The Securities and Futures Commission (SFC) has welcomed the re-appointment by the Financial Secretary of Dr Kelvin Wong Tin-yau as a Non-Executive Director for a term of two years with effect from 20 October 2016. Dr Wong has first been appointed as a Non-Executive Director of the SFC on 20 October 2012. Dr Wong has provided the…
Read moreThe UK Financial Conduct Authority has put out details of the cloned firm Shaks Specialist Cars. 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 tactics to…
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At the end of the first autumn month retail FX broker Alpari Limited's turnover has increased by 5% over the August figure and amounted to $88.7 billion. The main fuel for the increase of 11% in September was the most popular among traders Alpari currency pair EURUSD. In relative terms, USDCAD currency pair has also made…
Read moreThe Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published for public comment a consultative report on Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) – second batch. The report responds to the G20’s agreement in 2009 that all OTC derivatives contracts would…
Read moreTokyo Stock Exchange, Inc. (TSE) has started gathering public comments concerning the transition in calculation methodology from “full-market capitalization weighting” to “free-float adjusted market capitalization weighting” (hereafter “free-float weighting”) for TSE REIT-related Indices. If the transition is implemented as originally proposed, the underlying index of TSE REIT Index futures listed on Osaka Exchange, Inc. (OSE)…
Read moreThe UK Financial Conduct Authority has put out details of the cloned firm Click Search Media t/a Debt Friendly. 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…
Read moreThe Securities and Futures Commission (SFC) has reprimanded and fined FXCM Asia Limited (HK FXCM) (now known as Rakuten Securities Hong Kong Limited) HK$4 million for regulatory breaches in relation to its order execution practice for foreign exchange (Forex) trading. An SFC investigation found that from December 2006 to December 2010, HK FXCM and its…
Read moreThe Securities and Exchange Commission (SEC) has announced that Ernst & Young LLP has agreed to pay more than $11.8 million to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate earnings. Ernst & Young’s payment will be combined with the $140 million penalty agreed…
Read moreThe global network of independent technology consulting and software services firms, DataArt, has announced that Deutsche Börse Group, one of the largest exchange organisations worldwide, has joined a growing list of clients in its rapidly expanding Finance Practice. DataArt has partnered with Deutsche Börse to create an interactive eLearning program on Exchange Traded Funds (ETFs). The program targets…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) has announced that the Black Rainstorm Warning has not affected trading in the securities and derivatives markets, which continue to operate as normal. According to the rules, trading will continue until the end of today’s last trading session. For the details of arrangements for trading, and clearing and…
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