The Securities and Futures Commission (SFC) announced that it has banned Mr Chan Wai Nun, a former investment counsellor of DBS Bank (Hong Kong) Limited (DBSHK), from re-entering the industry for six months from 19 January 2018 to 18 July 2018 for transferring client data out of DBSHK prior to his departure from DBSHK to…
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The Nova Scotia Securities Commission (NSSC) informed that it is making it easier for investors to find out if those “latest and greatest” investment opportunities are potentially scams. The commission has a new Investor Alert Database on its website. Investor alerts are published by the Commission to warn of unlawful investment raising schemes that the…
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The Commodity Futures Trading Commission (CFTC) nformed that it has filed a federal civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Patrick K. McDonnell, of Staten Island, New York, and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), a New York corporation, charging them with fraud and…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm EJS Gesrion D’actifs / EJS Placements Financiers. 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…
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The Taiwan Futures Exchange (TAIFEX) announced that it has just launched two new FX futures contracts – GBP/USD Futures and AUD/USD Futures. The addition of the two new futures contracts is the next step in TAIFEX’ strategy to rapidly expand its FX product line, which it began building in 2015 with the introduction of RMB…
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The Securities and Futures Commission (SFC) informed that it has today launched a three-month consultation on proposed amendments to the Codes on Takeovers and Mergers and Share Buy-backs (Codes). Key proposals enhance investor protection by increasing the voting approval threshold for whitewash waivers to 75% of independent shareholders and empowering the Takeovers Panel to require…
Read moreHSBC Holdings plc (NYSE:HSBC) announced that it has entered into a three-year deferred prosecution agreement with the US Department of Justice (DoJ) to resolve the DoJ’s investigation into HSBC’s historical foreign exchange sales and trading activities within its Global Markets business. Under the agreement, HSBC will pay a total of US$101.5m, including a US$63.1m fine…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado, and his company The Entrepreneurs Headquarters Limited, a UK-registered company. The CFTC Complaint charges Dean and The Entrepreneurs Headquarters with engaging in…
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Mr Andrew Ferguson, the former Chief Executive Officer of abalone farmer, Australian Bight Abalone (ABA), was today found guilty on 17 counts related to providing false or misleading information to the ABA Board of Directors and prospective investors following a jury trial in the District Court of South Australia. Following an ASIC investigation, Mr Ferguson…
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The Investment Industry Regulatory Organization of Canada (IIROC) today published its annual Compliance Priorities Report, highlighting the past year's compliance and registration achievements and areas of focus for the year ahead. IIROC protects investors and the integrity of Canadian markets by setting and upholding high regulatory standards," says Victoria Pinnington, Senior Vice-President, Market Regulation and…
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