Category: Financial Services

November 01, 2017 BY Valentina Kirilova

HKEX adds long-dated contract months for Futures and Options

Hong Kong Exchanges and Clearing (HKEX) announced today (Wednesday) that it will introduce long-dated contract months for its Hang Seng Index (HSI) and Hang Seng China Enterprises Index (HSCEI) Futures and increase the long-dated contract months for its HSI and HSCEI Options, with maturities up to 5.5 years, on Monday, 4 December 2017. HSI Futures,…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
November 01, 2017 BY Valentina Kirilova

Millennium settles charges of illegal short selling in advance of stock offerings

Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings, the U.S. Securities and Exchange Commission (SEC) informed earlier. An SEC investigation found that Millennium violated an anti-manipulation provision of…

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clone firm FCA warning
November 01, 2017 BY Valentina Kirilova

FCA warns against Get My Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Get My Loans. 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…

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clone firm FCA warning
October 31, 2017 BY Valentina Kirilova

FCA warns against YF Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm YF Asset Management. 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…

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fca warning
October 31, 2017 BY Valentina Kirilova

FCA warns against Levine & Levine Law Specialists 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 Levine & Levine Law Specialists. Levine & Levine Law Specialists is not authorised by the FCA but has been targeting people in the UK and is…

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DFSA fines individual US$52,500
October 31, 2017 BY Valentina Kirilova

Dubai Financial Services Authority continues to develop its funds regime

The Dubai Financial Services Authority (DFSA) has today consulted on a comprehensive package of proposals to support the continued development of the growing funds industry in the Dubai International Financial Centre (DIFC).The proposals are wide-ranging and are designed to provide greater flexibility for investors and fund managers in the Centre. Ian Johnston, the Chief Executive…

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