Category: Financial Services

SGX announces trading volumes
October 11, 2017 BY Valentina Kirilova

SGX welcomes IREDA’s inaugural Green Masala bond listing

Singapore Exchange (SGX) announced that has welcomed the inaugural Green rupee-denominated or Masala bond listing of Indian Renewable Energy Development Agency Limited (IREDA), a Public Limited Government Company that provides financial support for renewable energy projects in India. IREDA was established in 1987 as a Non-Banking Financial Institution, and is a Mini Ratna (Category –…

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First stablecoin to launch on Bitcoin Cash
October 11, 2017 BY Valentina Kirilova

Singapore Diamond Investment Exchange to list Diamond Bullion

The Singapore Diamond Mint Company (SDM) has announced the launch of the Diamond Bullion™, a new investment product designed to bolster investment in diamonds as an asset class by providing a standardised, liquid, and exchange-listed format for diamond trading. The Diamond Bullion is a credit card-sized package of investment-grade diamonds in a tamper-resistant sintered zirconia…

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DFSA
October 11, 2017 BY Valentina Kirilova

Bellamy's pays penalty for alleged continuous disclosure breach

ASX-listed company Bellamy's Australia Limited (Bellamy's) has paid a penalty of $66,000 after ASIC issued an infringement notice for an alleged failure by Bellamy's to comply with its continuous disclosure obligations. The infringement notice was issued following an investigation into matters arising from an announcement on 2 December 2016 by Bellamy's to the ASX stating…

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SFC fines
October 10, 2017 BY LeapRate Staff

Arab Global Commodities DMCC fined in the US for copper futures Spoofing

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Arab Global Commodities DMCC (AGC), a proprietary trading firm headquartered in Dubai with several trading offices in India, for engaging in the disruptive trading practice of “spoofing” in the copper futures contract traded on the Commodity Exchange, Inc. (COMEX) between March…

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DFSA
October 10, 2017 BY LeapRate Staff

Grace Reisinger and ROF Consulting hit with $2 million judgment for Commodities Fraud

The U.S. Commodity Futures Trading Commission (CFTC) has announced that the Honorable Joan B. Gottschall of the U.S. District Court for the Northern District of Illinois entered a Final Judgment and Order against Grace Elizabeth Reisinger of Grand Island, Nebraska and her company ROF Consulting, LLC (ROF) for operating a fraudulent commodity pool scheme. The Order, entered on October…

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fma warning
October 10, 2017 BY Valentina Kirilova

Italy regulator CONSOB warns against Tradelux Group Ltd firm

The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) has reported that the company Tradelux Group Ltd is not authorised to provide investment services and activities in Italy by any means and, therefore, including through the website www.optionint.com. The CONSOB is the public authority responsible…

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Abu Dhabi Securities Exchange launches its new digital platform Sahmi
October 10, 2017 BY Valentina Kirilova

ADX develops innovative digital services as part of a seamless investor experience

Abu Dhabi Securities Exchange (ADX) has unveiled its latest digital services as part of its participation in the Abu Dhabi Digital Government stand, during GITEX Technology Week 2017. The showcase featured a wide range of innovative digital services, all of which have been custom designed to improve investors’ transactions and trading activities. ADX’s showcase highlighted…

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Regulation
October 10, 2017 BY Valentina Kirilova

ASIC restricts iBosses from using reduced fundraising documents

ASIC announced that has made a determination that iBosses Corporation Limited cannot use exemptions for reduced disclosure in fundraising documents for 12 months. ASIC made the determination after iBosses failed to lodge an audited financial report with ASIC for the year ended 31 March 2017 within the three month deadline. At the date of this…

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fca warning
October 10, 2017 BY Valentina Kirilova

FCA warns against CTI Group Advisors 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 CTI Group Advisors. CTI Group Advisors is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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