Search Results for: law
APX and IRESS announce connectivity to new trading platform
January 15th, 2015
Asia Pacific Stock Exchange (APX) and IRESS (ASX: IRE) today announced that IRESS will integrate support for the APX market into its well recognised trading platforms. This will provide order management and real time market data support for the ...
European Court of Justice – Outright Monetary Transactions (OMTs) case
January 14th, 2015
Comments by Yves Mersch, Member of the Executive Board, on the legal opinion of the Advocate General of the European Court of Justice in the OMT case OMT case “We take note of the European Court of Justice Advocate ...
Deutsche Bank Sued by TPV Founder Over $32 Million Loss
January 14th, 2015
Deutsche Bank AG was sued in Singapore by Stanley Pan Fang-Jen, a co-founder of Hong Kong-based TPV Technology Ltd. (903), over a $32 million trading loss due to alleged false representations. The bank denied wrongdoing. The bank advised the ...
Is the ECB allowed to buy sovereign bonds?
January 13th, 2015
The European Court of Justice is looking into whether the ECB’s plan to buy sovereign bonds is really within its mandate. Experts expect the central bank to start its program soon, in a bid to head off deflation. “The ...
Investigation on Behalf of Money transfer firm Xoom
January 13th, 2015
Latest news on Money transfer firm Xoom fraud Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of shareholders of Xoom Corporation (“Xoom” or the “Company”) (NASDAQ:XOOM) concerning possible breaches of fiduciary duties by ...
SEC Charges Direct Edge Exchanges With Failing to Properly Describe Order Types
January 13th, 2015
The Securities and Exchange Commission today announced that two exchanges formerly owned by Direct Edge Holdings and since acquired by BATS Global Markets have agreed to pay a $14 million penalty to settle charges that their rules failed to ...
Stages of money laundering
January 12th, 2015
Each day the methods used by money launderers become more sophisticated and the financial transactions more complex. With increased use of electronic communications, the speed with which money and assets can be converted and transferred has increased exponentially. There ...
SEC eyes transfer agents in new front against U.S. stock fraudsters
January 12th, 2015
In their battle to root out microcap stock fraudsters, U.S. securities regulators are turning their attention to the obscure world of transfer agents, who are sometimes in a position to prevent scams, or help to enable them. Transfer agents ...
Moody’s appeals Hong Kong regulator’s penalty for report on mainland firms
January 9th, 2015
Moody’s Investors Service began an appeal Thursday against a decision by the Hong Kong Securities and Futures Commission to fine the company HK$23 million (roughly US$3 million) for breaching unspecified regulations in a July 2011 report that raised corporate ...
How OPEC Weaponized the Price of Oil Against U.S. Drillers
January 9th, 2015
If there ever was doubt about the strategy of the Organization of Petroleum Exporting Countries, its wealthiest members are putting that issue to rest. Representatives of Saudi Arabia, the United Arab Emirates and Kuwait stressed a dozen times in ...
