The fine follows a settlement agreement in which Seaport neither admitted nor denied the findings but accepted the sanctions to resolve the matter. According to FINRA, from March 2020 to June 2021, Seaport did not maintain adequate supervisory systems and written procedures for managing manual options transactions. The lapses are said to have included insufficient…
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The renewal was celebrated at an event attended by Nikos Antoniades, CEO of easyMarkets, and Emilio Butragueño, Real Madrid's Director of Institutional Relations. The renewed alliance aims to deliver exclusive experiences for clients in key markets while promoting a shared ambition and a winning mentality. Real Madrid, the most valuable football club in the world…
Read moreThe fund significantly surpassed its €1.4 billion target and is 65% larger than its predecessor, Evolution I, which closed at €1.2 billion in 2021. The firm noted "excess demand" from a diverse investor base, including notable increases in commitments from the Americas, contributed to Evolution II's success. Approximately 41% of investors hailed from Europe, with…
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ASIC alleges the lender breached responsible lending obligations and failed to comply with design and distribution obligations (DDO). According to ASIC, Swoosh entered loans with 11 consumers between October 2019 and October 2024 without adequately assessing their financial circumstances. ASIC claims many of these borrowers faced financial difficulties, with signs of distress such as negative…
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Payne has over 30 years of experience in technology and product innovation. He previously served as President and Chief Operating Officer of DoorDash and Chief Executive Officer of Tinder. Payne also previously held the role of Senior Vice President at eBay, where he led the North American business, and held leadership positions at both Microsoft…
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The fine comes as FINRA says UBS-FS failed to establish and maintain a supervisory system to oversee the short-term trading of syndicate preferred stocks. Between January 2017 and December 2018, UBS-FS representatives are said to have recommended short-term trades in syndicate preferred stocks to retail customers. According to the regulator, this resulted in financial losses…
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The firm said it will be managed by Zadig Asset Management, a specialist in European equities. The fund, targeting Eurozone companies, aims to provide an investment solution that is seen as a “one-stop shop” for Zadig’s best ideas. The fund will be co-managed by portfolio managers Francesco Rustici and Régis Bégué. Rustici, a co-manager of…
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The collaboration aims to support financial firms in complying with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulations, set to take effect on 30 December 2024. The platform is expected to deliver integrated communications, data, and disclosure generation. The integration of CCRI’s sustainability metrics into Broadridge’s ClearFi platform is seen as a way of…
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The platform is said to feature a modern and intuitive user experience, featuring multiple data delivery options such as cloud transfer for enhanced convenience. HKEX said that in its initial phase, the Data Marketplace will provide shareholding data from the Central Clearing and Settlement System (CCASS) for commercial use. In addition, it will offer historical…
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The firm said in its press release that the collaboration with Bloomberg is expected to provide customers with easier access to FX swaps market data. They added that the licensing is managed directly through Deutsche Börse Market Data + Services. Previously, users had leaned on Deutsche Börse’s CEF Feed or the 360T API to retrieve…
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