The Securities and Exchange Commission (SEC) has yesterday charged an analyst at an international investment bank with insider trading. According to the SEC, Bill Tsai, a junior investment broker, had a confidential information about Siris Capital Group's plans to acquire Electronics for Imaging, Inc. (EFII). Tsai was working from the bank's New York office. Knowing…
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Belize financial regulator IFSC has just issued a Warning Notice regarding a company called OptimaFX Global Investment LTD. The new entity is not licensed under the IFSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced on Friday that the U.S. District Court for the Northern District of Georgia has ordered Kevin Andre Perry and Lucrative Pips Corporation to pay $694,799. The company has been charged with defrauding clients and misappropriating nearly $700,000 from more than 50 clients in a forex trading…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Profit Trading Ltd. 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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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 company Thomas and Ward Advisors LLC. Thomas and Ward Advisors LLC is not authorised by the FCA but has been targeting people in the UK and is…
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The Cyprus regulator CySEC has made several announcements yesterday regarding withdrawal of CIF authorisations of several companies. As of August 7, the CIF licences of the companies S.L. Capital Services Ltd, Spot Capital Markets Ltd, DFG Capital (Cyprus) Ltd, Globesco Capital Ltd, have been withdrawn until further notice. CySEC has also announced the withdrawal of…
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Moscow Exchange (MOEX) announced that it has added trading with US Dollar/Japanese Yen (USD/JPY) currency pair to its list of offerings. Trades will be settled same day (T+0), next day (T+1) and on T+2 after the trade date. Оvernight and tom-next swaps will be also available. Тhe currency pair will also be available for OTC…
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The Cyprus regulator CySEC announced that the company Hellenic Secretarial Services Ltd waived its authorisation pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Hellenic’s authorisation with Νumber 131/196 lapsed as from 1st July 2019 and CySEC has permanently deleted Hellenic Secretarial…
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Moscow Exchange (MOEX) just released its trading volumes report for the month of July 2019. Total trading volume across Moscow Exchange’s markets was RUB 72.1 trln last month. The growth leaders were once again the Equity Market (+54.3%), as well as: GCC Repo Market (+53.9%) Derivatives Market (6.6%), including commodities derivatives (+24.6%). Equity & Bond…
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The Polish Financial Authority (KNF) has just released a new category of investor called an experienced retail client. The polish watchdog has also increased the level of leverage up to 100:1 for selected instruments. LeapRate reminds that just a few days ago ESMA issued four opinions on product intervention measures taken by the National Competent…
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