Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Best Connection Finance. 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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The Securities and Futures Commission (SFC) launched a two-month consultation on proposals to reduce and mitigate hacking risks associated with internet trading. The proposals incorporate new guidelines which set out baseline cybersecurity requirements for internet brokers to address hacking risks and vulnerabilities and to clarify expected standards of cybersecurity controls. Some of these requirements already…
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ASIC has obtained an order which requires financial services business "Yes FS" to change how it deals with its clients until the trial of proceedings for alleged breaches of the Corporations Act and ASIC Act, including breaches of the 'best interests' obligation. The Federal Court made the order against three entities operating as the "Yes…
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Israel based crowdfunding company OurCrowd has announced the hiring of veteran investment banker Andy Kaye as its new President and Chief Institutional Officer. OurCrowd has two main arms - the one which invests in (mostly) tech startups, and the other which deals with the multitude of outside investors, now numbering more than 17,000. Mr. Kaye will…
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The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) called ActiveRisk. ActiveRisk, developed by Chella Software (CSPL), has been deployed by DCCC with the primary…
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Bats, a CBOE Holdings, Inc. (NASDAQ: CBOE) company welcomed a fifth Alpha Architect fund to the Bats ETF Marketplace. The Alpha Architect Value Momentum Trend ETF (Bats: VMOT) seeks to track the total return performance of the Alpha Architect Value Momentum Trend Index, and joins the firm’s four other momentum-focused funds listed on Bats. The…
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Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
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Cybersecurity, investing by seniors, and other regulatory topics of interest will be discussed when the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) hold their National Compliance Outreach Program for Broker-Dealers on July 27. Registration opened today for the program, which is designed to provide an open forum for regulators and industry…
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The U.S. Securities and Exchange Commission (SEC) staff published a suite of new data and analyses of private fund statistics and trends. The Private Funds Statistics, released quarterly since October 2015 by the Division of Investment Management’s Risk and Examinations Office, offers investors and other market participants valuable insights by aggregating data reported by private…
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