UBS fined $280,000 in Australia for order execution and disclosure issues LeapRate

June 15, 2017 BY Valentina Kirilova

UBS fined $280,000 in Australia for order execution and disclosure issues

UBS Securities Australia Limited has paid penalties totalling $280,000 to comply with two infringement notices given to it by the Markets Disciplinary Panel (the MDP), ASIC announced earlier today. The first infringement notice ($140,000) relates to the operation, use and monitoring of a crossing system known as UBS Price Improvement Network (UBS PIN). The second…

June 14, 2017 BY admin

Nasdaq appoints Mattias Hammarqvist as CEO of Nasdaq Broker Services AB

Nasdaq Inc. (NASDAQ: NDAQ) today announced that Mattias Hammarqvist (pictured above) has been appointed new CEO of Nasdaq Broker Services AB, effective June 14, 2017. The current CEO, Peter Ekström opted for a role as Head of Business Development at Nasdaq Broker Services with a specific focus on future business opportunities. Mattias Hammarqvist will be…

June 14, 2017 BY Valentina Kirilova

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

June 14, 2017 BY Valentina Kirilova

FCA warns against Pointfinance Limited clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Pointfinance Limited. 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 to…

June 14, 2017 BY Valentina Kirilova

HKEX places Mayer Holdings Limited into final delisting stage

The Stock Exchange of Hong Kong Limited announced that has placed Mayer Holdings Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 13 December 2017), the Company's listing will be cancelled. The MMT has also sanctioned Mayer Holdings Limited for late…

June 14, 2017 BY Valentina Kirilova

ESMA issues Risk Dashboard for first quarter of 2017

The European Securities and Markets Authority (ESMA) has issued today its most recent iteration of its Risk Dashboard, covering risks in the EU’s securities markets for 1Q2017. ESMA’s overall risk assessment remains unchanged from 4Q16 at high levels. In 1Q17, EU financial markets remained relatively calm with stable volatility and increasing equity market prices. EU…

June 14, 2017 BY Valentina Kirilova

European Commission proposes more robust supervision of Central Counterparties (CCPs)

The European Commission is proposing targeted reforms to further improve the financial stability of the European Union. Central counterparties (CCPs) from the EU are already well regulated and equipped to deal with financial distress, thanks to a raft of measures adopted in the wake of the financial crisis. However, further reforms to ensure a more…

June 14, 2017 BY Valentina Kirilova

Solactive launches Australian Bank Senior Floating Rate Bond Index

Solactive AG announced it has entered for the first time the Asia-Pacific region with a new index in the fixed-income space, the Solactive Australian Bank Senior Floating Rate Bond Index, aimed to be tracked by the BetaShares Australian Bank Senior Floating Rate Bond ETF (ASX: QPON). The index targets the largest and most liquid floating…

June 14, 2017 BY Valentina Kirilova

Insider trader sentenced to 6 months: New Zealand's FMA

Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act. Mr Honey admitted to being an information insider advising and encouraging another person to trade, New Zealand's Financial Markets Authority…

FINRA's 2018 volume tops 2017 activity by 87%

June 14, 2017 BY Valentina Kirilova

FINRA launches Innovation Outreach Initiative

The Financial Industry Regulatory Authority (FINRA) announced that it has established an Innovation Outreach Initiative to foster an ongoing dialogue with the securities industry that will help FINRA better understand financial technology (fintech) innovations and their impact on the industry. FINRA has long been engaged in discussions about fintech issues with member firms and other…

Category: Financial Services