Singapore Exchange (SGX) announced the launch of SGX Iron Ore Futures Indices, a suite of inverse and leveraged indices calculated off the SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures. This is the first series of SGX commodity-based indices to be used as benchmark for tradable products and they will be licensed…
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The U.S. NFA has ordered Chicago, Illinois based introducing broker Kingsview Futures LLC to pay a $50,000 fine. The decision, issued by an NFA Hearing Panel, is based on a complaint authorized by NFA's Business Conduct Committee (BCC) and a settlement offer submitted by Kingsview Futures. The Hearing Panel found that Kingsview Futures failed to diligently…
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The Commission de Surveillance du Secteur Financier (CSSF) has issued a warning of the activities of an entity named DBL Asset Management S.A. The company is operating at website: www.dbl-am.org and claims to be established at 11 rue René Weimerskirch, 2713 Luxembourg. The CSSF informed the public that DBL Asset Management S.A. is unknown to…
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The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today published the conclusions to their joint consultation on proposed enhancements to the Exchange's decision-making and governance structure for listing regulation. After carefully considering market feedback, the SFC and…
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Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company, and a leading market for exchange-traded product (ETP) trading globally, today welcomed two new iShares fixed income funds to the Bats ETF Marketplace. The iShares 5-10 Year Investment Grade Corporate Bond ETF (Bats: MLQD), and iShares 10+ Year Investment Grade Corporate Bond ETF (Bats: LLQD), complete the iShares…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Beaufort Securities. 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 to…
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The Securities and Exchange Commission (SEC) announced that has charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1 million in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares of the same funds were available. SunTrust Investment Services has agreed to pay…
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Mr Michael Davie, of Keilor East, Victoria, has appeared in the Melbourne Magistrates Court and pleaded guilty to three charges of making false or misleading statements in documents submitted to ASIC. The charges, which follow an ASIC investigation, allege that on or about 3 August 2016, and in support of an application for an Australian…
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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 FCA Market - Financial Contract Authority. FCA Market - Financial Contract Authority is not authorised by the FCA but has been targeting people in the UK…
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At an EGM held on 14 September 2017 Moscow Exchange (MOEX) shareholders voted to pay out a total of RUB 5.67 billion (RUB 2.49 per share) as a dividend for the first half of 2017. The payout constitutes 55.04 per cent of the company's H1 2017 net profit under International Financial Reporting Standards (IFRS). The…
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