Search Results for: law
ASIC publishes results of new reviews of high-frequency trading and dark liquidity
October 26th, 2015
The Australian Securities and Investment Commission has released today a report of new reviews of high-frequency trading and dark liquidity. The report examining the impact of high-frequency trading on Australian equity and futures markets and dark liquidity on Australian ...
Europe Admits QE Has Failed, Promises More Of It
October 23rd, 2015
New Age monetary policy has begun to resemble the form of insanity in which a patient repeats the same behavior while expecting a different outcome. Throughout the developed world, interest rates are at record lows and central banks continue ...
Barclays, HSBC and RBS agree to £600m fine for foreign exchange rigging
October 23rd, 2015
Three of Britain’s biggest banks were slapped with a $924m (£600m) bill for rigging foreign-exchange markets yesterday. Barclays, HSBC and RBS agreed the bill during a US federal court hearing, according to reports from Sky News. Barclays agreed to ...
European Court of Justice: Bitcoin is a currency and exchanges are VAT-exempt
October 22nd, 2015
The European Court of Justice (ECJ) has ruled that bitcoin exchange transactions should be exempt from VAT. The ECJ ruling stated that bitcoin transactions “are exempt from VAT under the provision concerning transactions relating to currency, bank notes and ...
MiFID II – the road ahead
October 22nd, 2015
The financial Conduct Authority (FCA), the financial regulator of UK, has published a Speech by David Lawton, Director of Markets Policy and International, FCA, delivered at the FCA MiFID II Conference, London. David Lawton, Director of Markets Policy and ...
Facebook’s transfer of European Union users’ data to the United States – Court ordered investigation
October 22nd, 2015
Irish court orders investigation of Facebook data transfers to US Ireland’s High Court on Tuesday (20 October) ordered an investigation into Facebook’s transfer of European Union users’ data to the United States, to make sure personal privacy was properly ...
$1B in legal fees for recovery of Madoff losses is a ‘good return on investment’
October 22nd, 2015
Lawyers recovering money for victims of Bernard Madoff’s Ponzi scheme say total legal fees in the case could reach $1 billion. In an interview with ABC News, court-appointed trustee Irving Picard of BakerHostetler said the fees are a “very good ...
CFTC charges individial for fraud involving a Futures Trading System and Advisory Service
October 22nd, 2015
Gramalegui also Charged with Violating a CFTC Administrative Order Entered in 2001, Settling Prior Fraud Charges Brought against Him The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a civil enforcement action in the U.S. District ...
CySec announced Withdrawal of suspension of CIF authorisation
October 21st, 2015
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that: Further to the announcement dated 16 July 2015, informs the public that, at its meeting dated 5 October 2015, decided ...
ACCC investigating banks’ closure of bitcoin companies’ accounts
October 20th, 2015
The Australian Competition and Consumer Commission is investigating why Australian banks are closing the accounts of bitcoin businesses, amid concerns banks are colluding to block emerging competitors. ACCC chairman Rod Sims told The Australian Financial Review the investigation was ...
