Bats, a CBOE Holdings, Inc. (NASDAQ: CBOE) company announced that has welcomed a new Amplify ETFs fund to the Bats ETF Marketplace. The Amplify YieldShares Oil Hedged MLP Income ETF (Bats: AMLX) seeks to provide a high level of current income as its primary investment objective and to provide returns from energy master limited partnerships with…
Read more
The Exchange Council of the Frankfurt Stock Exchange unanimously elected Michael Rüdiger as its new Chairman. Rüdiger is CEO of DekaBank Deutsche Girozentrale, and has been a member of the Exchange Council as representative of public law credit institutions since the last election on 1 December 2016. He takes over from Lars Hille, representative of…
Read more
ASIC announced earlier today that has permanently banned Mr Shun Yuen Ken Li (also known as Leo Lee) from providing financial services. Mr Li was banned after pleading guilty and being convicted of two counts of dishonestly using his position as an employee of GAIN Capital Australia Pty Ltd with the intention of gaining an…
Read more
The U.S. Securities and Exchange Commission today charged a Salt Lake City-based brokerage firm, Alpine Securities Corporation, with securities law violations related to its alleged practice of clearing transactions for microcap stocks that were used in manipulative schemes to harm investors. To help detect potential securities law and money laundering violations, broker-dealers are required to…
Read more
Data from UK online financial trading firm IG Group Holdings plc (LON:IGG) and its political trading market indicate that the Conservative's chances of winning are narrowing, but they are still expected to win a healthy majority in this Thursday's upcoming UK election. In general the IG market has reacted to the latest polling data -…
Read more
The Financial Times is reporting that former LME CEO Martin Abbott is part of a five person founding board of NFEx Markets, which aims to compete with the London Metals Exchange (LME). NFEx Markets will reportedly run on a system designed by London-based tech provider Autilla, with a target to launch in the first quarter…
Read more
Australian financial regulator ASIC has announced that it has banned Sean Nofal from providing financial services for three years. ASIC found that on two occasions Mr Nofal's conduct fell far short of the standard that would reasonably be expected of a competent financial services provider. ASIC also found that Mr Nofal did not have sufficient…
Read more
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against David Liew for engaging in numerous acts of spoofing, attempted manipulation, and, at times, manipulation of the gold and silver futures markets. Liew engaged in this unlawful conduct for more than two years while he was employed as a…
Read more
U.S. Securities industry regulator Financial Industry Regulatory Authority (FINRA) announced today that it has barred former Morgan Stanley Smith Barney registered representative John Batista Bocchino for concealing approximately $190 million in Venezuelan bond trades from the firm, which had restricted such trading due to the regulatory, anti-money laundering and reputational risks it posed. Instead, Bocchino…
Read more
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Matthew Stauffer as Managing Director and head of Institutional Trade Processing, effective June 30, 2017. In this role, Mr. Stauffer will be responsible for integrating DTCC’s middle office trade processing solutions, including…
Read more