News Centre

SEC Charges Valic Financial Advisors With Failing To Disclose Payments To Promote Services To Florida Educators - SEC Also Charges Valic Financial Advisors In Separate Action For Mutual Fund Selection Violations

Date 28/07/2020

The Securities and Exchange Commission today charged Houston-based VALIC Financial Advisors Inc. (VFA) in a pair of actions for failing to disclose to teachers and other investors practices that generated millions of dollars in fees and other financial benefits for VFA. 

Bursa Malaysia Securities Publicly Reprimands And/Or Fines Bertam Alliance Berhad And 7 Directors

Date 28/07/2020

Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded Bertam Alliance Berhad (BERTAM) and 7 of its directors for breaches of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR). In addition, 2 directors of BERTAM were imposed total fines of RM75,000.

CubeLogic Bolsters Global Team With Two Executive Hires

Date 28/07/2020

CubeLogic, the market leading provider of enterprise risk management solutions for the energy, commodities, and financial services industries has hired David Baker as Group Chief Technology Officer and John Harris as Chief Operations Officer for the Americas region. These are both new roles which have been instated due to growing client demand and rapid business expansion.  

Bursa Malaysia Announces RM151.0 Million Profit After Tax And Minority Interest For The First Half Of 2020 Highest First Half Financial Performance Since Listing In 2005

Date 28/07/2020

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) recorded a Profit After Tax and Minority Interest (“PATAMI”) of RM151.0 million for the first half ended 30 June 2020 (“1H2020”), a 62.0% increase from RM93.2 million reported in the previous corresponding half ended 30 June 2019 (“1H2019”). The increase in PATAMI is due to higher operating revenue, which increased by 33.6% to RM320.7 million from RM240.0 million in 1H2019. Meanwhile, total operating expenses in 1H2020 increased by 3.7% to RM127.1 million from RM122.6 million in 1H2019, mainly due to higher staff and technology costs. This is Bursa Malaysia’s highest first-half financial performance since its listing in 2005.

Maala's 2020 Corporate Social Responsibility Index Live Broadcast in the First Virtual Bell Ceremony on TASE

Date 28/07/2020

Israel's leading CEOs joined in a special zoom meeting and virtual opening bell ceremony at the Tel Aviv Stock Exchange, on the occasion of the release of Maala – Business for Social Responsibility's 2020 CSR Index.. 

Monetary Authority Of Singapore Revokes Licence Of Apical Asset Management Pte. Ltd For AML/CFT Breaches, Reprimands Its CEO And Board

Date 28/07/2020

The Monetary Authority of Singapore (MAS) revoked the Capital Markets Services (CMS) licence of Apical Asset Management Pte. Ltd. (AAMPL) on 28 July 2020, for serious breaches of MAS’ Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) requirements. MAS has also reprimanded AAMPL’s CEO and Director Yeh Yin Yee and Director Bernard Kan Cheok Yin for failing to discharge their duties and functions of ensuring that AAMPL complies with all laws and rules governing its operations.  

ESMA Is Preparing A New RTS To Further Postpone CSDR Settlement Discipline

Date 28/07/2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is working on a proposal to possibly delay the entry into force of the CSDR settlement discipline regime until 1 February 2022. This is due to the impact of the COVID-19 pandemic on the implementation of regulatory projects and IT deliveries by CSDs and came as a request from the European Commission.

Qatar Stock Exchange Announces Eid Al-Adha Holiday For 2020

Date 28/07/2020

Qatar Stock Exchange would like to inform you that Eid Al-Adha Holiday will be starting from Thursday, 30 July 2020 up to Tuesday 04 August 2020.

Tokyo Commodity Exchange: Public Comments On Trading Rules Revisions In Connection With Launch Of J-GATE 3.0

Date 28/07/2020

The Tokyo Commodity Exchange, Inc. (“TOCOM”) will revise trading rules in connection with the launch of J-GATE 3.0, in order to improve reliability and convenience for the investors, members and market users.

FiCAS Pioneers The World’s First Actively Managed Cryptocurrency Exchange Traded Product (ETP)

Date 28/07/2020

• Bitcoin Capital Active ETP (BTCA) can now be bought by retail and institutional investors through your bank or broker as easily as buying shares
• FiCAS pioneers a discretionary portfolio management of cryptocurrencies, using enhanced risk management, proprietary quantitative models, technical analysis and fundamental research
• FiCAS offers access to a unique trading strategy, which outperformed Bitcoin by over 100% during 2015-18 and returned more than 90x in USD-equivalent