The Securities and Exchange Commission (SEC) announced the hedge fund advisory firm Visium Asset Management LP has agreed to settle charges related to asset mismarking and insider trading by its privately managed hedge funds and portfolio managers. Separately, the firm’s CFO agreed to settle charges that he failed to respond appropriately to red flags that…
Read moreUK 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 Victordebt Limited. Victordebt Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
Read moreUK 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 International Banking Investigation Group. International Banking Investigation Group is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read moreDerivatives marketplace CME Group Inc (NASDAQ:CME) has announced that the WTI Light Sweet Crude Oil futures open interest reached a record 2,695,178 contracts on Friday, May 4, surpassing the previous record of 2,691,028 contracts set on November 10, 2017. Market participants are using WTI futures and options in record numbers to manage risk amid ongoing…
Read moreUK 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 SafeInvest. SafeInvest is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Esther Salas of the U.S. District Court for the District of New Jersey has entered an Order of default judgment and permanent injunction against Alcibiades Cifuentes and Jennifer Wee Cifuentes, both of West New York, New Jersey, and their corporate entity, Cifuentes Fund Management, LLC. The Order,…
Read moreUK 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 Littinvest / Explatinum Ltd. Littinvest / Explatinum Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) announced that it plans to introduce MSCI All Country (AC) Asia ex Japan Net Total Return Index (MSCI AxJ) Futures, the first regional stock index futures contract for HKEX, on Monday, 11 June 2018, pending regulatory approval. HKEX’s MSCI AxJ Futures will be first futures contract traded on…
Read moreThe Dutch State Treasury Agency announced that it has decided to enable central clearing of euro denominated interest rate swaps via Eurex Clearing in Frankfurt for the State of the Netherlands. As Debt Management Office, the Dutch State Treasury Agency is exempt from the obligation to clear swaps through a Central Counterparty (CCP). However, the…
Read moreCanadian securities regulator the British Columbia Securities Commission (BCSC) just announced that it has become aware of a suspicious entity, Sterling and Ross Advisory S.A. (Sterling and Ross), which purports to have an office in the Cayman Islands. Sterling and Ross claims to specialize in forex and commodity trading solutions for retail investors around the…
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