US Department of Justice compensates victims of Bernard Madoff fraud scheme LeapRate

November 10, 2017 BY Valentina Kirilova

US Department of Justice compensates victims of Bernard Madoff fraud scheme

The Department of Justice today announced that on November 9, the Madoff Victim Fund (MVF) began its initial distribution of $772.5 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme. These funds will be sent to 24,631 victims across the globe. This distribution…

Cboe ETF Marketplace Cboe Global Markets Inc. (Nasdaq: CBOE)

November 10, 2017 BY Valentina Kirilova

Cboe welcomes new iShares Fund to ETF Marketplace

Cboe Global Markets, Inc. (Nasdaq: CBOE), one of the world’s largest exchange holding companies, today welcomed a new iShares fund to the Cboe ETF Marketplace. The iShares U.S. Dividend and Buyback ETF (Cboe: DIVB) seeks to track the investment results of the Morningstar® US Dividend and Buyback IndexSM (the “Underlying Index”). The Underlying Index is…

November 10, 2017 BY Valentina Kirilova

Capita Financial Managers pays up to £66 million to Connaught Income Fund investors

The Financial Conduct Authority (FCA) has today announced that Capita Financial Managers Limited (CFM) has been publicly censured and will pay up to £66 million to those investors who suffered loss as a result of investing in the Guaranteed Low Risk Income Fund, Series 1 (or as it became later known, the Connaught Income Fund,…

November 10, 2017 BY Valentina Kirilova

Taiwan traders get access to Japan FX and Equity Futures at Click 365

Tokyo Financial Exchange (TFX) just announced that its FX Daily Futures Click 365 and Equity Index Daily Futures Click Kabu 365 are recognized by the Financial Supervisory Commission of Taiwan (FSC) as "eligible foreign futures" for Taiwanese investors. This recognition enables Taiwanese investors to trade "Click 365" and "Click Kabu 365". TFX informed that will…

November 10, 2017 BY Valentina Kirilova

FINRA bars broker for defrauding elderly, blind customer

The Financial Industry Regulatory Authority (FINRA) announced that a FINRA extended hearing panel barred broker Hank Mark Werner of Northport, New York, for fraudulently churning and excessively trading the accounts of his customer –a blind, elderly widow –and for making unsuitable recommendations. The hearing panel also ordered Werner to pay more than $155,000 in restitution…

November 09, 2017 BY Valentina Kirilova

SGX welcomes Keppel-KBS US REIT to mainboard

Singapore Exchange (SGX) informed that it has today welcomed Keppel-KBS US REIT to Mainboard under the stock code “CMOU”. Keppel-KBS US REIT is a Singapore real estate investment trust with an initial portfolio of 11 income-producing commercial assets in seven cities across the US. The REIT Manager is jointly owned by Keppel Capital, the asset…

November 09, 2017 BY Valentina Kirilova

Samsung launches the first Russell 2000 ETF in Korea

FTSE Russell, the global index and data provider, announced the licensing of the Russell 2000® Index to Samsung Asset Management Company Limited as the basis of the first ETF in Korea to allow investors to gain exposure to the US small cap segment. The Samsung KODEX US Russell 2000 ETF (H) listed on Korea Exchange…

November 09, 2017 BY Valentina Kirilova

Court of Appeal upholds SFC’s case of insider dealing and fraud against solicitors

The Court of Appeal has today upheld the decision of the Court of First Instance (CFI) which had ruled in favour of an insider dealing and fraud case brought by the Hong Kong Securities and Futures Commission (SFC) against two solicitors – Ms Betty Young Bik Fung and Mr Eric Lee Kwok Wa – and…

IOSCO issues statement on liquidity risk management recommendations for investment funds

November 09, 2017 BY Valentina Kirilova

IOSCO on implementation of G20/FSB recommendations to strengthen securities markets

The Board of the International Organization of Securities Commissions (IOSCO) has published a report on the implementation of the G20/FSB post-crisis recommendations aimed at strengthening securities markets. The Implementation Report: G20/FSB Recommendations related to Securities Markets was prepared by IOSCO’s Assessment Committee and is designed to provide further clarity on the recommendations and the role…

November 09, 2017 BY Valentina Kirilova

HKFE announces margin rates for Iron Ore futures

Hong Kong Futures Exchange Limited (HKFE), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has announced margin rates for the TSI Iron Ore Fines 62% Fe CFR China Futures (Iron Ore Futures) that will begin trading on HKEX on Monday, 13 November 2017. The Client Margin table below shows the minimum margins…

Category: Financial Services