The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Blue Insurance UK. 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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Market depth, transaction cost, order lifespan, order-to-trade ratio: the Autorité des marchés financiers (AMF) informed that it has reviewed the initial effects of the European harmonised tick size regime resulting from the new MiFID II framework for markets in financial instruments. This very first reading indicates an overall improvement in market quality. European legislators introduced…
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Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced that it plans to launch Cboe Market Close (CMC) on the company’s BZX Exchange on Monday, August 20, 2018, contingent upon the Securities and Exchange Commission (SEC) reaffirming the staff’s initial approval. The creation of CMC, an alternative mechanism to primary market closing auctions that take place…
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The U.S. Securities and Exchange Commission announced charges against Wedbush Securities Inc. for failing to supervise employee Timary Delorme after the broker-dealer ignored numerous red flags indicating that Delorme was involved in a long-running pump-and-dump scheme targeting retail investors. Delorme agreed to settle fraud charges stemming from the same scheme. This is the second SEC…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Credit Extra Cash. 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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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have issued a joint consultation on further enhancements to the over-the-counter (OTC) derivatives regulatory regime in Hong Kong, including a proposal to mandate the use of the Legal Entity Identifier (LEI) for the reporting obligation. To align with global standards, all entities…
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Stockholms läns landsting (Stockholm County Council) has announced that it has listed a SEK 1bn green bond from its €4bn EMTN Programme on the Main Securities Market (MSM) of the Irish Stock Exchange (ISE). The green bond has a maturity date of November 2023 and an interest rate of 1% per annum. Stockholms läns landsting…
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Financial markets operator Euronext NV (EPA:ENX) has just announced the completion of the acquisition of 100% of the shares and voting rights of the Irish Stock Exchange plc (ISE), for €137 million, after receiving regulatory approvals. The deal comes after Euronext expanded into FX earlier this year with its acquisition of institutional Forex ECN FastMatch for $153 million.…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Money Saving Expert. 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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The Court of Appeal on Friday, 23 March 2018, has dismissed an appeal by former director of LFE Corporation Bhd (LFE), Alan Rajendram a/l Jeya Rajendram, against his conviction for furnishing false statements to Bursa Malaysia Securities Bhd (Bursa) in 2007. In 2012, Alan, 62, was sentenced to one year jail and fined a total…
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