Search Results for: regulators
Merrill Lynch to pay millions for supervision failures
September 25th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Merrill, Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered Futures Commission Merchant, for failing to supervise its employees’ and agents’ handling ...
The forthcoming global crisis
September 22nd, 2017
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to the crisis phase of the credit cycle. Most national economies are directly boosted by China, ...
CEO Charged With Using Secret Accounts for Insider Trading in Company Stock
September 21st, 2017
The Securities and Exchange Commission today charged the former CEO of a Silicon Valley-based fiber optics company with insider trading in company stock by using secret brokerage accounts held in the names of his wife and brother. The SEC ...
Here’s why the crackdown on bitcoin in China is ‘not a real problem’ for the digital currency
September 20th, 2017
The cryptocurrency market appears to be unconcerned about a Chinese crackdown on bitcoin, the largest digital coin by market cap. On Thursday reports that Chinese regulators would require exchanges to shut down bitcoin trading triggered a sell-off of nearly ...
Closure of investigation into KPMG’s audit of HBOS plc
September 19th, 2017
The Financial Reporting Council (‘FRC’) announces the closure of its investigation into the conduct of KPMG’s audit of HBOS plc for the year ended 31 December 2007. The Executive Counsel to the FRC has, following a detailed investigation, concluded ...
Introducing broker to pay a $50,000 fine
September 19th, 2017
The National Futures Association (NFA) has published a decision issued by an NFA Hearing Panel in regards an order against the introducing broker Kingsview Futures LLC to pay a $50,000 fine. According the information, The Decision, issued by an ...
Supervisory authorities around the world warn for unauthorised financial services entities
September 18th, 2017
The supervisory authorities of Australia (Australian Securities and Investment Commission- ASIC), United Kingdom (Financial Conduct Authority – FCA), Hong Kong (Securities and Futures Commission – SFC), Belgium (Financial Services and Markets Authority – FSMA), Denmark (Danish Financial Supervisory Authority ...
Top China Bitcoin exchange to stop trading
September 15th, 2017
One of China’s biggest Bitcoin exchanges has said it will stop trading, after a government warning over virtual currencies. BTCC said it would stop buying and selling on 30 September in response to tightening regulation. It comes after authorities ...
Main moves of currencies: British Pound little changed, Euro steady
September 15th, 2017
Financial markets are once again showing a short-lived reaction to a North Korean missile launch as investors become accustomed to a cycle of provocations followed by diplomatic censure and sanctions that fall short of shutting down the dictatorship. South ...
U.S. Regulator is monitoring the impact of Hurricane Irma on investors and capital markets
September 14th, 2017
The Securities and Exchange Commission is closely monitoring of the impact of Hurricane Irma on investors and capital markets, and continues to monitor the impacts of Hurricane Harvey. “As we are doing in areas affected by Hurricane Harvey, the ...
