Search Results for: sec
CySec issued a Circular for CIFs regarding a new Belgian Regulation for OTC derivatives
August 17th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to draw the attention of the Cyprus Investment Firms (CIFs) to the enacting of new Belgian Regulation for the distribution of OTC derivatives (binary options, CFDs) to retail clients in ...
CySec approved a new Administrative Services Provider firm
August 17th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that a firm has been approved as Administrative Services Provider (ASP). According the announcement, the below firm have been approved: Apollo (Cyprus) Ltd 10 Kyriakou Matsi ...
UK: one of the biggest legal shakeup to the insurance sector comes into force
August 12th, 2016
One of the biggest shakeups to the insurance sector in recent memory comes into force tomorrow. The Insurance Act 2015 was granted Royal Assent 18 months ago. However, the bulk of its provisions, including creating a new duty for ...
CySec informs that Cyprus Investment Firm renounced its authorisation
August 12th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that, on 24 June 2016, the CIF Xenon Capital Partners Ltd (the ‘Company’), which provided investment services via the domain www.xenoncp.com.cy, renounced its authorization pursuant to section 24(1)(b) ...
SEC announced fraud charges against Investment Adviser for stealing money from investors
August 12th, 2016
The Securities and Exchange Commission today announced fraud charges against a San Francisco man and his investment advisory firm accused of pretending to manage millions of dollars in assets and then stealing money from the first client who invested ...
Online lender secures record-breaking $52.5 million FinTech funding
August 11th, 2016
Finova Financial’s industry-first, cloud and mobile-based consumer auto title lending platform has raised $52.5 million in a combination of equity and a credit facility, one of the largest initial rounds in FinTech industry history, Finova announced today. The funding round ...
SEC Charges Former Professional Football Player With Running $10 Million Fraud
August 11th, 2016
The Securities and Exchange Commission today charged Merrill Robertson Jr., a former player for the Philadelphia Eagles, with defrauding investors, including coaches he knew from his time playing football for the Fork Union Military Academy and the University of ...
CySec imposed administrative fine on a Cyprus Investment Firm
August 10th, 2016
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform the public that, at the meeting held on 25 July 2016, it decided to impose a total administrative fine of €2.000 to the Cyprus Investment ...
CySec: Administrative Services Provider waived its authorization
August 10th, 2016
The Cyprus Securities and Exchange Commission (CySec) announces that, on 15th of March 2016, the Company Providing Administrative Services Navicorp Trust (Cyprus) Limited (the ‘Company’), waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related ...
CySec informs for the continuance of suspension of Administrative Service Provider license
August 10th, 2016
Following a previous announcement dated 01.08.2016, the Cyprus Securities and Exchange Commission (the CySec), following a decision at the meeting dated 8th August 2016, announces that the authorization of the Administrative Service Provider “Mutual Trust Limited” with number 44/196 (the “Company”), ...
