Search Results for: sec
CySec suspends authorisation for providing Administrative Services
August 1st, 2016
The Cyprus Securities and Exchange Commission (CySec) announces that the authorisation for providing Administrative Services of «Mutual Trust Limited» (‘the Company’), with number 44/196, is suspended, pursuant to section 15(1)(b) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, ...
CySec announced that the license of a Cyprus Investment Firm continues to be suspended
August 1st, 2016
Following previous announcement dated 17 June 2016, the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the authorisation of the Cyprus Investment Firm AirFinance Pro Ltd (‘the Company’), with number 206/13, will continue as ...
SEC reports millions dollars investment fraud
August 1st, 2016
The Securities and Exchange Commission today announced an asset freeze it has obtained against three men who aren’t registered to sell investments and allegedly went on lavish shopping sprees with more than $5 million raised from investors to purportedly ...
MasterCard reports Second Quarter 2016 net revenue increase of 13%
July 29th, 2016
Second-quarter net income of $983 million, including a special item, or $0.89 per diluted share Second-quarter net income of $1.1 billion, excluding a special item, or $0.96 per diluted share Second-quarter net revenue increase of 13%, to $2.7 billion Second-quarter gross dollar volume up 11% and ...
Cyprus approves tax breaks to boost the start-up sector
July 28th, 2016
The government has approved a package of tax incentives to boost the start-up sector and innovation in Cyprus, undersecretary to the president Constantinos Petrides announced on Wednesday. The package includes an up to 50 per cent tax exemption on ...
SEC: State Street Misled Custody Clients About Prices for Foreign Currency Exchange Trades
July 27th, 2016
The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency ...
TSYS Reports Second Quarter Earnings Including TransFirst
July 27th, 2016
TSYS (NYSE: TSS) reported results for the second quarter of 2016. Highlights for the second quarter of 2016 include: Total revenues were $1.2 billion, an increase of 66.3% over last year’s $692.7 million. Net revenue, which excludes reimbursable items, ...
CySec announced that a Cyprus Investment Firm renounced its authorization
July 26th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 11th July 2016, the CIF U.P.M. Ltd, which provided investment services via the domain www.upmltd.eu, renounced its authorization pursuant to section 24(1)(b) of the ...
Cyprus based investment firms and CySec’s work highlighted on ESMA’s warning for speculative products
July 26th, 2016
The European Securities and Markets Authority (ESMA) has issued a warning about the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors who are unaware of the risks associated with these products, and ...
CySec approved a new firm as Administrative Services Provider
July 26th, 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: 1) ECDDP Cyprus Limited Kyvelis 7, Office ...
