MMT sanctions Greencool’s former chairman for disclosure of false information LeapRate

June 26, 2017 BY Valentina Kirilova

MMT sanctions Greencool’s former chairman for disclosure of false information

The Market Misconduct Tribunal (MMT) today ordered the former chairman and chief executive officer of Greencool Technology Holdings Limited, Mr Gu Chujun, to disgorge $481,969,785 of profit from his market misconduct, Hong Kong SFC just announced. This is the largest disgorgement order amount ever imposed by the MMT to date. On 29 December 2016, the…

June 26, 2017 BY Valentina Kirilova

CAC 40 Dividend Index and AEX Dividend Index Futures now available for U.S. participants on Euronext

Euronext just announced that the U.S. Commodity Futures Trading Commission (CFTC) has confirmed its non-objection for Euronext to grant direct trading access to U.S. participants on the CAC 40® Dividend Index Futures and the AEX® Dividend Index Futures. Effective 13 June 2017, Euronext participants and investors domiciled in the U.S. now have direct trading access…

June 26, 2017 BY Valentina Kirilova

ASIC commences proceedings against former managing director of Banksia Securities Limited

ASIC announced that has commenced civil penalty proceedings in the Federal Court of Australia in Melbourne against Patrick John Godfrey, former managing director of Banksia Securities Limited (In Liquidation). ASIC alleges that: Banksia’s financial reports for the financial years ending 30 June 2011 and 30 June 2012, and the half-year financial report for the half…

June 26, 2017 BY Valentina Kirilova

Avelacom launches low latency access to market data from Saudi Stock Market Tadawul

Avelacom, a global provider of infrastructure and connectivity solutions for trading, announced its network expansion to Riyadh with the aim to allow global capital markets access low-latency, real-time market data feeds across various asset classes of Saudi Stock Market (Tadawul). This market data solution is designed in response to a high demand from the global…

June 26, 2017 BY Valentina Kirilova

ASIC permanently bans former AMP Financial Planning adviser from financial services

ASIC announced that has permanently banned Perth man, David Fong, from providing financial services and engaging in credit activities after it was found that he acted dishonestly in the course of providing financial services and failed to comply with the 'best interests' duty. Mr Fong was an authorised representative of AMP Financial Planning Pty Ltd…

June 26, 2017 BY Valentina Kirilova

CBOE Holdings plans listing of Altice USA (ATUS) Options

CBOE Holdings, Inc. (NASDAQ: CBOE) announced it plans to list options on Altice USA, Inc. (ATUS), a U.S. cable provider. CBOE Holdings anticipates trading in options on Altice USA will begin on Friday, June 30, once the underlying stock has been certified as meeting all of CBOE Holdings' applicable exchanges' listing criteria. The company plans…

June 26, 2017 BY LeapRate Staff

William Hill shutting its online operations in Israel, laying off more than 200

LeapRate Exclusive... LeapRate has learned from sources in Israel that online gaming giant William Hill plc (LON:WMH) will be shutting its operation in Israel. More than 200 of the company's approximately 250 Tel Aviv based employees will be laid off, and the company's offices at the Azrieli Towers (pictured above) will be vacated. A small number…

June 23, 2017 BY Valentina Kirilova

SFC clarifies competence requirements for licensees seeking to enter asset management business

The Hong Kong Securities and Futures Commission (SFC) today issued a circular to clarify certain competence requirements for existing licensed persons seeking to be licensed for Type 9 regulated activity (asset management) and to provide further guidance on how the SFC assesses the competence of a corporation or a responsible officer (RO) to carry on…

June 23, 2017 BY Valentina Kirilova

Japan and Australia cooperate on Fintech

The Japan Financial Services Agency (JFSA) and Australian Securities and Investments Commission (ASIC) today announced the completion of a framework for co-operation to promote innovation in financial services in Japan and Australia. This Co-operation Framework recognises the global nature of innovation in financial services. In this environment, this Framework enables the JFSA and ASIC to…

June 23, 2017 BY Valentina Kirilova

Bursa Malaysia revamps participantship structure for Derivatives Clearing BHD

Bursa Malaysia Berhad today announced it has made amendments to the Rules of Bursa Malaysia Derivatives Berhad (BMD) and the Rules of Bursa Malaysia Derivatives Clearing Berhad (BMDC) in relation to the revamp of the participantship structure for BMDC. This is to enhance the attractiveness and competitiveness of the Malaysian derivatives market and to facilitate…

Category: Financial Services

MMT sanctions Greencool’s former chairman for disclosure of false information

CAC 40 Dividend Index and AEX Dividend Index Futures now available for U.S. participants on Euronext

ASIC commences proceedings against former managing director of Banksia Securities Limited

Avelacom launches low latency access to market data from Saudi Stock Market Tadawul

ASIC permanently bans former AMP Financial Planning adviser from financial services

CBOE Holdings plans listing of Altice USA (ATUS) Options

William Hill shutting its online operations in Israel, laying off more than 200

SFC clarifies competence requirements for licensees seeking to enter asset management business

Japan and Australia cooperate on Fintech

Bursa Malaysia revamps participantship structure for Derivatives Clearing BHD

Plus500 Hires Nick Scarf as CEO of Australian Entity

eToro Partners with Generali to Launch a PER and Life Insurance Offer in France

Macquarie Securities Sued by ASIC for ‘Repeated and Systemic Misleading Conduct’

Euroclear Business Income Rises 10% in Q1

SIX Announces Executive Board Changes