Category: Financial Services

Lingxi ,China Finance Online Co. Limited
December 08, 2017 BY Valentina Kirilova

Asia Equity Exchange Group closes a private placement for $15 million of common shares

Asia Equity Exchange Group, Inc. (OTCMKTS:AEEX), an equity investment and financing information services provider in Asia, announced today that it has completed a self-directed private placement (the "Placement") of 4,300,000 shares of common stock of the Company for $3.5 per share pursuant to a Subscription Agreement dated November 21, 2017 (the "Subscription"). The gross proceeds…

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clone firm FCA warning
December 08, 2017 BY Valentina Kirilova

FCA warns against Herald Investment Trusts clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Herald Investment Trusts. 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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UN report says North Korea laundered $2 billion theft via Hong Kong firm
December 08, 2017 BY Valentina Kirilova

SEC charges broker with defrauding investors

The Securities and Exchange Commission (SEC) informed that it has charged a registered representative in Pennsylvania with operating a long-running offering and investment advisory fraud. The SEC’s complaint, filed in federal court in Philadelphia, alleges that Paul W. Smith raised approximately $2.35 million from approximately 30 investors – many of whom were his brokerage customers…

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fca warning
December 08, 2017 BY Valentina Kirilova

FCA warns against Asset Link International 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 Asset Link International. Asset Link International is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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SFC fines
December 08, 2017 BY Valentina Kirilova

ASP Asoted Services Ltd fined €16,000 by CySEC

The Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to inform the public that, at its meeting held on 25th September 2017, it decided to impose administrative fines totalling €16,000 on ASP Asoted Services Ltd for non-compliance with: Sections 58(a) and 58(c) of The Prevention and Suppression of Money Laundering and Terrorist Financing…

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asic afs license
December 08, 2017 BY Valentina Kirilova

ASIC cancels AFS license of Michael James Haley

The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) license of Michael James Haley after finding he has ceased to carry on a financial services business. Mr Haley's AFS license cancellation became effective on 1 November 2017. ASIC may suspend or cancel an AFS license, by giving written notice, if…

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Wolters Kluwer Ustocktrade
December 07, 2017 BY LeapRate Staff

Ustocktrade selects Wolters Kluwer’s GainsKeeper Brokerage solution for cost basis reporting

Risk and compliance solutions provider Wolters Kluwer has announced that Ustocktrade Securities, Inc. (USTS), the first alternative trading system designed exclusively for retail investors, has selected Wolters Kluwer’s GainsKeeper Brokerage solution for cost basis reporting. The solution uses a suite of smart tools that helps firms calculate, track and report cost basis, adjusted for corporate…

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