The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa - CONSOB) has prohibited: under the terms of article 99, paragraph 1, letter d), of the Consolidated Law on Finance - CLF, the offering to the public resident in Italy regarding investments of a financial nature carried out…
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Australia financial regulator ASIC has today accepted enforceable undertakings from Westpac Banking Corporation (WBC:ASX) and Australia and New Zealand Banking Group (ASX:ANZ) in relation to the banks' wholesale foreign exchange (FX) businesses. As a result of ASIC’s investigation, ASIC is concerned that between January 2008 and June 2013 both banks failed to ensure that their…
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Australia financial regulator ASIC has announced that Credit Suisse Equities (Australia) Limited, an Australian unit of global banking firm Credit Suisse Group AG (ADR) (NYSE:CS) has paid a penalty of AUD $170,000 to comply with an infringement notice from ASIC's Markets Disciplinary Panel (MDP). The MDP had reasonable grounds to believe that Credit Suisse had contravened…
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The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named Campbell & Browne Associates. Campbell & Browne Associates operates at website https://campbellbrowneassociates.com/ and claims to be established at 26, boulevard Royal, L-2449 Luxembourg. The CSSF informs the public that the entity named Campbell & Browne Associates is…
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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 Stevenson Investment Management Inc. Stevenson Investment Management Inc. is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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The International Organization of Securities Commissions (IOSCO) today unveiled the IOSCO Asia Pacific Hub in Kuala Lumpur, hosted by the Securities Commission (SC) Malaysia. This initiative responds to a growing demand among IOSCO members for enhanced capacity building, particularly in growth and emerging markets. Ranjit Ajit Singh, Chair of SC Malaysia, Vice Chair of the…
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Four providers of Leveraged and Inverse Products (L&I Products) listed a total of 16 products today on the Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), setting a new exchange record for the most L&I Product listings in Asia on a single day. Leveraged Products and…
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The Securities and Futures Commission (SFC) has reprimanded Zhongtai International Securities Limited, formerly known as Qilu International Securities Limited (Zhongtai), and fined it $2.6 million for failures in complying with anti-money laundering regulatory requirements when handling third party fund deposits. The SFC found that between January 2013 and December 2014 (Relevant Period), Zhongtai failed to:…
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The Saudi Stock Exchange “Tadawul” and the Japan Exchange Group, Inc. (JPX) signed a Memorandum of Understanding (MoU),on March 14, 2017, that will formalize and develop further cooperation between the two exchanges. The memorandum signed by Eng. Khalid Alhussan, Chief Executive Officer of the Saudi Stock Exchange “Tadawul” and Mr. Akira Kiyota, Chief Executive Officer…
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Securities & Investment Company UAE (SICO UAE) has joined Nasdaq Dubai as a Member to trade equities, in order to provide its clients with new investment opportunities on the region’s rapidly expanding international exchange. SICO UAE serves a mainly institutional and high net worth individuals client base and is a wholly-owned subsidiary of Securities &…
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