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UK Financial Conduct Authority Statement On Super-Complaint From Citizens Advice To The CMA On Excessive Prices For Disengaged Consumers
Date 28/09/2018
Citizens Advice today submitted a super-complaint to the Competition and Markets Authority (CMA) calling on it to identify remedies and recommendations to put an end to the penalty paid by loyal and disengaged consumers. The super-complaint covers several markets, including insurance, cash savings and mortgages.
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ESMA To Renew Restriction On CFDs For A Further Three Months
Date 28/09/2018
The European Securities and Markets Authority (ESMA) has agreed to renew the restriction on the marketing, distribution or sale of contracts for differences (CFDs) to retail clients, in effect since 1 August, from 1 November 2018 for a further three-month period.
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Borsa İstanbul A.Ş. Ordinary General Assembly Meeting Held On September 27, 2018
Date 28/09/2018
Borsa İstanbul A.Ş. Ordinary General Assembly Meeting to review financial year 2017 was held at Borsa İstanbul premises on September 27, 2018. In the meeting, new Board of Directors were elected, Prof. Dr. Erişah ARICAN became the Chairperson of the Board.
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Statement From ASIC Chair James Shipton On The Interim Report Of The Financial Services Royal Commission
Date 28/09/2018
ASIC today welcomed the Financial Services Royal Commission’s Interim Report and acknowledged the Commission’s work to date.
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Dash Financial Technologies Launches Advanced Portfolio Trading Solution
Date 28/09/2018
Dash Financial Technologies, the industry leader in order routing transparency, visualization and customization solutions, today announced the launch of its next-generation portfolio trading (PT) algorithm, a highly customizable workflow and execution solution with real-time transparency and analytics, allowing institutional clients to achieve their portfolio trading performance goals, however they choose to define them.
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CFTC Charges Eleven Individuals And Five Entities In Nationwide Binary Options Fraud Ring - As Alleged In Two Complaints And Seven Orders, Hundreds Of Millions Of Prospective Customers Received Fraudulent Binary Options Solicitations From Defendants And Respondents
Date 27/09/2018
The Commodity Futures Trading Commission (CFTC) today announced that it filed two complaints in federal district courts in Florida against four individuals and three entities and issued seven administrative Orders filing and simultaneously settling charges against seven individuals and two entities relating to global retail binary options fraud that victimized U.S. residents.
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Elon Musk Charged With Securities Fraud For Misleading Tweets
Date 27/09/2018
The Securities and Exchange Commission today charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private.
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SEC Charges Bitcoin-Funded Securities Dealer And CEO
Date 27/09/2018
The Securities and Exchange Commission today filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins.
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CFTC Charges Trading Platform With Illegal Transactions Margined In Bitcoin, Failing To Implement Procedures To Prevent Money-Laundering, And Failing To Register With The CFTC
Date 27/09/2018
The Commodity Futures Trading Commission (CFTC) today filed a civil enforcement action in the U.S. District Court for the District of Columbia against Defendants 1pool Ltd. (1pool), and its chief executive officer and owner, Patrick Brunner of Austria. The CFTC’s Complaint charges the Defendants with engaging in unlawful retail commodity transactions, failing to register as a Futures Commission Merchant (FCM), and supervisory violations for failing to implement procedures to prevent money laundering as required under federal laws and regulations.
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Brief Remarks On The U.S. Economy, Federal Reserve Chairman Jerome H. Powell At Rhode Island Business Leaders Day, Washington, D.C.
Date 27/09/2018
Good afternoon. Thank you, Senator Reed, for the kind words and the opportunity to be a part of the annual Rhode Island Business Leaders Day. And thank you, all, for sticking with the program for the last speaker of the day. The Federal Open Market Committee, the body within the Federal Reserve that sets monetary policy, just concluded a meeting yesterday. I plan to talk briefly about how my colleagues and I see the economy evolving and our role in keeping it healthy. Importantly, I want to hear from you. I very much appreciate your views, as business people, of economic conditions where you live and work. And, of course, I will be happy to respond to questions.
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