Following the announcement dated 29th September 2016, the Cyprus Securities and Exchange Commission (CySEC), after a decision at the meeting dated 28th November 2016, announced that the authorisation of the Cyprus Investment Firm Best Choice FBC Ltd will continue to be suspended. The company’s CIF authorisation will remain suspended until CySEC decides whether to withdraw…
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A number of new records were set in Hong Kong's derivatives markets in 2016, according to market statistics from 1 January to 15 December 2016 published on Hong Kong Exchanges and Clearing Limited's (HKEX) website today. Total futures trading reached 80,950,484 contracts, up 10% on the full-year record high of 73,462,212 contracts in 2015. Trading of…
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Mr James Meaden, of Invermay in Victoria, has appeared at the Magistrates Court of Victoria at Ballarat, charged with a director's duty offence under the Corporations Act, ASIC announced earlier today. Mr Meaden, a former sole director of Brimarco Pty Ltd operated a designing, engineering and manufacturing business that specialised in purpose built and production…
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Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has issued a public warning against new forex brokers. CONSOB has: -suspended for a period of 90 days, under the terms of art. 99, paragraph 1, letter b), of the Consolidated Law on Finance - CLF, Service Merchant Corp. from its activities…
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Payments services company Paysafe Group plc (LON:PAYS) today announced that it intends to commence an inaugural share buyback programme of up to £100 million. The Paysafe buyback comes to counteract a large drop in Paysafe's share price, following a negative report issued by short seller Spotlight Research on the company's connection to illegal gaming out…
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Mr George Nassar, of Revesby, NSW, has been disqualified by ASIC from managing companies for the maximum period of five years arising from his involvement in eighteen failed companies. ASIC found that Mr Nassar failed to ensure that proper financial records were kept, failed to assist the liquidators of the eighteen companies after the companies…
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On 20 December 2016, London-headquartered ICBC Standard Bank Plc will become the first UK bank to obtain clearing membership on Moscow Exchange's FX Market. The membership allows ICBC Standard to trade using Sponsored Market Access (SMA) provided by Moscow-based trading member ICBC Bank, and clear and settle trades itself. Igor Marich, Moscow Exchange's Managing Director…
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Bats Global Markets, Inc. (Bats: BATS) today welcomed another new fund from Pacer ETFs to the Bats ETF Marketplace, the seventh Pacer fund listed on Bats. The Pacer US Cash Cows 100 ETF (Bats: COWZ) tracks the Pacer US Cash Cows 100 Index, which screens equities based on their average projected free cash flows and…
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The Australian Competition and Consumer Commission (ACCC) is warning businesses about receiving letters that look like an invoice and state a ‘domain name is available’. A busy office at this time of the year may be a particular target. The letter may be taken to be a renewal notice for an existing domain name. However,…
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The London group, to be renamed NEX Group from January, is preparing to process thousands of foreign exchange trades on blockchain technology. ICAP plc (LON:IAP) will supply the code to customers in March so institutional investors can more transparently track and value deals in the spot market, which trades $1.7tn a day. ICAP, in…
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