Category: Financial Services

bscs warning
September 25, 2017 BY Valentina Kirilova

CySEC and Bulgarian FSC warn against Interactive Company JSC (formerly Global Markets JSC)

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors regarding the following decision by the Bulgarian Financial Supervision Commission (FSC), concerning Interactive Company JSC (formerly Global Markets JSC), and the procedure which clients who are to make claims against it, should follow, not later than 30th September 2017: On 5th of July 2017…

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Morgan Stanley fine
September 25, 2017 BY LeapRate Staff

Morgan Stanley hit with $13 million FINRA fine for short term sales of UITs

The U.S. Financial Industry Regulatory Authority (FINRA) has announced that it has fined the Morgan Stanley Smith Barney LLC unit of global investment bank Morgan Stanley (NYSE:MS) $3.25 million and required the firm to pay approximately $9.78 million in restitution to more than 3,000 affected customers for failing to supervise its representatives’ short-term trades of…

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September 25, 2017 BY LeapRate Staff

Bitcoin Ponzi scheme run by Gelfman Blueprint Inc uncovered by the CFTC

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a federal civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Nicholas Gelfman, of Brooklyn, New York, and Gelfman Blueprint, Inc. (GBI), a New York corporation, charging them with fraud, misappropriation, and issuing false account statements in connection…

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sfc bans
September 25, 2017 BY Valentina Kirilova

Hong Kong SFC bans a former account executive of Sincere Securities Limited

The Hong Kong Securities and Futures Commission (SFC) announced that has banned Mr Shum Kam Ming, a former account executive of Sincere Securities Limited (Sincere Securities), from re-entering the industry for life in connection with conducting unauthorized transactions in a client’s account. The disciplinary action follows an SFC investigation which found that between March 2014…

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Deutsche Börse
September 25, 2017 BY Valentina Kirilova

Deutsche Börse cooperates with SmartStream RDU

Regulatory Reporting Hub will use SmartStream RDU tools for reference data - Joint development with SmartStream RDU on Systematic Internaliser Register Deutsche Börse Group announced that has entered into a cooperation with The SmartStream Reference Data Utility (RDU). The European market infrastructure provider will use SmartStream RDU service for its upcoming Regulatory Reporting Hub. SmartStream…

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September 25, 2017 BY Valentina Kirilova

SIX Swiss Exchange joins xyt hub for tick data distribution and analytics

big xyt, the independent provider of high-volume, smart data and analytics capabilities, announced today that SIX Swiss Exchange has joined the xyt hub to provide high quality tick data to its trading participants, enabling them to develop, evaluate and backtest new trading and execution strategies while providing greater transparency over trading activity. Connected to more…

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SFC fines
September 25, 2017 BY LeapRate Staff

Merrill Lynch gets $2.5 million CFTC fine for failures related to a CME Group investigation

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Merrill, Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered Futures Commission Merchant and a unit of Bank of America Corp (NYSE:BAC), for failing to supervise its employees’ and agents’ handling of the firm’s response to a CME Group…

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