Category: Financial Services

January 19, 2018 BY Valentina Kirilova

HSBC Holdings agrees to pay more than $100 million to resolve fraud charges

HSBC Holdings plc (NYSE:HSBC) announced that it has entered into a three-year deferred prosecution agreement with the US Department of Justice (DoJ) to resolve the DoJ’s investigation into HSBC’s historical foreign exchange sales and trading activities within its Global Markets business. Under the agreement, HSBC will pay a total of US$101.5m, including a US$63.1m fine…

Read more
The Entrepreneurs Headquarters fraud
January 19, 2018 BY LeapRate Staff

Dillon Michael Dean and The Entrepreneurs Headquarters Limited charged in Bitcoin and Binary Options fraud scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado, and his company The Entrepreneurs Headquarters Limited, a UK-registered company. The CFTC Complaint charges Dean and The Entrepreneurs Headquarters with engaging in…

Read more
New BIS report cites “internalization” by large banks for 7% volume drop
January 19, 2018 BY Valentina Kirilova

IIROC releases latest Compliance Priorities Report

The Investment Industry Regulatory Organization of Canada (IIROC) today published its annual Compliance Priorities Report, highlighting the past year's compliance and registration achievements and areas of focus for the year ahead. IIROC protects investors and the integrity of Canadian markets by setting and upholding high regulatory standards," says Victoria Pinnington, Senior Vice-President, Market Regulation and…

Read more
Cboe ETF Marketplace Cboe Global Markets Inc. (Nasdaq: CBOE)
January 19, 2018 BY Valentina Kirilova

Cboe welcomes new issuer Barclays to ETF Marketplace

Cboe Global Markets, Inc. (Nasdaq: CBOE) today welcomed new issuer Barclays to the Cboe ETF Marketplace, with the launch of two exchange-traded notes (ETNs), together the “New ETNs”. The iPath® Series B S&P 500® VIX Short-Term Futures ETN (Cboe: VXXB) is designed to provide investors with exposure to the performance of the S&P 500® VIX…

Read more
WFE World Federation of Exchanges
January 18, 2018 BY Valentina Kirilova

WFE publishes best practice guidelines for cyber security compliance

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, has today published a set of best practice guidelines for market infrastructures designed to engender a staff culture of cyber security compliance. The paper takes a behavioural approach to the issue, as evidence shows that moving away…

Read more
January 18, 2018 BY Valentina Kirilova

Bermuda Stock Exchange issues Legal Entity Identifiers

The Bermuda Stock Exchange (BSX) today confirmed that it is authorsied to issue Legal Entity Identifiers (LEI) to Bermuda domiciled companies and has been doing so for several months. In making the announcement BSX Operations Manager Mr. Neville Caines noted: The BSX through its relationship with CUSIP Global Services, is now issuing LEIs to Bermuda…

Read more
CySEC
January 18, 2018 BY Valentina Kirilova

CySEC temporary pauses its certification examinations

The Cyprus Securities and Exchange Commission (CySEC) just announced that, no certification examinations (advanced or basic) will be carried out during February and March 2018, due to the up-date of the examination material, in the light of the new Investment Services and Activities and Regulated Markets Law of 2017. The current examination material will be…

Read more
January 18, 2018 BY Valentina Kirilova

ANZ and ASIC reach settlement on suspected third party frauds

ANZ today announced it is filing joint court submissions with the Australian Securities and Investments Commission (ASIC) on an agreed settlement for a number of cases where car finance brokers or dealers engaged in suspected fraud when submitting loan applications on behalf of customers to Esanda between 2013 and 2015. In a statement of agreed…

Read more