Category: Financial Services

csa report
August 01, 2017 BY Valentina Kirilova

CSA publishes annual report outlining investor education campaigns and activities

The Canadian Securities Administrators (CSA) today published an annual activity report outlining its investor education and outreach efforts over the past year. The CSA Investor Education Committee continues to prioritize investors’ needs and develop innovative ways to help Canadians understand more about their finances,” said Louis Morisset, CSA Chair and President and CEO of the…

Read more
August 01, 2017 BY Valentina Kirilova

New Zealand FMA warns against China FX broker VHTrade

The FMA noted a recent warning by the Hong Kong Securities and Futures Commission against China FX broker VHTrade. The FMA is concerned that Vhtrade International Financial Group claims to be registered on the FSPR when they are not. Vhtrade International Financial is operating at website www.vhtrade.cn. The address given is 4B, Jinwei Commercial Building,…

Read more
July 31, 2017 BY LeapRate Staff

SEC files fraud charges against four Atlanta area brokers targeting Federal retirees

The U.S. Securities and Exchange Commission today charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into higher-fee, variable annuity products. The four former brokers charged are Christopher S. Laws, Jonathan D. Cooke, Danny S. Hood, and Brandon P. Long. The…

Read more
July 31, 2017 BY admin

Vienna Stock Exchange launches next-gen T7 Trading Technology

The Vienna Stock Exchange (VSE) is opening up a new dimension in electronic trading in Austrian and international stocks today. After having run the exchange for 17 years on the Xetra system, the Vienna Stock Exchange is now going live with the T7 trading system, next generation global trading technology. The system is provided by…

Read more
clone firm FCA warning
July 31, 2017 BY Valentina Kirilova

FCA warns against Merit Loans clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Merit Loans. 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
July 31, 2017 BY Valentina Kirilova

OTC Markets Group welcomes Aerkomm to OTCQX

OTC Markets Group Inc. (OTCMKTS: OTCM), operator of financial markets for 10,000 U.S. and global securities, has today announced that Aerkomm Inc. (OTCQX: AKOM), a holding company whose operating subsidiary is developing in-flight connectivity and entertainment, or IFEC, solutions, has qualified to trade on the OTCQX® Best Market. Aerkomm upgraded to OTCQX from the OTCQB®…

Read more
Hong Kong SFC
July 31, 2017 BY Valentina Kirilova

SFC identifies irregularities in private funds and discretionary accounts

The Hong Kong Securities and Futures Commission (SFC) has today issued a circular expressing its concerns about the management of some private funds and discretionary accounts. During the SFC’s supervision of licensed corporations engaged in the asset management business, a number of private funds and discretionary accounts with concentrated, illiquid and interconnected investments were found…

Read more
July 31, 2017 BY Valentina Kirilova

Securities Commission reprimands Telent Outdoor, bans two HK citizens for life

Securities Commission Malaysia (SC) has reprimanded a China-based sports equipment company, Telent Outdoor (Hong Kong) Technology Co. Ltd (Telent), and imposed a permanent moratorium on two of its directors for submitting false information. Hui Tang Tat and his father, Hui Chi Keung, are the Executive Director and Managing Director of Telent respectively. The individuals, both…

Read more