The Securities and Exchange Commission (SEC) informed that it has charged a purported hedge fund manager in New York City with a brazen offering and investment adviser fraud thereby putting an end to an ongoing scheme. The SEC alleges that, since at least 2014, Nicholas Joseph Genovese and his hedge fund Willow Creek Investments LP…
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Ms Lorraine Bullock of Croydon, Victoria has pleaded guilty to dishonestly using her position as a director to fraudulently remove company property, ASIC announced earlier. Ms Bullock, a former director of Twently12 Pty Ltd operated a liquor store in Healesville, Victoria. An ASIC investigation found that soon after the appointment of the liquidator to the…
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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 Cordell Groves. Cordell Groves 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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Singapore Exchange (SGX) announced that it has welcomed the listing of Kakao Corp. Global Depository Receipt (GDR) by introduction on its Mainboard. The shares underlying Kakao Corp. GDR are listed on the Korea Stock Exchange. Kakao Corp., with an estimated market capitalisation of US$8.8 billion, is a leading mobile lifestyle platform company in South Korea.…
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The SME board companies informed that they have proactively optimized industrial structure, strengthened independent innovation and consolidated upstream and downstream industry chains in 2017, with solid performance delivered. The forecast of corporate performance as of 31 January 2018 indicates that 901 SMEs are expected to realize 287-million to 355-million-yuan average net profit attributable to the…
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The Ontario Securities Commission (OSC) announced today that Marc and Helene Brunet of Chesterville, Ontario, have been charged with fraud and related offences under the Securities Act (Ontario) following a lengthy investigation by the OSC’s Joint Serious Offences Team (JSOT). Mr. Brunet and Mrs. Brunet have both been charged with the following offences under the…
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Belize financial regulator IFSC just announced that Alabron Capital Corp. with its registered office at Mile 3, George Price Highway, Belize City Belize, C.A., has been voluntarily dissolved, pursuant to section 102 (6) (B) of the International Business Companies Act, Chapter 270 of the Substantive Laws of Belize, Revised Edition 2011, as of 22 November…
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Theresa May today announced the launch of R5-SHCH Connect, a new service which links banks in China with London's foreign exchange (FX) market. Part of the Belt and Road financial infrastructure initiative, this represents a significant progression towards closer financial market activity between the two nations. Mrs May announced that the service was live whilst…
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The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Deutsche Bank Securities Inc. (DBSI) for attempted manipulation of the ISDAFIX benchmark and requiring DBSI to pay a $70 million civil monetary penalty. The CFTC Order finds that over a five-year period, beginning in at least January 2007 and continuing…
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The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), announces that with effect from 9 February (Friday), 44 additional securities will be eligible for short selling and 26 existing designated securities will be removed from the list. The total number of designated securities for short selling…
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