Category: Financial Services

cysec license suspended
October 11, 2017 BY Valentina Kirilova

CySEC suspends CIF licence of Concorde Investments (Cyprus) Ltd

Cyprus financial regulator CySEC has announced that, following a decision in the meeting dated 25.09.2017, the authorisation of the Cyprus Investment Firm Concorde Investments (Cyprus) Ltd (‘the Company’), number 189/13, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (‘the Law’), as there…

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October 11, 2017 BY Valentina Kirilova

The Disruption House announces new Capital Markets Cluster model

The Disruption House (TDH) just announced the availability of three Capital Markets Clusters. These are the first in a series of domain specific models, created to pinpoint key business areas their 18 partner financial firms are focusing upon as part of their overall transformation initiatives. The first Capital Markets Clusters include; Client Servicing, Legal &…

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sfc bans
October 11, 2017 BY Valentina Kirilova

SFC bans a former investment consultant of CICC for four months

The Hong Kong Securities and Futures Commission (SFC) announced that has prohibited Mr Xu Tao, a former investment consultant of China International Capital Corporation Hong Kong Securities Limited (CICC), from re-entering the industry for four months from 11 October 2017 to 10 February 2018 (Xu was licensed under the Securities and Futures Ordinance to carry…

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fma warning
October 11, 2017 BY Valentina Kirilova

New Zealand's FMA files insider trading charges

The Financial Markets Authority (FMA) announced that has filed criminal charges against an individual in the Auckland District Court alleging insider trading in contravention of the Securities Markets Act 1988. The charges relate to trading in shares of VMob Group Limited, which now trades as Plexure Group Limited (NZX: PLX). The individual was formerly engaged…

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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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