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 EasyPro Loans. EasyPro Loans 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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The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action on January 12, 2018, in the U.S. District Court for the Northern District of Illinois, charging Defendants Richard D. Carter of Mundelein, Illinois, Mark R. Slobodnik of Libertyville, Illinois, and their company Blue Guru Trading, LLC (Blue Guru), a Delaware limited…
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Solactive announced that it is adding three new indices to its family of high yield corporate bond indices, which have been developed as the basis for three new Xtrackers ETFs issued this week and trading on the NYSE. The three indices are the Solactive USD High Yield Corporates Total Market 0-5 Year Index (SOLHYCST), the…
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The Federal Court of Australia informed that it has made interim orders restraining Financial Circle Pty Ltd (Financial Circle) from engaging in a number of activities including carrying on a financial services business, providing financial advice or entering into credit contracts. ASIC commenced proceedings in the Federal Court against Financial Circle on 15 December 2017…
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The volume of listed corporate bonds on Nasdaq’s Nordic markets grew to another all-time high during 2017. At the end of the year, the total value of listed corporate bonds on the Nasdaq Nordic main markets was 74 billion EUR, representing an increase of 9,6% compared to 2016. We are excited to note a continued,…
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The Australian Financial Markets Association (AFMA) has launched a Public Register for Statements of Commitment to the FX Global Code (the Code) by participants in the wholesale Australian foreign exchange market. The AFMA Register is supported by ACI Australia. AFMA and ACI Australia are currently accepting Statements of Commitment from market participants for uploading to…
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ASIC announced that it has permanently banned Mr Robert Pryor Smith, of West Lakes, South Australia from providing financial services on the basis that he is not of good fame or character. Mr Smith was an authorised representative for Futuro Financial Services Pty Ltd (Futuro) from 10 October 2008 to 12 September 2017. Mr Smith…
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The Commodity Futures Trading Commission (CFTC) has recently approved NFA's amendments to NFA Compliance Rules 2-36 and 2-43. The amendments apply to forex dealer members (FDM) and will be effective on April 5, 2018. Required disclosures to be made on a per-trade basis The amendments to NFA Compliance Rule 2-36 provide retail forex customers with…
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Tadawul, the Saudi Stock Exchange, today announced a series of significant measures to improve market access and efficiency, enhance liquidity, bolster investor security, mitigate risk and further align market practices with global best practices. Newly announced measures include: Updating the Independent Custody Model (ICM) to enhance Qualified Foreign Investor access to the market by providing…
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There were 705 new listings on The International Stock Exchange (TISE) during 2017. This represents an increase of 203 (40%) on the previous year and took the total number of listed securities on the Exchange to 2,511 at the end of December. Growth areas for new listings last year included debt products, such as high…
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