Category: Financial Services

moex volumes report
August 30, 2019 BY Valentina Kirilova

Moscow Exchange to introduce zero fee for liquidity consumers on FX Market

Moscow Exchange (MOEX) announced yesterday that they have launched zero fee for liquidity consumers on FX Market, effective September 2. An asymmetric maker ("taker") fee will apply to USD/RUB trading with today settlement and a speedbump mechanism (USDRUB_TDB instrument). Liquidity consumers, called 'takers', can now pay zero trading fee while liquidity providers, also named 'makers',…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
August 30, 2019 BY Valentina Kirilova

ANI Development LLC charged with defrauding approximately 50 retail investors

The Securities and Exchange Commission today announced that it has shut down $300 million fraud perpetrated by San Diego company ANI Development LLC and Its Principal, Gina Champion-Cain. According to the regulator, the company has defrauded approximately 50 retail investors. Back in 2012, ANI Development LLC fraudulently raised hundreds of millions of dollars from investors…

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regulations
August 27, 2019 BY Valentina Kirilova

ESMA does not surprise with the positive opinion on Slovenia's CFD restrictions

The European regulator ESMA has earlier today issued its positive opinion on product intervention measures taken by Slovenia and its National Competent Authority (NCA). According to the EU watchdog, the proposed measures are justified and proportionate. NCA needs to take product intervention measures that are at least as stringent as ESMA’s measures. However, Slovenia’s Securities…

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sfc warning
August 27, 2019 BY Valentina Kirilova

GEM-listed Ching Lee Holdings Limited shares manipulated

The Hong Kong Securities and Futures Commission (SFC) has commenced proceedings against a group of local and overseas investors suspected of manipulating the shares of GEM-listed Ching Lee Holdings Limited (Ching Lee) through a large scale and highly organised manipulative scheme. The proceedings were initiated on 11 July 2019 when the SFC applied for urgent…

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moex volumes report
August 23, 2019 BY Valentina Kirilova

MOEX announces strong financial results for Q2 2019

Moscow Exchange (MOEX) has today released its financial results for Q2 2019. Highlights include: Fee and commission income was up 10.7% to RUB 6,561.8 mln on the back of strong performance of nearly all markets. Net interest income (NII) increased by 9.4%. Net Income was RUB 5,902.6 mln, up 21.3%. Exceptional performance of the Bond…

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Australia cfh office
August 22, 2019 BY Valentina Kirilova

ASIC to completely ban binary options and restrict CFDs sale

Australian regulator ASIC have once again expressed their concern regarding consumers who trade binary options. According to the regulator, consumers continue to suffer significant harm from trading these products, despite the regulatory measures taken so far. The main notable points in ASIC's latest consultation paper are: Leverage restrictions of maximum 1:20 Imposed margin closeout level…

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fca warning
August 21, 2019 BY Valentina Kirilova

FCA warns against three unauthorized companies

UK financial regulator Financial Conduct Authority (FCA) has issued three more warnings this week, this time against several unregulated financial services providers targeting UK consumers. The FCA’s latest warnings are against the companies: Breckland Trading Highsmith Capital Partners Rendex Trading The companies are not authorized by the FCA but have been targeting people in the…

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regulations
August 20, 2019 BY Valentina Kirilova

MFSA restricts the sale of CFDs for retail clients

The Malta Financial Services Authority (MFSA) informed today that it has updated the Conduct of Business Rulebook, announcing permanent restrictions regarding the marketing, distribution or sale of Contracts for Differences (CFDs) to retail investors. During the last years, the European market has witnessed a rapid increase in the marketing, distribution or sale of CFDs to…

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