Search Results for: law
$1.5 Million Sent in Error to Money Manager
October 30th, 2014
Credit Suisse is trying to find Joseph Galbraith, manager of Galbraith Capital Investment Management, to which the bank says it sent the money in January. In the board game Monopoly, when the bank makes an error in your favor, ...
U.S. prosecutors reopen probes against several big banks
October 30th, 2014
U.S. prosecutors are reopening investigations into big banks on suspicion they may have violated agreements under which the institutions settled prior cases against them, The New York Times reported, citing lawyers briefed with the matter. With the settlements, the ...
Suspension of payments for Assya Asset Management Luxembourg S.A.
October 29th, 2014
Luxembourg’s financial regulator has issued an announcemnt that in accordance with Article 60-2 of the law of 5 April 1993 on the financial sector, the company ASSYA ASSET MANAGEMENT LUXEMBOURG S.A. has filed an application for suspension of payments ...
Accountant fined for not keeping up with CPD
October 29th, 2014
A chartered accountant has been reprimanded and fined for not keeping up with requirements for continuous professional development (CPD). David Foister, of Kettering, Northamptonshire, has been fined £1,000 and ordered to pay costs of £1,500 for not submitting annual ...
Trio of Russian state-owned banks take EU to court over sanctions
October 29th, 2014
Three Russian major state-owned institutions – Sberbank, VTB and Vnesheconombank – have announced that they have filed lawsuits with an EU court to contest sanctions the European Union imposed on them in late July. The first to announce its ...
FINMA reprimands Coop Bank for market abuse
October 29th, 2014
FINMA, the Swiss financial regulator, condemned the Coop Bank for manipulating the market price of its own bearer shares from 2009 to 2013. Its actions constituted a serious violation of supervisory provisions on market manipulation and an infringement of its organisational ...
FXCM pays administrative penalty of $180,000 to Canadian regulator
October 27th, 2014
The Financial and Consumer Services Tribunal (Tribunal) approved a settlement agreement between Forex Capital Markets, the Financial and Consumer Services Commission (FCNB) and the Manitoba Securities Commission, which requires Forex Capital Markets to pay administrative penalties for non-compliance with ...
CySec and FSC warn against LiveFX
October 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) and the FSC Mauritius have recently been made aware that LiveFX is displaying a fraudulent copy of an Investment Dealer, Full Service Dealer (excluding underwriting) Licence portraying the logo FSC Mauritius which is accessible ...
Latham and Bakers’ Saudi associates take key roles on $6bn National Commercial Bank IPO
October 27th, 2014
Latham & Watkins and Baker & McKenzie’s association firms in Saudi Arabia have won key roles advising on the IPO of the country’s largest lender, the National Commercial Bank (NCB). The $6bn (£3.7bn) flotation is the largest-ever listing in ...
Mashreq Bank retail chief insists the bank does not cold call customers
October 27th, 2014
Mashreq Bank has insisted that it does not engage in cold calling of residents, according to the bank’s UAE head of retail banking. Despite the practice being outlawed by authorities in the UAE since 2011, there have been numerous ...
