Search Results for: Securities and Exchange Commission
SnapSwap granted first bitLicense in Europe
October 12th, 2015
SnapSwap International S.A. announced today that the company has been granted a license to provide services as a regulated payment institution by the Minister of Finance of the Grand Duchy of Luxembourg. The license allows SnapSwap to offer payments, remittances, ...
SEC: Blackstone to Pay Nearly $39 Million Settlement
October 8th, 2015
Blackstone Charged With Disclosure Failures Private Equity Advisers to Pay Nearly $39 Million Settlement The Securities and Exchange Commission announced that three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39 million to settle ...
ICE Clear Singapore Receives Recognition Under Emir; On Track For November 17 Launch
October 6th, 2015
Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, announced today that ICE Clear Singapore has been recognised as a third-country central counterparty (CCP) in accordance with the European Market Infrastructure Regulation (EMIR). “The EMIR recognition ...
SEC Charges Two Grant Thornton Firms With Violating Auditor Independence Rules
October 2nd, 2015
The Securities and Exchange Commission today charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations that occurred when two Grant Thornton Mauritius partners served on the boards of Mauritius-based subsidiaries of companies ...
UBS Unit to Pay $34 Million in Settlements Over Puerto Rico Bond Funds
September 30th, 2015
Settlements stem from former broker who had customers invest borrowed money in the funds A unit of UBS Group AG agreed to pay roughly $34 million in settlements with U.S. regulators regarding the sale of Puerto Rico bond funds ...
CySec announced an administrative fine to a Firm providing Administrative Services
September 24th, 2015
The Board of the Cyprus Securities Exchange Commission (‘CySEC’) would like to inform the public that, at the meeting held on August 3rd, 2015, decided to impose an administrative fine of €10.000 to Fellaco Services Ltd for violating section 5(1) of ...
Activist investor takes 6% stake in LPL Financial, sending stock higher
September 23rd, 2015
Marcato Capital says shares of the independent broker-dealer are undervalued at current levels An activist hedge fund investor on Tuesday afternoon said it had taken a 6.3% stake in LPL Financial Holdings Inc., sending the independent broker-dealer’s stock price ...
China Said to Suspect Citic of Insider Trading During Rescue
September 23rd, 2015
Preliminary probe said to find evidence of insider trading Citic says it hasn’t been notified on nature of investigation A Chinese probe found evidence that Citic Securities Co., the nation’s biggest brokerage, engaged in insider trading connected to the government’s ...
China Stocks Jump in Last Hour of Trading on State Support Signs
September 16th, 2015
Government buying may be trigger for rebound, IG Asia says ChiNext small-caps index jumps 7.2% for biggest one-day gain China’s stocks surged after the Shanghai Composite Index slid below the key 3,000 level, with gains coming in the ...
The president of China’s biggest brokerage is under investigation
September 16th, 2015
The president of China’s largest brokerage has been caught in Beijing’s widening probe of insider trading. Cheng Boming, the president of Citic Securities, is being investigated for “insider dealing and leaking inside information,” the company said in a stock ...
