Category: Financial Services

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…

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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…

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DFSA
April 24, 2017 BY Valentina Kirilova

SEC fines Telecom executives for FCPA violations

The Securities and Exchange Commission (SEC) announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA). Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel…

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ASEAN Exchanges
April 24, 2017 BY Valentina Kirilova

OTC Markets Group adds Fortress Paper to OTCQX

Apart from Condor Gold (LON:CNR), OTC Markets Group Inc. (OTCMKTS:OTCM) today announced that Fortress Paper Ltd. (TSE: FTP), an international producer of specialty pulp and security paper products, has qualified to trade on the OTCQX Best Market. Fortress Paper upgraded to OTCQX from the Pink market. Fortress Paper begins trading today on OTCQX under the symbol…

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April 24, 2017 BY Valentina Kirilova

OTC Markets Group welcomes Condor Gold to OTCQX

OTC Markets Group Inc. (OTCMKTS:OTCM), operator of financial markets for 10,000 U.S. and global securities, announced Condor Gold (LON:CNR), a UK based gold exploration company, has qualified to trade on the OTCQX Best Market. Condor Gold begins trading today on OTCQX under the symbol "CNDGF." We are pleased to welcome Condor Gold to our market…

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Lingxi ,China Finance Online Co. Limited
April 24, 2017 BY Valentina Kirilova

Aquis Exchange begins trading Austrian blue chips

Aquis Exchange, the pan-European equities exchange and software developer, is to begin trading Austrian blue-chip stocks. The expansion of the Aquis Exchange trading place by the addition of the 10 largest, most liquid, Austrian stocks will take place on Tuesday, 25th April 2017 and brings the total number of markets covered by the exchange to…

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fma warns against unregulated company
April 24, 2017 BY Valentina Kirilova

Italy regulator CONSOB warns against coinspace1.com and mrtmarkets.com

The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) has approved the prohibition of advertising via the website www.coinspace1.com in relation to the public offer for ‘cryptocurrency extraction packages’ promoted by Coinspace Ltd (Resolution no. 19968 of 20 April 2017). The offer had already been…

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April 24, 2017 BY Valentina Kirilova

Social forex trading site Tradeo fined €20,000 by CySEC

The Board of the Cyprus Securities and Exchange Commission (CySEC) just informed investors that decided to impose an administrative fine of €20.000 to the CIF UR Trade Fix Ltd (the parent company of Tradeo) for noncompliance with section 6(8) of the Investment Services and Activities and Regulated Markets Law of 2007, as amended from time to…

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MAS Monetary Authority of Singapore
April 24, 2017 BY Valentina Kirilova

Singapore Commercial Affairs Department and MAS partner industry stakeholders to fight financial crimes

The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force today announced the launch of a government-industry partnership to strengthen Singapore’s capabilities in the fight against money laundering and terrorism financing (ML/TF). The Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) brings together selected industry…

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April 21, 2017 BY Valentina Kirilova

Hong Kong SFC re-appoints CEO Ashley Alder

The Securities and Futures Commission (SFC) welcomes the re-appointment of Mr Ashley Alder as its Chief Executive Officer for another three-year term effective from 1 October 2017. Mr Alder was first appointed as the SFC’s CEO on 1 October 2011. His current term will end on 30 September 2017. I am delighted that Ashley has…

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