Search Results for: law
Officials will interview Traders about currency market manipulation
November 25th, 2014
U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters. Officials from the ...
Bitcoin Needs an Aggressive Legal Defense
November 25th, 2014
Across the board, bitcoin requires forceful and aggressive legal defense, not complicity with governments in crafting policy and regulations. It’s going to get a lot rougher for bitcoin in the months and years ahead. We have to be prepared. ...
India Rebounding?
November 25th, 2014
India has a population of more than 1.2 billion, more than one-sixth of world population. A coupole of decades ago, economic growth started surging in India. For example, the share of the population that was essentially destitute, below the ...
Starr Gets Boost From U.S. Documents in AIG Bailout Case
November 25th, 2014
Maurice “Hank” Greenberg’s argument that the U.S. sought to evade a shareholder vote on its 2008 bailout of American International Group Inc. (AIG) may get a boost from a Fed legal adviser’s own words. “We succeeded in finding a ...
Asic announce cancellation of credit licence and bans director
November 25th, 2014
ASIC has cancelled the Australian credit licence (credit licence) of Net Finance (Corp) Pty Ltd (Net Finance) and banned its director, Mr Graham Tandy, from the credit industry for 10 years. A second employee responsible for the day-to-day operations ...
SEC Charges Penny Stock Company Executives in New Jersey With Issuing False Press Releases to Inflate Stock Price
November 24th, 2014
The Securities and Exchange Commission today charged father-and-son executives at a New Jersey-based penny stock company for issuing false and misleading press releases while secretly selling thousands of their own stock shares into the market. They agreed to pay ...
Investigation of Mobily accounting errors key test of Saudi Arabia’s governance resolve
November 24th, 2014
An investigation into accounting irregularities at Saudi Arabia’s No 2 phone operator is shaping up as a key test of governance as the kingdom’s markets open up to foreign investment Shares in the Saudi phone operator Etihad Etisalat, also ...
Credit Suisse ordered to pay $1.8 billion to finalize U.S. guilty plea
November 24th, 2014
A U.S. judge on Friday accepted Credit Suisse’s (CSGN.VX) guilty plea to end a criminal case accusing it of helping wealthy Americans avoid paying taxes, and ordered the bank to pay roughly $1.8 billion in fines and restitution. The ...
How a $5,000 IRA Can Grow to $196 Million in Six Years: GAO
November 21st, 2014
Individual retirement accounts were created to help ordinary Americans build a nest egg for later life. But the IRA has also enabled some affluent investors to accumulate multimillion-dollar tax-sheltered accounts, often by using assets that aren’t publicly traded. Unless ...
States Lose Patience Over US Internet Sales Tax
November 21st, 2014
The National Conference of State Legislatures (NCSL) has sent a letter to House of Representatives Speaker John Boehner (R – Ohio), expressing its “disappointment and frustration” with his announcement ruling out passage of the Marketplace Fairness Act (MFA) during ...
