FCA to improve competition in the investment platform market LeapRate

July 16, 2018 BY Valentina Kirilova

FCA to improve competition in the investment platform market

Competition is working well for most consumers using investment platforms, according to interim findings of the Financial Conduct Authority (FCA)'s market study into investment platforms, published today. However, the FCA's interim findings reveal concerns about how platforms compete for particular groups of consumers. Given the rapid growth in this market, the FCA has proposed measures…

July 13, 2018 BY Valentina Kirilova

Barclays and Deutsche Bank's former bankers convicted of fraud in EURIBOR manipulation case

Two former senior bankers have been convicted for manipulating the Euro Interbank Offered Rate (EURIBOR) at the height of the financial crisis following an investigation and prosecution brought by the Serious Fraud Office. Phillipe Moryoussef, formerly of Barclays Bank, was found guilty on 29th June 2018 by a jury. The conviction follows a guilty plea…

FINRA's 2018 volume tops 2017 activity by 87%

July 13, 2018 BY Valentina Kirilova

FINRA handles record volume of market activity through 1H 2018

The Financial Industry Regulatory Authority (FINRA) has informed the public that it has processed an unprecedented amount of market activity through the first six months of 2018, averaging a record 57.9 billion electronic records per day during the period — a 62% increase over the average daily volume in 2017. FINRA’s pioneering cloud strategy has…

July 13, 2018 BY Valentina Kirilova

FCA warns against LS Traders 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 LS Traders. LS Traders is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

July 13, 2018 BY Valentina Kirilova

SFC standardises rules for prescribing professional investors

The Hong Kong Securities and Futures Commission (SFC) announced that amendments to the Securities and Futures (Professional Investor) Rules (PI Rules) have come into operation today. The categories of professional investors have been expanded to include holding companies which wholly own another corporation which is itself a qualified professional investor. Directors of holding companies should…

July 13, 2018 BY Valentina Kirilova

Belize regulator IFSC warns against Sigma market

Belize financial regulator IFSC has issued a Warning Notice regarding a company called Sigma market, operating via website www.sigma-market.com. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule…

July 13, 2018 BY Valentina Kirilova

FCA warns against Spot2Trade Ltd 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 Spot2Trade Ltd. Spot2Trade Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

July 12, 2018 BY Valentina Kirilova

FCA warns against London Option Exchange

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 London Option Exchange. London Option Exchange is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

July 12, 2018 BY Valentina Kirilova

New Zealand FMA warns against Skyway Capital and Skyway Group

The Financial Markets Authority (FMA) has just issued a warning against the company Skyway Capital/Skyway Group. Skyway Capital/Skyway Group Trading name: Skyway Capital Address: 10 Great Russell Street, London, United Kingdom WC18 3BQ. Phone: +7(495)419 04 56 Reason for warning: It has been brought to the attention of FMA that Skyway Capital and its associates…

July 12, 2018 BY Valentina Kirilova

Ugandan Capital Markets Authority teams up with CISI

The Ugandan Capital Markets Authority (CMA) has announced the Chartered Institute for Securities & Investment (CISI) as one of its key partners in ensuring its practitioners are qualified to global best practice standards. The CMA, which is the regulator for the Ugandan capital markets sector, launched the “certification and competency” announcement to the market at…

Category: Financial Services