Archive for the ‘Industry News’ Category

Australia, ASIC looking at Misleading and Deceptive Advertising

September 1, 2011Andy No Comments »

After seeking more disclosure from CFD companies, the Australian Securities & Investments Commission is now looking to curtail cases of abuse involving misleading and deceptive advertising by financial services companie

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Ireland, Seán Quinn’s Incredible Half a Million Punt on Anglo-Irish Bank’s Stock

August 26, 2011Andy 1 Comment »

It is thought that Sean Quinn bought over half a billion worth of shares in Anglo-Irish Bank on a single day, on two separate occasions.

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Australia, Beware of Frontline Financial Planning: ASIC

August 18, 2011admin No Comments »

It has been reported that Frontline Financial Planning, a company that is presently under investigation by ASIC is running an unauthorised operation offering Australians the ability to buy and sell CFDs and trade foreign exchange

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Australia, Slow Down in CFD Activity

August 17, 2011Andy No Comments »

The number of investors dealing in CFDs in Australia has slowed down given the persisting high levels of market volatility and increased awareness of the risks involved.

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UK, LMAX Troubles

August 15, 2011Andy No Comments »

Apparently things aren’t too well over at LMAX. The LMAX CFD and FX trading backed by Goldman Sachs and owned by Betfair reported a pre-tax loss amounting to £13.2m in the year to April 30, 2011 on revenues of £271,000.

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Australia, ASIC seeks more Disclosure on CFDs‎

August 14, 2011Andy No Comments »

The Australian Securities and Investments Commission has tightened the rules governing contracts for difference which now require clearer disclosure in seven areas.

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Australia, ASIC aims to tighten rules around CFDs and Margin Forex Trading

May 10, 2011Andy No Comments »

The Australian Securities and Investments Commission (ASIC) has proposed a tightening of the rules around the financial requirements for issuers of over-the-counter derivative products.

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UK, Retrieving Money from Direct Sharedeal

May 7, 2011Andy No Comments »

Glasgow-headquartered CFD stockbroker has been put into administration. This could spell trouble for some IFAs.

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Australia, Regulator to close loophole on CFDs Trading

May 4, 2011Andy No Comments »

ASIC is thought to be working to close a loophole in CFD trading in which some CFD issuers keep trading even when the underlying security has stopped trading.

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UK, Chief quits Betfair’s LMAX months after retail launch

April 4, 2011Andy No Comments »

The CEO of Betfair’s financial trading exchange LMAX has left the company – only three months after the trading platform launched for retail investors.

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Australia, Former Macquarie fund manager sentenced for Insider Trading

April 1, 2011Andy No Comments »

Former Macquarie Bank trader Oswyn de Silva has been sentenced to 2 1/2 years’ jail time for insider trading by “front running” his orders on the Singapore Stock Exchange in 2006 and 2007.

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UK, Financial Ombudsman Service registers an Increase in Advisory CFD Services Complaints

February 19, 2011Andy No Comments »

The Financial Ombudsman Service (FOS) has registered an increase in complaints in relation to advisory CFD providers with particular emphasis on broker charges having reported 250 cases in the last few months.

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Australia, ASX urges ASIC to tighten broker rules

January 31, 2011Andy No Comments »

The Financial Ombudsman Service, in a report to the ASIC, has urged the commission to increase protection for investors in CFDs. The ombudsman has called for more stringent minimum standards that would restrict CFD providers from allowing unexperienced clients to trade in the derivative products.

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Dubai and Qatar to be first Gulf Countries to allow Short-Selling?

December 18, 2010Andy No Comments »

The United Arab Emirates and Qatar may well become the first two Gulf countries to permit short-selling as regulators try to revive trading volumes.

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Australia, CFD newcomer supports tighter ASIC Rules

December 9, 2010Andy No Comments »

Capital CFDs back ASIC’s moves to close loopholes on regulations on the Australian market.

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