ASIC bans former director of Linchpin and Endeavour for 5 years LeapRate

November 27, 2019 BY Valentina Kirilova

ASIC bans former director of Linchpin and Endeavour for 5 years

Australian watchdog ASIC has announced yesterday that it has banned Paul Nielsen, a former director of Endeavour Securities (Australia) Ltd and Linchpin Capital Group Ltd, from providing any financial services for a period of five years. Earlier this year, the regulator obtained orders in the Federal Court against Linchpin and Endeavour for contravening multiple provisions…

LeapRate interview: Defense against toxic flow, Jeff Wilkins speaks

November 27, 2019 BY Valentina Kirilova

Forbes Study: 7 disruptive trends in banking and financial services in 2020

Banking and financial services have generally been viewed as a staid and conservative sector of the business community, but technology allows no one to escape the threats of competition armed with innovative and disruptive ideas, as evidenced by the emergence of fintech. Artificial Intelligence (AI) and blockchain, along with a host of other innovation trends,…

November 26, 2019 BY Valentina Kirilova

ESMA Chairman targets asset managers for adequacy of liquidity concerns

The Chairman of the European Securities and Markets Authority (ESMA), Steven Maijoor, has heightened concerns for liquidity risk within the asset management sector. He expressed his views at a recent speaking engagement by noting that, based on the shutting down of the Woodford fund in Great Britain, he believes that fund managers may be “flouting…

November 25, 2019 BY Valentina Kirilova

Former Joerik Financial Director convicted of furnishing false statement to the SGX-DT

Monetary Authority Of Singapore (MAS) has announced that Joseph Chai Ming Leong was earlier today convicted and sentenced to 4 weeks’ imprisonment for furnishing a false statement to Singapore Exchange Derivatives Trading Limited (SGX-DT). Chai was charged alongside Jimmy Ng Kian Bin and Erik Ng Song Hann to furnish a false statement to SGX-DT back…

November 25, 2019 BY Valentina Kirilova

Liberty Securities teams up with Broadridge to simplify post-trade processing for Hong Kong equities

Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) has just announced that it has been selected by Liberty Securities Limited to streamline its post-trade processing for Hong Kong-listed equities and derivatives. Liberty Securities is licensed by the Hong Kong SFC and is a participant of the Stock Exchange of Hong Kong. The company provides brokerage services…

November 22, 2019 BY Valentina Kirilova

UK FCA warns against InteliSure company

The UK Financial Conduct Authority (FCA) has put out details of another unregulated firm yesterday. The name of the latest addition to the regulator’s warning list is the company InteliSure. According to the regulator, this firm is not authorised by the FCA and is targeting people in the UK. Based upon information the regulator holds,…

November 22, 2019 BY Valentina Kirilova

CySEC withdraws AMFF Ltd’s CIF licence

The Cyprus regulator CySEC has announced that it has decided to withdraw the CIF licence of a company named AMFF Ltd. The Cyprus Securities and Exchange Commission announces that, on its meeting of 8th November 2019, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and…

November 21, 2019 BY Valentina Kirilova

UK FCA fines Henderson Investment Funds Limited £1,867,900

UK Financial Conduct Authority (FCA) has announced yesterday that it has fined Henderson Investment Funds Limited (HIFL) £1,867,900. The company failed to treat fairly more than 4,500 retail investors in two of its funds: Henderson Japan Enhanced Equity Fund and Henderson North American Enhanced Equity Fund (the Japan and North American Funds). Back in 2011,…

November 21, 2019 BY Valentina Kirilova

Regulated markets do not condone ‘flying’ or other ‘fake volume’ tactics

Global capital markets have come a long way in the past decade, another sign of the interconnectedness of all global markets in our modern commercial setting. Investors today think nothing of investing in overseas markets, when just ten years back, one would have to jump through hoops in order to find a broker with an…

November 20, 2019 BY Valentina Kirilova

MOEX signs MoU with China Foreign Exchange Trade System

Moscow Exchange (MOEX) has announced yesterday that it has signed a Memorandum of Understanding (MoU) with the China Foreign Exchange Trade System (CFETS). The MoU aims to unify the liquidity pools for trading in the RMB/RUB currency pair on the two platforms. A joint working group has already been set up to conduct research and…

Category: Financial Services