiming to be certified by the International Financial Services Commission of Belize. IFSC confirmed that Flexible Funds Int'l is not certified/licenced by the…
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