On 19 July 2017, the Moscow Exchange Index Committee agreed amendments to the calculation methodology for the MOEX indices, which reflected increased liquidity requirements for constituent stocks and an option for a variable amount of securities in the index. According to the updated methodology, the liquidity factor, i.e. the ratio of the annual trading volume…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Oxford Capital Partners. 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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The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today published its first Enforcement Newsletter. The newsletter will be published twice a year, and will include news and updates on the enforcement work undertaken by the Exchange. This issue covers the first six months of 2017…
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The Securities and Exchange Commission (SEC) has announced that is giving away a record $61 million award to two whistleblowers for helping make the case that JPMorgan Chase & Co. (NYSE:JPM) failed to disclose to wealthy clients that it was steering them into investments that would be most profitable for the bank, Bloomberg shared yesterday. The…
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Singapore Exchange (SGX) announced that today has welcomed Union Gas Holdings Limited to Catalist under the stock code “1F2”. Union Gas Holdings Limited is an established provider of fuel products in Singapore, with a strong heritage of over 40 years and trusted brand names “Union” and “Cnergy” under its management. It is one of the…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced the settling of charges against Arthur Toole III of Atlanta, Georgia and his companies Billionaire Investor Group (BIG), a Texas limited liability company, The Toole Group Inc., a Texas corporation, and Catalyst Traders LLC, a Georgia limited liability company, for misappropriating commodity pool funds, fraudulent misrepresentations, commingling pool funds,…
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The European Securities and Markets Authority (ESMA) announced that has established a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SEBI) under the European Markets Infrastructure Regulation (EMIR). The MoU establishes cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorised or recognised in India,…
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Toronto Stock Exchange (TSX) today announced that it has reached a significant milestone with 500 exchange traded funds (ETFs) listed. This number has more than doubled in the past five years, bringing the total market capitalization of listed ETFs to approximately $130 billion as of June 30, 2017. Reaching 500 ETFs is an incredible milestone…
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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 UK Tech Protect Limited. UK Tech Protect Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…
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ASIC announced that is consulting on proposals to refine and update ASIC’s regulatory guidance on the licensing regime for financial markets. Consultation Paper 293 Revising the market licence regime for domestic and overseas operators (CP 293) proposes introducing a two-tiered market licence regime, based on a risk-based assessment. The second tier of licence will be…
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