Deutsche Börse announced that it is expanding the historical building in the centre of Frankfurt – the location for the famous trading floor and the Frankfurt Chamber of Industry and Commerce are located – into an attractive contact point for the financial centre Frankfurt and the general public. The company will invest a total of…
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Mr Daniel Panrucker, formerly of Balmain New South Wales, but resident in the United Kingdom since January 2016, has entered into an Enforceable Undertaking (EU) with ASIC, that will see him and his deregistered company, Ava Securities Pty Ltd ("Ava Securities") banned from the financial services industry for ten years. Mr Panrucker is also prevented…
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The Financial Conduct Authority (FCA) has today published Decision Notices in respect of One Call Insurance Services Limited (One Call) and its Chief Executive and majority shareholder John Lawrence Radford. A connected company to One Call, One Insurance Limited (OIL), has made a reference to the Upper Tribunal (the Tribunal) as a third party in…
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Over the last two years, the regulatory framework and market structure changed significantly. Eurex, the derivatives marketplace, informed that it adapts its global structure to the new reality. To best serve its clients, reduce complexity and improve agility, the exchange will change its set-up in Switzerland and strengthen its offering in Asia. Eurex has decided…
Read moreThe Securities and Exchange Commission (SEC) Office of Minority and Women Inclusion (OMWI) today introduced its Diversity Assessment Report for Entities Regulated by the SEC. OMWI created the Diversity Assessment Report to complement the Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies (Joint Standards)…
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On January 25, 2018, the Ontario Court of Appeal announced that it has upheld the Ontario Securities Commission (OSC’s) Reasons for Decision on the Merits dated March 24, 2015 and its Reasons for Decision on Sanctions and Costs dated August 24, 2015 with respect to Howard Miller and Francis Cheng. The Court’s decision was the…
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Moscow Exchange (MOEX) announced its intention to adhere to the principles of the FX Global Code. The Code was developed through a partnership between central banks and market participants from 16 jurisdictions around the globe. The Code represents a set of principles generally recognised as good practice in the wholesale foreign exchange market. It covers…
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Israeli financial regulator the Israel Securities Authority (ISA) has come under scrutiny once again due to Binary Options, but this time from a different angle. After more than a year of public and media pressure for the ISA and its then-Chairman Shmuel Hauser to "do something" about the rash of Binary Options brokers based in…
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ASIC just announced that it has commenced proceedings for recovery of unpaid fines against Fast Access Finance Pty Ltd, Fast Access Finance (Beenleigh) Pty Ltd and Fast Access Finance (Burleigh Heads) Pty Ltd (the FAF Companies). In March 2017, the Federal Court fined the FAF Companies a total of $730,000, after finding in proceedings brought…
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The Financial Conduct Authority (FCA) informed that it has today imposed a financial penalty on Interactive Brokers (UK) (IBUK) in the amount of £1,049,412 for failings in its post-trade systems and controls for identifying and reporting suspicious transactions in the period February 2014 to February 2015 (“the Relevant Period”). IBUK is an online broker based…
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