Search Results for: Vest Financial
Broker-Dealer to pay $2.75 million penalty
September 14th, 2018
The U.S. financial regulator Securities and Exchange Commission (SEC) announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and ...
Cryptocurrency ether plunges again, decoupling from bitcoin
September 13th, 2018
Ether, one of the best-performing cryptocurrencies during the boom last year, is taking another nose dive on Wednesday. The world’s second largest cryptocurrency fell 8 percent to a low of $170.34, bringing its drop since the high in January ...
5 ways the World Economic Forum says Artificial intelligence is changing banking
September 13th, 2018
Artificial intelligence has been a focus of discussions at the World Economic Forum’s annual meeting in Davos, Switzerland, over the past few years, so the organization decided to partner with Deloitte Consulting on a study that sought to “cut ...
Bitcoin crash: This man lost his savings when cryptocurrencies plunged
September 12th, 2018
An estimated $400 billion has been wiped off the value of major cryptocurrencies since January. Sean Russell’s life savings were among them. Russell rarely played the stock market and had little investing experience when he put around $120,000 into ...
Pan-European tax fraud web leads to New Jersey and Dubai
September 12th, 2018
White-collar criminals aren’t usually so blatant about their intentions. But after tracking a trail of tax fraud that flowed from Denmark to Germany, the UK, Canada, Luxembourg and Malaysia, Danish investigators stumbled on a corporation in Delaware whose name ...
Oil prices rose as U.S. drilling for new production stalled
September 10th, 2018
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. U.S. West Texas Intermediate (WTI) crude futures were at ...
The world’s second-largest cryptocurrency Ether plunges more than bitcoin
September 7th, 2018
Ether was the star cryptocurrency last year, way outperforming its predecessor bitcoin. But 2018 has been a different story. The world’s second-largest digital asset is down 76 percent this year and can’t seem to catch a break. Investor patience ...
Dutch bank ING fined 775 million euros in money laundering case
September 7th, 2018
Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country’s financial prosecution service said in a statement that ING for years failed to adequately ...
Two men charged with fraud in fake trading accounts scheme
September 7th, 2018
The Securities and Exchange Commission (SEC) charged two Michigan men with fraud for their roles in a fake accounts scheme perpetrated by a phony day-trading firm, Nonko Trading. The SEC alleges that Jeffrey Goldman of West Bloomfield, Michigan, and ...
CySEC fined LQD Markets Ltd €50.000
September 6th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that on its Board meeting held on July 2, 2018, decided to impose an administrative fine to LQD Markets Ltd. In accordance CySEC’s announcement, CySEC decided to ...
