Search Results for: SEC
Plus500 on CySec’s Circular for bonuses
December 2nd, 2016
Plus500 has issued an announcement following the 13% dive of its share price. According its announcement, Plus500 does not believe that the CySec’s Circular relevant to the CFD industry in which the Company operates, will have a material operational ...
Latest on FIFA fraud case: Swiss prosecutors add former FIFA Secretary General to corruption probe
December 1st, 2016
Former FIFA executive Linsi added to corruption probe Swiss prosecutors have added former FIFA Secretary General, Urs Linsi, to their criminal investigation into alleged corruption surrounding the 2006 World Cup in Germany. Investigators searched the Swiss citizen’s home on ...
The second country in the world to develop a National Digital Currency
December 1st, 2016
Senegal has recently become only the second country in the world to introduce a digital currency based on blockchain technology. Named eCFA, the digital currency will be legal tender just as the current currency, CFA Franc, is. Senegal’s eCFA ...
FXPRIMUS announces the gold standard in client’s funds security
November 30th, 2016
FXPRIMUS is pleased to announce the commencement of its latest initiative which enhances the safety of all clients’ funds with additional insurance protection of up to €2.5 million. FXPRIMUS has introduced the gold standard in the clients’ funds protection ...
CySec publishes information for CIFs in relation to retail investors under MiFID
November 30th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform the Cyprus Investment Firms (CIFs) that ESMA published on October 11, 2016, an updated version of its questions and answers document (the ‘Q&A’) on the application ...
CySec suspends the license of a Cyprus Investment Firm
November 24th, 2016
The Cyprus Securities and Exchange Commission (‘CySEC’) announces that the authorisation of the Cyprus Investment Firm ‘PFX Financial Professionals Ltd’ (‘the Company’), with number 193/13, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated ...
T-Mobile’s accounting slammed by investor group in letter to SEC
November 24th, 2016
MarketWatch is not alone in criticizing wireless operator T-Mobile US. Inc. for its accounting. An investor group sent a formal letter of complaint to the Securities and Exchange Commission on Wednesday, asking the regulator to conduct a probe of ...
Why South Korean Prosecutors Just Raided Samsung Headquarters
November 23rd, 2016
They also raided the country’s largest pension fund. South Korean prosecutors on Wednesday raided the offices of Samsung Group, Yonhap news agency reported, over its alleged link with Choi Soon-sil, President Park Geun-hye’s confidant who has been indicted in ...
CySec issued a new warning regarding individuals impersonating CySec representatives
November 17th, 2016
Following up on its announcements dated 27 November 2015, 10 June 2016 and 19 October 2016, the Cyprus Securities and Exchange Commission (CySec) would like to remind investors and the general public of the following: From time to time it comes ...
CommSec pays $200,000 in infringement notice penalty
November 16th, 2016
Commonwealth Securities Limited (“CommSec”) has paid a penalty of $200,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP had reasonable grounds to believe that CommSec contravened subsection 798H(1) of the Corporations Act ...
