Search Results for: EU commission
CySec fined an executive director of a Cyprus Investment Firm
July 31st, 2017
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform the public that, at its meeting held on 26 June 2017, decided to impose an administrative fine of €10.000 to Mr. Charalambos Kiritsis ...
CySec suspends the license of a Cyprus Investment Firm
July 14th, 2017
The Cyprus Securities and Exchange Commission (CySec) announces that the authorisation of the Cyprus Investment Firm OptionRally Financial Services Ltd (‘the Company’), number 220/13, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets ...
CySec: Two firms authorised as Administrative Services Providers
July 13th, 2017
The Cyprus Securities and Exchange Commission (CySec) released today announcements to inform that the firms Wise Wolves Capital (EU) Ltd and KHGP Ltd (ex Hoijer Ltd) approved by the Commission as Administrative Services Provider (ASP). Below details were released: Wise Wolves Capital ...
Assurance Capital Management and its owners fined $2.4 Million
July 12th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) has issued a press release to inform that the Federal Court in Florida Orders Anthony J. Klatch II, Lindsey Heim, and their Company Assurance Capital Management, LLC to Pay More than $2.4 ...
ESMA Proposes Simplification for Prospectus
July 11th, 2017
The European Securities and Markets Authority (ESMA) is publishing three Consultation Papers (CP) on the Prospectus Regulation. The Prospectus Regulation, in the context of the Capital Markets Union action plan, aims to make it easier and cheaper for companies, ...
Why free trade and open markets in financial services matter; Andrew Bailey, FCA Chief Executive
July 11th, 2017
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has released a speech by Andrew Bailey, Chief Executive of the FCA, at Reuters Newsmaker event. According the release: Note: this ...
NEX SEF Limited went live
July 7th, 2017
NEX Group plc (“NEX”) (NXG.L), a financial technology company at the centre of global markets, announces that its Swap Execution Facility (“SEF”), NEX SEF Limited (“NEX SEF”), went live on 3 July 2017. NEX SEF received approval from the ...
Oil Extends Longest Winning Streak
July 3rd, 2017
Oil Extends Longest Winning Streak This Year as Drilling Slows Rigs targeting crude drop first time in 24 weeks: Baker Hughes Libyan production increases to highest level in four years Oil extended the longest run of gains this year ...
DV Trading ordered to pay a $5 Million penalty
June 30th, 2017
CFTC Orders Rosenthal Collins Capital Markets LLC, Now Known as DV Trading LLC, to Pay a Civil Penalty of $5 Million for Engaging in Illegal Wash Sales Designed to Generate Exchange Rebate Fees Former RCCM Trader Brandon Elsasser also ...
Malaysia and Australia seal agreement on fintech cooperation
June 29th, 2017
On 27 June 2017 the Malaysia Securities Commission (‘SC’) and ASIC signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy. Malaysia is a vibrant fintech destination. In 2015, Malaysia ...
