Thailand Futures Exchange PCL (TFEX) announced that plans to launch the new product "Gold-D" on September 4, 2017, together with the extension of trading hours of all gold products till midnight. TFEX Managing Director Rinjai Chakornpipat said TFEX will roll out Gold-D contract, a physical settlement futures contract based on gold bar with 99.99% purity,…
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Corporate bond markets are a significant part of the global capital markets and a critical source of financing for economic growth. Since 2004, various developments have impacted corporate bond markets. These include changes in regulation as well as the market structure; the entrance of new participants; a shift from the traditional dealer-based principal model to…
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Yesterday Investment Holding Group was listed on Qatar Stock Exchange (QSE) to raise the number of listed companies to 45. Mr Mohamad Ghanim Al-Hodaifi,Deputy CEO of Investment Holding Group, rang the market-opening bell today to celebrate the listing on Qatar Stock Exchange. The ceremony was also attended by Mr. Misnad Abdul Latif Al-Misnad, CEO of…
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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 Higa and Partners. Higa and Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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ASIC just announced that has disqualified John Evennett of New South Wales from being an approved self-managed superannuation fund (SMSF) auditor. ASIC determined that Mr Evennett had breached fundamental independence and audit requirements. Given the nature of these breaches, it was considered appropriate to disqualify Mr Evennett. ASIC found that Mr Evennett had breached: auditor…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Essential loans. 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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The Financial Industry Regulatory Authority (FINRA) just announced that it has expelled New York-based Hallmark Investments, Inc. and barred its Chief Executive Officer, Steven G. Dash, in connection with a scheme to sell shares of stock to customers at fraudulently inflated prices. FINRA also suspended Hallmark representative Stephen P. Zipkin for two years and required…
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The Securities and Exchange Commission (SEC) charged two Tennessee men and an accomplice in Fort Lauderdale with allegedly defrauding investors they lured by false promises of high returns from an oil drilling investment opportunity. According to the SEC’s complaint filed in federal court in Savannah, Georgia, David R. Greenlee and David A. Stewart Jr. orchestrated…
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Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding Trine Markets Group Ltd. It has come to the notice of the IFSC that Trine Markets Group Ltd, operating under the trading name TRINEMARKETS is falsely claiming to be ‘controlled’ by the IFSC. The representation made on the website, https://www.trinemarkets.com that the…
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The Australian Securities and Investment Commission (ASIC) has banned financial adviser Travis Byron McLean from providing financial services for a period of five years. ASIC found that Mr McLean failed to act in his clients' best interests when providing advice and that he failed to comply with several financial services laws. ASIC Deputy Chairman Peter…
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