Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act. Mr Honey admitted to being an information insider advising and encouraging another person to trade, New Zealand's Financial Markets Authority…
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The Board of the International Organization of Securities Commissions today published IOSCO Task Force Report on Wholesale Market Conduct, which describes the tools and approaches that IOSCO members use to discourage, identify, prevent and sanction misconduct by individuals in wholesale markets. Wholesale markets are an important source of finance for companies and economic growth. Misconduct…
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The Securities and Futures Commission (SFC) announced that has banned Mr Li Bo, a former employee of The Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for eight months from 9 June 2017 to 8 February 2018 for breaching the SFC’s Code of Conduct. The disciplinary action follows an SFC investigation which…
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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 Marketier Holdings. Italy’s Consob and Canadian securities regulator BCSC have already warned against this company. Marketier Holdings is not authorised by the FCA but has been…
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Peter Thomas Gillam of Kallangur, Queensland has been disqualified by ASIC from managing corporations for four years. Mr Gillam's disqualification follows the appointment of liquidators to four companies he managed: Alliance Merchandising Pty Ltd ACN 126 232 362 (AM); Alliance Sales and Merchandising Pty Ltd ACN 165 041 378 (ASM); PBL Distributors Pty Ltd ACN…
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Compliance.ai today announced the launch of its AI-powered financial regulatory platform giving users immediate access to a comprehensive collection of regulatory insights, trends and content. Compliance.ai’s SMART platform is the first SaaS based, self-service solution to provide financial organizations the power to Search, Monitor, Access, Research and Track regulatory content, in real-time. Compliance.ai’s proprietary machine learning…
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The Securities and Futures Commission (SFC) today issued a Restriction Notice on IDS Forex HK Limited prohibiting the firm from carrying on all activities for which it is licensed, disposing of or dealing with any assets held by it or held on behalf of its clients, and assisting, counselling or procuring another person to dispose…
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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 Uride Car Club. Uride Car Club is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Financial Conduct Authority (FCA) also drew the industry’s attention to the announcement by the Spanish Comisión Nacional del Mercado de Valores (CNMV) today which restricts transactions under Article 20 (2) (a) and (b) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012. This applies to transactions…
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The European Securities and Markets Authority (ESMA) announced that has issued an official opinion agreeing to an emergency short selling prohibition, for a period of one month, by the Comisión Nacional del Mercado de Valores (CNMV) on net short positions in Liberbank, S.A. (Liberbank) shares under the Short Selling Regulation. The measure is expected to…
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