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Hong Kong's Securities And Futures Commission Bans Wong Sze Yiu For Six Months
Date 26/10/2015
The Securities and Futures Commission (SFC) has banned Mr Wong Sze Yiu, a former account executive of Core Pacific-Yamaichi International (H.K.) Limited (CPYI), from re-entering the industry for six months from 26 October 2015 to 25 April 2016 for failures in relation to managing a client’s account on a discretionary basis.
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DFM Company Posts Net Profit Of AED 245.5 Million In The First Nine Months Of 2015
Date 26/10/2015
His Excellency Essa Kazim:
- Foreign investors further enhancing their presence increasing their share of trading activity to 48% with net buying of AED 781 million; and the number jumps to AED 1.6 billion for institutions, which indicates confidence in the quality and diversification of investment opportunities available on the market
- DFM sustained its endeavor to further develop its infrastructure and investor services regardless of any immediate developments concerning trading activity
- Global markets have been noticeably affected by some immediate circumstances including declining oil prices and concerns about the slowdown in China, which led to 28% fall in trading value of regional markets during the first nine months
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UK’s Financial Conduct Authority: Payday Lender Dollar To Provide £15.4 Million Redress To Over 147,000 Customers
Date 26/10/2015
Dollar Financial UK (Dollar), trading as The Money Shop, Payday UK, Payday Express and Ladder Loans has agreed with the Financial Conduct Authority (FCA) to refund over £15.4 million to 147,000 customers, who may have suffered detriment as a result of the firm’s affordability checks, debt collection practices and systems errors.
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Cordium Triumphs At The HFM US Hedge Fund Services Awards
Date 26/10/2015
Cordium, a leading global provider of compliance consulting, accounting, tax and software to the financial securities industries, has been named Best Advisory Firm (Regulation and Compliance) at the HFM US Hedge Funds Services Awards. The accolade completes the global set for Cordium following its success at the HFM Asia Fund Services awards where it took the title of Best Advisory Firm (Client Service), having previously been named Best Advisory Firm (Regulation and Compliance) and Best Independent Platform (Mirabella) at the European ceremony.
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UK’s Financial Conduct Authority Bans Magnus Michael Peterson From The Financial Services Industry
Date 26/10/2015
The Financial Conduct Authority (FCA) has today banned Magnus Michael Peterson, the former head of the hedge fund Weavering Macro Fixed Income Fund Limited, from performing any function related to any regulated activity. On 19 January 2015 Mr Peterson was convicted of a range of fraud offences through his hedge fund resulting in losses to clients of approximately $536m. Mr Peterson was sentenced on 23 January 2015 to a total of 13 years’ imprisonment at Southwark Crown Court.
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SGX Welcomes Perennial Real Estate Holdings Limited’s Retail Bonds
Date 26/10/2015
Singapore Exchange (SGX) today welcomed the listing of Perennial Real Estate Holdings Limited’s three-year retail bonds with a coupon rate of 4.65% per annum, payable half-yearly, on the Mainboard under the stock code, “BIOZ”.
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Open Interest Of TOCOM Gold Daily Futures Exceeds 70,000 Contracts
Date 26/10/2015
The Tokyo Commodity Exchange Inc., announced today open interest of Gold Daily futures was 70,214 contracts reaching beyond the level of 70,000 contracts for the first time since its launch on May 7. 2015.
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EGX Launches The Trading On Amer Group Shares After Its Division
Date 26/10/2015
The Egyptian Exchange (EGX) starts trading on Amer Group shares after division into 2 companies, Amer Group Holding - Amer Group (the dividing company) and Porto Group Holding - Porto Group (the divided company) on Thursday, October 22, 2015, after the company met all of the listing requirements.
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Scipion Capital Boosts Senior Team As Growth Continues
Date 26/10/2015
Scipion Capital (“Scipion”), the international commodity trade finance investment manager, today announces three new senior hires to further strengthen its legal division, on-the-ground operations and corporate governance.
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Banks Dramatically Accelerate Client Onboarding With Alacra Compliance Messaging Service
Date 26/10/2015
Alacra Inc., an Opus Global company, and the leading provider of compliance and reference data solutions for financial institutions, corporations and professional service firms, has today announced the launch of the enhanced Alacra Compliance Messaging Service (ACMS) at the AMLP European Conference. ACMS is an advanced suite of web services that lowers the cost of compliance by helping financial firms develop efficient, effective and fully integrated compliance workflows.
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