CySEC announces lapse of authorisation license of the CIF A.A.M & Wealth Ltd LeapRate

April 26, 2017 BY Valentina Kirilova

CySEC announces lapse of authorisation license of the CIF A.A.M & Wealth Ltd

The Cyprus Securities and Exchange Commission (CySEC) announced that, on 28th March 2017, the CIF A.A.M & Wealth Ltd 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, the CIF authorisation with Νumber 222/14 lapsed as from the abovementioned…

ASIC applauds the enactment of stronger whistleblowing laws

April 26, 2017 BY Valentina Kirilova

SEC awards nearly $4 million to whistleblower

The Securities and Exchange Commission (SEC) announced an award of nearly $4 million to a whistleblower who tipped the agency with detailed and specific information about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. Not only did this whistleblower step forward and report suspicious conduct, but continued to…

April 26, 2017 BY Valentina Kirilova

ASIC launches new campaign to return $1.1 billion in unclaimed money

The Australian Securities and Investments Commission (ASIC) is urging Australians to do a quick and free search on ASIC's MoneySmart website to see if a share of $1.1 billion of unclaimed money is theirs. There are more than a million records of unclaimed money from dormant bank accounts, life insurance, shares and other investments waiting…

April 26, 2017 BY LeapRate Staff

KCG cancels its annual shareholders meeting following Virtu acquisition proposal

KCG Holdings Inc. Class A (NYSE:KCG) today announced that its board of directors has cancelled the company's 2017 Annual Meeting of Stockholders previously scheduled for May 10, 2017 at 1:00 p.m. Eastern Standard time. On April 20, 2017, KCG announced that it had reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire…

April 25, 2017 BY LeapRate Staff

Belgium FSMA issues statement on €550,000 settlement with CFD broker Plus500

Belgium financial regulator FSMA has issued a statement regarding the €550,000 settlement it reached with FCA and CySEC regulated CFD broker Plus500 Ltd (LON:PLUS), reported earlier today by LeapRate. The statement sheds some light on the reasons the settlement was reached. Full text of the statement reads as follows: 25-04-2017 Agreed settlement - Plus500 The…

Euronext buys Irish Stock Exchange (ISE)

April 25, 2017 BY Valentina Kirilova

The Irish Stock Exchange announces 2017 #IPOready programme

The Irish Stock Exchange (ISE) has today announced details of the 2017 #IPOready programme, aimed at the next wave of Irish companies that are on course for a stock market listing (initial public offering or IPO) in the next 5 years. The 2017 #IPOready programme will provide high-growth IPO candidate companies with a structured support…

April 25, 2017 BY Valentina Kirilova

Euronext launches new fund service in Paris

Euronext, the pan-European exchange, announced the launch of Euronext Fund Service in Paris, an innovative and complementary solution for investing in open-end funds (UCITS and AIF) registered or passported in France. It offers institutional and retail investors a simplified, automated cost-efficient subscription/redemption service to invest in funds through their brokers. Euronext Fund Service will be…

April 25, 2017 BY Valentina Kirilova

FCA Board appoints two new members to the Regulatory Decisions Committee

The Board of the Financial Conduct Authority (FCA) announced that has appointed an additional six members to the FCA’s Regulatory Decisions Committee (RDC). The newest members appointed to the RDC are Karen Johnston and Nick Lord. They join Stuart McIntosh, Philip Marsden, Robin Mason and Malcolm Nicholson who were appointed last year. The RDC is…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

April 25, 2017 BY Valentina Kirilova

SEC charges portfolio manager with diverting nearly $2 million to personal account

The Securities and Exchange Commission (SEC) announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges that Kevin J. Amell carried out a fraudulent matched-trades scheme in which he prearranged the purchase…

April 25, 2017 BY LeapRate Staff

Nomura Securities risk management VP charged with insider trading

The U.S. Securities and Exchange Commission today charged a vice president in the risk management department of the Nomura Securities investment banking division of Nomura Holdings Inc. (ADR) (NYSE:NMR) with insider trading on confidential information he learned in advance of a private equity firm’s acquisition of a publicly-traded technology company. The SEC alleges that New…

Category: Financial Services