Category: Financial Services

BCSC warning
September 08, 2017 BY Valentina Kirilova

Canadian regulator BCSC warns against bitcoin Binary Options broker 332option.com

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List bitcoin Binary Options broker 332option and B.I.S. Blueport Investment Services Ltd. (BIS). 332option claims to be licensed by the Cyprus Securities and Exchange Commission under the name BIS, and offers an online binary options trading platform. A binary option…

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insider trading
September 07, 2017 BY LeapRate Staff

Amazon employee and college frat brother charged with Insider Trading ahead of AMZN results

The U.S. Securities and Exchange Commission today announced insider trading charges against a former Amazon.com, Inc. (NASDAQ:AMZN) financial analyst who allegedly leaked confidential information to his former fraternity brother in advance of a company earnings announcement so they could turn an illegal profit. The college friend and his trading partner also are charged in the…

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State Street Corp offices
September 07, 2017 BY LeapRate Staff

State Street pays $35 million to settle charges of secret markups on its trading platform

The U.S. Securities and Exchange Commission today announced that State Street Corp (NYSE:STT) has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation of its platform for trading U.S. Treasury securities. An SEC order finds that…

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DFSA
September 07, 2017 BY Valentina Kirilova

SEC charges adviser with stealing investor funds

The Securities and Exchange Commission (SEC) announced that has charged a New Jersey-based tax preparer and investment adviser with stealing more than $1 million from clients to support his gambling habit and other personal expenditures. The SEC alleges that Scott Newsholme of Farmingdale, New Jersey, fabricated account statements, doctored stock certificates, and forged promissory notes…

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TMX Group volumes report
September 07, 2017 BY Valentina Kirilova

TMX Group volumes are all up in August

TMX Group Limited (TSX:X) has just announced August 2017 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. All TMX Equities Marketplaces were up 12.5% MoM to 9,247,394,937 in August. Toronto Stock Exchange volumes were also up 11% compared to July 2017. TSX…

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Regulation
September 07, 2017 BY Valentina Kirilova

ASIC appoints liquidators to Diploma Group Limited and its subsidiaries

Justice McKerracher of the Federal Court of Australia (Perth) has yesterday appointed David Hodgson and Andrew Hewitt, of Grant Thornton, as liquidators to ASX-listed Diploma Group Limited (Receivers and Managers Appointed) (Provisional Liquidators Appointed) and its nineteen subsidiaries following an application by ASIC. The subsidiaries are: Diploma Construction (WA) Pty Ltd (Receivers and Managers Appointed)…

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ICO fraud
September 07, 2017 BY Valentina Kirilova

Securities Commission Malaysia warns on Initial Coin Offerings

The Securities Commission Malaysia (SC) has made a statement in which cautions investors, as the commission has noted the emergence of digital token based fundraising activities / investment schemes in Malaysia and elsewhere, which may be referred to as “initial coin offerings”, “initial token offerings”, “token pre-sale”, “token crowd-sale” (collectively referred to as ICO schemes…

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September 07, 2017 BY Valentina Kirilova

SET signs MoU with Oslo Stock Exchange, renews MoU with Chittagong Stock Exchange

The Stock Exchange of Thailand (SET) and Oslo Stock Exchange (OSE) of Norway have today signed a memorandum of understanding (MOU) to synergize efforts on capital market development and business opportunities between the two countries, including listing, trading, products and services development, roadshow and information sharing. SET also renewed the MoU with Chittagong Stock Exchange…

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