The Disciplinary Committee of Nasdaq Stockholm has found that The Marketing Group PLC has breached the regulations of Nasdaq First North (“the Rule Book”) in several respects and, accordingly, has imposed a fine on The Marketing Group amounting to two annual fees, corresponding to an amount of SEK 595,546. The Disciplinary Committee finds that The…
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Sweden-based telecommunications provider Telia Company AB has agreed to pay $965 million in a global settlement with the Securities and Exchange Commission (SEC), U.S. Department of Justice, and Dutch and Swedish law enforcement to resolve charges related to violations of the Foreign Corrupt Practices Act (FCPA) to win business in Uzbekistan. According to the SEC’s…
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As Deutsche Börse AG continues to develop its Executive Board remuneration system, it is among other things introducing an upper limit (cap) for total remuneration. This was decided today by the Deutsche Börse AG Supervisory Board at its ordinary meeting. The central point of the changes is that the annual remuneration of the Executive Board,…
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The startup incubator who helped numerous Silicon Valley giants is now helping people invest in new businesses via the use of blockchain. According to Brad Jones from Futurism, Y Combinator is now searching for ways to expand its investment access and opportunities. The president of Y Combinator, Sam Altman, said that the process needs to…
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The American Depository Shares of BEST Inc., a Chinese supply chain technology firm, began trading today on the New York Stock Exchange (NYSE) under the ticker symbol “BSTI”. The company raised $450 million in gross proceeds and is the largest U.S. IPO of a Chinese firm year-to-date. GTS is the NYSE Designated Market Maker (DMM)…
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The Financial Services Agency of Japan (FSA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) today announced the completion of a framework for co-operation to promote innovation in financial services in Japan and ADGM. This Co-operation Framework recognises the global nature of innovation in financial services. It will enable FSA…
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EDGAR system data may have been used for “illicit gain through trading” SEC Chairman Jay Clayton has issued a statement highlighting the importance of cybersecurity to the agency and market participants, and detailing the agency’s approach to cybersecurity as an organization and as a regulatory body. The statement is part of an ongoing assessment of…
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Clearstream’s Investment Funds business notes strong growth in investment funds and ETFs due to increased customer demand / thought leaders will discuss future of the fund industry at Clearstream’s Annual Fund Summit on September 28 in Luxembourg The funds industry is back on track, after quite some time of reduced inflows into UCITS and alternative…
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OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that was set up in 2013 to provide clearing services for over-the-counter, or OTC, derivatives, welcomes BNP Paribas (BNP) as 17th clearing member and first member from France. We are pleased to welcome BNP as a member of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Rathbone Brothers. 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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