MOEX confirms compliance with IOSCO Principles for Financial Benchmarks LeapRate

April 04, 2018 BY Valentina Kirilova

MOEX confirms compliance with IOSCO Principles for Financial Benchmarks

Moscow Exchange (MOEX) announced that it has successfully completed an annual assurance review of MOEX indices’ compliance with the Principles for Financial Benchmarks published by the International Organization of Securities Commissions (IOSCO). The review was performed on MOEX’s equity and bond indices, benchmark fixings including the MOEX USD/RUB FX Fixing, pension fund indices as well…

April 04, 2018 BY Valentina Kirilova

Deutsche Börse cash markets' trading volume up 33% YoY in 1Q

Deutsche Börse has announced that its cash markets have achieved a turnover of €165.1 billion in March (2017: €135.7 billion). In the first quarter of 2018, the trading volume was €480.1 billion – an increase of around 33 percent compared with the first three months in 2017 with €361.5 billion. Of the €165.1 billion, €152.2…

April 03, 2018 BY Valentina Kirilova

FCA warns against Castlebrook Properties clone firm

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

April 03, 2018 BY Valentina Kirilova

ESMA continues to focus on convergence in enforcement of IFRS across the EU

The European Securities and Markets Authority (ESMA) has published its 2017 annual report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU). In 2017 ESMA and European Enforcers continued to engage in regular supervisory convergence activities on IFRS. Moreover, considering the new standards IFRS 9 Financial Instruments and IFRS 15…

April 03, 2018 BY Valentina Kirilova

ASIC charges former chair of G8 Education Limited

The Australian Securities and Investments Commission (ASIC) has informed the public that, following its earlier investigation, Ms Jennifer Joan Hutson, 50, of Red Hill in Queensland, has appeared before the Brisbane Magistrates’ Court on 3 April 2018 charged with: one count of dishonestly failing to exercise her powers and discharge her duties as a director…

April 03, 2018 BY Valentina Kirilova

Bursa Malaysia enhances the regulatory framework for listed collective investment scheme

Bursa Malaysia Securities Berhad (Bursa Malaysia or the Exchange) has announced that it has made enhancements to the regulatory framework for listed collective investment scheme (CIS) and business trust under the Main Market Listing Requirements (Main LR). The CIS includes the Real Estate Investment Trusts (REITs), Exchange Traded Funds (ETFs) and Closed-End Funds (CEFs). The…

April 03, 2018 BY LeapRate Staff

Michael Liberty statement: 'dismayed' at 'groundless' SEC fraud charges

We have received a formal statement from legal representatives of Michael Liberty, in response to SEC charges announced yesterday against Michael Liberty of a $48 million investor fraud. Jay Dubow, Esq. Pepper Hamilton LLP Philadelphia, PA 215-981-4713 [email protected] April 2, 2018 Reference: SEC Case 2:18-cv-00139-DBH Filed 3/30/2018 US District Court, District of Maine STATEMENT ON…

April 02, 2018 BY LeapRate Staff

Mozido founder Michael Liberty charged with $48 million fraud

The U.S. Securities and Exchange Commission (SEC) has announced that it has charged Michael Liberty, the founder of the fintech startup now known as Mozido Inc., with a scheme to trick hundreds of investors into investing in his shell companies instead of Mozido. According to the SEC, Michael Liberty and his accomplices allegedly stole most…

April 02, 2018 BY Valentina Kirilova

Mauritius FSC releases publication of FSC Policy Research Series

The Financial Services Commission, Mauritius (FSC) has just announced the publication of the third study of its Policy Research series. The study is entitled “The State and Future of Social Impact Investments in Mauritius”. The study provides the building blocks of the social investment market in Mauritius, namely by analysing the main actors on the…

April 02, 2018 BY Valentina Kirilova

Spain regulator CNMV warns against two unregistered entities

The National Securities Market Commission (CNMV) has just published the following list of warnings reported on unregistered entities: MEDIA GC LIMITED (TRADEGC), MEDIAGCLTD.COM/ES MEDIA CLIENT SERVICE, S.L. For more details on the warnings, you can visit the CNMV website to view any existing warnings on unauthorized entities and other warnings. In addition, there is a search engine available at the…

Category: Financial Services