Category: Financial Services

warning
March 28, 2018 BY Valentina Kirilova

French AMF warns against the activities of unauthorised websites

The Autorité des Marchés Financiers (AMF) has published a list of new unauthorized websites offering atypical investments. Here is the list of new websites recently identified: https://www.investissement.strategie-business.com/ https://uniondelor.fr/ https://www.101-carats.com/ https://www.brookfield99.com/ A list of all unauthorized websites to offer atypical investments is available in the AMF’s website and Assurance Banque Épargne Info Service – ABE IS's website. These…

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FCA warning
March 28, 2018 BY Valentina Kirilova

FCA warns against Olsson Capital 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 Olsson Capital. Olsson Capital is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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Cboe ETF Marketplace Cboe Global Markets Inc. (Nasdaq: CBOE)
March 28, 2018 BY Valentina Kirilova

Cboe Vest launches its first Dividend Aristocrats ETF

Cboe Vest Financial LLC (Cboe Vest), a majority-owned asset management subsidiary of Cboe Global Markets, Inc., has informed that it has launched the Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF (KNG), its first ETF. KNG is index-based and seeks to track the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series (Symbol:…

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March 28, 2018 BY Valentina Kirilova

Maxwell Technologies charged in fraudulent scheme to inflate financial results

The Securities and Exchange Commission (SEC) has informed the public that it has charged a California-based energy storage and power delivery product manufacturer and one of its former sales executives in a fraudulent revenue recognition scheme designed to inflate the company’s reported financial results. According to the SEC’s order, Maxwell Technologies, Inc. prematurely recognized revenue…

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STOXX Low Carbon products licensed to Italian bank IMI
March 28, 2018 BY Valentina Kirilova

STOXX rolls out a new offering for high-speed solutions

STOXX Ltd., the operator of Deutsche Börse Group’s index business and a global provider of innovative and tradable index concepts, has announced that it is rolling out a new multi-dimensional offering for high-speed solutions. Firstly, it is opening up its established index calculation service to the wider market to address growing demand. Secondly, it is…

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clone firm FCA warning
March 28, 2018 BY Valentina Kirilova

FCA warns against Blue Insurance UK clone firm

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

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AMF issues impersonators scam warning
March 28, 2018 BY Valentina Kirilova

AMF shares analysis of the new tick size regime impact on the French market

Market depth, transaction cost, order lifespan, order-to-trade ratio: the Autorité des marchés financiers (AMF) informed that it has reviewed the initial effects of the European harmonised tick size regime resulting from the new MiFID II framework for markets in financial instruments. This very first reading indicates an overall improvement in market quality. European legislators introduced…

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Cboe Global Markets
March 28, 2018 BY Valentina Kirilova

Cboe Global Markets to launch Cboe Market Close (CMC)

Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced that it plans to launch Cboe Market Close (CMC) on the company’s BZX Exchange on Monday, August 20, 2018, contingent upon the Securities and Exchange Commission (SEC) reaffirming the staff’s initial approval. The creation of CMC, an alternative mechanism to primary market closing auctions that take place…

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pump and dump scheme
March 28, 2018 BY LeapRate Staff

Wedbush Securities hit with SEC charges for employee’s long-running pump-and-dump fraud

The U.S. Securities and Exchange Commission announced charges against Wedbush Securities Inc. for failing to supervise employee Timary Delorme after the broker-dealer ignored numerous red flags indicating that Delorme was involved in a long-running pump-and-dump scheme targeting retail investors. Delorme agreed to settle fraud charges stemming from the same scheme. This is the second SEC…

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clone firm FCA warning
March 27, 2018 BY Valentina Kirilova

FCA warns against Credit Extra Cash clone firm

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

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