Search Results for: Securities and Futures Commission
CFTC charges Companies and Individuals with fraud in Selling a Futures Trading System
October 13th, 2016
CFTC Charges Utah Resident Kimball Parker and Florida Resident Timothy Baggett with Fraud and Other Violations in Connection with Offering and Selling a Futures Trading System Parker’s Company, MakeYourFuture, LLC, and Baggett’s Companies, Changes Worldwide LLC and Changes Trading ...
CFTC Expands Interest Rate Swap Clearing Requirement
September 29th, 2016
The U.S. Commodity Futures Trading Commission (Commission) today expanded the existing clearing requirement for interest rate swaps. The Commission voted unanimously to approve an amendment to Commission regulation 50.4(a) that establishes a new clearing requirement determination. The new clearing ...
HKEX publishes further information on Shenzhen-Hong Kong Stock Connect to facilitate business and technical preparation
September 28th, 2016
As part of the market communication plan for Shenzhen-Hong Kong Stock Connect (Shenzhen Connect), the Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Securities Clearing Company Limited (HKSCC), wholly-owned subsidiaries of Hong Kong Exchanges and Clearing Limited ...
SFC reprimands and fines HSBC $2.5 million for regulatory breaches
September 14th, 2016
The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.5 million for regulatory breaches and internal control failings related to position limit failures. The disciplinary action follows an SFC investigation ...
SFC reprimands and fines BNP Paribas Wealth Management $4 million
August 31st, 2016
The Securities and Futures Commission (SFC) has reprimanded and fined BNP Paribas Wealth Management (BNPPWM) $4 million for overcharging its clients between 1 January 2011 and 31 December 2013 (Note 1). The SFC’s investigation found that at the material ...
SFC reprimands and fines Morgan Stanley
August 25th, 2016
The Securities and Futures Commission (SFC) has resolved its concerns with Morgan Stanley Hong Kong Securities Limited (MSHK) over its internal control failures. Under the resolution, the SFC reprimanded and fined MSHK $18.5 million for breaches of the Code ...
Shenzhen and Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect
August 17th, 2016
This announcement is made by Hong Kong Exchanges and Clearing Limited (“HKEX”) pursuant to the provisions under Part XIVA of the Securities and Futures Ordinance and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock ...
Disbarred lawyer and his law firm have been ordered to pay penalty for a Money Pass Scheme
August 4th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Milton I. Shadur of the U.S. District Court for the Northern District of Illinois entered an Order of Default Final Judgment (Order) against John D. Briner, a disbarred Canadian ...
The latest press release from IronFX Global regarding the planned merger of IronFX, Nukkleus and FXDD
June 9th, 2016
A formal statement has been released by IronFX, Nukkleus and FXDD and can be found below. The formal statement includes comments by Emil Assentato, Nukkleus Chairman and Chief Executive Officer, Craig J. Marshak, the transaction advisor to Nukkleus and ...
ADS Securities expands to full-service brokerage in Hong Kong
June 8th, 2016
ADS Securities, the Abu Dhabi-based international financial services firm, today announced that it had successfully secured its Type 1 and Type 2 regulatory licenses from the Hong Kong Securities and Futures Commission (SFC). With the addition of these licenses ...
