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 Capital City Holdings. Capital City Holdings is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
Read moreEuronext has just announced the listing of microprocessor specialist Kalray, France’s largest IPO since 2012 on its Euronext Growth market. Founded in 2008, Kalray designed and developed MPPA® (Massively Parallel Processor Array), a unique microprocessor architecture that expands real-time computing power exponentially while keeping energy consumption very low. The company is a spin-off of CEA,…
Read moreAn ASIC review has found that while registered liquidators are mostly doing the right thing when complying with their lodgement and publication obligations, there is room for improvement. The review looked at around 26,000 insolvency administrations over a 3-year period to June 2017 and tested how registered liquidators complied with their obligations. ASIC found that…
Read moreRSRCHXchange, the marketplace and aggregator for institutional research, has just released headlines from the results of their latest survey on research unbundling which came into effect on January 3rd 2018 across Europe as part of MiFID II. The survey was conducted in Q2 2018 by polling company Survation, who canvassed the views of 418 respondents…
Read moreThe Securities and Exchange Commission (SEC) announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch agreed to repay more than $10.5 million to its customers and to pay penalties of approximately…
Read moreGlobal exchange revenues totaled a record $30.7 billion in 2017, increasing by 8.1% as resurgent trading, clearing and settlement revenue supported industry growth according to Burton-Taylor International Consulting (a division of TP ICAP’s Data & Analytics group) in a report published today. London Stock Exchange Group (LSE) and Hong Kong Exchanges and Clearing (HKEX) drive…
Read moreThe Hong Kong Securities and Futures Commission (SFC) announced that it has reprimanded Mr Lau Ki Fung, a former account executive of KGI Asia Limited (KGI), and fined him $80,000 for failing to keep proper records of order instructions from clients. The SFC found that between 29 July 2015 and 10 August 2015, Lau received…
Read moreThe board of directors of the Tel-Aviv Stock Exchange (TASE) announced that they have approved (June 7th, 2018) the launch of a new corporate bonds index – the “Tel Bond-Dollar Index”. The index will consist of dollar-linked corporate bonds listed on TASE. Following the launch of the new index, TASE will be calculating 29 Tel…
Read moreCappitech, a leading provider of automated regulatory reporting technology for the financial services industry, has announced that it has secured $4 million in series A financing. The financing round was led by venture capital firm 83North (formerly Greylock Israel) with participation from Rony Grushka (pictured above) and Kevin Gould, co-founders of Markit. As part of…
Read moreThe Shenzhen Stock Exchange (SZSE) has informed that the 9th tranche of China Railway Construction Bond (the Railway Bond) shall be listed and traded both in the interbank market and stock exchanges. Successfully issued on June 6, the Railway Bond shall be listed in SZSE on June 11. The bond was offered with a 5-year…
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