Search Results for: Securities and Futures Commission
CFTC opens access to Indian Futures market for U.S. customers
May 18th, 2018
The Commodity Futures Trading Commission (CFTC) issued an order to the National Stock Exchange of India (NSE) as part of its longstanding program of regulatory deference to foreign regulatory frameworks. Through its Part 30 exemptive program the CFTC provides ...
SFC reprimands and fines Credit Suisse millions for regulatory breaches
February 9th, 2018
The Securities and Futures Commission (SFC) has resolved its concerns with Credit Suisse (Hong Kong) Limited (CSHK), Credit Suisse Securities (Hong Kong) Limited (CSSHK) and Credit Suisse AG (CSAG) (collectively, Credit Suisse) over internal control failures. Under the resolution, ...
U.S. stock futures headed lower; Euro little changed, Pound and Aussie were steady
February 5th, 2018
Asian equities fell and U.S. stock futures headed lower, extending the biggest selloff for global stocks in two years as investors adjusted to a surge in global bond yields. Shares sank across the region, with Japan’s benchmarks falling the ...
Several current and former KPMG partners face court contempt
December 20th, 2017
Several current and former KPMG partners are facing contempt proceedings in a Hong Kong court, as liquidators for a failed U.S.-listed Chinese company step up their action against the auditor over its refusal to produce Chinese working papers. The ...
Joint reviews by HKMA and SFC on managing conflicts of interest in financial groups
November 28th, 2017
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued a circular highlighting observations from their recent joint thematic reviews on the potential conflicts of interest arising from the sale of in-house products by registered institutions ...
Yen slipped, Korean Won and Aussie Dollar rose; Asian stocks climbed
November 7th, 2017
Asian stocks climbed, with a regional index trading at its highest in a decade, as energy and materials companies benefited from a surge in oil and metals prices. Japan’s Nikkei 225 Stock Average finished at its strongest level since ...
Hong Kong and Dubai financial regulators sign Fintech cooperation agreement
August 29th, 2017
The Securities and Futures Commission (SFC) entered into a cooperation agreement with the Dubai Financial Services Authority (DFSA) to establish a framework for mutual assistance to keep abreast of the development and application of financial technology (Fintech) (Note 1). ...
Assurance Capital Management and its owners fined $2.4 Million
July 12th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) has issued a press release to inform that the Federal Court in Florida Orders Anthony J. Klatch II, Lindsey Heim, and their Company Assurance Capital Management, LLC to Pay More than $2.4 ...
QMIS Securities Limited and former responsible officer convicted of giving SFC false or misleading information
July 3rd, 2017
The Eastern Magistrates’ Court has convicted QMIS Securities Limited (QMIS) and its former responsible officer (RO), Mr Huang Kuang Cheng, of making false or misleading representations when submitting licensing information to the Securities and Futures Commission (SFC) (Notes 1 ...
Malaysia and Australia seal agreement on fintech cooperation
June 29th, 2017
On 27 June 2017 the Malaysia Securities Commission (‘SC’) and ASIC signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy. Malaysia is a vibrant fintech destination. In 2015, Malaysia ...
