Category: Financial Services

fma warning
May 11, 2017 BY Valentina Kirilova

Hong Kong SFC adds Ocean Star Capitals to its alert list

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…

Read more
May 11, 2017 BY Valentina Kirilova

Bats welcomes new issuer Principal to the Bats ETF Marketplace

Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company welcomed new issuer Principal to the Bats ETF Marketplace with the launch of one fund. The Principal Active Global Dividend Income ETF (Bats: GDVD) is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in common stocks and real estate investment trusts (“REITs”).…

Read more
May 11, 2017 BY Valentina Kirilova

Barclays to pay $97 million for overcharging clients

The Securities and Exchange Commission (SEC) announced an enforcement action requiring Barclays Capital to refund advisory fees or mutual fund sales charges to clients who were overcharged. In a settlement of more than $97 million, Barclays agreed to settle three sets of violations that resulted in clients being overbilled by nearly $50 million. The SEC’s…

Read more
sfc warning
May 10, 2017 BY Valentina Kirilova

Hong Kong SFC adds SwissMain to its alert list

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…

Read more
hkex
May 10, 2017 BY Valentina Kirilova

HKEX announces quarterly results, revenue up 11% YoY

Hong Kong Exchanges and Clearing Limited (HKEX) just released its quarterly results for the three months ended March 31 2017. The highlights are: Revenue and other income for Q14 2017 was 11% higher than Q1 2016, which was attributable to: - Increases in core revenue including Stock Exchange listing fees and depository, custody and nominee…

Read more
fma warning
May 10, 2017 BY Valentina Kirilova

Hong Kong SFC adds M-Markets to its alert list

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…

Read more
DFSA
May 10, 2017 BY Valentina Kirilova

SFC reprimands and fines Promising Securities Company Limited $3.5 million

The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined Promising Securities Company Limited $3.5 million for breach of the Code of Conduct and the Management, Supervision and Internal Controls Guidelines. The SFC’s disciplinary action arose from a self-report by Promising in 2014 that a settlement staff had misappropriated client assets following an…

Read more
fca warning
May 10, 2017 BY Valentina Kirilova

FCA warns against ExxonFX 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 ExxonFX. ExxonFX is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

Read more