Search Results for: legal
Millenium Capital Exchange CEO Sentenced to Federal Prison for Running Forex Ponzi Scheme
September 3rd, 2015
Stafford S. Maxwell, the former owner and Chief Executive Officer of Millennium Capital Exchange, Inc., was sentenced to three years, nine months years in prison for orchestrating a multi-million dollar foreign exchange market Ponzi scheme. “With false promises of ...
Global Value Chains and Rethinking Production and Trade
September 2nd, 2015
Back in the 1920s and 1930s, manufacturing often meant enormous factories that tried to bring as many activities as possible under one roof–what economists call “vertical integration.” However, the trend in recent decades has been toward “global value chains,” ...
UBS Unit to Pay More Than $2.9 Million to Investors in Puerto Rico
September 2nd, 2015
Bank’s wealth-management unit ordered to pay two investors for losses tied to island’s municipal bonds UBS AG’s wealth-management unit was ordered to pay more than $2.9 million to two investors in Puerto Rico for losses tied to funds holding ...
Russia’s Fist Just Clenched Around the Internet a Little Tighter
September 2nd, 2015
A new Russian law imposes restrictions on foreign Internet firms. It’s a feeling locals already know all too well. Global Internet firms operating in Russia wake up on Tuesday to a new era in Kremlin regulation. A law now ...
Global 100 firms expand in Europe as Hill Dickinson hires a captain
September 1st, 2015
Last week saw Global 100 firms building their presence in Europe, with White & Case bolstering its private equity (PE) practice and Cleary Gottlieb Steen & Hamilton expanding its competition offering in Brussels. Meanwhile Hill Dickinson hired two partners for its ...
Slater & Gordon sets sights on Global 100 in 2016 as revenues hit A$522m
August 31st, 2015
Slater & Gordon has published its financial results for the year to 30 June 2015, recording a 27% increase in revenues as it continued its acquisitive streak throughout the year. The Australian-listed firm said that turnover had grown from A$411.1m ...
Barclays set to become first UK high street bank to accept bitcoin
August 31st, 2015
Company set to partner with a ‘bitcoin exchange’ or spending platform Has two bitcoin ‘labs’ in London and has been collaborating with start-ups Bought with real money and traded online, a bitcoin is worth around $230 It can be ...
China state media announces confessions in probes into stocks plunge
August 31st, 2015
Chinese state media announced a slew of confessions on Monday following investigations into recent stock market gyrations, including from a detained reporter who admitted to spreading false information that caused “panic and disorder”. An official from China‘s securities regulator ...
Stock Markets update: UBS launches on Xetra & HSBC uses EurexOTC clear
August 28th, 2015
New UBS equity index ETF launched on Xetra ETF provides first-time access to Japanese companies focussed on sustainability A new equity index ETF issued by UBS ETF Sicav has been tradable on Xetra and Börse Frankfurt since Thursday. ETF ...
Google rejects EU’s antitrust complaints citing benefits to consumers and advertisers
August 28th, 2015
Google (Nasdaq:GOOG) has rejected the European Union’s antitrust complaints against it, saying the case is “wrong as a matter of fact, law and economics”. The company’s comments came in its lengthy reply to the EU, which accused the internet ...
