Category: Financial Services

SFC fines
November 20, 2017 BY LeapRate Staff

ANZ and NAB fined $10 million each for 'unconscionable conduct' in setting of the Bank Bill Swap Rate

Australia financial regulator ASIC has announced that it has accepted enforceable undertakings from Australia and New Zealand Banking Group (ASX:ANZ), and National Australia Bank Ltd. (ASX:NAB), to address conduct relating to the Bank Bill Swap Rate (BBSW). Australia and New Zealand Banking Group (ANZ) and National Australia Bank (NAB) have today entered into enforceable undertakings (EUs) with ASIC…

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ICO fraud
November 18, 2017 BY LeapRate Staff

Gerard Suite and his company STA Opus LLC sanctioned and fined millions for investment fraud

The U.S. Commodity Futures Trading Commission (CFTC) obtained $1,127,855 in restitution for defrauded pool participants and $3,383,565 in civil monetary penalties in a federal court Default Judgment Order against Defendants Gerard Suite (who is known by numerous aliases, including Rawle Gerard Suite, Jerry Suite, and Jerry Snead) and his company, STA Opus NR LLC (STA Opus), as well as…

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clone firm FCA warning
November 17, 2017 BY Valentina Kirilova

FCA warns against MG Finance Consulting clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm MG Finance Consulting. 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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moex moscow exchange
November 17, 2017 BY Valentina Kirilova

MOEX releases October market report, ADV down 12% MoM

Moscow Exchange (MOEX) has just released its market report for the month of October. In securities market the trading volume of stocks totalled RUB 673 bln in October. The average daily trading volume was RUB 32 bln, down 12.3% MoM. The T+2 sector made up 99.7% of the total secondary market trading volume and the…

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STOXX Low Carbon products licensed to Italian bank IMI
November 17, 2017 BY Valentina Kirilova

iSTOXX Global Economic Growth Select 50 Index licensed to Citi

STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today introduced the iSTOXX Global Economic Growth Select 50 Index. It was licensed to Citi as an underlying for structured products. It is a complementary index to the iSTOXX Europe Economic Growth Select 50 which…

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ESMA ceases renewal of product intervention CFDs measures
November 17, 2017 BY Valentina Kirilova

ESMA consults on calculation of derivative positions

The European Securities and Markets Authority (ESMA) has today published for public consultation future guidelines on the calculation of derivative positions by trade repositories (TRs) authorised in the European Union under the European Market Infrastructure Regulation (EMIR). ESMA supervises the way TRs make data available to public authorities. That data should be of sufficient quality…

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Regulation
November 17, 2017 BY Valentina Kirilova

ASIC makes consolidated market integrity rules

ASIC has today made market integrity rules which consolidate 13 of the existing 14 rule books into four rule books to create a common set of rules for securities markets and a common set of rules for futures markets. The ASIC Market Integrity Rules (Securities Markets) 2017 (Securities Markets rules) set out obligations and prohibitions…

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SIX Swiss Exchange
November 17, 2017 BY Valentina Kirilova

Shares of poenina holdig AG start trading at SIX Swiss Exchange

The shares of poenina holdig AG („poenina“) were traded for the first time under the „Swiss Reporting Standard“ of SIX Swiss Exchange, opening at CHF 48.50. This corresponds to a total market capitalization of CHF 121.25 Mio. The issued share capital of poenina comprises 2,500,000 registered shares with a nominal value of CHF 0.10 per…

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titantrade binary options fraud
November 17, 2017 BY LeapRate Staff

ASIC takes further action in Allianz Metro and TitanTrade Binary Options fraud

Australia's financial regulator ASIC stated that it has sought final orders in ongoing Federal Court proceedings against a number of international and Australian companies and associated individuals that it alleges are involved in operating binary trading websites (titantrade.com and tradettn.com) and offering of binary trading services to Australian customers. In July 2016, ASIC previously successfully…

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