Category: Financial Services

July 17, 2019 BY Valentina Kirilova

AR Capital LLC charged with wrongfully obtaining millions of dollars

The Securities and Exchange Commission (SEC) has yesterday informed the public that it has charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining millions of dollars in connection with two separate mergers between real estate investment trusts (REITs) that were sponsored and externally managed by AR…

Read more
clone firm FCA warning
July 17, 2019 BY Valentina Kirilova

UK FCA issues two more clone firm warnings

It's been quite a busy week for the UK Financial Conduct Authority (FCA), as it has put out details of two more clone firms today. The newest clone names are Globality Wealth and The Money Supermarket. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work…

Read more
fma warning
July 17, 2019 BY Valentina Kirilova

FSC Mauritius warns against unregulated Blackcore Ltd firm

Mauritius financial regulator the Financial Services Commission (FSC) has announced that an entity in the name of Blackcore Ltd is operating an online trading platform via the website https://blackcorerb.com/ and is claiming to be purportedly registered in Mauritius with licence number BL 713685. It is also noted from another website (https://invertirenacciones.net/black-core-en-panama-unbroker-confiable/) that Blackcore Ltd is…

Read more
ESMA bond liquidity data
July 16, 2019 BY Valentina Kirilova

ESMA consults on performance fee guidelines for retail funds

Busy days for the EU’s securities markets’ regulator ESMA, as the regulator has just published a public consultation on draft guidelines on performance fees under the Undertakings for Collective Investments in Transferable Securities (UCITS) Directive. LeapRate reminds that last week, ESMA has published a statement, addressed to providers marketing, distributing or selling CFDs to retail…

Read more
SEC
July 16, 2019 BY Valentina Kirilova

Nomura pays misled bond clients $25m after SEC charges

The Securities and Exchange Commission (SEC) has yesterday informed the public that it has instituted two related enforcement actions against Nomura Securities International Inc. The Japanese financial holding company has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities. Nomura bond traders made false and misleading…

Read more
fca warning clone firm
July 16, 2019 BY Valentina Kirilova

UK FCA issues two more clone firm warnings

The UK Financial Conduct Authority (FCA) has put out details of two more clone firms this week - J and E Davy and AZR Capital. 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…

Read more
DFSA
July 15, 2019 BY Valentina Kirilova

ESMA fines the trade repository Regis-TR S.A. €56,000 for data access failures

EU’s securities markets’ regulator ESMA has just informed the public that it has fined the trade repository Regis-TR S.A. €56,000 for negligently failing to provide to regulators direct and immediate access to details of derivative contracts. The European Markets and Infrastructure Regulation (EMIR) requires TRs to provide derivative contracts information as well as other data…

Read more
clone firm FCA warning
July 15, 2019 BY Valentina Kirilova

FCA warns against Green Ash Partners LLP clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Green Ash Partners LLP. 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…

Read more
STOXX Low Carbon products licensed to Italian bank IMI
July 15, 2019 BY Valentina Kirilova

STOXX Low Carbon products licensed to Italian bank IMI

Deutsche Boerse Group’s STOXX Ltd. just announced that it has licensed its EURO iSTOXX® 50 Low Carbon NR Decrement 3.75% Index to Banca IMI, Intesa Sanpaolo Group, as an underlying for structured products. This is the first time that an Italian bank is distributing a product linked to a low-carbon index on the Italian market.…

Read more