Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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Euronext, the pan-European exchange in the Eurozone, has announced that it has raised its commitment to 50.6% of Oslo Børs VPS Holding ASA (Oslo Børs VPS) shares in the context of the tender offer to be launched. The exchange has first informed the public last week that it has raised its commitment to 49.6% (pre-commitments from…
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UK financial regulator Financial Conduct Authority (FCA) has just announced that has started an investigation into the affairs of London Capital & Finance Plc (LCF). The regulator has already directed LCF to withdraw all of its existing marketing materials in relation to its Fixed Rate ISA or Bond. The complete FCA decision can be seen below: The…
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First Republic Bank (NYSE:FRC) is going to replace SCANA Corporation (NYSE:SCG) in the S&P 500 index, as announced on Spindices.com website earlier. S&P 500 constituent Dominion Energy (NYSE:D) is acquiring SCANA Corporation in a deal expected to be completed soon pending final conditions. The replacement is expected to happen prior to the open of trading on…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company McIntyre Capital Group. McIntyre Capital Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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OTC Markets Group Inc. (OTCQX: OTCM) has announced that has just added White River Bancshares Company (OTCQX: WRIV), the holding company for Signature Bank of Arkansas, to trade on the OTCQX® Best Market. White River Bancshares Company begins trading today on OTCQX under the symbol "WRIV." We are pleased to welcome White River Bancshares Company…
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FINRA, a not-for-profit organization dedicated to investor protection and market integrity, has announced that it has fined Morgan Stanley Smith Barney LLC $10 million for anti-money laundering (AML) program and supervisory failures that spanned a period of more than five years. Susan Schroeder, FINRA Executive Vice President, Department of Enforcement, commented on the news: As…
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The Hong Kong Securities and Futures Commission (SFC) has informed the public that it has fined Ardon Maroon Fund Management (Hong Kong) Limited (Ardon Maroon) (now known as China Silver Asset Management (Hong Kong) Limited) $800,000 for cross-trade related failures in managing the Ardon Maroon Asia Master Fund (AM Fund). The complete announcement can be…
Read moreThe Securities and Exchange Commission (SEC) has announced that it has charged JPMorgan Chase Bank N.A. with improper handling of “pre-released” American Depositary Receipts (ADRs). The financial services company has agreed to pay more than $135 million to settle the charges. The official announcement reads as follows: ADRs – U.S. securities that represent foreign shares…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Pro X Finance. Pro X Finance is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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