Search Results for: law
IA ANALYSIS: FATCA is stranger than fiction
July 22nd, 2014
FATCA was implemented worldwide at the beginning of this month, but the impact (and costs) are only now just beginning to filter through to the financial services community. Part of the US Hiring Incentives to Restore Employment Act (HIRE), ...
ASIC acts on licensees failing to lodge annual statements
July 22nd, 2014
A proactive ASIC review of Australian financial services (AFS) licensees that failed to lodge audited annual statements has led to ASIC cancelling eight AFS licences. ASIC reviewed the conduct of 72 AFS licensees operating in the financial advice industry ...
Argentina asks U.S. judge to put debt payment order on hold
July 22nd, 2014
Argentina asked a U.S. judge on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country’s 2002 default, while it seeks a “global resolution.” Ahead of a ...
Policymakers warned of persistent risks as accountancy bodies publish five-year “healthy check” of the global economic recovery
July 21st, 2014
Threats to long term economic stability remain as countries recover from the global economic crisis, according to a five year review of finance professionals’ economic insights. Any recovery may also be limited to just a few “islands of financial ...
Apple should do more to tackle in-app purchases problem: EU
July 18th, 2014
Apple has provided no concrete and immediate solutions to tackle the problem of adults and children racking up credit card bills by making “in-app” purchases on tablets and mobile phones, the European Commission said on Friday. Following concerns raised ...
Accountants To See IRS In Court Over Tax Preparer Program
July 18th, 2014
The American Institute of Certified Public Accountants (AICPA) has filed a federal lawsuit calling for the voluntary tax return preparer regulatory program planned by the United States Internal Revenue Service (IRS) to be declared unlawful. AICPA President and CEO ...
Dell Sues ‘Demoted’ Asia Executive to Stop Him Joining HP
July 18th, 2014
Dell Inc., the second-largest computer-server maker, asked a Singapore court to bar its former Asia enterprise market vice president from joining Hewlett-Packard Co. (HPQ), the industry leader. Philip Anders Davis would be breaching agreements including not to solicit customers ...
Asian shares fall as Malaysia jet downing hits sentiment
July 18th, 2014
Asian shares sagged and a drop in Treasury yields pressured the dollar on Friday after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors scurrying into defensive assets. The United States believes a surface-to-air missile ...
Morningstar settles $61 million trade secret suit
July 18th, 2014
Morningstar, the Chicago investment research firm, settled a trade secret suit with Business Logic, a Chicago-based developer of financial software, for $61 million. Business Logic provided Ibbotson Associates with software for tracking and managing individuals’ 401(k) accounts in 2003. ...
Alibaba Plans IPO for After Labor Day
July 18th, 2014
Investors will have to wait a little longer for a chance to buy into the year’s most-anticipated initial public offering. Alibaba Group Holding Ltd. on Thursday decided to push back its IPO—which could raise more than $20 billion—until after ...