Category: Financial Services

First Republic Bank joins S&P 500 index, replaces Scana Corporation
July 05, 2018 BY Valentina Kirilova

Solactive launches Climate and Energy Transition Index

Solactive has just informed the public of the launch of the Climate and Energy Transition Index, an index tracking the performance of companies that show the best commitment to energy transition in their sectors while exhibiting low volatility and high dividend yield characteristics. The index is based on a methodology developed by Natixis in collaboration…

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Blackwell Global Hong Kong joins SGX as derivatives trading member
July 05, 2018 BY Valentina Kirilova

Blackwell Global Hong Kong joins SGX as derivatives trading member

Blackwell Global Hong Kong has just announced its admittance as a member of the Singapore Exchange Derivatives Trading (SGX-DT). Global clients will gain direct access to the Asian derivatives market through the SGX Asian Gateway. As the subsidiary of Blackwell Global Hong Kong, Blackwell Global Futures’ membership of the SGX-DT allows the brokerage to offer…

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fca warning clone firm
July 05, 2018 BY Valentina Kirilova

FCA warns against Southampton Trust clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Southampton Trust. 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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UN report says North Korea laundered $2 billion theft via Hong Kong firm
July 05, 2018 BY Valentina Kirilova

New Zealand FMA charges false financial adviser with fraud

Garry James Patterson has been sentenced to 200 hours’ community work and 3 months’ community detention at the Christchurch District Court after pleading guilty to two charges brought by the Financial Markets Authority (FMA). Mr Patterson, 63, who is originally from Queenstown but has also been based in Christchurch, held out he was in the…

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ASIC requires compliance with restrictions on use of ‘independent’
July 05, 2018 BY Valentina Kirilova

ASIC requires compliance with restrictions on use of ‘independent’

Australian regulator ASIC has announced that it is continuing to monitor the financial advice industry’s use of restricted terms ‘independent’ and ‘independently owned’, taking steps to intervene when it identifies concerns. Following surveillance of industry websites, ASIC has required four financial advice companies to cease and amend false claims of independence that could mislead consumers.…

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clone firm FCA warning
July 04, 2018 BY Valentina Kirilova

FCA warns against Besla Investments clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Besla Investments. 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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CySEC
July 04, 2018 BY Valentina Kirilova

CySEC announces lapse of authorisation license of V.M.L Venture Management Ltd

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 31st May 2018, the Company Providing Administrative Services V.M.L Venture Management Ltd (the ‘Company’), waived its authorisation pursuant to section 16(2) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Therefore, the Company’s authorisation with…

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fca warning clone firm
July 04, 2018 BY Valentina Kirilova

FCA warns against FastUKLoan clone firm

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

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dgcx
July 04, 2018 BY Valentina Kirilova

DGCX teams up with Standard Chartered Bank to expand collateral basket

The Dubai Gold and Commodities Exchange (DGCX) and its Central Counter Party (CCP) subsidiary, Dubai Commodities Clearing Corporation (DCCC), have announced that clearing members can now deliver eligible global securities as collateral. To underpin the expansion of the collateral basket, Standard Chartered Bank will provide Custody Management Services on this additional form of collateral and…

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