Archives
SEC Charges Stockbroker and Law Firm Managing Clerk
March 20th, 2014
The Securities and Exchange Commission charged a stockbroker and a managing clerk at a law firm with insider trading around more than a dozen mergers or other corporate transactions for illicit profits of $5.6 million during a four-year period. ...
Lease Accounting Standard Inches Forward
March 20th, 2014
Despite disagreements about how to report leases, standard setters held firm Wednesday on putting all of them on the balance sheet. Rather than going back to the future, the Financial Accounting Standards Board apparently moved closer to the completion ...
Budget 2014: Support for manufacturers and exporters
March 20th, 2014
Along with savers, business was the chief beneficiary of the Budget with support for manufacturers, exporters and investment THERE can be few complaints from business about what George Osborne served up in the 2014 Budget. Along with savers, business ...
ASIC reports on penalties for corporate wrongdoing
March 20th, 2014
ASIC, the Australian Securities and Investment Commission, has released Report 387 Penalties for corporate wrongdoing (REP 387). REP 387 reviews penalties in Australia for corporate wrongdoing to assess whether they are proportionate and consistent. It compares ASIC’s penalties with: ...
European Central Bank: review mission to Greece
March 20th, 2014
Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) have concluded their review mission to Greece. The teams have reached staff-level agreement with the authorities on policies that could serve as the ...
FCA: Wealth Planning Solutions Europe (clone)
March 20th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that “Wealth Planning Solutions Europe” (wealthplanningsolutions@europe.com) is a clone firm of “Wealth Planning Solutions Europe OY”, and thus, is not permitted to provide financial ...
Stocks slump on Yellen rate hike remark
March 20th, 2014
Investors weren’t too thrilled by what they heard from Janet Yellen during her first meeting in charge of the Fed. The Dow fell more than 100 points, while the S&P 500 and Nasdaq also finished lower. Stocks were relatively ...
Son-in-law’s testimony quotes bin Laden after 9/11: ‘We are the ones who did it’
March 20th, 2014
The defendant’s testimony in a stilled Manhattan courtroom Wednesday took a federal jury half a world and many years away, to a mountain cave in the desolation of Afghanistan, to the hours after the September 11, 2001, terror attacks. ...
Dubai Banking Analysts Seen Earning Double Bonus of London Peers
March 20th, 2014
Junior bankers in the United Arab Emirates are reaping almost 36 percent more salary than their counterparts in London, with bonuses almost double those paid in the U.K. capital, compensation data provider Emolument said. Fixed salaries at the analyst ...
FCA warning
March 20th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that Axis Capital Limited is not permitted to provide financial services or products. Furthermore, FCA points out that Axis Capital Limited is neither regulated ...
