Category: Financial Services

December 22, 2017 BY Valentina Kirilova

Cboe Global Markets recognized as designated listing exchange in Japan for U.S. Equities

Cboe Global Markets, Inc. (Nasdaq: CBOE) today announced the Japanese Financial Services Authority (JFSA) has added Cboe Global Markets – U.S. Equities to the regulator's list of Designated Foreign Financial Instrument Exchanges. Cboe's recognition by the JFSA eases regulations related to disclosures for retail investors and certain discretionary accounts, a change that is expected to…

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Euronext buys Irish Stock Exchange (ISE)
December 22, 2017 BY Valentina Kirilova

Mexican telecommunications company AXTEL lists $500m notes on GEM

Mexican telecommunications company, AXTEL, lists for the first time on the Global Exchange Market (GEM) of the Irish Stock Exchange (ISE) with issuance of US$500m notes. The notes, with a 6.375% interest rate, have a maturity date of November 2024. AXTEL offers both Information and Communications Technology (ICT) solutions to corporate, mid to large-sized businesses,…

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clone firm FCA warning
December 22, 2017 BY Valentina Kirilova

FCA warns against GalaFX Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm GalaFX Ltd. 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 to…

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visa bank card
December 22, 2017 BY Mariela Naydenova

Alpari suspends withdrawals via Visa bank cards until February

Alpari Group, a well-known binary options, foreign exchange, precious metals, and CFD broker, has suspended withdrawals via Visa bank cards until February, 2018. The financial brokerage company issued a statement on their website saying the following: "Dear clients, Please be informed that due to technical difficulties, withdrawals in USD and EUR through Visa bank cards are unavailable…

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clone firm FCA warning
December 22, 2017 BY Valentina Kirilova

FCA warns against Templar Settlement Services SL clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Templar Settlement Services SL. 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…

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clone firm FCA warning
December 22, 2017 BY Valentina Kirilova

FCA warns against Swish Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Swish Loans. 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 to…

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December 22, 2017 BY Valentina Kirilova

OSC adopts final rule for distributions outside Canada

The Ontario Securities Commission (OSC) announced that has adopted OSC Rule 72-503 - Distributions Outside Canada, including Form 72-503F Report of Distributions Outside Canada and Companion Policy 72-503 Distributions Outside Canada. A consequential amendment to OSC Rule 11-501 Electronic Delivery of Documents To The Ontario Securities Commission has also been adopted. The Final Rule adoption…

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Woodbridge Group of Companies LLC and former owner Robert H. Shapiro fined $1 billion
December 21, 2017 BY LeapRate Staff

Robert H. Shapiro and Woodbridge Group charged in $1.2 billion Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) has announced charges and an asset freeze against a group of unregistered funds and their owner who allegedly bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme. SEC investigators filed this action to prevent further dissipation of investor assets after obtaining court orders in September and November in subpoena enforcement actions that forced…

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clone firm FCA warning
December 21, 2017 BY Valentina Kirilova

FCA warns against Loan Oak clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loan Oak. 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 to…

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