Category: Financial Services

March 10, 2017 BY Valentina Kirilova

ASIC bans former Morgan Stanley Wealth Management financial adviser

ASIC has permanently banned Andrew Peter Panayiotides from providing financial services. ASIC found that Mr Panayiotides failed to act in the best interests of clients and provided advice to clients of Morgan Stanley Wealth Management in relation to exchange traded options (ETOs) that was inappropriate when considering the financial circumstances and objectives of the clients…

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MOEX launches trading in sunflower seed futures
March 10, 2017 BY Valentina Kirilova

Moscow Exchange releases February indices review, Russian Volatility Index up 16.04%

In February, Moscow Exchange’s Indices reflected the negative trend by the MICEX Index on the Russian stock market. The MICEX Index was down 8.19% to 2,035.77 (from 2,217.39 on 31 January), while the dollar-denominated RTS Index fell 5.56% to 1,099.46 (from 1,164.15). The dollar depreciated 3.70% against the rouble. Volatility increased, with the Russian Volatility…

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March 10, 2017 BY Valentina Kirilova

ASIC releases new instrument for differential fees

Following public consultation, ASIC has released a new legislative instrument regarding differential fees, replacing the class order due to expire (‘sunset’) on 1 April 2017. ASIC has replaced Class Order [CO 03/217] with the new legislative instrument ASIC Corporations (Registered Schemes - Differential Fees) Instrument 2017/40 that: expands the relief where a member acquires an…

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March 10, 2017 BY LeapRate Staff

Were they high? SEC charges marijuana company Medbox and its executives with touting bogus revenues

As the legendary Jeff Spicoli would say, totally bogus! The U.S. Securities and Exchange Commission (SEC) today charged a California-based company and its founder with falsely touting “record” revenue numbers to investors and claiming to be a leader in the marijuana industry, while some of its earnings came from sham transactions with a secret affiliate.…

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March 09, 2017 BY Valentina Kirilova

London Stock Exchange Group announces new International Securities Market

London Stock Exchange Group (LSEG) announced an additional market for the issuance of primary debt targeted at institutional and professional investors, the International Securities Market (ISM). The exchange-regulated multilateral trading facility (MTF) market will operate alongside London Stock Exchange plc’s (LSE plc) other markets. LSE plc will publish a market consultation at the end of…

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Hong Kong SFC
March 09, 2017 BY Valentina Kirilova

SFC announces implementation of expanded Short Position Reporting

The Hong Kong Securities and Futures Commission (SFC) just reminded market participants that with effect from 15 March 2017, reporting will be required for reportable short positions in all Designated Securities eligible for short selling specified by The Stock Exchange of Hong Kong Limited. This follows the completion of a two-month pilot test of the…

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