Category: Financial Services

sec building
December 05, 2017 BY Valentina Kirilova

Digital display advertising firm executives charged with bilking investors

The Securities and Exchange Commission (SEC) informed that it has today charged a Seattle-area outdoor digital signage advertising company and two of its senior executives with stealing more than $2 million from retail investors. According to the SEC’s complaint filed in U.S. District Court in Seattle, Digi Outdoor Media Inc.’s former chief executive officer, Donald…

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December 05, 2017 BY Valentina Kirilova

SIX Exchange Regulation is delisting Altin Ltd

Altin Ltd has announced, that all of its listed registered shares (Swiss Security Number 1’442’452/ ISINCH0014424524) with a nominal value of CHF 0.03 each will be delisted from SIX Swiss Exchange. SIX Exchange Regulation has granted the companies’ application on 4 December 2017. The decision with grounds regarding the delisting of Altin Ltd is available…

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ASEAN Exchanges
December 05, 2017 BY Valentina Kirilova

Borsa Italiana launches FTSE Italia PIR Mid Cap Futures

Borsa Italiana today announced that its Italian Derivatives Market (IDEM) has further extended its product range with the launch of FTSE Italia PIR Mid Cap Futures. The innovative products were launched in response to strong and growing demand from global trading firms and asset managers looking to access an efficient financial instrument for directional trading…

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ICO fraud
December 05, 2017 BY LeapRate Staff

Digital display advertising firm Digi Outdoor Media Inc. and executives charged with multi million dollar fraud

The U.S. Securities and Exchange Commission has announced charges against a Seattle-area outdoor digital signage advertising company and two of its senior executives, over the theft of more than $2 million from retail investors. According to the SEC’s complaint filed in U.S. District Court in Seattle, Digi Outdoor Media Inc.’s former chief executive officer Donald…

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CFTC rule enforcement
December 04, 2017 BY LeapRate Staff

CFTC issues recommendations to CBOT, CME, COMEX and NYMEX on rule enforcement

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) has issued the results of a rule enforcement review at the Chicago Board of Trade, Chicago Mercantile Exchange, Commodity Exchange, Inc. and New York Mercantile Exchange, Inc. that recommends the exchanges reviewed make certain improvements as noted below. The Division reviewed the Chicago Board…

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December 04, 2017 BY Valentina Kirilova

SEC emergency action halts ICO scam

The Securities and Exchange Commission (SEC) announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month. The SEC filed charges against a recidivist Quebec securities law…

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December 04, 2017 BY Valentina Kirilova

Xetra trading ready for MiFID II

Update for Deutsche Börse's T7 trading system / Regulatory requirements implemented As of today, Xetra trading announced that it is ready to meet the requirements of MiFID II, the European Markets in Financial Instruments Directive, which goes into effect at the beginning of 2018. Deutsche Börse's underlying T7 trading system was therefore updated to Release…

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fca warning
December 04, 2017 BY Valentina Kirilova

FCA warns against Pension Services firm

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 firm Pension Services. Pension Services 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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December 04, 2017 BY Valentina Kirilova

CySEC fines Bank of Cyprus and its former directors for accounting disclosure failures

The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a series of fines totaling €595,000 on Bank of Cyprus Public Company (the “Company”) and ten of its former directors - including its former Chief Financial Officer (together, the “directors”) - for individual and collective failings to make adequate provision for doubtful debts…

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