SEC freezes assets of Pastor Larry Holley charged with defrauding retirees LeapRate

March 31, 2017 BY LeapRate Staff

SEC freezes assets of Pastor Larry Holley charged with defrauding retirees

The U.S. Securities and Exchange Commission (SEC) today announced fraud charges and an emergency asset freeze obtained against a Michigan-based pastor accused of exploiting church members, retirees, and laid-off auto workers who were misled to believe they were investing in a successful real estate business. The SEC alleges that Larry Holley, the pastor of Abundant…

March 31, 2017 BY LeapRate Staff

CFTC names NY Southern District Attorney James McDonald as its new Enforcement Director

U.S. Commodity Futures Trading Commission (CFTC) Acting Chairman J. Christopher Giancarlo today announced the appointment of James McDonald to be the Director of the agency’s Enforcement Division. James McDonald, who was most recently a prosecutor in the Southern District of New York, brings to the agency a successful track record of pursuing white collar and…

March 30, 2017 BY Valentina Kirilova

Hong Kong SFC adds www.anxinv.com 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…

ESMA ceases renewal of product intervention CFDs measures

March 30, 2017 BY Valentina Kirilova

ESMA appoints new Chair to Supervisory Convergence Standing Committee

The Board of Supervisors of the European Securities and Markets Authority (ESMA) announced that has appointed João Sousa Gião, Member of the Board of Directors of the Comissão do mercado de valores mobiliários (CMVM) of Portugal to serve as the chair of the Supervisory Convergence Standing Committee. The standing committees are expert groups drawn from…

March 30, 2017 BY Valentina Kirilova

AMF warns against several unauthorized forex websites

The AMF and the ACPR just published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so. Here is the list of new websites recently identified: www.admiralmarketsltd.com / Admiral Markets Global Solutions Ltd www.fm-fx.com / FM Marketing Ltd www.goprofinance.com / GoProBank www.trade-24.com…

March 30, 2017 BY Valentina Kirilova

WhatsApp leaks land Jefferies investment banker FCA fine

The Financial Conduct Authority (FCA) announced that has today fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp. The FCA found that Mr Niehaus failed to act with due skill, care and diligence. The FCA found that Mr Niehaus, who was a managing director in the Investment Banking division…

March 30, 2017 BY Valentina Kirilova

UK regulator PSR issues final proposals to tackle push payment scams

The Payment Systems Regulator (PSR), the economic regulator for the £75 trillion UK payment systems industry, announced the start of a concerted and coordinated industry-wide effort to tackle payment scams back in December 2016. Following its consultation into the potential role of payment system operators (PSOs) in minimising the consumer harm caused by authorised push payment…

March 30, 2017 BY Valentina Kirilova

Hong Kong SFC adds Cressman Financial Group to its alert list

March 30, 2017 BY Valentina Kirilova

ASIC reports on Sydney Stock Exchange’s listing standards

ASIC has released its assessment report on the listing standards of the Sydney Stock Exchange Limited (SSX). The report concludes that SSX should make a number of changes to improve compliance with its statutory obligations. These changes include putting adequate arrangements in place to manage conflicts between its commercial interests and the need for it…

March 30, 2017 BY Valentina Kirilova

Category: Financial Services