News Centre

Alberta Securities Commission Alleges Jonathan Financial Inc. And Gregory Frederick Hilderman Breached Alberta Securities Laws

Date 19/07/2016

Alberta Securities Commission (ASC) staff have issued a Notice of Hearing against Jonathan Financial Inc. and Gregory Frederick Hilderman in connection with the sale of Jonathan Financial debentures.

Pico Taps Corvil To Build All-New Trading Platform For European Markets

Date 19/07/2016

Pico, a group of affiliated managed services providers of multi-asset electronic trading technologies, today announced an expansion of its relationship with Corvil as part of Pico's continued growth in European markets.

Federal Reserve Board Prohibits Former Foreign Exchange (FX) Trader From Participating In Banking Industry For His Manipulation Of FX Pricing Benchmarks

Date 19/07/2016

The Federal Reserve Board on Tuesday announced it is prohibiting a former foreign exchange (FX) trader from participating in the banking industry for his manipulation of FX pricing benchmarks.

FINRA Fines Prudential Annuities Distributors, Inc. $950,000 For Failing To Prevent Theft Of $1.3 Million From Elderly Customer’s Variable Annuity Account

Date 19/07/2016

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Prudential Annuities Distributors, Inc. $950,000 for failing to detect and prevent a scheme that resulted in the theft of approximately $1.3 million from an 89-year-old customer’s variable annuity account. The firm repeatedly failed to adequately investigate “red flags” that Travis A. Wetzel, a former registered sales assistant at LPL Financial and since-convicted felon, was transferring money from the customer’s Prudential variable annuity account to a third-party bank account in his wife’s maiden name. FINRA previously barred Wetzel in May 2013. Prudential Annuities and LPL reimbursed the customer in 2013.

SIFMA Statement On The EU-US Joint Financial Regulatory Forum Announcement

Date 19/07/2016

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO on the announcement made by the EU-US Joint Financial Regulatory Forum (“the Forum”) Agreement:     

“SIFMA welcomes this initiative as we believe more needs to be done to enhance coordination, facilitate cross border investment and strengthen economic growth. Our members stand ready to engage constructively with the new process. We also note that the European Commission believes that this initiative is without prejudice to the Transatlantic Trade and Investment Partnership (TTIP). SIFMA continues to believe the TTIP represents the best opportunity to host these dialogues on a regularly scheduled basis, to address regulatory issues and divergences early, while also bringing the needed transparency and accountability that other mechanisms lack”.  

ESMA Publishes Updated UCITS Q&A

Date 19/07/2016

The European Securities and Markets Authority (ESMA) has published an updated questions and answers document (Q&A) on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).

BME: Clever Global Receives favourable Report From MAB

Date 19/07/2016

• A provider of services linked to the management of elements involved in the production process

Bats ETF Marketplace Welcomes U.S. Stock Market’s First 3-D Printing ETF, An ARK Investment Product - Ark Becomes 13th Issuer To List On Bats

Date 19/07/2016

Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed ARK Investment Management and The 3D Printing ETF (Bats: PRNT) to the Bats ETF Marketplace.

Bursa Malaysia Seeks Public Feedback On Proposals To Enhance Collective Investment Scheme Framework

Date 19/07/2016

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) today published a consultation paper seeking public feedback on the proposals to enhance the attractiveness and competitiveness of Bursa Malaysia as a  destination for capital raising and investment in relation to Collective Investment Schemes (“CIS”).

Trinidad and Tobago IFC – Handling Negative Publicity

Date 19/07/2016

What should a financial centre in danger of being perceived as a ‘tax haven’ do to manage the outpouring of potentially damaging headlines? The Global Financial Centres Index (GFCI) indicates that the ratings of these centres tend to rely largely on the perceptions of people involved in financial services. These perceptions are affected by press coverage and the work of the Organization for Economic Co-operation and Development (OECD) and other international bodies.