Category: Financial Services

October 06, 2017 BY Valentina Kirilova

SIX Exchange Regulation issues an investigation against Banque Cantonale de Genève

SIX Exchange Regulation just announced that has opened an investigation against Banque Cantonale de Genève on account of a possible breach of regular reporting obligations. SIX Exchange Regulation, which monitors and enforces issuer obligations on behalf of SIX Swiss Exchange Ltd, opened an investigation against Banque Cantonale de Genève on 4 October 2017 on account…

Read more
asic bans
October 06, 2017 BY Valentina Kirilova

ASIC bans director of unlicensed payday lender

ASIC announced that has banned Mr Robert Legat from engaging in credit activities for a period of three years following a penalty decision of the Federal Court on 10 March 2017. The Court had previously found that payday lenders Fast Access Finance Pty Ltd, Fast Access Finance (Beenleigh) Pty Ltd and Fast Access Finance (Burleigh…

Read more
October 05, 2017 BY LeapRate Staff

SEC charges Michael Scronic with multi million dollar options investment ponzi scheme fraud

The U.S. Securities and Exchange Commission today charged a Westchester, New York-based investment adviser with fraud stemming from lies to retail investors about the value of their investments in a Ponzi-like scheme. The SEC alleges that, starting in approximately 2010, Michael Scronic began to raise money from at least 42 friends and acquaintances, many of…

Read more
FINRA's 2018 volume tops 2017 activity by 87%
October 05, 2017 BY Valentina Kirilova

FINRA receives SEC approval to streamline competency exams

The U.S. Securities and Exchange Commission (SEC) announced that has approved the Financial Industry Regulatory Authority’s rule proposal to streamline competency exams and expand opportunities for prospective securities professionals seeking to enter or re-enter the securities industry. FINRA today issued Regulatory Notice 17-30 announcing an Oct. 1, 2018, effective date for the rule change. Under…

Read more
clone firm FCA warning
October 05, 2017 BY Valentina Kirilova

FCA warns against Northill Global clone firm

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

Read more
October 05, 2017 BY Valentina Kirilova

Clearstream submits CSDR licence application

The Clearstream CSDs (Clearstream Banking S.A., Clearstream Banking AG and LuxCSD) announced that has submitted their applications for their Central Securities Depositories Regulation (CSDR) licences on Friday 29 September 2017. This represented a significant milestone in the CSDR timeline as CSDR’s authorisation process requires CSDs to submit an application for authorisation to the relevant local…

Read more
October 05, 2017 BY Valentina Kirilova

CBOE Holdings releases September volumes report, CBOE Volatility Index reaches a new all-time high

CBOE Holdings, Inc. (NASDAQ: CBOE) has today reported September monthly trading volume and average revenue per contract (RPC)/net revenue capture data. For comparability and informational purposes, the table below presents trading volume on a combined basis, as of January 1 of each year, to reflect information pertaining to Bats Global Markets, Inc., which was acquired…

Read more
A look at the ASX 200 as it heads into its third decade of trading
October 05, 2017 BY Valentina Kirilova

ASX Group September volumes report shows steady results

ASX Group just announced its September volumes report. The value of ASX-listed stocks, as measured by the All Ordinaries Index, fell 0.5% in September 2017. This performance was similar to other major markets, including Singapore down 1.7%, Hong Kong down 1.5% and the UK down 0.8%. Germany was up 6.4%, Japan up 3.6% and the…

Read more
October 05, 2017 BY Valentina Kirilova

TMX Group announces September volumes, Montréal Exchange with a new open interest record

TMX Group Limited (TSX:X) just announced September 2017 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX. MX achieved a new open interest record on the Three-Month Canadian Bankers' Acceptance Futures (BAX) with 1,158,188 contracts reached on September 6, 2017. Toronto Stock Exchange's…

Read more