Search Results for: SEC
SEC Obtains Asset Freeze Against China-Based Trader for Suspicious Activity Last Week
June 24th, 2015
The Securities and Exchange Commission today obtained an emergency court order to freeze the assets of a trader in China who profited by more than $1 million after trading in a U.S. brokerage account in advance of last week’s ...
SEC Charges Unregistered Brokers in EB-5 Immigrant Investor Program
June 24th, 2015
The Securities and Exchange Commission today charged two firms that illegally brokered more than $79 million of investments by foreigners seeking U.S. residency. The charges are the first against brokers handling investments in the government’s EB-5 Immigrant Investor Program ...
Legal Suit Sheds Light on Secret Trading Technology
June 23rd, 2015
Ashbury Heights accuses former data partner of misusing intellectual property A legal dispute in San Francisco is shedding light on the secret tools that some of the biggest quantitative hedge funds, including WorldQuant LLC and Two Sigma Investments LLC, ...
ECB: TARGET2-Securities successfully launched
June 23rd, 2015
TARGET2-Securities (T2S), the Eurosystem’s landmark platform for securities settlement, started live operation this morning A first group of securities depositories and their user communities from Greece, Malta, Romania and Switzerland are now connected to T2S for settlement of euro ...
Access to the Financial Sector: A Global Perspective
June 22nd, 2015
The availability of a bank account is a big help to individuals, and to an economy. For the individual, it provides safety for saving, a channel for receiving and making payments, and the possibility of getting a loan at ...
CySec warns investors on the risks of investing in complex products
June 19th, 2015
CySec has issued a press release to warn investors to the risks of investing in complex products CySec stated that: It has come to the attention of the CySEC that retail investors are finding themselves involved in trading in complex financial ...
FIFA, Iran, HSBC Top To-Do List for Swiss Prosecutor
June 18th, 2015
After winning re-election as Switzerland’s Attorney-General on Wednesday, Michael Lauber went straight back to work. Not that he had much choice with a to-do list that’s getting longer by the day. Swiss authorities last week opened a probe into ...
SEC Announces Enforcement Action for Illegal Offering of Security-Based Swaps
June 18th, 2015
The Securities and Exchange Commission today announced an enforcement action against a company that illegally offered complex derivatives products to retail investors. The Dodd-Frank Act implemented two key requirements for any security-based swaps offering to a retail investor who ...
Grant Thornton and Foley O’Neill agree new securities finance collaboration
June 17th, 2015
Leading business and financial adviser Grant Thornton UK LLP has agreed a new collaboration with independent consultancy Foley O’Neill, which will see the two firms working together to offer specialist securities finance and collateral management consultancy services. A well-established voice ...
CySec: Renouncement of Cyprus Investment Firm licence
June 16th, 2015
The Cyprus Securities and Exchange Commission has issued a press release to inform that: On 6th June 2015, the CIF Saxo Capital Markets CY Ltd, which provided investment services via the domain www.saxomt4.com, renounced its authorization pursuant to section 24(1)(b) of ...
