Search Results for: OCED
FINRA Sanctions 12 Firms a Total of $6.7 Million
October 21st, 2015
More than $4 Million in Restitution Ordered to Affected Customers The Financial Industry Regulatory Authority (FINRA) has issued an announcement to inform that: That it has ordered 12 firms to pay restitution totaling more than $4 million and fines ...
The Common Reporting Standard: Automatic Information Exchange Goes Global
October 16th, 2015
Automatic exchange of information for tax law enforcement purposes started first in Europe with the EU Savings Tax Directive, went international with the US Foreign Accounts Tax Compliance Act, and, from 2017, will go global with the recently-agreed Common ...
UBS to Pay $19.5 Million Settlement Involving Notes Linked to Forex trading strategy
October 14th, 2015
Case Is Agency’s First Against an Issuer of Retail Structured Notes The Securities and Exchange Commission today announced that UBS AG has agreed to pay $19.5 million to settle charges that it made false or misleading statements and omissions ...
FINRA Sanctions Santander Securities LLC $6.4 Million
October 14th, 2015
The Financial Industry Regulatory Authority (FINRA) announced today that it ordered Santander Securities LLC to pay approximately $4.3 million in restitution to certain customers who were solicited to purchase Puerto Rican Municipal Bonds (PRMBs). Additionally, the firm will pay ...
smartTrade Technologies announced that has successfully undergone a SOC 2 audit
October 14th, 2015
smartTrade Technologies, a global leader of multi-asset end-to-end trading solutions, announces today that the company has successfully undergone a Service Organization Control (SOC 2) audit examination. The engagement was performed by McGladrey LLP. McGladrey LLP, a leading U.S. provider ...
Key areas of risk in the 2015 audit cycle
October 13th, 2015
Professional skepticism and internal control over financial reporting are two key areas for auditors that have attracted the focus of regulators in recent years. These areas are among those addressed in one of two risk alerts published Monday by ...
SEC charged Trading Company With failing to maintain Policies to prevent misuse of Material Nonpublic Information
October 13th, 2015
The Securities and Exchange Commission today charged Wolverine Trading LLC and Wolverine Asset Management LLC with failing to maintain and enforce policies and procedures to prevent the misuse of material nonpublic information. The Chicago-based affiliates will pay more than ...
SEC: Blackstone to Pay Nearly $39 Million Settlement
October 8th, 2015
Blackstone Charged With Disclosure Failures Private Equity Advisers to Pay Nearly $39 Million Settlement The Securities and Exchange Commission announced that three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39 million to settle ...
FCA introduces new rules on whistleblowing
October 7th, 2015
The Financial Conduct Authority (FCA), alongside the Prudential Regulation Authority (PRA), has today published new rules in relation to whistleblowing. These changes follow recommendations in 2013 by the Parliamentary Commission on Banking Standards (PCBS) that banks put in place mechanisms to ...
TAX: OECD presents outputs of OECD/G20 BEPS Project for discussion at G20 meeting
October 5th, 2015
Reforms to the international tax system for curbing avoidance by multinational enterprises The OECD presented today the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules to be discussed by G20 Finance Ministers at ...
