Every several months, it seems, Cyprus financial regulator CySEC puts out some version of a warning against impersonators appearing as CySEC officials in an attempt to scam unsuspecting investors. In the latest iteration, recent instances came to the attention of CySEC which involve correspondence from the US, Canada and the Dominican Republic in which persons…
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CBOE Holdings, Inc. (NASDAQ: CBOE) today announced its plans to be dually-listed on the Bats BZX Exchange, Inc. and on NASDAQ Global Select Market. Shares of CBOE Holdings common stock have been listed on NASDAQ since the company's initial public offering in 2010. In addition, the company will also be listed on the BZX Exchange…
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Bats Global Markets, Inc. (Bats:BATS) just welcomed a new Global X Fund to the Bats ETF Marketplace. The Global X U.S. Infrastructure Development ETF (Bats: PAVE) seeks to provide investment results that correspond generally to the price and yield performance of the Indxx U.S. Infrastructure Development Index. The fund holds a basket of companies involved in…
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Singapore Exchange (SGX) announced that will mandate all Mainboard IPO companies to allocate to retail investors, at least 5%, or S$50 million, whichever is lower, of their offer size. The introduction of the minimum IPO allocation is aimed at facilitating greater retail participation in Singapore’s equities market. The new rules on the minimum allocation are…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loans 2 Go. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
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The Autorité des marchés Financiers (AMF) just announced the new composition of the Financial Skills Certification Board. The mechanism for verifying the level of knowledge of employees of investment services providers relies on the services of the AMF and the Financial Skills Certification Board. The Certification Board is now under the chairmanship of Bernard Coupez.…
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Börse Düsseldorf, the German exchange, has gone live with Scila Surveillance for real time market surveillance covering equities, funds and equity linked products (ETFs, ETNs). Scila Surveillance is a powerful and highly flexible solution developed and delivered by the independent trade surveillance technology solution provider Scila in Stockholm. Börse Düsseldorf will use our market surveillance…
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The Commission de Surveillance du Secteur Financier (CSSF) warned the public of the activities of an entity named Direkt Finanz AG. Direkt Finanz AG is operating at website: www.direktfinanz.net, claims to be established at 26, boulevard Royal, L-2449 Luxembourg and offers loans to the public. The CSSF informed the public that the entity named Direkt…
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Singapore Exchange (SGX) is consulting the public on proposed adjustments to the equities market structure aimed at addressing market conditions, while balancing the diverse objectives and interests of different segments of participants in the market ecosystem. The three proposed adjustments are: Increasing the minimum bid size for stocks and relevant securities trading in the S$1.00…
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Ontario Securities Commission (OSC) Chair and CEO Maureen Jensen announced today the following appointments to the OSC. The Commissioners will each serve a two-year term effective February 2, 2017. Robert P. Hutchison spent more than 40 years with Borden Ladner Gervais LLP, where he practiced business law, focusing on financial services. In addition to advising…
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