HKEX Group Chief Financial Officer, Vanessa Lau, commented: We are pleased to welcome Kian Hoe to HKEX and to the Finance team. Kian Hoe brings with him over two decades of treasury experience and has an excellent track record in running significant regional treasury functions. He will play an important role in supporting the long-term…
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The SFC noted that in practice CESHK failed to manage and invest the funds' assets and investments on a discretionary basis as required by the regulator. Instead, the decision when to invest was up to the fund’s directors. The firm considered that its main investment objective was for making sure that the funds’ assets were…
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ASIC is eager to tackle market outages in response to the Australian Securities Exchange (ASX) equity market outage in November 2020 following a major technical upgrade. ASIC’s latest concerns of market outages come with several important updates in the industry, including the replacement of CHESS, Cboe’s technology upgrade and the implementation of new market integrity…
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ASIC discovered that Arandez obtained $2.5 million from Australian investors based on false and misleading statements. He claimed the funds would be invested in property and cryptocurrency and used the fund in part for personal benefit and to pay returns to other investors. The regulator acted quickly in order to personal benefit and to pay…
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The Aussie watchdog discovered that despite the ban which is in force until 5 September 2024, Toledo continued to provide financial advice and deal in financial products. Moreover, according to the regulator, he provided financial advice to a SMSF to invest in Premier Realty Group Pty Ltd and arrange a sale of 70,000 shares in…
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Prior to the official announcement by PanAust of the takeover bid on 30 March 2015, Li acquired 390,000 PanAust CFDs during the period between 19 and 26 March 2015. He also made his wife acquire 265,000 PanAust CFDs between 22 and 26 March 2015. In sentencing, Judge Rinaudo said: [He] took an unfair advantage when…
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RoboMarkets Asia opened its regional headquarters in Malaysia in August 2019 after it secured a Labuan licence for the provision of services to Asian clients. In the official announcement the company highlighted that its business has significantly expanded since then with the acquisition of the licence and the start of RM Investment Bank are the…
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Zhao also disclosed the exchange’s plans to expand its operations within the country. He said: We are interested in investing in traditional financial service centers including payment service providers, banks, etc. We want to help bring those businesses into the blockchain world. Earlier in May, Binance tconfirmed it is in talks with Germany’s financial regulator…
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The exchange was registered as Type 1 Financial Instruments Business Operator on 18 April and it is now accepted as a member of the Japan Securities Dealers Association, according to the official press release. The ODX shareholders include SBI PTS Holdings (70%), Sumitomo Mitsui Financial Group (20%), Nomura Holdings (5%) and Daiwa Securities Group (5%).
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Rickard added: Australians should be very wary of anyone asking them to invest in or transfer money using cryptocurrency, especially if it’s someone you have only met online. Many consumers are unfamiliar with the complexities of cryptocurrency and this can make them more vulnerable to scams. Between January and May 2022, there has also been…
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