The Australian Securities and Investments Commission (ASIC) is urging Australians to do a quick and free search on ASIC's MoneySmart website to see if a share of $1.1 billion of unclaimed money is theirs. There are more than a million records of unclaimed money from dormant bank accounts, life insurance, shares and other investments waiting…
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KCG Holdings Inc. Class A (NYSE:KCG) today announced that its board of directors has cancelled the company's 2017 Annual Meeting of Stockholders previously scheduled for May 10, 2017 at 1:00 p.m. Eastern Standard time. On April 20, 2017, KCG announced that it had reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire…
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Belgium financial regulator FSMA has issued a statement regarding the €550,000 settlement it reached with FCA and CySEC regulated CFD broker Plus500 Ltd (LON:PLUS), reported earlier today by LeapRate. The statement sheds some light on the reasons the settlement was reached. Full text of the statement reads as follows: 25-04-2017 Agreed settlement - Plus500 The…
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The Irish Stock Exchange (ISE) has today announced details of the 2017 #IPOready programme, aimed at the next wave of Irish companies that are on course for a stock market listing (initial public offering or IPO) in the next 5 years. The 2017 #IPOready programme will provide high-growth IPO candidate companies with a structured support…
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Euronext, the pan-European exchange, announced the launch of Euronext Fund Service in Paris, an innovative and complementary solution for investing in open-end funds (UCITS and AIF) registered or passported in France. It offers institutional and retail investors a simplified, automated cost-efficient subscription/redemption service to invest in funds through their brokers. Euronext Fund Service will be…
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The Board of the Financial Conduct Authority (FCA) announced that has appointed an additional six members to the FCA’s Regulatory Decisions Committee (RDC). The newest members appointed to the RDC are Karen Johnston and Nick Lord. They join Stuart McIntosh, Philip Marsden, Robin Mason and Malcolm Nicholson who were appointed last year. The RDC is…
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The Securities and Exchange Commission (SEC) announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges that Kevin J. Amell carried out a fraudulent matched-trades scheme in which he prearranged the purchase…
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The U.S. Securities and Exchange Commission today charged a vice president in the risk management department of the Nomura Securities investment banking division of Nomura Holdings Inc. (ADR) (NYSE:NMR) with insider trading on confidential information he learned in advance of a private equity firm’s acquisition of a publicly-traded technology company. The SEC alleges that New…
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The Securities and Exchange Commission (SEC) announced that two former executives at Hungarian-based telecommunications company Magyar Telekom have agreed to pay financial penalties and accept officer-and-director bars to settle a previously-filed SEC case alleging they violated the Foreign Corrupt Practices Act (FCPA). Magyar Telekom paid a $95 million penalty in December 2011 to settle parallel…
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Apart from Condor Gold (LON:CNR), OTC Markets Group Inc. (OTCMKTS:OTCM) today announced that Fortress Paper Ltd. (TSE: FTP), an international producer of specialty pulp and security paper products, has qualified to trade on the OTCQX Best Market. Fortress Paper upgraded to OTCQX from the Pink market. Fortress Paper begins trading today on OTCQX under the symbol…
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