Category: Financial Services

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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Monex Precious Metals fraud charges
September 06, 2017 BY LeapRate Staff

Monex Deposit Company charged with running multi-million dollar retail trader fraud scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced that on September 6, 2017, it filed a civil injunctive enforcement action in the U.S. District Court for the Northern District of Illinois against three affiliated companies located in Newport Beach, California: Monex Deposit Company, Monex Credit Company, and Newport Services Corporation (collectively, Monex), and Monex’s principals Louis Carabini and Michael Carabini.…

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Craig Carton WFAN investment scam
September 06, 2017 BY LeapRate Staff

WFAN radio sports host Craig Carton charged with running concert ticket investment scam to pay off gambling debts

The U.S. Securities and Exchange Commission today charged a popular New York sports radio personality as well as another New York City man with stealing millions of dollars from investors who were allegedly promised that their funds would be used for the purchase and resale of concert tickets. In a complaint filed in federal district…

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Nasdaq Copenhagen Improves Small Cap Market Access For Non-Nordic Trading Members
September 06, 2017 BY Valentina Kirilova

Nasdaq launches new machine learning technology for surveillance efforts on Nordic Markets

Nasdaq, Inc. (Nasdaq:NDAQ) has announced it has successfully deployed machine learning technology across its entire Nasdaq Nordic markets—Stockholm, Copenhagen, Helsinki, Iceland—– to bolster its market surveillance efforts. Nasdaq’s SMARTS, in collaboration with the Nasdaq Nordic Market Surveillance team, has implemented machine learning within its surveillance technology to analyze abnormal market events and their subsequent categorization…

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September 06, 2017 BY Valentina Kirilova

Eris Exchange receives U.S. patent for swap futures product design

Eris Exchange, a U.S.-based futures exchange group that offers swap futures as a capital-efficient alternative to traditional over-the-counter (OTC) interest rate swaps, today announced that it has received a patent on the principal component of its product design, the Eris Methodology, by the U.S. Patent and Trademark Office. The patented invention enables a cash-settled futures…

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