Category: Financial Services

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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Top listings of NYSE and Nasdaq tradable on the global market of the Vienna Stock Exchange
October 10, 2017 BY Valentina Kirilova

European Lithium Limited starts trading on the Vienna Stock Exchange

The Australian company, European Lithium Limited, which operates a lithium mine in Wolfsberg, was added to trading on the Third Market of the Vienna Stock Exchange today. The stocks are traded during the single intra-day auction. Historically, the largest buyers of lithium are from the glass-making and ceramics industry according to the company. However, the…

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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports
October 10, 2017 BY Valentina Kirilova

ESMA updates list of recognised third-country CCPs

The European Securities and Markets Authority (ESMA) announced that has updated its list of recognised central counterparties (CCPs) based in third countries. Today’s update concerns: Indian Clearing Corporation Limited; National Securities Clearing Corporation Limited; and MCX-SX Clearing Corporation. The European Markets Infrastructure Regulation (EMIR) requires third-country CCPs to be recognised by ESMA in order to…

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australia apac
October 10, 2017 BY Valentina Kirilova

Client money reporting rules for FX brokers to take effect in Australia in April 2018

ASIC announced that it has released the finalised ASIC Client Money Reporting Rules 2017 (client money rules) which, from 4 April 2018, will impose record-keeping, reconciliation and reporting obligations on Australian financial services (AFS) licensees that hold 'derivative retail client money' within the meaning of the Corporations Act, unless the client money relates to a…

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