Top news of the day, May 21
1. The Cyprus Securities and Exchange Commission (‘CySEC’) has notified the public that has imposed an administrative fine of €20.000 to Trademarker (Cyprus) Ltd for the infringement of the Law which provides for the provision of Investment services, the exercise of Investment activities, the operation of regulated markets and other related matters.
2. LMAX Exchange, the UK’s fastest growing technology company and the leading FCA regulated MTF for FX, is pleased to announce its first full year of profitability with reported annual net profits of £0.5 million in 2014.
3. Deutsche Bank AG said it has suspended several Moscow-based traders over allegedly breaching anti-money-laundering rules, adding to the list of legal woes at Germany’s largest lender.
4. EY is on the cusp of being crowned new auditors to Royal Dutch Shell should its shareholders anoint them at the fossil fuel giant’s 2016 Annual General Meeting.
The announcement secures EY’s growing presence in the sector having already bagged the audits of oil and gas giant BP and the BG Group,which it won in 2012, in the UK. BG is set to be acquired by Royal Dutch Shell, which puts the latest audit win into focus.
5. Work-life balance and stress are the primary reasons lawyers are not aspiring to partnership, new research has found.
The 2015 Salary and Benefits Benchmarker reportby legal recruiters Douglas Scott found that, while 79 per cent of male lawyers and 64 per cent of female lawyers wanted to make partner, nearly a third of all legal professionals had no partnership or business leadership aspirations.
By OneStopBrokers
