Category: Financial Services

clone firm FCA warning
October 12, 2017 BY Valentina Kirilova

FCA warns against Alliance Trust Savings Limited clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Alliance Trust Savings Limited. 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…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
October 12, 2017 BY Valentina Kirilova

Former executive chairman of Healthzone found guilty of fraud

Mr Peter David Roach, of Burradoo, NSW, has been found guilty of fraud and other related offences in the Sydney District Court, ASIC announced earlier today. Mr Roach was the former executive chairman and director of health food chain Healthzone Limited (currently under external administration). Following an ASIC investigation, Mr Roach was charged with conspiracy to…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
October 11, 2017 BY Valentina Kirilova

IOSCO analyzes other CRA products used to make investment and credit-related decisions

The Board of the International Organization of Securities Commissions (IOSCO) today published a report titled Other CRA Products (OCPs), which provides market participants with a better understanding of certain non-traditional products and services offered by credit rating agencies (CRAs). These non-traditional products may include, for example, private ratings, confidential ratings, expected ratings, indicative ratings, prospective…

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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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