Nasdaq (Nasdaq: NDAQ) today announced that Nasdaq First North has been granted UK Growth Market status, the first marketplace outside of the UK to achieve this status. The new status means that UK-based investors will receive tax exemptions on investments in UK-based companies listed on Nasdaq First North, and is yet another step towards making…
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After successfully conducting the mock trading on 5th August 2017, from its DR site, the Metropolitan Stock Exchange of India Limited (MSE) conducted live trading in all segments of the exchange on 10th & 11th August 2017, from its New Delhi DR site. MSE has state-ofart IT infrastructure that ensures continuous availability of trading mechanism…
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UK financial regulator Financial Conduct Authority (FCA) announced that will soon be launching a campaign to inform people about the 29 August 2019 deadline to complain about payment protection insurance (PPI). This campaign will complement the regulatory and supervisory work we have done – and will continue to do – around PPI. The consumer campaign…
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The Securities and Exchange Commission (SEC) announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. Data analysis allowed the SEC’s enforcement staff to uncover the illicit trading despite the traders’ alleged use of shell companies, code words, and an encrypted,…
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The National Securities Market Commission (CNMV) publishes the following list of warnings reported on unregistered entities that were received through international supervisors (in this case - the UK financial regulator Financial Conduct Authority (FCA)): Paramount Law Boston, operating at www.paramountlawboston.com Money Solutions UK Higa and Partners, operating at www.HigaandPartners.com Kleinwort Benson (Ventures),operating at www.kwbenson.com, and The…
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The Malta Financial Services Authority (MFSA) has just issued an administrative measure against P.D.K. Financial Services Limited (the Financial Institution) for failure to communicate with the Authority and to submit its audited financial statements within the stipulated timeframes. P.D.K. Financial Services Limited has been directed to: make immediate contact with the Authority, preserve and safeguard…
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The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Copersucar Trading A.V.V. (Copersucar), an Aruban corporation and a subsidiary of Copersucar S.A., the world’s largest sugar and ethanol company, based in São Paolo, Brazil, for executing prearranged, noncompetitive wash trades involving Sugar No. 11 futures Trade at Settlement…
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The U.S. Securities and Exchange Commission today announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being misinformed about the energy company’s value. KPMG’s engagement partner in charge of the audit also…
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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 Router Bank / Routar Bank. Router Bank / Routar Bank is not authorised by the FCA but has been targeting people in the UK and is…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Eich Invest t/a Capital Courtage. 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…
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