Search Results for: Securities and Exchange Commission
PCAOB Cracks Down on Fraud
June 12th, 2014
A new PCAOB standard will require auditors to probe more deeply into related-party deals, unusual transactions and executive pay. Citing “decades of financial reporting frauds,” the Public Company Accounting Oversight Board yesterday issued new rules aimed at tightening auditor ...
Slow Your Judgments on Fast Trading
June 11th, 2014
In a recent pair of articles, hedge-fund magnate Cliff Asness defended high-frequency trading against most of the attacks that have been leveled against it. Asness is known for his strong opinions. And while I’m generally on his side in ...
Shares Of Hertz Plunge On More Accounting Troubles
June 10th, 2014
Hertz Global Holdings, a favorite stock in recent months of some closely-watched hedge funds, disclosed on Friday morning that its audit committee had concluded that problems with the company’s financial statements for the last three years must be corrected ...
Wall Street Fights for Our Right to Pay 5% Fund Fees
June 6th, 2014
One of Wall Street’s chief lobbyists wants you to know that the financial industry has changed, a lot, since the financial crisis. The industry “has already fundamentally reshaped itself into one that is safer, sounder and more resilient,” Ken ...
High-Speed Trading Rules Coming From SEC
June 6th, 2014
U.S. Securities and Exchange Commission Chair Mary Jo White unveiled the regulator’s most sweeping plan yet for reining in high-frequency trading and monitoring dark pools and other secretive trading practices in the world’s largest equity market. Proprietary traders who ...
CySec informs on ESMA regulation
May 30th, 2014
The Chairman of the Cyprus Securities & Exchange Commission (CySec), Demetra Kalogirou, has announced through a circular on the ESMA – MiFID II / MiFIR Consultation Paper and Discussion Paper to inform the Cyprus Investment Firms and Regulated Markets about the following: 1. ...
First Derivatives extends FX Trade Surveillance capabilities
May 30th, 2014
First Derivatives (AIM: FDP.L, ESM: FDP.I), a global provider of software and consulting services to the financial services industry has announced the launch of its integrated trade execution, risk management and surveillance solution for FX markets. The solution enables brokers to provide ...
Credit Agricole Said to Accuse EU of Bias in Euribor Case
May 28th, 2014
Credit Agricole SA (ACA), which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the ...
MOEX Q1 Net Profit
May 27th, 2014
Moscow Exchange (MOEX) today announces its financial results for the first quarter (1Q) 2014 according to International Financial Reporting Standards (IFRS). Strong earnings growth was driven by fees and commissions generated by increased trading volumes across markets, particularly the ...
Logitech says audit committee investigating accounting matters
May 22nd, 2014
Logitech International SA said its audit committee is conducting an investigation into some of its accounting matters related to its earlier-stated results and the company may revise its fiscal year 2014 results. The Switzerland-based computer accessories maker said the ...
