Daily News Headlines

  • Daily News Headlines – 29 Jul 2020

    Fund managers expect ETFs tracking Hang Seng Tech Index to take off as investors seek a piece of the red hot industry

    SCMP, 29 Jul 2020

    The new Hang Seng Tech Index will allow fund houses to introduce exchange traded funds (ETF) to track the tech sector and enable passive fund managers to invest in the booming sector and promote Hong Kong as a listing hub, according to fund managers.

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    MAS revokes licence of Apical Asset Management Pte. Ltd for AML/CFT breaches, reprimands its CEO and Board

    MAS, 28 Jul 2020

    The Monetary Authority of Singapore (MAS) revoked the Capital Markets Services (CMS) licence of Apical Asset Management Pte. Ltd. (AAMPL) on 28 July 2020, for serious breaches of MAS’ Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) requirements. MAS has also reprimanded AAMPL’s CEO and Director Yeh Yin Yee and Director Bernard Kan Cheok Yin for failing to discharge their duties and functions of ensuring that AAMPL complies with all laws and rules governing its operations. 

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    Exemptions issued under s337(2) SFA - 2Q2020

    MAS, 28 Jul 2020

    View exemptions issued under section 337(2) of the Securities and Futures Act for the period from 1 April 2020 to 30 June 2020.

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    SEC Charges VALIC Financial Advisors with Failing to Disclose Payments to Promote Services to Florida Educators

    SEC, 28 Jul 2020

    The Securities and Exchange Commission today charged Houston-based VALIC Financial Advisors Inc. (VFA) in a pair of actions for failing to disclose to teachers and other investors practices that generated millions of dollars in fees and other financial benefits for VFA.

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