Category: Financial Services

DFSA
September 29, 2017 BY Valentina Kirilova

SEC charges Alexander Capital L.P. brokers defrauding customers

The Securities and Exchange Commission (SEC) announced that has charged three New York-based brokers with making unsuitable recommendations that resulted in substantial losses to customers and hefty commissions for the brokers. One of the brokers agreed to pay more than $400,000 to settle the charges. Brokers must make recommendations that are compatible with their customers’…

Read more
SFC fines
September 28, 2017 BY LeapRate Staff

Tillage Commodities LLC hit with $150,000 fine for supervision failures

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Connecticut-based Tillage Commodities, LLC, a Commodity Pool Operator (CPO), for failure to supervise its fund administrator’s operation of the commodity pool’s bank account containing pool participants’ funds. Tillage has been registered as a CPO with the CFTC since 2013,…

Read more
September 28, 2017 BY Valentina Kirilova

Eurex to launch BTP options

Extension of BTP product suite as of 2 October Eurex, the derivatives exchange and part of Deutsche Börse Group, announced that will introduce Options on Euro-BTP Futures as of 2 October 2017. This euro denominated product provides market participants with an efficient and cost-effective listed instrument that extends hedging opportunities in the Italian interest rate…

Read more
clone firm FCA warning
September 28, 2017 BY Valentina Kirilova

FCA warns against Atom8 Markets clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Atom8 Markets. 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…

Read more
September 28, 2017 BY Valentina Kirilova

Deutsche Börse announces strategic investment in Trifacta

Deutsche Börse Group announced that has invested into Trifacta, a global company, specialized in data wrangling. The Group acquired a minority stake; and the investment will be managed by its corporate venture capital arm, DB1 Ventures. Thomas Curran, Advisor Innovation & Technology to Deutsche Börse, will join the non-executive board as observer for Deutsche Börse.…

Read more
clone firm FCA warning
September 28, 2017 BY Valentina Kirilova

FCA warns against CAL Investments Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm CAL Investments 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…

Read more
SGX announces trading volumes
September 28, 2017 BY Valentina Kirilova

SGX welcomes APAC Realty Limited to Mainboard

Singapore Exchange (SGX) announced that today welcomed APAC Realty Limited to Mainboard under the stock code “CLN”. APAC Realty Limited is a real estate services provider that operates a market-leading real estate brokerage in Singapore under the ERA brand. With a track record of 35 years, ERA Realty is an industry pioneer and one of…

Read more
OpenMarkets ASIC license conditions
September 28, 2017 BY Valentina Kirilova

OpenMarkets Australia pays $200,000 infringement notice penalty

Australia financial regulator ASIC just announced that OpenMarkets Australia Limited has paid a penalty of $200,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP had reasonable grounds to believe that OpenMarkets, throughout various periods in 2015 and 2016, breached the market integrity rules in relation to…

Read more
ASIC office
September 28, 2017 BY Valentina Kirilova

ASIC provides guidance for initial coin offerings

ASIC has released guidance to help issuers of initial coin offerings (ICOs) consider their legal obligations when offering coins or tokens. ASIC Commissioner John Price said: We want to ensure innovative firms understand the regulatory framework they may be operating under and ensure they meet any obligations they may have when raising funds in Australia.…

Read more