Mr Steven Robert Noske, of Subiaco, Western Australia has today been found guilty and convicted on one count of insider trading brought by ASIC after a two week trial in the Western Australian Supreme Court. The charge related to the acquisition of 750,000 WestSide Corporation Limited shares between 6 and 10 February 2012 via a…
Read more
Following a request of Banco de Portugal, acting as the national resolution authority of Portugal, the Commission de Surveillance du Secteur Financier (CSSF) has requested the suspension of the financial instruments issued by Novo Banco S.A. and NB Finance Ltd. These financial instruments are to be suspended from trading on the regulated market of the…
Read more
The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s decision to ban Mr Ryan Batros from providing financial services for five years. The banning follows an ASIC investigation into Mr Batros’ conduct on 25 and 26 August 2014 in placing 'execution only' orders on the ASX that he had received from clients to sell shares and…
Read more
Like GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), the Tokyo Financial Exchange (TFX) just announced its March volumes and, considering the low start of the year, numbers are finally going up for them. The trading volume of Three-month Euroyen futures was 266,249 (+175.5% MoM / +4.7% YoY) and…
Read more
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 G R Ranking Limited / Paydayloan. G R Ranking Limited / Paydayloan is not authorised by the FCA but has been targeting people in the UK…
Read more
The European Securities and Markets Authority (ESMA) has issued today regulatory technical standards (RTS) specifying the scope of the consolidated tape for bonds, structured finance products, emission allowances and derivatives. The Markets in Financial Instruments Directive (MiFID II) introduces the concept of consolidated tape providers (CTPs). CTPs will collect post-trade information published by trading venues…
Read more
The Financial Conduct Authority (FCA) has today published near final rules on the implementation of the Markets in Financial Instruments Directive (MiFID) II. These include changes to the trading of financial instruments including issues affecting trading venues, transparency of trading and algorithmic and high frequency trading. The FCA is also providing an update on the…
Read more
The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients, such as binary options and rolling…
Read more
The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today launched the first of its director training webcasts entitled "Duties of directors and the role and functions of board committees". The first webcast, which followed from the Exchange's news release dated 9 December 2016 that said…
Read more
The Securities and Exchange Commission (SEC) has approved FINRA’s rule proposal addressing financial exploitation of seniors. FINRA today issued Regulatory Notice 17-11 announcing a February 5, 2018 effective date for the rule proposal. The changes approved by the SEC involve two key steps to protect investors: firms will be required to make reasonable efforts to…
Read more