Court declares in favour of Securities Commission Malaysia in Axis insider trading case LeapRate

November 27, 2017 BY Valentina Kirilova

Court declares in favour of Securities Commission Malaysia in Axis insider trading case

Securities Commission Malaysia (SC) informed that it has obtained from the High Court a judgment against three defendants for insider trading involving the shares of Axis Incorporation Bhd (Axis). Koh Tee Jin, a former director of Axis, was declared to have breached section 188 (3)(a) of the Capital Markets and Services Act 2007 (CMSA) when…

November 27, 2017 BY Valentina Kirilova

Former executive chairman of Healthzone sentenced to 4 years for fraud

Former Healthzone Limited director, Mr Peter David Roach, was sentenced on Friday 24 November in the Sydney District Court to 4 years and 3 months imprisonment for fraud and related offences, ASIC announced earlier today. The sentencing comes after Mr Roach was found guilty on 12 October 2017 of conspiracy to dishonestly obtain a $1…

November 27, 2017 BY Valentina Kirilova

New Zealand's FMA publishes first peer-to-peer and crowdfunding statistical returns

The Financial Markets Authority (FMA) has just published its first statistical report on peer-to-peer lending and crowdfunding in New Zealand. The data shows $259.9 million is currently loaned to individuals and $29.5 million loaned to businesses through peer-to-peer lending in the year ending 30 June 2017. A total of $74.2 million was raised from investors…

November 27, 2017 BY Valentina Kirilova

NEX Regulatory Reporting approved by ESMA as a trade repository under EMIR

NEX Regulatory Reporting, a NEX Group (LON:NXG) business which provides regulatory reporting services across global regulatory regimes, has announced that NEX Abide Trade Repository AB has received approval from the European Securities and Markets Authority (ESMA) for its Swedish-based trade repository under the European Market Infrastructure Regulation (EMIR). The approval will allow NEX Regulatory Reporting…

November 27, 2017 BY Valentina Kirilova

SGX welcomes MindChamps PreSchool Limited to Mainboard

Singapore Exchange (SGX) informed that has welcomed MindChamps PreSchool Limited to Mainboard under the stock code “CNE”. MindChamps PreSchool Limited is the largest operator and franchisor of premium range preschool centres in Singapore. It has six company-owned-company-operated preschool centres, 30 franchisee-owned-franchisee-operated (FOFO) preschool centres and eight FOFO reading and writing centres in Singapore. The company…

November 27, 2017 BY Valentina Kirilova

FCA warns against DuetInvest clone firm

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

November 27, 2017 BY Valentina Kirilova

HKMA and SFC issue joint reviews on managing conflicts of interest in financial groups

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have issued a circular highlighting observations from their recent joint thematic reviews on the potential conflicts of interest arising from the sale of in-house products by registered institutions and licensed corporations within a single financial group. The reviews mainly focused on internal…

November 25, 2017 BY Valentina Kirilova

TMX Group provides update regarding regulatory engagement

TMX Group (TSX:X), owner and operator of CDS, Canada's equities and fixed income clearing house, has today provided an update on the engagement with the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial securities regulators, regarding the clearing of securities of issuers with marijuana-related activities in the U.S. Details can be…

November 24, 2017 BY LeapRate Staff

OSC denied in attempt to shut down equities trading platform Omega Securities ahead of hearing

Canadian financial regulator The Ontario Securities Commission (OSC) has denied a request by its own staff to suspend activities of Omega Securities Inc., ahead of a final hearing on whether or not Omega has been afoul of Canadian securities law. Omega Securities is the operator of two lit marketplaces: Omega ATS and Lynx ATS. These…

November 24, 2017 BY LeapRate Staff

Foster Stockbroking called out by ASIC for IPO conflict of interest

Australia financial regulator ASIC has announced that it has accepted an enforceable undertaking from Foster Stockbroking Pty Limited (FSB) over the stockbroker's capital markets and research businesses, following an ASIC investigation into conflicts of interest. FSB is an Australian financial services licensee based in Sydney that provides investment banking and traditional stockbroking (including research) services…

Category: Financial Services