Derivatives marketplace CME Group (NASDAQ:CME) and NEX Group plc (LON:NXG) have just announced that they have reached an agreement in which CME Group will acquire NEX in a transaction valued at £10 per share, consisting of 500 pence in cash and 0.0444 CME Group shares (based on CME’s closing share price of US$158.84 on March…
Read moreThe U.S. Securities and Exchange Commission (SEC) announced that Aegis Capital Corporation, a New York-based brokerage firm, has admitted that it failed to file Suspicious Activity Reports (SARs) on numerous suspicious transactions. Broker-dealers are required to file SARs for certain transactions suspected to involve fraudulent activity or have no business or apparent lawful purpose. The…
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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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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 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:…
Read moreThe 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 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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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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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, 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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