Category: Financial Services

August 11, 2017 BY Valentina Kirilova

CBOE's VIX options and futures set new daily volume records

CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that trading volume in options and futures on the CBOE Volatility Index® (VIX®) each reached new all-time highs on Thursday, August 10. In VIX options at CBOE, a reported 2,562,477 contracts traded on Thursday, surpassing the previous single-day record of 2,382,752 contracts on February 3, 2014. Year-to-date through…

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clone firm FCA warning
August 10, 2017 BY Valentina Kirilova

FCA warns against Money Solutions UK clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Money Solutions UK. 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…

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August 10, 2017 BY Valentina Kirilova

TMX Group Limited declares dividend of $0.50 per common share

The Board of Directors of TMX Group Limited (TSX:X) declared a dividend of $0.50 on each common share outstanding, payable on September 8, 2017 to shareholders of record at the close of business on August 25, 2017. TMX Group hereby advises that this dividend is designated as an "eligible dividend" for Canadian income tax purposes.…

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fca warning
August 10, 2017 BY Valentina Kirilova

FCA warns against Paramount Law Boston 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 Paramount Law Boston. Paramount Law Boston is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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Regulation
August 10, 2017 BY Valentina Kirilova

ANZ pays further $10.5 million to consumers for OnePath breach

The Australian Securities and Investments Commission (ASIC) has confirmed an additional $10.5 million in compensation for 160,000 superannuation customers who were affected by breaches within the OnePath group between 2013 and 2016. ASIC has been monitoring the resolution of a number of OnePath breaches. This has resulted in ANZ (the parent company of OnePath) providing…

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CySEC
August 09, 2017 BY Valentina Kirilova

CySEC announces lapse of CIF license of Reserve Invest Ltd

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 1st August 2017, the CIF Reserve Invest (Cyprus) Ltd (‘the Company’), which provided investment services via the domain www.reserve invest.com, renounced its authorisation, pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore,…

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fca warning
August 09, 2017 BY Valentina Kirilova

FCA warns against Britain Loans 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 The Britain Loan / Britain Loans / Britt Loans. The Britain Loan / Britain Loans / Britt Loans is not authorised by the FCA but has…

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Regulation
August 09, 2017 BY Valentina Kirilova

FCA’s decision to fine and ban Charles Palmer former CEO of Adviser Network upheld

On 8 August 2017, the Upper Tribunal upheld the Financial Conduct Authority’s (FCA) decision to ban Charles Palmer, former CEO of Financial Limited and Investments Limited (“the Firms”), from performing FCA significant influence functions. The Tribunal also upheld the FCA’s decision to impose a financial penalty of £86,691 on Mr Palmer. Mr Palmer was the…

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August 09, 2017 BY Valentina Kirilova

EEX to reintroduce auctions for EU Aviation Allowances (EUAA)

The European Energy Exchange (EEX) has published the 2017 auction calendar for EU Aviation Allowances (EUAA) in consultation with the EU Commission and the Member States taking part as well as the competent German and Polish authorities. EEX will carry out the auctions comprising a total volume of 4,005,000 EUAA from 27th September to 6th…

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