Category: Financial Services

Regulation
September 01, 2017 BY Valentina Kirilova

ASIC reports on corporate finance regulation – January to June 2017

ASIC announced that has just published its seventh report on the regulation of corporate finance issues in Australia. The report, which covers the period January to June 2017, provides companies and their advisers with insights into ASIC’s regulatory approach in the corporate finance sector to assist them in carrying out their associated legal and compliance…

Read more
European Energy Exchange
September 01, 2017 BY Valentina Kirilova

EEX holds 500th German auction of emission allowances

Since 5th January 2010, the European Energy Exchange (EEX) has auctioned more than 900 million emission allowances on behalf of the Federal Republic of Germany. Including today’s 500th auction, revenue of in total approximately EUR 6 billion has been generated. These funds have been used almost completely for financing national and international climate protection measures.…

Read more
Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
September 01, 2017 BY Valentina Kirilova

SEC charges former pharma company accountant and three others with insider trading

The Securities and Exchange Commission (SEC) announced that has charged an accountant and three others with insider trading on market-moving news about the New Jersey-based pharmaceutical company where the accountant formerly worked. The SEC's complaint, filed in federal court in New Jersey, alleges that Evan R. Kita, a CPA and former accountant at Celator Pharmaceuticals…

Read more
Belize FX regulation
September 01, 2017 BY Valentina Kirilova

Belize IFSC issues warning notice regarding Mindreframing Ltd.

Belize financial regulator IFSC has issued a Warning Notice regarding a company called Mindreframing Ltd. The full text of the IFSC warning reads as follows: Office of the International Financial Services Commission, Sir Edney Cain Building, Belmopan, Belize, C.A. 31 August 2017 WARNING NOTICE Mindreframing Ltd. It is hereby notified for general information that Mindreframing…

Read more
August 31, 2017 BY Valentina Kirilova

Day trader pleads guilty to market manipulation

A 31-year-old South Australian man has pleaded guilty in the District Court of South Australia to market manipulation charges under sections 1041A(c) and 1041B(1)(a) of the Corporations Act following an ASIC investigation into his trading in contracts for difference (CFDs) and shares. Stefan Mark Boitcheff, a day trader living in Virginia, South Australia, pleaded guilty…

Read more
fca warning
August 31, 2017 BY Valentina Kirilova

FCA warns against Savoy Asset Management 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 Savoy Asset Management. Savoy Asset Management is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

Read more
Regulation
August 31, 2017 BY Valentina Kirilova

ASIC reports on how investors decide to invest in IPOs

Based on recent research, ASIC reported that prospectuses are important for investors in considering an investment in an IPO but there is scope for improvement in the usability and credibility of these documents. ASIC announced that aims to support confidence in the capital markets by proactively regulating IPOs. To ensure that ASIC is regulating IPOs…

Read more
August 30, 2017 BY Valentina Kirilova

Bats Europe approved as an APA under MiFID II

Bats Europe, a CBOE Holdings, Inc. (NASDAQ:CBOE), company has today announced it received approval from the UK’s Financial Conduct Authority (FCA) on 24 August 2017 to operate its trade reporting facility as an Approved Publication Arrangement (APA) under MiFID II, with effect from 3 January 2018. The TDM, which is one of Bats’ BXTR suite…

Read more
August 30, 2017 BY Valentina Kirilova

SGX announces change to Listings Advisory Committee

After reporting FY2017 net profit of S$339.7 million (S$349.0 million) several days ago, the Singapore Exchange (SGX) announced that Mr Lim Chin Hu will cease to be a member of its Listings Advisory Committee (LAC) with effect from 20 September 2017. Mr Lim will be standing for election to be appointed as a non-executive and…

Read more