The United States Securities and Exchange Commission (SEC) today proposed amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 to enhance disclosure requirements and investor protections against insider trading. The proposal includes updates to Rule 10b5-1(c), which provides an affirmative defense to insider trading for parties that frequently have access to material nonpublic…
Clearstream, part of Deutsche Börse Group, has launched a central register for electronic securities in Germany, supporting first dematerialised issuances conducted by Deka Bank as well as MünchenerHyp in cooperation with DZ BANK. With this step, Deutsche Börse introduces the first live component of its recently announced platform D7, a regulatory compliant, fully digital post-trade…
Read More “Clearstream processes first dematerialised issuances on D7” »
FNG Exclusive… It looks like Japan’s largest Retail FX broker is taking leave of its regulated business in the UK. FNG has learned that GMO-Z.com Trade UK Ltd, the London arm of Japan’s GMO Click Securities (and ultimately of publicly traded parent company GMO Internet Inc. TYO:9449) has made an application to have its FCA…
Read More “Exclusive: GMO-Z.com Trade UK applies to cancel FCA license” »
Japanese FX, CFD and stock brokerage Rakuten Securities, a subsidiary of Internet services provider Rakuten Inc (TYO:4755), continues to expand its offering of trading instruments. Today, the broker announced it will add stocks of 100 US-listed companies to the lineup of trading instruments. The list of new additions includes Grab Holdings Ltd (NASDAQ:GRAB), which operates…
Read More “Rakuten Securities to add 100 stocks to lineup of trading instruments” »
Electronic trading major Interactive Brokers has boosted the functionalities of Client Portal, its web application that serves as traders’ one-stop destination to check quotes and place trades, see account balances, P&L and key performance metrics, as well as funding and reporting. Interactive Brokers has made several portfolio improvements including the addition of a new Cash…
Read More “Interactive Brokers introduces portfolio improvements in Client Portal” »
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Mason Securities Limited (MSL), formerly known as GuocoCapital Limited (GCL), and fined it $3.6 million for failing to ensure proper certification of client identity before approving account opening and have in place controls for the identification of third party deposits, contrary to anti-money laundering and counter-terrorist…
Read More “HK watchdog fines Mason Securities $3.6M for AML requirement breaches” »
The Dutch Authority for the Financial Markets (AFM) has published the latest edition of its Consumer Investments Monitor. The report shows that, in 2021, the number of investing households increased by 12% to 1.9 million. During the past year, the need for higher returns was the primary reason to start investing. The majority have chosen…
Read More “Nearly 2M households invest in financial instruments in the Netherlands” »
Fidelity Institutional, the division of Fidelity Investments dedicated to providing technology, solutions and insights to wealth management firms and institutions, announced today that Rohit Mahna has been named Head of Client Growth, effective January 2022. Mr Mahna joins Fidelity from Salesforce, where he was senior vice president and general manager of the company’s Global Financial…
Read More “Fidelity Institutional appoints Rohit Mahna as Head of Client Growth” »
Electronic brokerage Interactive Brokers has updated its TWS platform, with the latest (beta) version of the solution offering an enhanced Events Calendar. The redesigned Events Calendar can help traders stay on top of current and upcoming economic and corporate events for companies around the globe. The latest addition – detailed IPO data from Renaissance Capital…
Read More “Interactive Brokers adds detailed US IPO data to Events Calendar in TWS platform” »
The Cyprus Securities and Exchange Commission (CySEC) has issued a Policy Statement relating to its decision to further amend Directive 87-04, in an effort to ensure the smooth transition of UK groups operating under the Temporary Permissions Regime (TPR), until they establish a physical presence in Cyprus. Let’s recall that in December 2020, CySEC introduced…
Read More “CySEC grants certain UK firms permission to operate under TPR” »
