Category: Regulation

bitcoin hacker
May 09, 2017 BY Valentina Kirilova

Hong Kong SFC consults on proposals to reduce hacking risks in internet trading

The Securities and Futures Commission (SFC) launched a two-month consultation on proposals to reduce and mitigate hacking risks associated with internet trading. The proposals incorporate new guidelines which set out baseline cybersecurity requirements for internet brokers to address hacking risks and vulnerabilities and to clarify expected standards of cybersecurity controls. Some of these requirements already…

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May 05, 2017 BY Valentina Kirilova

SEC and FINRA announce National Compliance Outreach Program for Broker-Dealers

Cybersecurity, investing by seniors, and other regulatory topics of interest will be discussed when the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) hold their National Compliance Outreach Program for Broker-Dealers on July 27. Registration opened today for the program, which is designed to provide an open forum for regulators and industry…

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Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks
May 05, 2017 BY Valentina Kirilova

SEC staff supplements quarterly private funds statistics

The U.S. Securities and Exchange Commission (SEC) staff published a suite of new data and analyses of private fund statistics and trends. The Private Funds Statistics, released quarterly since October 2015 by the Division of Investment Management’s Risk and Examinations Office, offers investors and other market participants valuable insights by aggregating data reported by private…

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clone firm FCA warning
May 05, 2017 BY Valentina Kirilova

FCA warns against Markus Spielmann Inc clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Markus Spielmann Inc. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

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fca warning
May 05, 2017 BY Valentina Kirilova

FCA warns against BBS Consulting / Best Broker Service 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 BBS Consulting / Best Broker Service. BBS Consulting / Best Broker Service is not authorised by the FCA but has been targeting people in the UK…

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clone firm FCA warning
May 05, 2017 BY Valentina Kirilova

FCA warns against JW Global clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm JW Global. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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May 05, 2017 BY Valentina Kirilova

Jay Clayton sworn in as Chairman of SEC

Jay Clayton was sworn into office by U.S. Supreme Court Justice Anthony M. Kennedy as the 32nd Chairman of the Securities and Exchange Commission It is a tremendous honor to lead the SEC and to be sworn in by Justice Kennedy, whom I greatly admire," said Chairman Clayton. "The work of the SEC is fundamental…

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