Category: Financial Services

FCA warning
September 12, 2018 BY Valentina Kirilova

FCA warns against Taylor, Hodgson and Associates firm

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 Taylor, Hodgson and Associates. The Financial Markets Authority (FMA) has already issued a warning against the same company earlier this year. Taylor, Hodgson and Associates is…

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SFC fines
September 12, 2018 BY Valentina Kirilova

SEC charges ICO Superstore with operating as unregistered broker-dealer

The Securities and Exchange Commission (SEC) has announced that TokenLot LLC, a self-described “ICO Superstore,” and its owners will settle charges that they acted as unregistered broker-dealers. This is the SEC’s first case charging unregistered broker-dealers for selling digital tokens after the SEC issued The DAO Report in 2017 cautioning that those who offer and…

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ASIC office
September 12, 2018 BY Valentina Kirilova

ASIC approves Australian Financial Complaints Authority rules

The Australian Securities and Investments Commission (ASIC) has approved the Australian Financial Complaints Authority (AFCA) Complaint Resolution Scheme Rules and the Terms of Reference of the AFCA Independent Assessor (IA). ASIC is required to approve material changes to the AFCA scheme under the Corporations Act, 2001. This is a key part of ASIC’s role in…

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fca warning
September 11, 2018 BY Valentina Kirilova

FCA warns against Mace, Parry and Associates firm

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 Mace, Parry and Associates. The Financial Markets Authority (FMA) has issued a warning against the same company earlier this year. Mace, Parry and Associates is not…

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FINRA releases report on the rise of RegTech
September 11, 2018 BY Valentina Kirilova

FINRA releases report on the rise of RegTech

FINRA has released a white paper outlining recent regulatory technology (RegTech) developments within the securities industry and potential opportunities and implications these technologies may have for broker-dealers. The report follows an in-depth review conducted by FINRA on the emergence of RegTech tools within the securities industry and summarizes the study’s key findings. Notably, FINRA highlights…

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Cboe Global Markets
September 11, 2018 BY Valentina Kirilova

Cboe Global Markets launches IBHY futures

Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced the launch of Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index (IBHY) futures on Cboe Futures Exchange (CFE). The $8.8 trillion U.S. corporate bond market includes robust cash and exchange-traded fund (ETF) markets, but Cboe IBHY is now the only exchange-listed futures product linked to U.S.…

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TMX Group volumes report
September 11, 2018 BY Valentina Kirilova

TMX Group's total financings decrease 53% MoM in August

TMX Group Limited (TSX:X) has announced August 2018 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha) and Montréal Exchange (MX). TSX has welcomed six new issuers in August 2018, compared with seven in the previous month and three in August 2017. The new listings were six exchange…

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admiral markets etfs
September 11, 2018 BY Valentina Kirilova

Admiral Markets launches 177 new ETFs for MetaTrader 5

Estonia based Retail FX brokerage firm Admiral Markets Group AS has announced that it has expanded its MetaTrader 5 offering. Company clients can now have access to 177 new ETFs on the Admiral.Invest account. ETFs are investment funds traded in an exchange, much like stocks. Any ETF is an asset portfolio that tracks an index…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
September 11, 2018 BY Valentina Kirilova

SEC charges two brokers with fraud

The Securities and Exchange Commission (SEC) has informed the public that it has charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers. In separate complaints filed in federal court in Manhattan on Friday, the SEC alleges that Florida resident Emil Botvinnik and New York…

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