Nasdaq to acquire Swedish financial technology provider Cinnober LeapRate

September 14, 2018 BY Valentina Kirilova

Nasdaq to acquire Swedish financial technology provider Cinnober

Nasdaq (Nasdaq:NDAQ), the global provider of trading, clearing, exchange technology, listing, information and public company services, has announced that it has made an USD 190m all cash recommended public offer to the shareholders and warrant holders of Cinnober (Nasdaq First North: CINN), a major Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s…

September 14, 2018 BY Valentina Kirilova

GP Bullhound becomes new partner of Deutsche Börse Venture Network

Startups gain better access to later stage financing With a new collaboration, the more than 160 startups from Deutsche Börse Venture Network will get better access to growth financing: global technology advisory and investment firm GP Bullhound is joining the network. Companies in the later stage growth phase in particular will benefit from this. GP…

September 14, 2018 BY Valentina Kirilova

FCA warns against Capital NCL clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Capital NCL. 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…

September 14, 2018 BY Valentina Kirilova

Cowen Execution Services fined $2.75 million for providing deficient blue sheet data

The Securities and Exchange Commission (SEC) has announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading information known as “blue sheet data.” According to the SEC’s order, for nearly four years…

September 14, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of Ouroboros Derivatives Trading Ltd

Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that it has decided to withdraw the CIF license of a company called Ouroboros Derivatives Trading Ltd. The complete text of the regulator's decision can be seen below: Announcement date: 13.09.2018 CySEC Decision date: 03.09.2018 Regarding: Ouroboros Derivatives Trading Ltd Legislation: The Investment Services…

September 13, 2018 BY Valentina Kirilova

FCA warns against Bradshaw Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bradshaw Asset Management. 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…

September 13, 2018 BY Valentina Kirilova

FCA warns against www.forex.com.vn

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 www.forex.com.vn. The FCA believes this firm has been providing financial services or products in the UK without its authorisation. This firm is not authorised by the FCA and…

September 13, 2018 BY Valentina Kirilova

SEC uses data analysis to detect cherry-picking by broker

The Securities and Exchange Commission (SEC) has announced that it has charged a New Jersey-based broker with misusing his access to customers’ brokerage accounts to enrich himself and family members at the expense of his customers, many of whom had entrusted him with their retirement accounts. The SEC uncovered the alleged fraud with data analysis…

September 13, 2018 BY Valentina Kirilova

FCA warns against Bestinvest clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bestinvest. 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 scam…

September 13, 2018 BY Valentina Kirilova

AAT upholds ASIC banning of former Westpac adviser

The Administrative Appeals Tribunal (AAT) has informed the public that it has upheld the decision of ASIC to ban former Perth financial adviser Mr Jason Sean Atkins from providing financial services for three years. Mr Atkins provided advice to clients to establish a self-managed superannuation fund (SMSF) and use limited recourse borrowing arrangements to fund…

Category: Financial Services