Category: Financial Services

SFC fines
September 12, 2017 BY LeapRate Staff

C.L. King & Associates fined $750,000 around AML failures related to 'Death Put' investments

The U.S.  Financial Industry Regulatory Authority (FINRA) announced today that a FINRA extended hearing panel censured Albany, NY-based broker-dealer C.L. King & Associates, Inc. and fined the firm $750,000 for negligently making material misrepresentations and omissions to issuers in connection with the firm’s redemptions of debt securities on behalf of a hedge fund customer. The…

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September 12, 2017 BY admin

Japan FSA releases english guide for foreign asset managers to setup Tokyo base

For the further development of Tokyo as an international financial center, the Japan Financial Services Agency (FSA) has been committed to enhancing transparency regarding the procedures for foreign financial business operators to establish a business base in Japan, including to provide more useful information in English regarding the financial market in Japan. As a part…

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September 12, 2017 BY Valentina Kirilova

TMX Group total financings increase 19% MoM in August

TMX Group (TSX:X) has announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for August 2017. Toronto Stock Exchange welcomed three new issuers in August 2017, compared with nine in the previous month and one in August 2016. The new listings included one SPAC, one exchange traded fund and one life sciences…

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Optimove screenshot
September 12, 2017 BY LeapRate Staff

Optimove looks to bring Gaming and FX Broker client retention tools to Financial Services

Customer marketing and retention specialist Optimove has announced its official entry into the financial services space. Optimove’s platform, which is popular among both Gaming and FX Broker clients to whom client retention and minimizing client churn is key to success, is already used by retail and gaming stalwarts like StitchFix, Glossier, 1-800-Flowers, Adore Me and Zynga, and…

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social trading
September 12, 2017 BY LeapRate Staff

ASIC to take crowdfunding license applications beginning September 29

Australia financial regulator ASIC has announced that from 29 September 2017, the new crowd-sourced funding (CSF) regime will come into effect and ASIC will begin accepting licence applications from CSF intermediaries. Under the CSF regime, eligible public companies will be able to make offers of fully paid ordinary shares to a large number of investors…

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September 12, 2017 BY Valentina Kirilova

CDCC introduces direct clearing for Canadian buy side firms

Canadian Derivatives Clearing Corporation (CDCC), Canada's national central clearing counterparty (CCP) for exchange-traded derivative products, certain over-the-counter (OTC) products and repurchase agreements (repos), announced a proposal to expand its fixed income service to enable certain Canadian buy-side firms to clear cash or repos trades directly through CDCC. CDCC's new direct-clearing model seeks to extend the…

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Moscow Exchange MOEX
September 12, 2017 BY Valentina Kirilova

Moscow Exchange launches weekly options on USD/RUB futures contracts

On 14 September 2017, Moscow Exchange announced that will launch trading in weekly options on the USD/RUB futures contracts. The new instrument will complement MOEX`s monthly and quarterly options offering. The contracts will become available for trading two weeks prior to their expiration. They will expire every Thursday starting on 28 September 2017. A weekly…

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September 11, 2017 BY admin

Interactive Brokers to join Tel Aviv Stock Exchange as remote member

Interactive Brokers Group, Inc. (NASDAQ: IBKR) an automated global electronic broker that serves more than 449,000 clients worldwide and operates on more than 120 exchanges, announced today that it plans to join the Tel Aviv Stock Exchange (TASE) through its Interactive Brokers UK subsidiary as a remote member. Jon Chait, Chief Operating Officer at Interactive…

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fca warning
September 11, 2017 BY Valentina Kirilova

FCA warns against Johnston and James Consultancy 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 Johnston and James Consultancy. Johnston and James Consultancy is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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