ASIC has banned Ms Keira Jane Keegan, a financial adviser and former representative of Protect Ensure Pty Ltd, from providing financial services for a period of three years. The banning results from an investigation into Ms Keegan's conduct in recommending self-managed superannuation fund clients invest in financial products issued by Protect Ensure. Ms Keegan worked…
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Business information giant Thomson Reuters Corp (NYSE:TRI) has expanded its index series by providing a total return index that includes only companies that are classified small and mid cap. The Thomson Reuters Western Eurozone Mid & Small Cap Total Return Index is market capitalization weighted and is designed to include only companies that can be…
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The Board of the International Organization of Securities Commissions (IOSCO) published today a Statement on Implementation of New Accounting Standards related to revenue, financial instruments, and leases. The three new International Financial Reporting (IFRS) Standards, issued by the International Accounting Standards Board, are expected to significantly affect the financial statements of many issuers globally, given…
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The European Securities and Markets Authority (ESMA) has opened today a public consultation on the extension of data available to the public in trade repositories as stipulated in the European Market Infrastructure Regulation (EMIR). Public data has experienced several problems related to the comparison and aggregation of data across trade repositories. Therefore, ESMA is setting out…
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The Japanese yen is getting crushed - dropped with 0.7% at 118.0250 per dollar as of 7:38 a.m ET. This happens in the aftermath of the Federal Reserve's decision to raise rates for the second time this decade. As most of the market watchers expected, the Federal Reserve decided to raise its benchmark interest rate by 25…
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LeapRate Exclusive… LeapRate has learned that forex platforms provider Tools for Brokers has rebranded as T4B.com. This step intends to de-emphasize the product aspect of their offering and pinpoint the new service-oriented approach. The company has already used the new domain name t4b.com for some time and officially introduced the new corporate look at the…
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The Securities and Futures Commission (SFC) has prohibited Mr Poon Kin Lung, a former account executive of Phillip Securities (Hong Kong) Limited, from re-entering the industry for two years from 15 December 2016 to 14 December 2018 over breaches of the SFC’s Code of Conduct. The SFC found that from 1 January 2014 to 28…
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The European Securities and Markets Authority (ESMA) has elected a new member to its Management Board to replace an outgoing member who has stepped down from her position. The election took place at the Board of Supervisors meeting in Paris on 14 December and the successful candidate, who will serve the remainder of the outgoing…
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ASIC has today released class waivers to allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or credit licence. ASIC Commissioner John Price said: ASIC’s 'fintech licensing exemption' is unique. No other major jurisdiction has implemented a class waiver which allows eligible businesses to notify the regulator…
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The ending of 2016 seems to turn out quite well for FX broker Alpari. Turnover of the company showed an increase of 4% MoM last month and amounted to $89.4 billion. These results show that this has been Alpari's best forex volumes month since May 2016. The main drivers of growth during this period were…
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