The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Karel Besta / KB Financial Solutions. 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…
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The former head of Barclays Capital Inc.’s New York foreign exchange trading operation was charged yesterday in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as “front-running.” The charges relate to the manipulation of foreign exchange options in advance of an exceptionally…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Leucadia National Corp. (NYSE:LUK) is planning a take a charge to earnings in the neighborhood of $450-500 million when it reports its fourth quarter 2017 results. The culprit? The newly-passed US Tax Cuts and Jobs Act. On December 22, 2017, the Tax Cuts and Jobs Act was…
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ASIC just informed that it has accepted a voluntary variation of the Australian financial services (AFS) license of HLB Mann Judd Corporate Finance Pty Ltd, excluding the firm from providing advice as an independent expert. This means that HLB Mann Judd cannot prepare or provide independent expert reports (IERs), opinions or valuations in connection with…
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EEX Group continued to build upon its growth path in 2017, recording significant increases in trading volumes on the natural gas, emissions and agricultural markets. Volumes also increased on the power spot markets while the power derivatives markets showed a year-on year decrease. While the power market was driven by major regulatory uncertainty in 2017,…
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The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from Breakaway Finance Group Pty Ltd (Breakaway) to cancel their Australian Financial Services (AFS) license. The EU also includes Breakaway's sole director, Mr Mark Roberts, who will remove himself from the industry for at least two years. Following an ASIC surveillance into…
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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 Skyblue Capital. Skyblue 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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Metamako, the provider of intelligent, FPGA-enabled network platforms, announced that it is providing its technology to Deutsche Börse Group. The exchange is using the company’s network devices to increase the accuracy, speed and precision of data capture, network monitoring and timestamping of its co-location network. Every trade is now monitored by a Metamako device, making…
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The Securities Commission Malaysia (SC) informed that it has today charged a 67-year-old man for defrauding Koperasi Pelaburan Pekerja-Pekerja Proton Bhd (KOPRO) of its investments of RM350,000 for the purchase of securities between August 2007 and November 2008. Ismail Basir was also alleged to have represented to KOPRO that he was a remisier, when in…
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Following the debut launch of Daily Leverage Certificates (DLCs) in July 2017, Singapore Exchange (SGX) announced that it will welcome an expanded suite of DLCs to be issued by Societe Generale with 7x leverage. The six new DLCs issued by Societe Generale offer seven times long or short exposure to the daily returns of the…
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