Archives
ASIC: Pepperstone exits the Japanese market
October 13th, 2014
Pepperstone Group Ltd (Pepperstone) has agreed to cease providing financial services in Japan following inquiries by ASIC that revealed they were not licensed by the Japanese Financial Services Agency. Pepperstone is an Australian corporation, which was licensed by ASIC ...
Gas Natural of Spain offers to buy Utility in Chile
October 13th, 2014
The company said in a regulatory filing that it was offering $7.93 a share, or $3.3 billion. As part of the offer, it said that shareholders that control 54.19 percent of the company had already agreed to sell their ...
IOSCO Securities Market Risk Outlook 2014-15
October 13th, 2014
IOSCO has issued an announcement claiming that two charts published in its Securities Market Risk Outlook 2014-15 have raised concerns regarding the accuracy of the underlying data on which the charts are based. The Risk Outlook was issued on ...
I.M.F. warns of Global Financial Risk
October 13th, 2014
Policy makers at a meeting of the International Monetary Fund said that high debt in China and a lack of spending in Europe, among other factors, could provoke a market convulsion. A more immediate concern drew the attention of ...
IOSCO Consults on Principles regarding the Custody of CIS Assets
October 13th, 2014
The International Organization of Securities Commissions (IOSCO) has published a consultation report on Principles regarding the Custody of Collective Investment Schemes’ Assets. The report is aimed at gathering the views of investment managers, custodians, institutional investors and other interested ...
Deutsche clampdown on bad behavior appears exodus of traders
October 13th, 2014
Senior bankers at Deutsche Bank AG (DBKGn.DE) are abandoning the bank amid a crackdown on bad behavior by traders, as the bank undergoes a probe by global regulators into allegations of attempts to rig markets, the Financial Times reported ...
Financial Education for Entrepreneurs: How to get it right?
October 10th, 2014
Financial education needs a coordinated and integrated approach and to be taught as early as possible. More and better synergies among all players in the financial environment – but not only- are needed, but it is also important to ...
Venezuela ordered to pay $1.6 billion to Exxon
October 10th, 2014
International arbitration panel rules against South American nation in oil project complaint. An international arbitration panel has ordered Venezuela’s socialist government to pay $1.6 billion to ExxonMobil for the seizure of a major oil project in the South American ...
Central Bank of Ireland warning on Unauthorised Investment Firm
October 10th, 2014
The Central Bank of Ireland published the name of an unauthorised investment firm/investment business firm, namely GEN Equities (Ireland and Switzerland). GEN Equities (Ireland and Switzerland) is not authorised by the Central Bank as an investment firm, an investment business ...
SEC Charges Current and Former E*TRADE Subsidiaries With Improperly Selling Penny Stocks
October 10th, 2014
The Securities and Exchange Commission announced an enforcement action against current and former brokerage subsidiaries of E*TRADE Financial Corporation that failed in their gatekeeper roles and improperly engaged in unregistered sales of microcap stocks on behalf of their customers. ...
