The Financial Conduct Authority (FCA) has informed the public that it has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days. Financial services firms are required to maintain robust anti-money laundering (AML) systems and controls, since they are at risk from those seeking to…
Read moreThe Financial Markets Authority (FMA) has just issued a warning to a company called Oracle Finance International Inc Limited. The reason the regulator stated the warning is that Oracle Finance International Inc Limited and the following websites are making false claims about being registered in New Zealand when they are not: www.oracle-fx.com http://tg.oracle-fx.com/list-2-1.html http://630264.shop.258.com/ http://www.gq1688.com/index.php?homepage=zj41973…
Read moreOn Tuesday, Deutsche Börse announced changes to its selection indices, which will become effective on 18 June 2018. Scout24 AG, Delivery Hero AG and Puma SE will be included in the MDAX index and will replace the shares of STADA Arzneimittel AG, Krones AG and alstria office REIT-AG. As of 13 July 2018, STADA will…
Read moreThe Gibraltar Blockchain Exchange (GBX) has announced its digital asset exchange soft launch, which will see 300 retail account holders, as well as a select number of institutional participants, introduced to the platform during this exclusive early access period. These participants will have access to the full GBX digital asset exchange, serving as the first…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Primus Forex Financial Group. 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 moreAustralian regulator Australian Securities and Investments Commission (ASIC) has announced earlier today that Australian financial services licensee Allied Financial Solutions Pty Ltd (Allied) will undergo an independent external review of its record keeping, supervision and compliance arrangements following an ASIC surveillance. During a surveillance of an Allied authorised representative, ASIC found that Allied had failed…
Read moreThe Ontario Securities Commission (OSC) announced today that David Singh of Richmond Hill, Ontario has been charged with fraud and related offences under the Securities Act (Ontario) following an investigation by the OSC’s Joint Serious Offences Team (JSOT). Mr. Singh has been charged with the following offences under the Securities Act: one count of trading…
Read moreSTS Group AG (DE000A1TNU68) was just listed on the Frankfurt Stock Exchange today, Deutsche Börse announced earlier. The automotive supplier is now in the Prime Standard segment and achieved an initial listing price of €24.00, following an issue price of €24.00. This takes the number of IPOs in Frankfurt since the beginning of the year…
Read moreASIC has just informed the public that it has permanently banned Desiree Veronica Macpherson from providing financial services. ASIC found that in relation to Ms Macpherson’s involvement with the development and promotion of the Newman Estate Project in the Pilbara region of Western Australia that Ms Macpherson had engaged in misleading and deceptive conduct, that…
Read moreDeutsche Börse holds over 180 tonnes of gold in safe custody for first time / Cash markets’ May turnover up 10 per cent and totals €145.8 billion While the trading volume on Deutsche Börse's cash markets in May with €145.8 billion was about ten percent higher than in May 2017, the gold holdings of Deutsche…
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