Search Results for: Securities and Exchange Commission
The first cryoptocurrency miner in the world to offer shares through an initial public offering
January 14th, 2016
After months of delays, Australian bitcoin company Bitcoin Group will finally make its share market debut in February. The Melbourne-based company is the first cryoptocurrency miner in the world to offer shares through an initial public offering, which opened ...
Hedge fund manager barred from managing client money until 2018
January 11th, 2016
Steven A. Cohen Barred From Supervisory Hedge Fund Role SEC Examinations and Independent Consultant Reviews Also Part of Settlement The Securities and Exchange Commission announced that hedge fund manager Steven A. Cohen will be prohibited from supervising funds that manage ...
SEC: J.P. Morgan Misled Customers on Broker Compensation
January 7th, 2016
The Securities and Exchange Commission announced that J.P. Morgan’s brokerage business agreed to pay $4 million to settle charges that it falsely stated on its private banking website and in marketing materials that advisors are compensated “based on our clients’ ...
China Said to Intervene in Stocks After $590 Billion Selloff
January 5th, 2016
State funds buy after CSI 300 index tumbled 7% on Monday CSRC signals six-month selling ban on major holders to stay China moved to support its sinking stock market as state-controlled funds bought equities and the securities regulator signaled ...
China battles to shore up stocks, yuan after globe-shaking slide
January 5th, 2016
China moved to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling markets worldwide, but analysts warned investors to buckle up for more wild price swings. Stocks fell more than 2 ...
China Halts Stock Trading After 7% Rout Triggers Circuit Breaker
January 4th, 2016
Weak manufacturing data, end to share-sale ban sparked rout Stocks in Hong Kong extend retreat after mainland halt The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures ...
SFC signs MoU with CFTC to enhance supervision of Cross-Border Regulated Entities
December 29th, 2015
The Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the U.S. Commodity Futures Trading Commission (CFTC) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate ...
Morgan Stanley Settles Charges in “Parking” Scheme
December 23rd, 2015
The Securities and Exchange Commission today announced that Morgan Stanley Investment Management has agreed to pay $8.8 million to settle charges that one of its portfolio managers unlawfully conducted prearranged trading known as “parking” that favored certain advisory client ...
J.P. Morgan to Pay $267 Million for Disclosure Failures
December 21st, 2015
The Securities and Exchange Commission announced that two J.P. Morgan wealth management subsidiaries have agreed to pay $267 million and admit wrongdoing to settle charges that they failed to disclose conflicts of interest to clients. An SEC investigation found that ...
NSX Is Approved by the SEC to Re-Launch Trading Operations
December 21st, 2015
NSX Plan for Phased Roll-Out On December 14, 2015, the Securities and Exchange Commission (“SEC”) issued an order granting NSX final approval to re-launch and resume operations for equity and ETF trading. Accordingly, NSX has given notice to its ...
