Search Results for: sec
Ernst & Young settles SEC accusations for $4 million
July 15th, 2014
Ernst & Young agreed to pay $4 million to settle charges that it compromised its independence. Ernst & Young has agreed to pay $4 million to settle charges by the Securities and Exchange Commission that its auditors illegally lobbied ...
U.S. prosecutors offer junior UK traders immunity in forex probe
July 14th, 2014
Prosecutors from the U.S. Department of Justice are offering immunity deals to junior traders in London as they continue to investigate the alleged rigging of foreign exchange rates by banks and senior traders, the Financial Times reported, citing sources. ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
July 11th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “AMFF Ltd” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision ...
SEC readies new rules for money funds
July 10th, 2014
The Securities and Exchange Commission (SEC) may soon roll out new regulations for money market mutual funds, at least those used by institutional investors. The rules would abolish the constant $1-a-share price for money funds and put limits on ...
BNP pleads guilty for second time in $9 billion U.S. sanctions accord
July 10th, 2014
BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba ...
CySec warns against unauthorised internet domain
July 9th, 2014
The Cyprus Securities and Exchange Commission (CySec) wishes to inform the investors that the entity which operates the domain (https://www.eurobondfx.com): 1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
July 9th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “GBE Safepay Transactions Ltd” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under ...
Czech Government Agrees Second Reduced VAT Rate
July 8th, 2014
The Czech Government on July 2, 2014, confirmed that it intends to introduce a second reduced rate of value added tax (VAT) of ten percent. After months of indecisive debate, the new reduced rate was approved by the Cabinet, ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
July 7th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Moneychoice Brokers Ltd” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the ...
SEC charges five traders for short selling violations
July 3rd, 2014
The Securities and Exchange Commission (SEC) has charged five traders for committing short selling violations while trading for themselves and Worldwide Capital Inc., a Long Island, N.Y.-based proprietary firm that earlier this year paid the largest-ever monetary sanction for ...
