Category: Financial Services

NZX Carbon Fund (CO2)
March 09, 2018 BY Valentina Kirilova

NZX to progress strategic alliances with global exchanges

NZX has provided to the public a further update on its refreshed strategy and delivery plans, announcing its intention to progress strategic alliances with global exchanges in order to increase its connectivity and global scale. The exchange completed a comprehensive review of its business in 2017. This resulted in a fundamental reset of its organisation…

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clone firm FCA warning
March 09, 2018 BY Valentina Kirilova

FCA warns against Cinven clone firm

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

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repay SEC charges
March 09, 2018 BY Valentina Kirilova

Voya Holdings Inc. advisers to repay clients $3.6 million

The Securities and Exchange Commission (SEC) has announced that it has charged two investment adviser subsidiaries of Voya Holdings Inc. with failing to disclose conflicts of interest and making misleading disclosures in connection with their practice of recalling securities on loan so their affiliates could receive tax benefits. The advisers agreed to pay approximately $3.6…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
March 09, 2018 BY Valentina Kirilova

Oil-and-gas company Americrude Inc. charged for fraud

The Securities and Exchange Commission (SEC) has informed the public that it has charged a Dallas-based oil-and-gas company and two of its executives with defrauding investors out of at least $950,000 through a string of fraudulent oil-and-gas securities offerings. The SEC’s complaint, which was filed yesterday in federal court in the Northern District of Texas,…

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clone firm FCA warning
March 09, 2018 BY Valentina Kirilova

FCA warns against TCV & Partners clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm TCV & Partners. 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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SFC fines
March 08, 2018 BY Valentina Kirilova

Merrill Lynch fined $1.25 million for failures in the unregistered sales of securities

The Securities and Exchange Commission (SEC) has announced settled charges against Merrill Lynch, Pierce, Fenner & Smith Inc. company for its failure to perform required gatekeeping functions in the unregistered sales of securities on behalf of a China-based issuer and its affiliates. The SEC’s order found that Merrill Lynch sold almost three million shares of…

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TMX Group volumes report
March 08, 2018 BY Valentina Kirilova

TMX Group releases steady financing activity in February

TMX Group (TSX:X) has announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for February 2018. TSX welcomed 10 new issuers in February 2018, compared with 15 in the previous month and 12 in February 2017. The new listings included nine exchange traded funds and one clean technology company. Total financings raised…

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Deutsche Börse
March 08, 2018 BY Valentina Kirilova

Deutsche Börse announces a change in the Scale 30 index

On Wednesday, Deutsche Börse has reported a regular change to its Scale 30 index. Due to the higher 12 months order book turnover the shares of Daldrup & Söhne AG will replace the shares of Ringmetall AG. The change will become effective on 19 March 2018. The next scheduled index review for Deutsche Börse selection…

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