Category: Financial Services

SGX announces trading volumes
November 29, 2017 BY Valentina Kirilova

SGX to make securities settlement and clearing safer and aligned with global practices

Singapore Exchange (SGX) plans to make changes in the clearing and settlement of securities in the Singapore stock market. The changes proposed today are aimed at reducing systemic risks and aligning the clearing and settlement processes of the Singapore market with global practices. They will also strengthen Singapore’s position as an international financial centre,” said…

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fca
November 29, 2017 BY Valentina Kirilova

FCA investigating Artemis, Hargreave Hale, Newton, and River & Mercantile for IPO price collusion

The Financial Conduct Authority (FCA) has issued a statement of objections to four asset management firms: Artemis Investment Management LLP, Hargreave Hale Ltd, Newton Investment Management Limited, and River & Mercantile Asset Management LLP. The FCA believes the four firms may have broken competition law. The FCA alleges that the four firms shared information by…

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fca warning
November 29, 2017 BY Valentina Kirilova

FCA warns against Taylor and Clark / TC Wealth 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 Taylor & Clark / Taylor and Clark / TC Wealth. Taylor & Clark / Taylor and Clark / TC Wealth is not authorised by the FCA…

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STOXX Low Carbon products licensed to Italian bank IMI
November 29, 2017 BY Valentina Kirilova

STOXX changes composition of benchmark indices

STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced the new composition of STOXX Benchmarks and their sub and sector indices, among them the STOXX Europe 600 Index, STOXX North America 600 Index and STOXX Asia/Pacific 600 Index. Effective as of the…

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November 29, 2017 BY Valentina Kirilova

Equities of Swedish companies now tradable at Boerse Stuttgart

Boerse Stuttgart and its Scandinavian subsidiary, Nordic Growth Market (NGM), announced that they are combining their services in the equity segment: Swedish public limited companies listed on the NGM can now seek a secondary listing in Stuttgart. One of the conditions set for obtaining a secondary listing is an investor relations service in English. The…

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BIS announces key appointments in Singapore and Switzerland
November 29, 2017 BY Valentina Kirilova

Bursa Malaysia Berhad announces change of Director to its subsidiaries

Bursa Malaysia Berhad today announced the appointment of Mr. Christopher Lee Fix to the Board of Directors of its subsidiary, Bursa Malaysia Derivatives Berhad (BMD) and its clearing house, Bursa Malaysia Derivatives Clearing Berhad (BMDC). The appointment of Mr. Christopher Lee Fix was nominated by Chicago Mercantile Exchange Group Inc. (CME Group Inc. (NASDAQ:CME)) which…

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SchoolofTrade fraud
November 28, 2017 BY LeapRate Staff

SchoolofTrade.com owners to pay $4.9 million in trading system fraud

The U.S. Commodity Futures Trading Commission (CFTC) obtained a Consent Order against Defendants Joseph Dufresne (a/k/a/ Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, and their companies, United Business Servicing, LLC and United Business Servicing, Inc., doing business as SchoolofTrade.com (SoT), who were charged with fraud and other violations in connection with the offer and sale…

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November 28, 2017 BY Valentina Kirilova

ASIC bans South Australian financial adviser for three years

ASIC just announced that has banned Mr Ramana Rao of Heathpool, South Australia, from providing financial services for three years because he was not adequately trained or competent and demonstrated a lack of professionalism, judgement and integrity when advising some of his SMSF clients. ASIC found that Mr Rao had advised one of his clients…

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