Moscow Exchange (MOEX) just released its monthly market report for the month of July and the trading volume of stocks totalled RUB 714 bln. The average daily trading volume was RUB 34 bln, down 19% MoM. The T+2 sector made up 97% of the total secondary market trading volume and the T0 sector accounted for…
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The Securities and Exchange Commission (SEC) announced that hedge fund advisory firm Deerfield Management Company L.P. has agreed to pay more than $4.6 million to settle charges that it failed to establish, maintain, and enforce policies and procedures reasonably designed to prevent the misuse of inside information, including information about confidential government decisions. The case…
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Mr Gavin Keith Hyland has been permanently banned from engaging in credit activities or providing financial services, ASIC announced earlier today. Mr Hyland was banned following his recent conviction in the Brisbane District Court on two counts of dishonestly using his position to misappropriate $104,110 of investor funds. Mr Hyland is currently serving a two…
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London Stock Exchange just welcomed Kosmos Energy (NYSE: KOS) to trading on the Main Market today as the oil and gas exploration and production company, with a $2.5 billion market capitalisation, successfully completed its London listing. Focused on frontier and emerging areas along the West African and Latin American coasts, Kosmos Energy’s listing in London…
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Singapore Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) announced that are jointly reviewing valuation practices and the reporting carried out by real estate valuers that listed issuers engage. Investors rely on real estate valuations when making decisions on investments in REITs and business trusts. Quality valuations are therefore crucial to safeguarding…
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The Securities and Exchange Commission (SEC) announced that broker Banca IMI Securities Corp. (BISC), an indirect, wholly-owned U.S. subsidiary of Italian bank Intesa Sanpaolo SpA, has agreed to pay more than $35 million to settle charges that it violated federal securities laws when it requested the issuance of and received American Depositary Receipts (ADRs) without…
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The Dubai Gold & Commodities Exchange (DGCX) and Ayedh Dejem Group, a conglomerate from the Kingdom of Saudi Arabia, announced that have agreed to develop and launch the Middle East’s first-ever Sharia compliant Spot Gold contract to be traded on an international exchange. The partnership enables both entities to increase their presence in the Saudi…
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The Financial Services and Markets Authority (FSMA) issued another warning today against the activities of Bellmore Group, a company that offers investment services. Bellmore Group is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium. Moreover, according to the information available to the FSMA,…
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Belgium’s financial regulator the Financial Services and Markets Authority (FSMA) just issued a warning against several companies engaging in unauthorized activities on the Belgian market. The companies are the following: Bellmore Group, operating at www.bellmoregroup.com Devin Consultants, operating at www.devinconsultants.com Excon Fuji Securities, operating at www.efsecurities.com Olivier and Mann, operating at www.olivierandmann.com Orix Capital Trading,…
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The Bahamas International Securities Exchange (BISX) just announced that the Oil & Gas Opportunity Lending Fund Ltd. (the Fund) has successfully completed the BISX Mutual Fund Listing Process. As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange. The Oil & Gas Opportunity Lending Fund Ltd.…
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