Tiger Brokers Expands to
US Treasuries
Tiger
Brokers (Singapore) has introduced over 360 US Treasury securities on its
trading platform, Tiger Trade. This decision is in response to the growing
investor demand for low-risk investments amidst the current economic climate
characterized by high inflation and macroeconomic uncertainties. The platform
offers advanced technical features, such as T+0 trading, T+1 settlement, rapid
execution of orders, and quick dividend and interest payments.
The
addition of US treasuries, including bonds, bills, and notes, complements the
existing array of investment options on Tiger Trade, such as stocks, options,
and futures from global markets.
Nomura’s Retail Division
Renamed
Nomura
Holdings, Inc. has announced the renaming of its Retail Division to the Wealth
Management Division, effective from April 2024. This change reflects a
strategic overhaul in the division’s business model and revenue structure,
leading to significant results. The division has been restructured to assist clients in asset management better, shifting its focus towards a comprehensive
wealth management service model.
Nomura’s
new Wealth Management Division will offer a variety of services, including
in-person consulting, digital platforms, and employee services tailored to
asset building. The company is committed to contributing to Japan’s
transformation into an investment-oriented nation and ensuring a prosperous
future for its clients.
SC Malaysia Charges Former
Director for Money Laundering
Muhamad
Fadzli Jamaludin, a former director of Kyaputen Sdn Bhd, faces charges from the
Securities Commission Malaysia (SC) for money laundering
Money Laundering
Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund
Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund
Read this Term offenses involving
over RM1.23 million (USD 264,388.50). These charges, dated between August 2018 and April 2020,
are linked to unlicensed fund management activities. Fadzli has pled not guilty
and is currently out on bail, with conditions including passport surrender and
monthly reporting to the SC.
In light of
this case, the SC has advised investors to be cautious and skeptical about
investment opportunities. An updated Investor Alert List is available to help
the public identify unauthorized or unlicensed entities.
Eurex and TradingView
Collaborate
Eurex
Exchange and TradingView have joined forces to offer TradingView users
cost-effective access to real-time market data. This includes data for nearly
2000 products such as EURO STOXX 50 Index Futures and DAX Futures. The
collaboration aims to democratize access to financial information and aid users
in making informed trading decisions.
Eurex’s
integration of TradingView’s charting capabilities onto its website marks a
step forward in their partnership. This move is aimed at enhancing the trading
experience for non-professional users by making real-time market data more
accessible and affordable.
Cathedra Bitcoin Reports
Q3 2023 Financial Results
Cathedra
Bitcoin Inc. has announced its financial results for Q3 2023, showing a
significant increase in bitcoin mining yield and revenue. The company mined
73.40 Bitcoins, compared to 67.09 in the same period last year, thanks to an
expanded hash rate. Despite an increase in network hash rate, the company’s
revenue also rose, reflecting the effectiveness of its operational strategies.
Cathedra
has filed a base shelf prospectus valid for 25 months, allowing it to issue
various securities in Canada up to an aggregate offering amount of US$10
million. This move is part of the company’s strategy to expand its financial
capabilities and market presence.
OnePath Custodians Fined
for Misconduct
OnePath
Custodians Pty Ltd has been ordered by the Federal Court to pay a $5 million
penalty for making false or misleading representations and for failing to
provide services efficiently and fairly. The company should have disclosed the incorrectly charged fees
and failed to disclose information accurately to its superannuation product
members.
The Australian
Securities and Investments Commission (ASIC) Deputy Chair Sarah Court
emphasized the regulator’s priority to address misconduct that erodes
superannuation balances. ASIC
ASIC
The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the
The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the
Read this Term‘s efforts in this area include ongoing legal
actions against entities for similar breaches, and they continue to monitor the
sector to protect consumers’ retirement savings.
Fong Financial Planners
Convicted for Dishonest Conduct
In a separate
case, ASIC has fined Fong Financial Planners Pty Ltd for dishonestly conducting
its financial services business. The company was found guilty of submitting
false information on client insurance applications, failing to disclose
critical client details, and thus breaching the trust of its clients.
ASIC highlighted the importance of trust in the financial advisory sector and the need for general
deterrence in such cases. Mitigating factors in sentencing included the
company’s early guilty pleas and ASIC’s banning orders against its sole
director.
FMA New Zealand Warns of
Scam Involving Heartland Bank
The
Financial Markets Authority (FMA) of New Zealand has issued a warning regarding
a scam offering fake term deposits and bonds using Heartland Bank’s name.
Scammers have used the bank’s branding and staff names to lure investors with
fraudulent investment offers.
The FMA advised
investors to verify investment offers through official channels and be wary of
unsolicited investment opportunities. Heartland Bank has clarified that it does
not contact the public by phone to offer investment products, highlighting the
need for diligence in investment decisions.
NASDAQ Introduces
Technology for Carbon Credit Market
NASDAQ has
unveiled new technology to digitize the issuance, settlement, and custody of
carbon credits. This move is intended to support the growth and
institutionalization of the global carbon market, which currently suffers from
fragmentation and a lack of standardization.
The
technology will enable market operators to create and distribute digital
credits with full auditability. Nasdaq’s framework and APIs are designed to
encourage the establishment of a standardized ecosystem, attracting quality
liquidity and enhancing market connectivity.
Tiger Brokers Expands to
US Treasuries
Tiger
Brokers (Singapore) has introduced over 360 US Treasury securities on its
trading platform, Tiger Trade. This decision is in response to the growing
investor demand for low-risk investments amidst the current economic climate
characterized by high inflation and macroeconomic uncertainties. The platform
offers advanced technical features, such as T+0 trading, T+1 settlement, rapid
execution of orders, and quick dividend and interest payments.
The
addition of US treasuries, including bonds, bills, and notes, complements the
existing array of investment options on Tiger Trade, such as stocks, options,
and futures from global markets.
Nomura’s Retail Division
Renamed
Nomura
Holdings, Inc. has announced the renaming of its Retail Division to the Wealth
Management Division, effective from April 2024. This change reflects a
strategic overhaul in the division’s business model and revenue structure,
leading to significant results. The division has been restructured to assist clients in asset management better, shifting its focus towards a comprehensive
wealth management service model.
Nomura’s
new Wealth Management Division will offer a variety of services, including
in-person consulting, digital platforms, and employee services tailored to
asset building. The company is committed to contributing to Japan’s
transformation into an investment-oriented nation and ensuring a prosperous
future for its clients.
SC Malaysia Charges Former
Director for Money Laundering
Muhamad
Fadzli Jamaludin, a former director of Kyaputen Sdn Bhd, faces charges from the
Securities Commission Malaysia (SC) for money laundering
Money Laundering
Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund
Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund
Read this Term offenses involving
over RM1.23 million (USD 264,388.50). These charges, dated between August 2018 and April 2020,
are linked to unlicensed fund management activities. Fadzli has pled not guilty
and is currently out on bail, with conditions including passport surrender and
monthly reporting to the SC.
In light of
this case, the SC has advised investors to be cautious and skeptical about
investment opportunities. An updated Investor Alert List is available to help
the public identify unauthorized or unlicensed entities.
Eurex and TradingView
Collaborate
Eurex
Exchange and TradingView have joined forces to offer TradingView users
cost-effective access to real-time market data. This includes data for nearly
2000 products such as EURO STOXX 50 Index Futures and DAX Futures. The
collaboration aims to democratize access to financial information and aid users
in making informed trading decisions.
Eurex’s
integration of TradingView’s charting capabilities onto its website marks a
step forward in their partnership. This move is aimed at enhancing the trading
experience for non-professional users by making real-time market data more
accessible and affordable.
Cathedra Bitcoin Reports
Q3 2023 Financial Results
Cathedra
Bitcoin Inc. has announced its financial results for Q3 2023, showing a
significant increase in bitcoin mining yield and revenue. The company mined
73.40 Bitcoins, compared to 67.09 in the same period last year, thanks to an
expanded hash rate. Despite an increase in network hash rate, the company’s
revenue also rose, reflecting the effectiveness of its operational strategies.
Cathedra
has filed a base shelf prospectus valid for 25 months, allowing it to issue
various securities in Canada up to an aggregate offering amount of US$10
million. This move is part of the company’s strategy to expand its financial
capabilities and market presence.
OnePath Custodians Fined
for Misconduct
OnePath
Custodians Pty Ltd has been ordered by the Federal Court to pay a $5 million
penalty for making false or misleading representations and for failing to
provide services efficiently and fairly. The company should have disclosed the incorrectly charged fees
and failed to disclose information accurately to its superannuation product
members.
The Australian
Securities and Investments Commission (ASIC) Deputy Chair Sarah Court
emphasized the regulator’s priority to address misconduct that erodes
superannuation balances. ASIC
ASIC
The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the
The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the
Read this Term‘s efforts in this area include ongoing legal
actions against entities for similar breaches, and they continue to monitor the
sector to protect consumers’ retirement savings.
Fong Financial Planners
Convicted for Dishonest Conduct
In a separate
case, ASIC has fined Fong Financial Planners Pty Ltd for dishonestly conducting
its financial services business. The company was found guilty of submitting
false information on client insurance applications, failing to disclose
critical client details, and thus breaching the trust of its clients.
ASIC highlighted the importance of trust in the financial advisory sector and the need for general
deterrence in such cases. Mitigating factors in sentencing included the
company’s early guilty pleas and ASIC’s banning orders against its sole
director.
FMA New Zealand Warns of
Scam Involving Heartland Bank
The
Financial Markets Authority (FMA) of New Zealand has issued a warning regarding
a scam offering fake term deposits and bonds using Heartland Bank’s name.
Scammers have used the bank’s branding and staff names to lure investors with
fraudulent investment offers.
The FMA advised
investors to verify investment offers through official channels and be wary of
unsolicited investment opportunities. Heartland Bank has clarified that it does
not contact the public by phone to offer investment products, highlighting the
need for diligence in investment decisions.
NASDAQ Introduces
Technology for Carbon Credit Market
NASDAQ has
unveiled new technology to digitize the issuance, settlement, and custody of
carbon credits. This move is intended to support the growth and
institutionalization of the global carbon market, which currently suffers from
fragmentation and a lack of standardization.
The
technology will enable market operators to create and distribute digital
credits with full auditability. Nasdaq’s framework and APIs are designed to
encourage the establishment of a standardized ecosystem, attracting quality
liquidity and enhancing market connectivity.