Category: Financial Services

FCA
October 26, 2017 BY Valentina Kirilova

FCA publishes position limits for commodity derivative contracts

The Financial Conduct Authority (FCA) has today published position limits on certain commodity derivative contracts which are traded on UK trading venues. The limits have been established by exercising the regulator's power of direction under Regulation 16 of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (MIFI Regs) in accordance…

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cssf warning
October 26, 2017 BY Valentina Kirilova

Luxembourg regulator CSSF warns against Crown Managers

The Commission de Surveillance du Secteur Financier (CSSF) has issued a warning of the activities of an entity named Crown Managers. The company, which claims to be established at 5 Maison de Soins de l’Etat, 9440 Vianden, Luxembourg, is operating at www.crownmanagers.com. The CSSF informs the public that Crown Managers is unknown to it and that…

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October 26, 2017 BY Valentina Kirilova

Toronto Stock Exchange welcomes Canadian retailer Roots

Shares in Canada's renowned lifestyle brand begin trading today TMX Group (TSX:X)'s senior equity exchange, Toronto Stock Exchange (TSX), announced that it has welcomed Canadian retailer Roots as it began trading this morning under the symbol TSX:ROOT. We are proud to welcome Roots, a truly iconic and world-renowned Canadian lifestyle brand to our market today,"…

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DFSA
October 25, 2017 BY LeapRate Staff

Apollo Management former senior partner Mohammed Ali Rashid charged with secretly billing clients for personal expenses

The U.S. Securities and Exchange Commission has announced charges against Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., for defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures. Mr. Rashid is charged with using client funds for family vacations, visits to a hair salon, and purchases of…

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bscs warning
October 25, 2017 BY Valentina Kirilova

French AMF warns against several unregulated FX websites

The Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) have just published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the list of new websites recently identified: www.1875-financeinvest.com / 1875 FINANCE…

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clone firm FCA warning
October 25, 2017 BY Valentina Kirilova

FCA warns against UK Financial Investment Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm UK Financial Investment Ltd. 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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October 25, 2017 BY Valentina Kirilova

HKEX censures former executive director of Sound Global Limited

The Listing Committee of The Stock Exchange of Hong Kong Limited just announced that it has censured Mr Wang Kai, a former executive director ("ED") of Sound Global Limited (Stock Code: 967) ("Company") for breaching his obligations under the Declaration and Undertaking with regard to Directors ("Undertaking") given to The Stock Exchange of Hong Kong…

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fca warning
October 24, 2017 BY Valentina Kirilova

FCA warns against Greenshields Capital Group 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 Greenshields Capital Group. Greenshields Capital Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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Nasdaq Dubai
October 24, 2017 BY Valentina Kirilova

Islamic Development Bank lists US$1.25 billion Sukuk on Nasdaq Dubai

Dr. Zamir Iqbal, Vice President Finance and Chief Financial Officer of the Islamic Development Bank (IDB), rang the market-opening bell today to mark the listing of a 1.25 billion US dollar Sukuk on Nasdaq Dubai, the region's international financial exchange. The listing supports the economic development and social advancement goals of IDB, an AAA-rated multilateral…

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