Search Results for: law firms
SEC Probes Threat From Cyber Attacks Against Wall Street
March 27th, 2014
The U.S. Securities and Exchange Commission is examining the exposure of stock exchanges, brokerages and other Wall Street firms to cyber-attacks that have been called a threat to financial stability. The SEC held a roundtable discussion of those risks ...
ASIC accepts enforceable undertaking from Franchelen Pty Ltd
March 26th, 2014
ASIC has accepted an enforceable undertaking (EU) from Franchelen Pty Ltd (Franchelen), after an investigation found they engaged in unlicensed credit activity. ASIC’s investigation looked at the financing offered by Franchelen to consumers who were purchasing units in a ...
How Suntech, Chinese Solar Giant, Was Snared In An Italian Fraud Scandal
March 21st, 2014
As 2008 began, the future looked brilliant for green energy giant Suntech Power and its high-flying founder, Shi Zhengrong. Suntech was one of the world’s largest makers of solar panels, the first non-state-owned Chinese company traded on the New ...
CySec: Administrative fines
March 19th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has issued an announcement giving the following firms the administrative fines as follows: SAFS Holdings Public Ltd – €1.600 Firstdelos Group Plc – €1.600 Empire Capital Investments ...
Londongrad Dealmakers Threatened by Sanctions
March 18th, 2014
Russian companies have made $180 billion in deals globally in the past two years, providing steady profits to London bankers, lawyers, and image crafters as the city has become a hub for such transactions. Sanctions being imposed by the ...
Solicitor and firm numbers holding up, SRA figures show
March 18th, 2014
The much-predicted exodus of solicitors and firms from the legal profession has yet to materialise, new Solicitors Regulation Authority figures have revealed. The SRA’s regulated population update showed 3,189 fewer solicitors in March this year compared with the previous ...
George Ioulianos, General Manager of Cyprus Fiduciary Association
March 14th, 2014
1. What is the Cyprus Fiduciary Association and what has it achieved so far? The Cyprus Fiduciary Association was founded in November 2011 by the initiative of a number of fiduciary providers whose aim was to further develop and ...
Risks for investing in complex products
March 13th, 2014
The Cyprus Securities and Exchange Commission (‘the Commission’) wishes to inform the Cyprus Investment Firms (‘the CIFs’) about the following: 1. The European Securities Markets Authority (‘ESMA’) has issued a warning to investors in relation to risks of investing in complex ...
FINRA Issues New Investor Alert, Bitcoin: More than a Bit Risky
March 13th, 2014
The Financial Industry Regulatory Authority (FINRA) issued a new investor alert called Bitcoin: More than a Bit Risky to caution investors that buying and using digital currency such as Bitcoin carry risks. While speculative trading in bitcoins carries significant risk, there ...
Vodafone, Verizon Accused By India’s Home Ministry of Sharing Customer Details With UK’s GCHQ
March 11th, 2014
The Indian operations of Vodafone (NASDAQ:VOD) and Verizon (NYSE:VZ) shared details about their customers with Britain’s Government Communications Headquarters, or GCHQ, news reports said Monday, citing a December memo from the internal security division of India’s Ministry of Home ...
