Category: Financial Services

April 18, 2018 BY Valentina Kirilova

ASIC bans former Suncorp Financial Services financial adviser

ASIC has announced that it has banned Queensland financial adviser Gerald Grubwinkler from providing financial services for four years. ASIC found that Mr Grubwinkler failed to act in his clients' best interests when providing advice on superannuation and insurance. Specifically, ASIC found that Mr Grubwinkler had failed to: adequately identify the subject matter and scope…

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April 17, 2018 BY Valentina Kirilova

Growth in Americas helps derivatives market offset declines in EMEA & Asia-Pacific

The World Federation of Exchanges (WFE), the global industry group for exchanges and central counterparties (CCPs), has just published its annual WFE IOMA Derivatives Market Report (.pdf file) today, which shows the total volume of derivatives traded in 2017 declined by 0.2%. ​Stock markets worldwide and the global economy ended 2017 on a strong note. Benchmark…

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April 17, 2018 BY Valentina Kirilova

ASIC charges former financial adviser charged with dishonesty

Following an ASIC investigation, former financial adviser Mr Trevor William Martin, has today been charged with twenty-one counts of dishonestly obtaining client funds and five counts of using false documents to obtain a financial advantage under the NSW Crimes Act. ASIC alleges that on twenty-one occasions between 1 June 2011 to April 2015 Mr Martin,…

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April 17, 2018 BY Valentina Kirilova

Cboe SEF launches two new NDF currency pairs

Cboe Global Markets, Inc. (Nasdaq: CBOE) has just announced that its swap execution facility, Cboe SEF, has launched trading of U.S. Dollar (USD)/ Russian Ruble (RUB) and USD/Peruvian Sol (PEN) non-deliverable foreign exchange forward currency pairs. Bryan Harkins, Executive Vice President and Co-Head, Markets Division, at Cboe, said: We have seen success in trading non-deliverable…

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April 17, 2018 BY Valentina Kirilova

FCA warns against Bluestone Asset Management (Europe) S.A. 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 Bluestone Asset Management (Europe) S.A. Bluestone Asset Management (Europe) S.A. is not authorised by the FCA but has been targeting people in the UK and is…

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April 17, 2018 BY LeapRate Staff

Binary options and crypto CEO Blake Kantor arrested, faces 20 years in jail for fraud

The US Department of Justice has announced that a three-count indictment was unsealed yesterday (see below) in federal court in charging Blake Kantor, also known as “Bill Gordon,” with conspiracy to commit wire fraud, obstruction of an official proceeding and making false statements to Special Agents of the FBI. Kantor was arrested by federal authorities yesterday and…

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April 16, 2018 BY Valentina Kirilova

Nasdaq sells its Public Relations Solutions and Digital Media Services businesses to West Corporation

Nasdaq, Inc. (Nasdaq:NDAQ) has today announced the successful completion of the sale of its Public Relations Solutions and Digital Media Services businesses to West Corporation (“West”), a technology-enabled services company, for approximately $335 million. Through a multi-year partnership with West, Nasdaq has confirmed that it will continue to provide eligible Nasdaq-listed clients with seamless access…

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April 16, 2018 BY Valentina Kirilova

HKEX deploys Nasdaq SMARTS Market Surveillance’s latest machine learning

Nasdaq Inc. (Nasdaq:NDAQ) has announced that Hong Kong Exchanges and Clearing Limited (HKEX) is the first exchange customer in Asia to successfully deploy Nasdaq SMARTS Market Surveillance’s latest machine learning and participant relationship discovery technology across its equity market, enhancing its capabilities to safeguard market integrity, and better protect investors. Nasdaq has worked closely with…

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