Category: Financial Services

Whistleblower
March 31, 2020 BY Steffy Bogdanova

SEC awards over $1 million to whistleblowers

  Norberg added about the third whistleblower: To ensure that important information about securities laws violations is reported to the SEC when appropriate corrective action is not taken by the company, the rules permit awards to compliance professionals in certain limited circumstances. Here, the whistleblower made reasonable efforts to work within the company’s compliance structure,…

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fca warning
March 30, 2020 BY Steffy Bogdanova

Go365.io, SWISS CAPITAL FM and others added to FCA warning list

Go365.io Telephone: +442033186458; +442033186477 Email: [email protected] Website: https://go365.io/ SWISS CAPITAL FM Telephone: +41449746292 Email: [email protected] Website: https://www.swisscapital.fm/ Go Compare the Bond Market / Gocomparethebondmarket.com (Clone of FCA Authorised firm) Website: www.gocomparethebondmarket.com Firm Name: gocompare.com Limited Firm Reference Number: 465053 Address: Imperial House, Imperial Way, Newport, Gwent NP10 8UH Telephone: 01633654060 Email: [email protected] Website: www.gocompare.com Trade99…

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World Federation of Exchanges cautions against banning short-sales
March 30, 2020 BY Steffy Bogdanova

World Federation of Exchanges cautions against banning short-sales

The Federation advises that the measures to ban short-selling are not achieving the desired effect and unlike other circuit breakers and other safeguards put in place to slow markets down, banning short-selling inhibits orderly markets rather than promote them. Circuit breakers allow investors time to absorb and understand information and making their trade decisions more…

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CME Group
March 27, 2020 BY Steffy Bogdanova

CME Group to enter the world of mining

Federighi laid out his vision for CME Group in a letter to the to shareholders filed with the Securities and Exchange Commission. Even as a derivatives trading marketplace, Federighi believes CME Group can explore investment in building energy plants and utilizing the excess energy to mine bitcoin and other cryptocurrencies. Dante Federighi stated in the…

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Zoom stock mix up
March 27, 2020 BY Steffy Bogdanova

SEC saves investors as they mix up Zoom stock

Zoom Technologies, with ticker symbol is “ZOOM,” is a Chinese-based, significantly smaller company. Its stock has reached more than 50% increase this month and almost 900% for the year. SEC said that the company has not disclosed any financial information since 2015. The SEC states: The Commission temporarily suspended trading in the securities of ZOOM…

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fca warning
March 27, 2020 BY Steffy Bogdanova

ISA Finder UK, My Investment Market and others added to FCA warning list

ISA Finder UK Website: www.isafinderuk.com/ My Investment Market Website: www.myinvestmentmarket.com/lander/?msclkid=18af8c0a86dd1b4c9e0fd26d205c2820 Phillip Capital UK (clone of FCA authorised firm) Website: http://www.phillipcapitaluk.cn Avenir Epargne (clone of FCA authorised firm) Address: 12 place de La Défense, 92974 Paris Telephone: +33 9 71 08 18 08, +44 203 828 71 89 Email: [email protected] Website: http://www.avenir-epargne.com Be aware that the…

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ASIC office
March 27, 2020 BY Steffy Bogdanova

The Australian Federal Court finds directors of Storm Financial in breach of duties

The company collapsed in early 2009 and around 3,000 of its 14,000 clients were in negative equity positions, sustaining significant losses. The majority of investors in Strom Financial were retired or approaching and planning their retirement. They had limited income, few assets and little chance of rebuilding their financial position after the failed investments. ASIC…

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March 26, 2020 BY Steffy Bogdanova

UK regulators issue a joint letter to the UK banks to protect the UK economy and jobs

The UK regulation authorities announced last week a set of unprecedented measures to support UK businesses and protect jobs: For large firms of investment grade or equivalent, the COVID Corporate Financing Facility (CCFF) will provide additional help to address disruptions in the cashflow caused by the Covid-19 pandemic. For small and medium-sized businesses (SMEs), the…

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