Search Results for: SEC
Audi fined 800 million euros; What prosecutors said
October 17th, 2018
German law enforcement authorities added another chapter to Volkswagen’s diesel scandal Tuesday by fining the company’s luxury division Audi 800 million euros ($925 million) for selling cars rigged to cheat on emissions tests. Prosecutors in Munich said Tuesday that ...
The CySEC innovation Hub for FinTech and RegTech developments welcomes applicants
October 15th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to invite prospective applicants to apply for participation in the Hub’s programme. This announcement follows the announcement dated 27 July, 2018, when CySEC announced the establishment of its ...
Cybersecurity to the top of the agenda for law firms
October 3rd, 2018
Defending against cyberattacks has overtaken artificial intelligence as the main technology issue for law firms, and over half of the top law firms are investing in systems changes over the next two years according to the report. Top priority ...
CySEC announced that Kit Finance Brokers Ltd is authorised as a Cyprus Investment Firm
October 2nd, 2018
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that a new company has been approved by the Commission as Cyprus Investment Firm (CIF). According the announcement, the firm ...
Bitcoin-funded securities dealer and CEO charged for law violations
September 28th, 2018
The Securities and Exchange Commission filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins. According to the SEC’s complaint, 1pool Ltd. a/k/a ...
SEC shuts down a $345 million Ponzi-like scheme
September 24th, 2018
The Securities and Exchange Commission (SEC) announced it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset freeze and ...
CySEC withdraw the license of two Cyprus Investment Firms
September 17th, 2018
The Cyprus Securities and Exchange Commission (CySEC), the independent public supervisory Authority responsible to exercise effective supervision to ensure investor protection and the healthy development of the securities market in Cyprus, has issued two announcements to inform the withdrawal ...
US Securities and Exchange Commission halts trading in two cryptocurrency products
September 10th, 2018
The U.S. Securities and Exchange Commission (SEC) said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing confusion in the markets over whether the products are exchange-traded funds (ETFs). In accordance the SEC’s ...
The world’s second-largest cryptocurrency Ether plunges more than bitcoin
September 7th, 2018
Ether was the star cryptocurrency last year, way outperforming its predecessor bitcoin. But 2018 has been a different story. The world’s second-largest digital asset is down 76 percent this year and can’t seem to catch a break. Investor patience ...
CySEC fined LQD Markets Ltd €50.000
September 6th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that on its Board meeting held on July 2, 2018, decided to impose an administrative fine to LQD Markets Ltd. In accordance CySEC’s announcement, CySEC decided to ...
