Search Results for: Securities and Exchange Commission
SEC Identifies More Alleged Corrupt Brokers in Stock Manipulation Case
November 5th, 2015
The Securities and Exchange Commission announced it has identified three additional individuals to charge in a penny stock manipulation case the agency filed last year against alleged corrupt brokers and others. The SEC filed a request in federal court ...
China forex regulator tells staff to take graft fight seriously
November 3rd, 2015
China‘s foreign exchange regulator has urged its officials to take seriously the ruling Communist Party’s fight against corruption and follow rules closely, the regulator said in a statement released by the country’s graft watchdog on Tuesday. Dozens of senior ...
FxPro Announces South Africa FSB Licence
October 27th, 2015
FxPro Financial Services Limited (‘FxPro’) has issued today a press release to announce that: It has acquired authorisation by the South Africa Financial Services Board (‘FSB’) to operate as a Financial Service Provider (‘FSP’; licence no. 45052). The newly ...
London Wants to Become the Center of Chinese Currency Trading
October 20th, 2015
PBOC official said to view London as likely renminbi hub Euronext study expects $5 trillion of Chinese investment Three years ago, Chinese officials said U.K. Prime Minister David Cameron had “seriously damaged” relations by meeting with the Dalai Lama, the ...
SEC announced settlement of charges with two UBS Advisory Firms
October 20th, 2015
Two UBS Advisory Firms Settle Charges Arising From Failure to Disclose Change in Investment Strategy Settlement Will Return More Than $13 Million to Harmed Investors The Securities and Exchange Commission announced that two UBS advisory firms have agreed to settle ...
First Data Announces Pricing of its Initial Public Offering
October 16th, 2015
First Data (“First Data”) announced the pricing of its initial public offering of 160,000,000 shares of its Class A common stock at $16.00 per share. Shares of First Data’s Class A common stock are expected to begin trading on ...
CFTC extends conditional relief for Australian-based trading platform Yieldbroker
October 16th, 2015
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today announced it has issued a no-action letter extending conditional time-limited relief for Australian-based trading platform Yieldbroker Pty Limited (Yieldbroker). This no-action letter will allow Yieldbroker additional ...
UBS to Pay $19.5 Million Settlement Involving Notes Linked to Forex trading strategy
October 14th, 2015
Case Is Agency’s First Against an Issuer of Retail Structured Notes The Securities and Exchange Commission today announced that UBS AG has agreed to pay $19.5 million to settle charges that it made false or misleading statements and omissions ...
Are You Ready to Buy Stocks at Your Grocery Store?
October 14th, 2015
Kmart, Office Depot, Safeway and other retailers roll out gift cards that give recipients shares in top companies Now selling at the checkout counter: breath mints, hand sanitizer and…$25 of Berkshire Hathaway stock? In a new twist on the bustling gift-card ...
SEC charged Trading Company With failing to maintain Policies to prevent misuse of Material Nonpublic Information
October 13th, 2015
The Securities and Exchange Commission today charged Wolverine Trading LLC and Wolverine Asset Management LLC with failing to maintain and enforce policies and procedures to prevent the misuse of material nonpublic information. The Chicago-based affiliates will pay more than ...
