Daily Archives: 15/07/2016
Investment advisory firm agreed to pay $300,000 to settle SEC charges
July 15th, 2016
The Securities and Exchange Commission today announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled ...
Sterling set for biggest weekly gain since 2009 after BoE rate hold
July 15th, 2016
Equity markets down in morning trading The pound is set to see its biggest weekly gain since 2009, up 3.2% against the dollar since Monday, following the Bank of England’s decision to hold rates at 0.5% this month. Despite ...
FX settlement services provider CLS reports data for June 2016
July 15th, 2016
CLS has issue a report to make publish its monthly volumes and values for June 2016. According to the company: Total input volumes1 and values In June 2016: The average daily input volume submitted to CLS, combining the settlement ...
Oil falls on glut fears, but China data curbs losses
July 15th, 2016
Crude futures dipped in Asian trading on Friday on renewed concerns about a global oil glut, but losses were capped by slightly better than expected Chinese economic data reflecting government efforts to stabilize growth. Brent crude futures were down ...
Linear selects RSRCHXchange for MiFID II compliant research procurement
July 15th, 2016
Linear Investments, a specialist prime broker and an award winning hedge fund incubator, has selected RSRCHXchange, the online marketplace for institutional research, to enable their hedge fund clientele to access and track research consumption in a MiFID II compliant ...
Bitcoin wallet enables payments via Twitter
July 15th, 2016
The bitcoin wallet iPayYou has launched its “Pay-by-Twitter” feature. With this tool, users can make peer-to-peer payments on Twitter, according to a press release. The company already enables users to send bitcoin through email. Former Amazon executive Gene Kavner founded the ...
EU Council adopts new rules on Corporate Tax avoidance
July 15th, 2016
On 12 July 2016, the Council adopted new rules addressing some of the practices most commonly used by large companies to reduce their tax liability. The directive is part of a January 2016 package of Commission proposals to strengthen rules ...
DueDil sees triple-digit sales increase on the back of international growth
July 15th, 2016
Tech firm DueDil has enjoyed a bumper second quarter in 2016 after attracting a raft of high-profile clients and a significant jump in enterprise sales. PayPal, Securitas Ireland and Currencies Direct have all signed up for the London-based data ...
MasterCard was ordered to pay Sainsbury $90.8 million in fee case
July 15th, 2016
MasterCard Inc. was ordered to pay U.K. supermarket chain J Sainsbury PLC 68.6 million pounds ($90.8 million) because fees it passed on to the grocer were too high, a London judge ruled. The lawsuit concerned interchange fees that are ...
CFTC Orders Atlantas Group, Inc. and Edmund Hysni to Pay in Total $7.2 Million
July 15th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Respondents Atlantas Group, Inc. (Atlantas) and Edmund Hysni for committing solicitation fraud in connection with options on futures contracts trading on the Chicago Board of Trade ...
