Pursuant to the Cyprus Securities and Exchange Commission (CySEC)'s announcement, the Investor Compensation Fund for IF Clients (ICF) shared the commencement of the compensation payment process by the ICF to the covered clients of CommexFX Ltd. The address of CommexFX, whose authorisation has been suspended since July 2016, was at 4 Profiti Ilia street, Kanika…
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Mr Gavin Keith Hyland has been convicted in the Brisbane District Court on two counts of dishonestly using his position to misappropriate investor funds. In relation to the first count, Mr Hyland was sentenced to two years imprisonment and one year imprisonment for the second count. The sentences are to be served concurrently, ASIC shared…
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Singapore Exchange (SGX) announced that Waterland Futures Company Limited (WLF) has become a Trading Member in its derivatives market. Established in 1993, Taipei-based WLF focuses on three main areas in futures and options – brokerage, advisory services, and proprietary trading. Its largest shareholder is Waterland Securities Company Limited. Janice Kan, Senior Vice President for Derivatives…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm We.Insure. 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 scam…
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During Consumer Fraud Week 2017, ASIC is reminding consumers to protect themselves against investment scams. ASIC Deputy Chairman Peter Kell said: The Targeting Scams report published today by the Australian Competition and Consumer Commission (ACCC) shows reports to Scamwatch on investment scams increased in 2016. ASIC is alerting the public to ways to stay informed…
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Associated Press is reporting that former MLB star third baseman Doug DeCinces was convicted last week of insider trading, and faces 10 years or more in prison. DeCinces received a tip in 2009 from his neighbor James Mazzo who was then CEO of medical device firm Advanced Medical Optics, that the company was about to be…
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CME Group Inc (NASDAQ: CME) the world's leading and most diverse derivatives marketplace, announced today it set a total open interest record of 125.7 million contracts yesterday, May 11, 2017. The new record follows four consecutive record open interest days. Prior to this four-day streak, the previous open interest record of 123.1 million contracts was set…
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London Stock Exchange announced that today welcomed ADES International Holding, the Middle East-based oil and gas drilling and production services firm to the Main Market. The company successfully raised $170 million of primary proceeds at IPO with a further $73 million offered by existing shareholders. At the $16.50 offer price, ADES will have a market…
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Moscow Exchange (MOEX) just released its monthly market report for April 2017. The trading volume of stocks in the securities market totalled RUB 718 bn in April. The average daily trading volume was RUB 35.9 bln, down 6% from March. The T+2 sector made up 91.4% of the total secondary market trading volume and the…
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The Securities and Exchange Commission (SEC) announced that Lucas Moskowitz has been named the agency’s chief of staff. Lucas’s diverse background in both the public and private sectors has given him valuable experience in all three areas of the SEC’s core mission, and I am delighted to have him on board,” said SEC Chairman Jay…
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