Category: Financial Services

cnmv spain forex regulation
August 16, 2017 BY Valentina Kirilova

Spain regulator CNMV warns against several unregistered entities

The National Securities Market Commission (CNMV) publishes the following list of warnings reported on unregistered entities that were received through international supervisors (in this case - the UK financial regulator Financial Conduct Authority (FCA)): Paramount Law Boston, operating at www.paramountlawboston.com Money Solutions UK Higa and Partners, operating at www.HigaandPartners.com Kleinwort Benson (Ventures),operating at www.kwbenson.com, and The…

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August 16, 2017 BY Valentina Kirilova

MFSA issues an administrative measure against P.D.K. Financial Services Limited

The Malta Financial Services Authority (MFSA) has just issued an administrative measure against P.D.K. Financial Services Limited (the Financial Institution) for failure to communicate with the Authority and to submit its audited financial statements within the stipulated timeframes. P.D.K. Financial Services Limited has been directed to: make immediate contact with the Authority, preserve and safeguard…

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SFC fines
August 16, 2017 BY Valentina Kirilova

Copersucar Trading A.V.V. to pay a $300,000 CFTC fine for executing wash trades on ICE

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Copersucar Trading A.V.V. (Copersucar), an Aruban corporation and a subsidiary of Copersucar S.A., the world’s largest sugar and ethanol company, based in São Paolo, Brazil, for executing prearranged, noncompetitive wash trades involving Sugar No. 11 futures Trade at Settlement…

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SFC fines
August 15, 2017 BY LeapRate Staff

KPMG to pay $6.2 million SEC fine following audit failures

The U.S. Securities and Exchange Commission today announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being misinformed about the energy company’s value. KPMG’s engagement partner in charge of the audit also…

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fca warning
August 15, 2017 BY Valentina Kirilova

FCA warns against Router Bank / Routar Bank 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 Router Bank / Routar Bank. Router Bank / Routar Bank is not authorised by the FCA but has been targeting people in the UK and is…

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IOSCO issues statement on liquidity risk management recommendations for investment funds
August 15, 2017 BY Valentina Kirilova

IOSCO consults on recommendations to improve transparency of corporate bond markets

Corporate bond markets are a significant part of the global capital markets and a critical source of financing for economic growth. Since 2004, various developments have impacted corporate bond markets. These include changes in regulation as well as the market structure; the entrance of new participants; a shift from the traditional dealer-based principal model to…

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Qatar Stock Exchange launches its annual IR Excellence Program
August 15, 2017 BY Valentina Kirilova

Investment Holding Group listed on Qatar Stock Exchange

Yesterday Investment Holding Group was listed on Qatar Stock Exchange (QSE) to raise the number of listed companies to 45. Mr Mohamad Ghanim Al-Hodaifi,Deputy CEO of Investment Holding Group, rang the market-opening bell today to celebrate the listing on Qatar Stock Exchange. The ceremony was also attended by Mr. Misnad Abdul Latif Al-Misnad, CEO of…

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fca warning
August 15, 2017 BY Valentina Kirilova

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

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