Category: Financial Services

fca warning clone firm
August 28, 2018 BY Valentina Kirilova

FCA warns against TVT Partners clone firm

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

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clsnet
August 28, 2018 BY Valentina Kirilova

Deutsche Börse Group expands partnership with HQLAx by acquiring minority stake

Deutsche Börse strengthens commitment to new technologies in the post-trade sector / Significant progress in creating innovative blockchain solution to tackle fragmentation of securities lending market Deutsche Börse Group has announced that it has just made an initial investment of a single-digit euro million amount in HQLAx S.à r.l. in exchange for a minority shareholding.…

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sec charges
August 28, 2018 BY Valentina Kirilova

Transamerica entities to pay $97 Million to investors

The Securities and Exchange Commission (SEC) has announced charges against four Transamerica entities for misconduct involving faulty investment models and ordered the entities to refund $97 million to misled retail investors. According to the SEC’s order, investors put billions of dollars into mutual funds and strategies using the faulty models developed by investment adviser AEGON…

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SFC fines
August 28, 2018 BY Valentina Kirilova

Legg Mason Inc. fined over $34 million by SEC

The Securities and Exchange Commission (SEC) has announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials. According to the SEC’s order, between 2004 and 2010, a former Legg Mason asset management…

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SGX announces trading volumes
August 27, 2018 BY Valentina Kirilova

Nikko AM SGD Investment Grade Corporate Bond ETF listed on SGX

Singapore Exchange (SGX) has welcomed the listing of Nikko AM SGD Investment Grade Corporate Bond ETF, the first exchange-traded fund (ETF) that offers investors easy access to a basket of Singapore Dollar-denominated, investment grade corporate bonds in affordable units. This ETF is launched by Nikko Asset Management (Nikko AM), one of the largest ETF managers…

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Cboe Global Markets
August 27, 2018 BY Valentina Kirilova

Cboe to launch U.S. High Yield Corporate Bond Index futures trading

Cboe Global Markets, Inc. (Nasdaq:CBOE) has announced that Cboe Futures Exchange (CFE), plans to offer trading in Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index (IBHY) futures beginning September 10, 2018, pending regulatory review. The $8.5 trillion U.S. corporate bond market includes robust cash and exchange-traded fund (ETF) markets, however, there is currently no…

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sfc bans
August 27, 2018 BY Valentina Kirilova

Hong Kong SFC bans individual for a year

The Hong Kong Securities and Futures Commission (SFC) has announced that it has banned Ms Fonia Kwok Lai Kwan from re-entering the industry for 12 months from 25 August 2018 to 24 August 2019 following her conviction for unlicensed asset management. The Eastern Magistrates’ Court found that between 2009 and 2015, Kwok, who was the…

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