Following a previous announcement, the Board of the Cyprus Securities and Exchange Commission (CySEC) just informed that, on its meeting dated 17 July 2017, has decided, for procedural reasons, to revoke its Decision of 13 February 2017 for the imposition of administrative sanctions to Mr. Amr Jamal Mohamed Hendawi and more specifically: for the imposition…
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JOST Werke AG (ISIN: DE000JST4000) is listed in the Prime Standard on the Frankfurt Stock Exchange as of today, Deutsche Börse just announced. The issue volume of the private placement was €231 million. The first price was €27.40, the issue price €27.00. Deutsche Bank, J.P. Morgan and Commerzbank were mandated as Joint Global Coordinators and…
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The Securities and Exchange Commission (SEC) announced that has barred a New York-based attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate filings. The SEC’s order finds that David Lubin committed fraud while serving as…
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ASIC has permanently banned Gold Coast based financial adviser Mr Satvir Singh Birk from providing financial services. Mr Birk was an authorised representative of Professional Investment Services Pty Ltd (PIS) and a director of Carter Group Pty Ltd (Carter Group) (now in external administration) which was a corporate authorised representative of PIS. ASIC found that…
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The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them with unnecessary costs and ensuring they have time to comply. KiwiSaver scheme providers must allocate fees charged…
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The Dubai Financial Services Authority (DFSA) has fined Mr Andrew Grimes, a former Senior Executive Officer (SEO) of a DFSA Authorised Firm USD 52,500 (AED 192,675) and imposed a restriction preventing him from performing any function in connection with the provision of Financial Services in or from the Dubai International Financial Centre (DIFC). This action…
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The Federal Court of Australia has ordered the winding up of 18 companies associated with the Macro Group, all of which have Desiree Veronica Macpherson as a director. The companies are: AGKM Green Pty Ltd; BA Sullivan Pty Ltd; Christians Holdings WA Pty Ltd; Ferrous Ferric Pty Ltd; Macpherson Realty Options Pty Ltd; Splendiferous Enterprises…
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The Hong Kong Securities and Futures Commission (SFC) has today released its annual Fund Management Activities Survey (FMAS) which shows that the combined fund management business in Hong Kong increased by 5.2% year-on-year to $18,293 billion as of 31 December 2016. Overseas investors remained a major source of funding for the fund management business, accounting…
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The National Securities Market Commission (Comisión Nacional del Mercado de Valores, or CNMV) has published the following warning reported on unregistered entitiy that was received through international supervisors: 1875-FINANCE INVEST (CLON), WWW.1875-FINANCEINVEST.COM The warning was received from Luxembourg's regulator CSSF. For more details on the warnings received from foreign regulators at the European level, please…
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CME Group, the global derivatives exchange, and marketplace, today announced it has cleared two new swap currencies: the Indian Rupee (INR) Overnight Index Swaps (OIS) and Korean Won (KRW) Interest Rate Swaps (IRS). With these two new additional currencies, CME Group now offers 21 clearable OTC IRS currencies. Sean Tully, Senior Managing Director of Financial…
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