Category: Financial Services

SGX announces trading volumes
July 03, 2017 BY LeapRate Staff

Singapore Exchange SGX commences trading of Daily Leverage Certificates on Asian indices

Singapore Exchange (SGX) has announced that it will commence trading of Daily Leverage Certificates (DLCs) on Asian indices starting from July 17, 2017. SGX is Asia’s first venue to offer trading in DLCs, allowing Specified Investment Products (SIP)-qualified investors to gain fixed leveraged exposure to key Asian indices. DLCs come without implied price volatility, time decay…

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sell side research regulation
July 03, 2017 BY LeapRate Staff

ASIC issues proposed guidance on sell-side research and conflicts of interest

Australia financial regulator ASIC has released a consultation paper proposing guidance on managing conflicts of interest and handling material, non-public information by Australian financial services (AFS) licensees that provide sell-side research. Sell-side research is general financial advice prepared and distributed by a financial institution to investors to help them make decisions about financial products. The…

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clone firm FCA warning
June 30, 2017 BY Valentina Kirilova

FCA warns against Right Choice Insurance Brokers clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Right Choice Insurance Brokers. 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…

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fca warning
June 30, 2017 BY Valentina Kirilova

FCA warns against Prolinet Ventures Limited 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 Prolinet Ventures Limited. Prolinet Ventures Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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cftc penalty
June 30, 2017 BY LeapRate Staff

CFTC enters into Non-Prosecution Agreements with former Citi traders in Treasury Spoofing case

The U.S. Commodity Futures Trading Commission (CFTC) has announced that it entered into non-prosecution agreements with Jeremy Lao of New York, Daniel Liao of Minato-Ku, Japan, and Shlomo Salant of New York. In their non-prosecution agreements, Lao, Liao, and Salant each admits that he engaged in the unlawful disruptive trade practice of “spoofing” (bidding or offering with…

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SFC fines
June 30, 2017 BY LeapRate Staff

Rosenthal Collins, now known as DV Trading, fined $5 million for illegal wash sales

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing and simultaneous settlement of charges against Rosenthal Collins Capital Markets, LLC, now known as DV Trading LLC (RCCM), of Chicago, Illinois, for engaging in illegal wash sales in order to generate rebates of exchange fees based upon increased trading volumes. The CFTC Order requires RCCM to…

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June 29, 2017 BY Valentina Kirilova

HKEX and CGSE sign Memorandum of Understanding

Hong Kong Exchanges and Clearing Limited (HKEX) and The Chinese Gold and Silver Exchange Society (CGSE) signed a Memorandum of Understanding (MOU) to consider cooperation on matters ranging from product promotion to storage vaults. Christopher Hui, Managing Director for Market Development and Head of Project Management at HKEX, and Brian Fung, Chief Executive Officer at…

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