News Centre

UBS Joins mFund Service

Date 24/02/2015

UBS Securities Australia  has this month joined the mFund Settlement  Service. This strengthens the distribution capabilities of mFund through UBS’s extensive network of broker, adviser and investor channels.

Activation Of JPX Data Cloud

Date 24/02/2015

Tokyo Stock Exchange is pleased to announce the current TSE Data Download Service has been revamped and launched as a new historical data service, JPX Data Cloud.

ASIC Takes Action On Deficient Advice On Complex Structured Investment Products

Date 24/02/2015

ASIC concerns about financial advice relating to complex products has led to 10 licensees undertaking corrective action.

ASIC released a report in December 2013 which looked at advice provided by 10 licensees in relation to retail structured products. These are investments whose value is based on the movement of underlying assets such as a share index, generally using derivatives arrangements. The report also looked at advice on limited recourse (or 'protected') loans that are used to buy shares.

Independent Reserve Added To Global Bitcoin Benchmark - Tera Bitcoin Price Index – The Only Regulated Global Benchmark For USD/XBT Contracts – Has Selected Independent Reserve As Part Of Its TeraBit Index

Date 23/02/2015

Independent Reserve, the Bitcoin market, has become the only Australian Bitcoin exchange to be included in the TeraBitSMIndex, the global benchmark for Bitcoin pricing.

Nasdaq Increases Bandwidth Recommendations For Select Proprietary Data Feeds

Date 23/02/2015

What you need to know:

• Nasdaq® is updating its bandwidth recommendations for select proprietary data feed products to reflect recent traffic trends.
• Nasdaq is advising firms to increase bandwidth allocations for the affected proprietary data feed products:

ASIC Publishes Second Report On Corporate Finance Regulation

Date 23/02/2015

ASIC has today published the second report in its series on the regulation of corporate finance issues in Australia.

Fact Sheet: Middle Class Economics: Strengthening Retirement Security By Cracking Down On Backdoor Payments And Hidden Fees

Date 23/02/2015

“That’s what middle-class economics is—the idea that this country does best when everyone gets their fair shot, everyone does their fair share, and everyone plays by the same set of rules.” President Barack Obama, State of the Union Address, January 20, 2015

Middle class economics means that Americans should be able to retire with dignity after a lifetime of hard work. But today, the rules of the road do not ensure that financial advisers act in the best interest of their clients when they give retirement investment advice, and it’s hurting millions of working and middle class families.

Canadian Securities Regulators’ Review Finds Medical Marijuana Business Disclosure Deficient

Date 23/02/2015

Members of the Canadian Securities Administrators (CSA) today released CSA Staff Notice 51-342 Staff Review of Issuers Entering Into Medical Marijuana Business Opportunities, which summarizes the CSA’s findings and disclosure expectations for reporting issuers contemplating involvement in Canada’s medical marijuana industry.

Facebook To Participate In The Morgan Stanley Technology, Media & Telecom Conference

Date 23/02/2015

Facebook, Inc. (NASDAQ: FB) today announced that Sheryl Sandberg, COO, andDave Wehner, CFO, will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 2, 2015 at 10:15 a.m. Pacific Time. 

Dissenting Statement Regarding The Commission’s Order Approving a Proposed Rule Change To Adopt New Rule 5713 And List Paired Class Shares Issued By AccuShares® Commodities Trust I, SEC Commissioner Kara M. Stein, Feb. 23, 2015

Date 23/02/2015

I dissent from the decision of the majority of the Commission approving NASDAQ Rule 5713, which adopted new listing standards for “Paired Class Shares” in order to list and trade such shares issued by seven new Accushares exchange-traded funds (ETFs) on a national exchange.  The approval of these novel and complex products is premature given the substantial concerns about its operations and impact on investors.