Private Equity Adviser Barred From Industry for Improper Withdrawal From Funds

The Securities and Exchange Commission today announced that a private equity adviser has been permanently barred from the securities industry and must pay a $1.25 million penalty to settle charges that he withdrew improper fees from two private equity funds he managed. The SEC’s order...

PrimeXM and Tickstarter Announce Strategic Partnership

PrimeXM and Tickstarter announce that they will be forming a partnership to promote institutional connectivity for prime brokerages and hedge funds. The new partnership reflects PrimeXM’s vision for growth and will further enhance the company’s commitment to strategic expansion. As Cristian Vlasceanu, PrimeXM CEO, notes...

SEC Names Stephanie Avakian and Steven Peikin as Co-Directors of Enforcement

The Securities and Exchange Commission today announced that Acting Director of the Division of Enforcement Stephanie Avakian and former federal prosecutor Steven Peikin have been named Co-Directors of the Division of Enforcement. The Division of Enforcement is the agency's largest unit with more than...

Securities Commission Malaysia Issues Cease And Desist Order To CopyCash Foundation – Initial Coin Offering

The Securities Commission Malaysia (SC) has directed CopyCash Foundation to immediately cease and desist all its proposed activities including a purported plan to launch an Initial Coin Offering (ICO) on 10 January 2018 in Malaysia. This directive covers all activities as described in or incidental...

SIX opens F10 and starts new fintech startup accelerator program

SIX, the operator of the Swiss financial market infrastructure, is opening its fintech startup accelerator F10 to more firms in the Swiss financial center under the umbrella of its newly formed F10 Incubator and Accelerator. The aim of the association is to promote Switzerland's fintech...

Robo-Advisor Bambu Recruits Three New Investors

Bambu, a B2B robo-advisor platform provider, announces it has completed a funding round led by three new investors. Franklin Templeton Investments, a global leader in asset management, becomes the first strategic investor in Bambu. Wavemaker Partners, one of Singapore’s leading venture capitalists and part of...

BGC Partners Acquires Besso Insurance Group

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners", "BGC", or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today announced that it has entered into an agreement to acquire Besso Insurance Group Limited ("Besso"), an independent Lloyd's of London...

Market volatility drives record trading results for Liquidnet Apac

Liquidnet, the global institutional trading network, today announced a record in the third quarter in Asia Pacific as buy-side Members increased trading activity amid a spike in marketmoving events. Volumes rose 27% on the previous quarter with US$8.99 billion principal traded in APAC for the...

FMA Seeks Feedback On Robo-Advice Exemption

The FMA is seeking feedback on its proposals to allow entities to provide personalised financial advice generated by a computer programme or algorithm (robo-advice). This would be a temporary measure before new legislation is passed by Parliament. The current law, passed in 2008, did not...

Trading 212 Launches The UK’s First Zero Commission Share Trading Service

Fast-growing Fintech company Trading 212 is disrupting the UK stockbroking market with the launch of the first zero commission share trading platform.  This is the first time UK retail investors will be able to buy and sell shares without having their returns eaten up...

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