More than 25,000 people in UK join legal action against Volkswagen
January 30th, 2017
More than 25,000 British motorists have joined legal action against car giant Volkswagen over the ‘dieselgate’ emissions scandal. Motorists take their fight to the High Court today seeking a green light to proceed with the UK’s first ‘class action’. ...
Tesco faces fresh legal challenge over accounting scandal
January 25th, 2017
Supermarket chain Tesco is facing a fresh lawsuit for damages from investors over its 2014 accounting irregularities scandal. The legal action is being pursued by Manning & Napier, with the Financial Times newspaper reporting that the US investment house ...
Goldman Sachs files $1 billion countersuit against Indonesian businessman
January 24th, 2017
Goldman Sachs filed a $1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the U.S. bank for conducting what he called “unlawful” trades in the shares of a property firm. Benny Tjokrosaputro, president ...
SEC Establishes Supervisory Cooperation Arrangement With Hong Kong SFC
January 20th, 2017
The Securities and Exchange Commission today announced that it has established a comprehensive arrangement with the Hong Kong Securities and Futures Commission (SFC) as part of the SEC’s long-term strategy to enhance the oversight of regulated entities that operate ...
Deutsche Bank Agrees to Pay $7.2 Billion
January 18th, 2017
Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors in its Sale of Residential Mortgage-Backed Securities Deutsche Bank’s Conduct Contributed to the 2008 Financial Crisis The Justice Department, along with federal partners, announced today a $7.2 billion settlement ...
Senior Compliance Officer
January 16th, 2017
Senior Compliance Officer Reference Number: SCO2017 XM, a CySEC regulated international investment company, is seeking to recruit a high calibre, ambitious and energetic professional to join its Compliance Team! The key responsibilities of the role include: Working closely with ...
CFTC Chairman Timothy Massad Announces Resignation as Chairman
January 4th, 2017
Chairman Timothy G. Massad today said he has tendered to President Obama his resignation as Chairman of the U.S. Commodity Futures Trading Commission, effective on January 20, 2017. Mr. Massad issued the following statement: “For the past two and ...
CBOE close the acquisition of Bats; announces changes in Board Leadership
December 23rd, 2016
Edward Tilly to Take on Role of Both Chairman and CEO Chairman William Brodsky to Step Down After Nearly 20 Years at CBOE CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that William J. Brodsky, Susan M. Phillips and R. ...
CFTC Orders Goldman Sachs to Pay $120 Million Penalty for Attempted Manipulation
December 22nd, 2016
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against The Goldman Sachs Group, Inc., and Goldman, Sachs & Co. (collectively, Goldman or the Bank). The Order finds that, beginning in January 2007 ...
IMF head Christine Lagarde found guilty in French negligence court case
December 20th, 2016
IMF head was French finance minister in 2008 when billionaire was given $425M payout The high-flying career of Christine Lagarde, the head of the International Monetary Fund, hung in the balance Monday after a special French court convicted her ...
