Category: Financial Services

sec
November 21, 2018 BY Valentina Kirilova

ASC adds a whistleblower program to its enforcement toolbox

The Alberta Securities Commission (ASC) has announced the creation of its whistleblower program and the Office of the Whistleblower (OWB) through the adoption of ASC Policy 15-602 Whistleblower Program and accompanying amendments to the Securities Act (Alberta) (contained within Bill 20). The program allows whistleblowers to safely and easily report potential breaches of Alberta securities…

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cysec cif licence suspension
November 21, 2018 BY Valentina Kirilova

CySEC warns against ECN Capital unauthorized website

The Cyprus Securities and Exchange Commission (CySEC) has informed investors that the website www.ecncapital.com (ECN Capital) does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017. In the above mentioned website,…

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First Republic Bank joins S&P 500 index, replaces Scana Corporation
November 21, 2018 BY Valentina Kirilova

STOXX introduces ESG-X version of STOXX Europe 600 index

STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has announced that it has launched the STOXX® Europe 600 ESG-X Index. The index was developed based on feedback of asset owners, in order to accommodate their need for a version of Europe’s key benchmark…

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SFC fines
November 21, 2018 BY Valentina Kirilova

ASIC fines Dampier Finance Australia Limited $240,000

Sydney-based company Dampier Finance Australia Limited, who holds an Australian Financial Services license (AFSL), has been fined $240,000 for failing to lodge its company annual reports and financial statements with ASIC. On 13 November 2018, Dampier Finance Australia was found guilty in the Downing Centre Local Court of failing to submit annual financial reports with…

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cysec license suspended
November 21, 2018 BY Valentina Kirilova

CySEC suspends PCM Advisers LTD CIF license

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors that it has suspended PCM Advisers LTD’s CIF license. The complete text of the regulator’s decision can be seen below: CYSEC Decision Announcement date: 20.11.2018 CySEC Decision date: 20.11.2018 Regarding: PCM Advisers LTD Legislation: The Investment Services and Activities and Regulated Markets Law Subject:…

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WFE launches new website & members’ portal
November 20, 2018 BY Valentina Kirilova

WFE launches new website & members’ portal

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has announced that it has launched a new website and members’ portal as part of its ongoing transformation programme, using digital communications as a key element of its engagement with industry stakeholders and its membership base. The new website, designed and…

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fca warning clone firm
November 20, 2018 BY Valentina Kirilova

FCA warns against World Techno Trade clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm World Techno Trade. 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…

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SFC fines
November 20, 2018 BY Valentina Kirilova

UBS Securities Australia Limited fined $120,000

Australian regulator ASIC has announced earlier today that UBS Securities Australia Limited (UBS) has paid a penalty totalling $120,000 to comply with an infringement notice given by the Markets Disciplinary Panel (the MDP). The MDP had reasonable grounds to believe that UBS contravened Rule 3.3.1(b) of the ASIC Market Integrity Rules (ASX Market) 2010. The…

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