The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has published the findings of its latest review of listed issuers' corporate governance practices. The review involved analysing the disclosures made by 1,428 issuers (approximately 72 per cent of all issuers listed as at 31…
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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 Loan 4 Help. Loan 4 Help is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Initial price: €30.00 / Investors take advantage of subscription on the exchange Voltabox AG (ISIN: DE000A2E4LE9) was listed in the Prime Standard of the Frankfurt Stock Exchange, Deutsche Börse announced. A total of around 22 million shares were admitted to trading. The initial listing price was €30.00. The issue's lead managers and designated sponsors for…
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ASIC just announced that has accepted an enforceable undertaking (EU) from Sentinel Private Wealth Pty Ltd (SPW) after ASIC found SPW was giving poor financial advice and that client file audits were inadequate. Under the EU, SPW will engage an independent expert to assess, make recommendations and report on SPW's audit framework. The independent expert's…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Way to Finance. 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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SIX Swiss Exchange has announced that it has selected UnaVista, the approved reporting mechanism for MiFID and MiFID II from the London Stock Exchange Group Plc (LON:LSE), as its partner for transaction reporting for remote participants. SIX Swiss Exchange will partner with LSEG to establish a link to their UnaVista service to facilitate transaction reporting for…
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The Securities and Exchange Commission (SEC) announced that it has charged two lawyers it alleges helped facilitate a microcap fraud scheme involving undisclosed “blank check” companies secretly bound for reverse mergers. In complaints filed in the U.S. District Court for the Southern District of Florida, the SEC alleges that James M. Schneider of Hillsboro Beach,…
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Cyprus financial regulator CySEC has announced that it has withdrawn the suspension of the CIF license granted to Binary Options broker Optionrally Financial Services Ltd. The reasons given by CySEC for suspending the company's license in the first place involved issues involving protection of clients’ funds, the company’s own funds, and the company’s capital adequacy…
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The UK Financial Conduct Authority (FCA) announced that it has banned Mrs Colette Chiesa and Mr John Chiesa from working in financial services for integrity failings. Additionally, Mrs Chiesa has been fined £50,000 for attempting to mislead the FCA during an FCA interview. Mr and Mrs Chiesa were founding partners of Westwood Independent Financial Planners…
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The Commodity Futures Trading Commission (CFTC) has announced the filing of a Complaint on October 2, 2017, in the U.S. District Court for the Central District of California. The CFTC Complaint, filed under seal, charges Defendants Scott Allensworth (d/b/a Capital Growth Group Associates and Cobra Development Group LLP), of Newhall, California; his California company E-Slate,…
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