Category: Financial Services

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
September 13, 2017 BY Valentina Kirilova

SEC releases statement on T+2 implementation

Last week, on September 5, 2017, the securities industry successfully implemented a shortened settlement cycle for most securities transactions, pursuant to amendments to Rule 15c6-1 that the Securities and Exchange Commission (SEC) adopted earlier this year. The move to a two business day standard settlement cycle – or T+2 – was the product of extensive preparation…

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fma warning
September 13, 2017 BY Valentina Kirilova

French AMF warns against Naftoil firm and director

France's market regulator the Autorité des marchés financiers (AMF) has warned the public against the activities of “Naftoil” company and its director Mr Raphael Comté proposing investments services without being authorized to do so. This company is not authorized by the AMF to provide investment services. The AMF reminded investors and individuals responsible for marketing…

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clone firm FCA warning
September 13, 2017 BY Valentina Kirilova

FCA warns against Financial Point clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Financial Point. 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 tactics to…

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September 13, 2017 BY Valentina Kirilova

Eurex Clearing and PGGM work together on CCP model for Securities Lending

First buy-side client to utilise the Lending CCP’s Specific Lender License Eurex Clearing, Europe’s clearing house and part of Deutsche Börse Group, has announced that PGGM, the cooperative Dutch pension fund service provider offering institutional clients asset management, pension fund management, policy advice and management support, is the first buy-side client to become a direct…

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September 13, 2017 BY Valentina Kirilova

Belize regulator IFSC warns against offshore Retail FX broker Real Markets Live

Belize financial regulator IFSC has issued a Warning Notice regarding a company called Real Markets Live. According to the regulator, an entity calling itself “Real Markets Ltd” aka RealMarketsLive, with its business address at Schweigaards Gate 5, 0185 Oslo, Norway, operating under domain name, http://realmarketslive.com is falsely and fraudulently purporting to be licensed by the…

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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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