FINRA Fines J.P. Morgan Securities $150,000 Over IPO Prospectus Lapses LeapRate

August 27, 2025 BY Sam Boughedda

FINRA Fines J.P. Morgan Securities $150,000 Over IPO Prospectus Lapses

According to FINRA, between January 2018 and December 2021 the firm’s written supervisory procedures were not reasonably designed to ensure compliance with federal securities law requirements. The regulator explained that under Rule 15c2-8(b) of the Securities Exchange Act of 1934, firms must provide customers expected to participate in an IPO with a preliminary prospectus at…

August 27, 2025 BY Sam Boughedda

FCA Approves LSE as First Operator of New Private Stock Market PISCES

PISCES, or the Private Intermittent Securities and Capital Exchange System, will allow buyers and sellers of shares in private companies to trade on an intermittent basis. It is the world’s first regulated private stock market and will operate initially within the FCA’s financial markets infrastructure sandbox before a permanent regime is finalised in 2030. Simon…

August 27, 2025 BY Sam Boughedda

TerraCom Fined $7.5 Million in ASIC Whistleblower Case

The case centred on two ASX announcements made by TerraCom in February and April 2020, along with an open letter published in the Australian Financial Review and The Australian in March 2020. In these communications, the company claimed that allegations made by a whistleblower were false and that its employees had been independently cleared. TerraCom…

August 26, 2025 BY Sam Boughedda

ASIC Sues Equity Trustees Over Alleged Superannuation Due Diligence Failures

The Australian Securities and Investments Commission (ASIC) said Equity Trustees oversaw the investment of about A$160 million in retirement savings into Shield across 2023 and 2024. The fund had “no track record,” ASIC said, and thousands of members ultimately saw their balances reduced. ASIC Deputy Chair Sarah Court said: “Instead of acting as an effective…

August 26, 2025 BY Sam Boughedda

Standard Chartered and Ant International Unveil AI-Powered FX and Treasury Solution

The companies said in a press release that the collaboration expands their partnership from blockchain to AI-enabled global cash management, aiming to cut foreign exchange costs and improve risk management for Ant International and its clients. Both companies are participants in the Monetary Authority of Singapore’s PathFin.ai programme, which seeks to advance AI adoption in…

August 26, 2025 BY Sam Boughedda

Carlyle to Acquire intelliflo from Invesco in $200m Deal

The purchase price is comprised of $135 million at closing, which is expected in the fourth quarter of this year, subject to certain closing conditions, and up to an additional $65 million in potential future earn-outs. The transaction includes intelliflo’s U.S. subsidiaries, RedBlack and intelliflo Portfolio. The company said intelliflo's US-based subsidiaries will be established…

August 25, 2025 BY Sam Boughedda

HKEX Posts Record Half-Year Profit as IPO Market Rebounds

Revenue and other income rose 33 per cent year-on-year to HK$14.08 billion, while profit attributable to shareholders climbed 39 per cent to HK$8.52 billion. The exchange operator said core business revenue grew 34 per cent, supported by record volumes in the cash equities and stock options markets, alongside higher depository fees and increased net investment…

August 25, 2025 BY Sam Boughedda

FINRA Fines U.S. Bancorp Investments $500,000 Over Reporting Failures

Between April 2020 and August 2023, USBI reportedly did not submit 42 SARs because it applied an incorrect monetary threshold when assessing suspicious transactions. The firm used the $25,000 reporting threshold applicable to banks instead of the $5,000 threshold required for broker-dealers. FINRA added that as a result, activity involving account intrusions, identity theft and…

August 25, 2025 BY Sam Boughedda

Nomura to Launch First Cross-Listed ETFs in Japan and Taiwan

The company announced that the ETFs will debut on the Tokyo Stock Exchange and the Taiwan Stock Exchange on 18 September. The move is expected to give investors in Japan and Taiwan easier mutual access to each other’s capital markets while diversifying investment opportunities. In Japan, Nomura will introduce the “NEXT FUNDS TIP FactSet Taiwan…

August 22, 2025 BY Sam Boughedda

Deutsche Börse Group Opens Technology and Operations Hub in Hyderabad

The German stock exchange operator said the centre will serve as a strategic hub for technology and innovation, supporting capital markets platforms as well as artificial intelligence, cybersecurity, enterprise IT and cloud engineering. The firm added that it complements its existing global IT hubs and is expected to play a key role in its long-term…

Category: Financial Services