Search Results for: sec
CySec imposes administrative fine of €5.000
July 3rd, 2014
The Cyprus Securities and Exchange Commission informs the investors that, at its meeting held on 02.06.2014 , decided to impose the administrative fine of €5.000 in total against “Deloitte Investment Services Ltd” for breaching the Prevention and Suppression of ...
CySec on regulation for MMFs
July 2nd, 2014
In view of the upcoming discussions to the Council of the European Union, the Cyprus Securities and Exchange Commission (CySec) has published a press release for the attention of the supervised entities, the stakeholders and the investing public to ...
The Sterner, Stricter SEC
July 1st, 2014
As Mary Jo White sees it, the Securities and Exchange Commission’s job is to patrol Wall Street and Main Street and catch financial fraudsters. Since becoming the agency’s chair in April 2013, White, a former federal prosecutor and defense ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
June 30th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “1 Financial ROD Ltd” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under ...
Flaw found in PayPal two-step security
June 26th, 2014
Researchers have discovered a hole in an extra security measure used by PayPal, the eBay-owned payments company, to protect customers’ online accounts. Duo Security, a Michigan-based cyber security company, says its researchers have found a way to bypass so-called ...
FINRA Expels Success Trade Securities and Bars CEO Fuad Ahmed for Ponzi Scheme
June 26th, 2014
The Financial Industry Regulatory Authority (FINRA) has announced that a FINRA hearing panel has expelled Washington, D.C.-based Success Trade Securities, Inc. from membership and barred its CEO and President, Fuad Ahmed, for the fraudulent sale of promissory notes and ...
CySec warning against unauthorised firm
June 25th, 2014
The Cyprus Securities and Exchange Commission (CySec) has published a press release informing the investors that the company ‘BDB Services Ltd’ (https://www.australia.bancdebinary.com and https://www.bbinary.com): 1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to ...
CySec: acquisition of Administrative Services Providers (ASP) licence
June 24th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that “Waidelotte Directors Limited” has successfully obtained the CySec licence to operate as Administrative Services Provider (ASP). Therefore, it is now authorised to operate legally ...
SEC Charges Hedge Fund Advisory Firm
June 24th, 2014
The U.S. Securities and Exchange Commission has charged a West Palm Beach, Fla.-based hedge fund advisory firm and its founder with fraudulently shifting money from one investment to another without informing investors. The firm’s founder and another individual later ...
CySec: acquisition of Administrative Services Providers (ASP) licence
June 23rd, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that “CST Trustees Limited” has successfully obtained the CySec licence to operate as Administrative Services Provider (ASP). Therefore, it is now authorised to operate legally under ...
