Category: Financial Services

DFSA
September 06, 2017 BY Valentina Kirilova

CFTC fines W Resources LLC $150,000 for registration violations

The U.S. Commodity Futures Trading Commission (CFTC) announced that today entered an Order requiring Dallas, Texas-based W Resources, LLC (W Resources) to pay a $150,000 civil monetary penalty for acting as a Commodity Pool Operator (CPO) without registering with the CFTC and to cease and desist from further violating the Commodity Exchange Act (CEA), as…

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clone firm FCA warning
September 06, 2017 BY Valentina Kirilova

FCA warns against Instant Pound clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Instant Pound. 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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Deutsche Börse
September 06, 2017 BY Valentina Kirilova

METRO AG and Grand City Properties S.A. to be included in MDAX

Deutsche Börse reviews index composition/ Changes to be effective as of 18 September 2017 On Tuesday, Deutsche Börse announced changes to its selection indices, which will become effective on 18 September 2017. The shares of METRO AG and Grand City Properties S.A. will be included in the MDAX index, which tracks the 50 largest and…

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Moscow Exchange MOEX
September 05, 2017 BY LeapRate Staff

Moscow Exchange launches FX Ruble fixing instruments

Moscow Exchange (MOEX) has announced that from September 4 it is offering instruments to trade at the MOEX FX USD/RUB and EUR/RUB fixing prices with clearing and settlement via its clearinghouse, NCC Clearing Bank. Russian banks including subsidiaries of large global financial groups posted total turnover of USD 6 million on the first day of…

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Hong Kong SFC
September 05, 2017 BY Valentina Kirilova

Hong Kong SFC issues statement on initial coin offerings

The Securities and Futures Commission (SFC) today issued a statement on existing regulations which could be applicable to initial coin offerings (ICOs). Today’s statement explains that depending on the facts and circumstances of an ICO, digital tokens that are offered or sold may be “securities” as defined in the Securities and Futures Ordinance, and accordingly…

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September 05, 2017 BY Valentina Kirilova

Peer-to-peer lender Assetz Capital receives FCA license

Assetz Capital, one of the UK’s largest Peer-to-Peer platforms, just announced it has received full authorisation from the UK regulator, the Financial Conduct Authority (FCA). The company has lent more than £316 million to businesses nationwide. Following its successful FCA application, Assetz Capital is now in the final stages of completing its work on its…

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fca warning
September 05, 2017 BY Valentina Kirilova

FCA warns against Wilkins Developments firm

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 Wilkins Developments. Wilkins Developments is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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Moscow Exchange MOEX
September 05, 2017 BY Valentina Kirilova

MOEX FX Market turnover up 19% YoY in August

Total trading volumes across Moscow Exchange (MOEX)`s markets increased in August by 21.1% YoY to RUB 87.2 trln. All of Moscow Exchange's markets posted robust growth in August: the Bond Market (+84.6% YoY), Precious Metals Market (+77.3% YoY), Money Market (+36.9% YoY), Equity Market (+26.3% YoY), FX Market (+19.1% YoY); open interest in derivatives increased…

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Regulation
September 05, 2017 BY Valentina Kirilova

ASIC cancels license of Mark Power Financial Pty Ltd

The Administrative Appeals Tribunal announced that has affirmed decisions by ASIC to cancel the Australian financial services (AFS) licenses of Mark Raymund Power and Mark Power Financial Pty Ltd (MPF); and to refuse a license application made by Global Financial Markets Pty Ltd (GFM). On 14 November 2011 ASIC cancelled the licenses of Mr Power…

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