The former Syndey financial advisor pleaded guilty to a charge that, between June 2011 and April 2012, he used his position as a director dishonestly, with the intention of gaining advantage for either himself or Flowers Financial Management, by causing the transfer/withdrawal of $179,500 of seed capital. Flowers also pleaded guilty to a charge that,…
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The new online features include web-based licensing forms with auto-fill and skip logic features and pre-set validation rules to reduce errors. The features also support electronic. Upgraded administration functions will allow separate accounts for licensees and their professional advisory firms, giving them more flexibility in how they handle licensing matters and manage submissions. Ashley Alder,…
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The regulator provided details of the bank account used by CFG and GPI: Account Name: Liangfu Tang Account Number: 2161945220 Bank Name: East West Bank (United States of America) Account Name: Dai Feng Account Number: 056 499015 221 Bank Name: HSBC Bank (Singapore) Limited FMA also noted that CFG and its associated entities are requesting…
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Margaret Law, Head of Client Management, APAC at CLS, commented: With the growth of FX trading particularly in Asian currencies, settlement risk has become an increasing concern for banks in the region, and it is essential that they consider executing appropriate FX settlement risk mitigation measures. We anticipate that other banks in Asia Pacific will…
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ASIC stated that EuropeFX and TradeFred: provided personal advice to clients without licence to do so; made false or misleading representations to clients including about the level of risk to which clients’ funds were exposed and the profits which clients could expect; failing to adequately explain or disclose to clients the risks involved in investing…
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Benny Luk, Group CEO of Greater China, commented: We are delighted with the establishment of GFIGS to offer OTC brokerage services in China. Iron Ore futures trading volumes in China are more than 20 times larger than the offshore market. With Guizhou Big Data Capital's extensive network and coverage of China's financial markets and GFI's…
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The Vanuatu Financial Services Commission regulated broker noted that 50% of the withdrawals have been processed so far and the company continues to work to process the rest of them. USG stated that it expects all of the funds to be processed and refunded by the end of March 2021. Earlier this year, the USGFX…
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Equity Options Single stock options average daily contracts traded fell by 5% and index options average daily contracts traded were down 40%YoY. Exchange-Traded Markets Participant margin balances held on balance sheet at month-end amounted to $13.5 billion, compared to $11.1 billion the previous year. Settlement The value of securities held in CHESS dropped 1%YoY. The…
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This additional information will allow investors to access a trusted platform for the region’s quickly expanding ‘green sector'. At the same time, the data will act as a benchmark for issuers looking to raise funds for their sustainable projects and will also contribute to the standardisation of sustainability metrics. Globally, in excess of US$30 trillion…
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Equity Index Daily Futures contracts (Click kabu 365) The total trading volume of Equity Index Daily Futures contracts (Click kabu 365) was 2,438,107 (+69.9% MoM / +267.7% YoY) and its average daily trading volume was 116,099. Items Nov 2020 Trading Volume Daily Average Change on Previous Month Year on Year Change Click kabu 365 2,438,107…
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