Category: Financial Services

Whistleblower
June 22, 2020 BY Steffy Bogdanova

Whistleblower receives nearly $700K award from SEC

So far, the agency has awarded over $501 million to 84 individuals for their help since the first award was issued in 2012. Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible…

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Canadian regulator BCSC warns against Highgoldminings.com, Crypto Hallmark Investment and others
June 22, 2020 BY Steffy Bogdanova

Canadian regulator BCSC warns against Coinmining.Ltd and others

Sblock-Trade is allegedly located in UK, Colombia and Nova Scotia. The company offers investment plans in cryptocurrency trading. Sblock-Trade is not registered to trade in securities or derivatives in BC. Cryptrade24 is allegedly based in Churchill, Manitoba. The company offers investment plans in cryptocurrency trading, however it is not registered to trade in securities or derivatives in BC.…

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fca warning
June 19, 2020 BY Steffy Bogdanova

Smart bonds, Select Invest and others added to FCA warning list

Smart bonds Website: www.my-smartbonds.co.uk Select Invest Website: www.select-invest.co.uk The Investmentheads Address: 2 Constance Street, London, E16 2DQ Telephone: 07832190826 Email: [email protected] Website: https://investmentheads.co.uk/ CompareFixedRateBonds Address: 52-160 Kemp House, London, EC21 V2NX Telephone: 020 8050 1504 Email: [email protected] Website: https://www.comparefixedratebonds.co.uk/ British Bonds Address: 2 Bankside London Website: www.british-bonds.org.uk First Claims Group Email: [email protected] Website: https://www.paydayclaimhelp.co.uk/ FCA…

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FCA bans sale of crypto-derivatives to retail consumers
June 19, 2020 BY Steffy Bogdanova

Mini-bond marketing ban to be made permanent in the UK

The mini-bond ban will apply to the most complex and opaque deals where the raised funds are lent to a third party, to buy or acquire investments or to buy or fund the construction of property. There are exemptions such as regularly traded listed bonds, companies which raise funds for their own commercial or industrial…

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cysec cif licence suspension
June 18, 2020 BY Steffy Bogdanova

CySEC suspends Daweda Exchange's CIF licence

With the withdrawal of the its licence, Daweda Exchange should not provide investment and ancillary services. The company should immediately delete all references in its websites of investment services and CySEC licence and return all funds and financial instruments to its clients. CySEC also found the executive members of the company’s board of directors, Hamed…

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HKEX plans to launch Sustainable and Green Exchange Hong Kong Exchanges and Clearing Limited (HKEX) announced its plans for launching the HKEX Sustainable and Green Exchange, ‘STAGE’. The new information platform will be a central hub for data and information on sustainable and green finance investments in Asia. The new HKEX exchange will promote the visibility, transparency and accessibility of sustainable and green finance across asset class and product type. On STAGE investors will have access to a comprehensive database of sustainable and green investment options, available on Hong Kong’s securities markets. The exchange will also act as a education and advocacy platform, promoting knowledge sharing and stakeholder engagement in sustainable finance. Grace Hui commented: “The launch of STAGE demonstrates HKEX’s strong commitment to sustainability. By encouraging issuers, investors, asset managers, market participants and advisors to play an active role in enhancing the sustainable and green finance ecosystem in Hong Kong and the region, we are in turn reinforcing the sustainability of our own market.” Grace Hui added: “Our goal is to help issuers raise awareness of their sustainable and green financial products, whilst also offering investors and asset managers easy access to information for their due diligence, selection and monitoring.” STAGE will accommodate an archive of information on sustainability, green and social bonds and ESG-related Exchange Traded Products listed on HKEX. Issuers with products in line with the international standards or principles and providing post-issuance reports annually can join STAGE without fees and display their products on the platform. The online archive will be launched later this year. HKEX will keep developing the platform in line with the evolving market landscape. Over time STAGE can expand its coverage with more asset classes and product types, including derivative products linked to relevant sustainability or environmental, social and governance indices, as well as other sustainable and green financial products. The region has seen significant growth of sustainable and green investment funding in recent years. Green bond issuances in Asia-Pacific increased to record levels in 2019, reaching US$18.89 billion, Mainland China’s green bond market alone accounted for US$8.13 billion. Hong Kong played an important part in this development. The increasing amount of green bonds arranged and issued in the local market hit US$26 billion by the end of 2019.
June 18, 2020 BY Steffy Bogdanova

HKEX plans to launch Sustainable and Green Exchange

STAGE will accommodate an archive of information on sustainability, green and social bonds and ESG-related Exchange Traded Products listed on HKEX. Issuers with products in line with the international standards or principles and providing post-issuance reports annually can join STAGE without fees and display their products on the platform. The online archive will be launched…

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