Search Results for: Fed
Operator of commodity trading fund charged with defrauding fund participants
July 3rd, 2018
The Commodity Futures Trading Commission (CFTC or Commission) filed a civil enforcement action in the U.S. District Court for the Eastern District of New York, charging Defendant Harris Bruce Landgarten of Old Brookville, New York, with defrauding participants in ...
PwC ordered to pay millions dollars in damages over bank’s collapse
July 3rd, 2018
A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank failures of the global financial crisis. ...
Asia stocks fall, euro slipped; Key events coming up this week
July 3rd, 2018
Asia stocks extended declines and the yuan slumped once again amid debate surrounding the impact of an escalating trade war and fear of contagion to emerging markets. Treasury yields dipped and the dollar steadied. Share indexes in Tokyo and ...
The euro and the pound fell; Stocks dropped in Asia on Monday
July 2nd, 2018
Stocks dropped in Asia on Monday after capping their worst quarter since 2015 last month, as investors gird for U.S. tariff hikes on Chinese imports that could damp export demand across the region. Oil fell and the dollar headed ...
Is China part Of the “Emerging Market Crisis”?
June 29th, 2018
Being huge, consequential and technologically advanced, China isn’t normally lumped into the “emerging” category with Brazil and Argentina. To most observers they’ve already left the kids table and are now seated with the developed-world adults. But that might be ...
Why Americans are warming to mobile payments
June 29th, 2018
Americans have long been laggards when it comes to paying for goods and services with a smartphone. Plenty still prefer to sign credit-card slips or even cheques. But there are signs that they are warming to more modern methods. ...
U.S. court fined company for fraud in a commodity futures day-trading system
June 27th, 2018
Federal Court orders Jody Dupont of Anderson, South Carolina, and his company, Open Range Trading LLC, to pay $192,000 for defrauding customers in connection with offering and selling futures trading system. The Commodity Futures Trading Commission (CFTC) announced that ...
Singapore, Trade and Geopolitics
June 26th, 2018
The Western media was incredulous. The Donald had disregarded diplomacy, scuttled out of the G7 meeting in Canada without endorsing the G7 agreement, and ended up shaking hands with a previously avowed enemy in Singapore. The formally leisurely ...
U.S. Regulatory Authority shuts Down $102 Million Ponzi Scheme
June 21st, 2018
The Securities and Exchange Commission (SEC) filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S. According to the SEC’s complaint, the defendants defrauded more ...
Key Brexit vote likely to prompt volatility in GBP/EUR
June 21st, 2018
MP’s are set to debate the government’s Brexit withdrawal bill for the second time today, after the House of Lords voted to amend the bill and send it back to the lower house on Monday. The key point ...
