Search Results for: law
Obama unveils U.S. immigration reform, setting up fight with Republicans
November 21st, 2014
President Barack Obama imposed the most sweeping immigration reform in a generation on Thursday, easing the threat of deportation for some 4.7 million undocumented immigrants and setting up a clash with Republicans who vow to fight his moves. In a White ...
Former financial adviser jailed for two years
November 21st, 2014
A former Perth-based financial adviser today was jailed for two years for stealing almost $1.5 million worth of shares. Todd Michael King was sentenced to two years jail and was made eligible for parole. In September 2014, following a ...
Wall Street Used Commodities Storage, Tankers for Unfair Gain, Senate Panel Finds
November 20th, 2014
Wall Street’s biggest banks have used their ownership of metals warehouses, oil tankers and other commodities businesses to gain unfair trading advantages and dominate markets, according to a U.S. Senate investigation. In a report on Goldman Sachs Group Inc., ...
Switzerland To Join Multilateral Convention On AEOI
November 20th, 2014
The Swiss Federal Council has approved plans for the nation to join the Multilateral Competent Authority Agreement (MCAA) on the Automatic Exchange of Financial Account Information, describing it as a logical step, after it agreed in principle in May ...
CySec announces the suspension of the authorisation of CIF ‘WGM Services Ltd’
November 20th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the authorisation of the Cyprus Investment Firm ‘WGM Services Ltd’, number 203/13, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets ...
ASIC shuts down unlicensed FX business and removes its director from the industry
November 20th, 2014
ASIC has taken action in the NSW Supreme Court to permanently shut down unlicensed foreign exchange (FX) business, Vault Market Pty Ltd (Vault Market), and to remove its sole director, Mr MD Anamul Amin, from the financial services industry. ...
Chief legal ombudsman quits after accounts probe
November 19th, 2014
The chief legal ombudsman has resigned from his £161,000 post following a dispute in relation to the unpublished annual accounts of the complaints service. A spokesman for the ombudsman’s office said this morning: ‘We can confirm that Adam Sampson ...
SEC Charges Unregistered Broker With Stealing From Investors in Fraudulent Day Trading Scheme
November 19th, 2014
The SEC alleges that Albert J. Scipione and his business partner solicited investors to establish accounts at their company called Traders Café for the purposes of day trading, which entails the rapid buying and selling of stocks throughout the ...
Apple Told to Pay $23.6 Million Over Pager Technology
November 18th, 2014
Apple Inc. (AAPL) was told to pay a Texas company $23.6 million after a jury found its iPhone and other devices used pager technology from the 1990s without permission. Six patents owned by Mobile Telecommunications Technologies LLC are valid and ...
Home Depot profit beats estimates as U.S. job market improves
November 18th, 2014
Home Depot Inc, the world’s No.1 home improvement chain, reported a better-than-expected quarterly profit as an improving job market encouraged Americans to spend more on renovations. The company reaffirmed its 2014 sales growth forecast of about 4.8 percent and ...
