Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), has announced that recently there has surfaced a scam site using its company name, Hirose Financial UK Ltd. but it is not legitimate. Hirose's official website is https://www.hiroseuk.com. Using any other sites will put your account at…
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Following an investigation by the Financial Conduct Authority (FCA), Charanjit Sandhu of Grays, Essex, has appeared before the City of London Magistrates Court charged with conspiracy to defraud, together with offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006. The offences relate to the promotion and sale of shares through…
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The European Securities and Markets Authority (ESMA) has published an updated questions and answers document on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS). The Q&A includes two new questions and answers on how investment limits should be applied where a UCITS wants to invest in an umbrella fund.…
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The International Organization of Securities Commissions (IOSCO) has introduced the new chairs and vice chairs of the IOSCO board committees who were recently elected as part of a periodic renewal of IOSCO leadership. On behalf of IOSCO, Board Chair Ashley Alder expressed his gratitude to the outgoing committee leadership for their contribution and dedication to IOSCO…
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The Securities and Futures Commission (SFC) has prohibited Mr Benedict Ku Ka Tat, a former employee of The Pride Fund Management Limited, from re-entering the industry for one year from 18 November 2016 to 17 November 2017 and fined him $150,000 for failings relating to his sale of a fund to a client. An SFC…
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Industrial and Commercial Bank of China Limited (ICBC) Singapore Branch has adopted business information giant Thomson Reuters Corp (NYSE:TRI)'s FX e-commerce solution Electronic Trading to strengthen its presence in the foreign exchange market. ICBC is the first Chinese bank to adopt this next generation solution from Thomson Reuters. Electronic Trading provides efficient market making capabilities and…
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ASIC has accepted voluntary undertakings (VUs) from WA-based registered liquidators, Mr George Lopez and Mr Evan Verge, both of Melsom Robson, Chartered Accountants. ASIC’s ongoing industry-wide project to test compliance with registered liquidators’ obligations to lodge documents and publish notices required under the law continues to identify practitioners not complying with basic obligations. Mr Lopez…
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Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has announced that it has appointed Stuart Connolly as Head of Client Product Development for its Post Trade Risk and Information (PTRI) division, effective Monday 21 November. In this newly created role, Connolly will report to Jenny Knott, Chief Executive…
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CBOE Holdings, Inc. (NASDAQ: CBOE) has announced that the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR), in connection with its proposed acquisition of Bats Global Markets, Inc. (Bats: BATS). The end of the HSR waiting period allows the proposed…
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The Danish Financial Supervisory Authority has been informed that a foreign company, BLS Investments, has a website on the internet, which can easily mislead customers to believe that it is the website of BLS Capital Fondsmæglerselskab A/S. BLS Capital Fondsmæglerselskab A/S is under Danish supervision. BLS Investments and www.blsinvestments.com should not be mistaken for BLS…
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