Category: Financial Services

Regulation
December 12, 2017 BY Valentina Kirilova

ASIC’s regulatory sandbox proposal to remain unchanged

ASIC has today released a review of its regulatory sandbox, introduced in December 2016. In the review ASIC proposes to retain class waivers known as the fintech licensing exemption, that allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or credit licence. ASIC had committed to reviewing…

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insider trading
December 11, 2017 BY LeapRate Staff

Day trader Joseph Spera charged with Insider Trading

The U.S. Securities and Exchange Commission has charged a former day trader with making more than $1 million in illegal insider trading profits as part of a ring that allegedly stole confidential information from investment banks and clients so they could trade in advance of secondary stock offerings. The SEC alleges that Joseph Spera schemed…

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DFSA
December 11, 2017 BY Valentina Kirilova

Luxembourg regulator CSSF fines shareholder of Orco Property Group S.A.

The Commission de Surveillance du Secteur Financier (CSSF) informed that it has sanctioned the ultimate and indirect controlling shareholder (the “Sanctioned Person”) of Orco Property Group S.A. (the “Issuer”) for market manipulations on the shares of the Issuer (ISINLU0122624777) in accordance with the provisions of the Law of 9 May 2006 on market abuse (the…

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fca warning
December 11, 2017 BY Valentina Kirilova

FCA warns against Carus Solutions Ltd firm

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 firm Carus Solutions Ltd. Carus Solutions Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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clone firm FCA warning
December 11, 2017 BY Valentina Kirilova

FCA warns against Amundi Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Amundi Asset Management. 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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clone firm FCA warning
December 11, 2017 BY Valentina Kirilova

FCA warns against Waybridge Financial clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Waybridge Financial. 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 to…

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CFTC offices
December 08, 2017 BY Valentina Kirilova

CFTC releases Rule Enforcement Review of CBOT, CME, COMEX, and NYMEX

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) has issued the results of a rule enforcement review that recommends the exchanges reviewed make certain improvements as noted below. The Division reviewed the Chicago Board of Trade (CBOT), the Chicago Mercantile Exchange (CME), the Commodity Exchange, Inc. (COMEX), and the New York Mercantile…

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