Search Results for: law
Citi shared central bank info with clients: ex trader
September 11th, 2015
Citigroup sent details of its central bank customers’ trading activity to another client and handed out details of its foreign exchange order book to customers in electronic chatrooms, a former foreign exchange trader said in a witness statement to ...
SEC Announces Fraud Charges Against Financial Adviser
September 10th, 2015
SEC Announces Fraud Charges Against Financial Adviser Accused of Greatly Exaggerating Assets Under Management and Investment Returns on Paid Radio Program The Securities and Exchange Commission announced fraud charges against a Maryland-based financial services firm and its founder/CEO accused ...
Revenue & Customs ‘winding down’ inquiries into HSBC Swiss tax evaders
September 10th, 2015
After reopening investigation into HSBC clients hiding money in Switzerland, HMRC admits it has still only prosecuted one tax cheat HM Revenue and Customs (HMRC) is winding down its inquiries into hundreds of British customers who used HSBC’s Swiss ...
CySec issued warning for an Unauthorised Firm
September 10th, 2015
The Cyprus Securities and Exchange Commission (CySec), the regulatory authority in Cyprus, has issued a press release to warn public in relation with an Unauthorised Firm. Specific, CySec warns that the company ‘Fundsaver Services Ltd’ (www.ubroker.com): 1. Is not ...
Greece: Capital controls relaxed for corporations
September 10th, 2015
The Greek Finance Ministry eased capital controls on corporate transactions on Wednesday by doubling from 7 to 14 million euros the daily limit each of the country’s four systemic banks is allowed to approve in response to demands by ...
What Is The Difference Between Bitcoin, FOREX & Gold? ‘A Tripod Theory’
September 10th, 2015
As Bitcoin and it’s counterparties known as “altcoins” enter the mainstream many investors are seeking information on the mechanics of trading these revolutionary peer-to-peer niche oriented decentralized global cryptocurrencies. Bitcoin, forex and gold have many similar yet distinct differences that make each a unique and viableinvestment vehicle. Bitcoin is a ...
DIFC reports impressive growth in first half of 2015
September 9th, 2015
Total number of registered companies up 8.3% to 1,327 140 new licensed companies and a combined workforce of 18,521 178,376 sq. ft. of net commercial office space leased in 2015 Ground-breaking of 11th office building in The Gate District ...
Former Citi trader tells court information-sharing was common practice: Update
September 9th, 2015
A former Citigroup foreign exchange trader claiming unfair dismissal after a currency rigging scandal told a London court on Tuesday that the activities for which he was fired were common practice at the U.S. bank at that time. Perry ...
PayPal to Close its Operations in Puerto Rico amidst Government Capital Control
September 9th, 2015
Puerto Rico has recently used legislation to force capital controls. The country has imposed a 2% fee on any money transmission, forcing Paypal’s to pull out of the country. Following an attempt to start capital controls, Puerto Rico government passed a ...
Credit Suisse challenges court order to pay $288 mn in mortage suit
September 9th, 2015
Swiss banking giant Credit Suisse on Monday challenged a court ruling ordering it to pay a US hedge fund $287.5 million (257.6 million euros) in a case linked to the burst housing bubble. A court in the US state ...
