Search Results for: U.S. regulator
Bats Reports Fourth Quarter Net Income Growth of 50%
February 9th, 2017
Sets Record for Full Year 2016 Net Revenue of $436 Million Bats Global Markets, Inc. (Bats: BATS), a leading global exchange operator and provider of market data and other financial markets services, today reported net income of $32.5 million ...
FXCM to exit U.S market following the penalty; Sells accounts to Gain Capital
February 7th, 2017
Following the penalty imposed by CFTC, FXCM has issued an announcement to inform that FXCM US reaches Settlement with NFA and CFTC, the company to Exit the U.S., sells Accounts to GAIN and the company to Pay down Loan. ...
FXCM and its founding partners ordered to pay a $7 Million Penalty
February 7th, 2017
CFTC Orders Forex Capital Markets, LLC (FXCM), Its Parent Company, FXCM Holdings, LLC and FXCM’s Founding Partners, Dror Niv and William Ahdout, to Pay a $7 Million Penalty for FXCM’s Defrauding of Retail Forex Customers FXCM, Niv, and Ahdout ...
FINRA named new Senior Vice President for Corporate Communications
February 1st, 2017
The Financial Industry Regulatory Authority (FINRA) announced today that it has named Josh Drobnyk as its Senior Vice President for Corporate Communications. Mr. Drobnyk will start at FINRA on February 6. Mr. Drobnyk comes to FINRA from the U.S. ...
MoneyGram Agrees to Merge with Ant Financial
January 27th, 2017
MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer services, and Ant Financial Services Group, one of the world’s leading digital financial services providers and parent company of Alipay, a global mobile payment platform, today announced that they ...
Harvard Business Review: Blockchain Is Foundational, Not Disruptive
January 25th, 2017
True blockchain-led transformation is still many years away, according to an article, “The Truth About Blockchain” in the Harvard Business Review, because it does not deliver a truly “disruptive” business model which can attack an existing model with a lower ...
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 ...
Takata to plead guilty to criminal wrongdoing in defective airbags probe; to pay $1 billion
January 13th, 2017
Takata Corp. is expected to plead guilty to criminal wrongdoing and pay $1 billion over its handling of defective airbags, the The Wall Street Journal reported Thursday. The auto parts supplier has been under federal investigation since its rupture-prone airbags were ...
Second Forex Dealer pleads guilty to conspiring to fix prices in the FX market
January 13th, 2017
A foreign currency exchange (FX) dealer became the second person to plead guilty to conspiring to fix prices in the FX market, the Justice Department announced today. According to the one-count information filed in the U.S. District Court for ...
A multibillion-dollar natural gas boom may reunify Cyprus
January 12th, 2017
A potential energy boom in Cyprus could spur a deal to reunify the ethnically-divided island after more than 40 years. A breakthrough may come at a United Nations-brokered multilateral summit in Geneva this week. The island nation has discovered ...
