Japan FSA releases english guide for foreign asset managers to setup Tokyo base LeapRate

September 12, 2017 BY admin

Japan FSA releases english guide for foreign asset managers to setup Tokyo base

For the further development of Tokyo as an international financial center, the Japan Financial Services Agency (FSA) has been committed to enhancing transparency regarding the procedures for foreign financial business operators to establish a business base in Japan, including to provide more useful information in English regarding the financial market in Japan. As a part…

September 12, 2017 BY Valentina Kirilova

ASIC bans financial adviser for failing to act in clients' best interests

ASIC announced that has banned financial adviser Lawrence Toledo from providing financial services for seven years. ASIC found that Mr Toledo failed to act in the best interests of his clients when advising them to establish self-managed superannuation funds (SMSF) to purchase properties. ASIC Deputy Chairman Peter Kell said: Financial advisers have a clear duty…

September 11, 2017 BY Valentina Kirilova

FCA warns against Johnston and James Consultancy firm

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 Johnston and James Consultancy. Johnston and James Consultancy is not authorised by the FCA but has been targeting people in the UK and is also carrying…

September 11, 2017 BY Valentina Kirilova

Hong Kong SFC commences insider dealing prosecution in China CBM shares

The Hong Kong Securities and Futures Commission (SFC) announced that has commenced criminal proceedings in the Eastern Magistrates’ Court today against Mr Au-Yeung Siu Pang over alleged insider dealing in the shares of China CBM Group Company Limited (China CBM) (China CBM was listed on the Growth Enterprise Market of The Stock Exchange of Hong…

FINRA's 2018 volume tops 2017 activity by 87%

September 08, 2017 BY Valentina Kirilova

FINRA CEO Robert Cook testifies about FINRA’s operations and regulatory programs

Robert W. Cook, President and CEO of the Financial Industry Regulatory Authority (FINRA) today testified before the U.S. House of Representatives Subcommittee on Capital Markets, Securities, and Investment about FINRA’s operations and regulatory programs, and how FINRA is fulfilling its mission to protect investors and ensure market integrity while facilitating vibrant capital markets. Below is…

September 08, 2017 BY Valentina Kirilova

Canadian regulator BCSC warns against bitcoin Binary Options broker 332option.com

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List bitcoin Binary Options broker 332option and B.I.S. Blueport Investment Services Ltd. (BIS). 332option claims to be licensed by the Cyprus Securities and Exchange Commission under the name BIS, and offers an online binary options trading platform. A binary option…

September 07, 2017 BY Valentina Kirilova

SFC censures directors of Taiwan Cement Corporation for breaches of the Takeovers Code

The Hong Kong Securities and Futures Commission (SFC) announced that has publicly censured Chen Chi-Te and Kenneth C.M. Lo for breaching the dealing provisions under the Takeovers Code. As directors of Taiwan Cement Corporation (TCC), both Chen and Lo are parties acting in concert with TCC in a proposed privatisation of TCC International Holdings Limited…

September 07, 2017 BY Valentina Kirilova

ASIC appoints liquidators to Diploma Group Limited and its subsidiaries

Justice McKerracher of the Federal Court of Australia (Perth) has yesterday appointed David Hodgson and Andrew Hewitt, of Grant Thornton, as liquidators to ASX-listed Diploma Group Limited (Receivers and Managers Appointed) (Provisional Liquidators Appointed) and its nineteen subsidiaries following an application by ASIC. The subsidiaries are: Diploma Construction (WA) Pty Ltd (Receivers and Managers Appointed)…

September 07, 2017 BY Valentina Kirilova

Securities Commission Malaysia warns on Initial Coin Offerings

The Securities Commission Malaysia (SC) has made a statement in which cautions investors, as the commission has noted the emergence of digital token based fundraising activities / investment schemes in Malaysia and elsewhere, which may be referred to as “initial coin offerings”, “initial token offerings”, “token pre-sale”, “token crowd-sale” (collectively referred to as ICO schemes…

September 06, 2017 BY Valentina Kirilova

ASIC charges former TZ Limited director with dishonest conduct offences

After being extradited to Australia from Thailand, John Falconer, the former director and chief financial officer of TZ Limited, has been charged with dishonest conduct and appeared before the Sydney Central Local Court. The charges, which follow an ASIC investigation, include 16 counts of using his position as a director dishonestly with the intention of…

Category: Regulation