Search Results for: ELA
SFC reprimands and fines Merrill Lynch Far East Limited $2 million for regulatory breaches
April 2nd, 2015
The Securities and Futures Commission (SFC) has reprimanded and fined Merrill Lynch Far East Limited (Merrill Lynch Far East) $2 million for regulatory breaches and internal control failings relating to position limit failures (Note 1). The decision follows an SFC ...
EU Lays Groundwork for Antitrust Charges Against Google
April 2nd, 2015
Regulator seeks permission to publish complaints against Internet giant in long-running probe Europe’s competition regulator is preparing to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against the ...
Banks Are Poised to Profit From Forex Tumult
April 2nd, 2015
Swiss central bank’s surprise January move led to volatility that can help Wall Street The big currency swings of the past three months have whipsawed many investors. Wall Street may end up loving the action. As U.S. banks closed ...
Greece PM says sanctions against Russia ‘a road to nowhere’
March 31st, 2015
The Greek premier stressed that the economic war is a “dead-end policy” Greece does not back the West’s sanctions against Russia as this is a “road to nowhere,” the country’s Prime Minister Alexis Tsipras said in an exclusive interview ...
Hong Kong Rules Out Bitcoin Regulation
March 31st, 2015
As virtual currencies, such as Bitcoin, are not widely circulated in Hong Kong, the Government has said there is currently no need to introduce legislation to regulate virtual commodities trading. Responding to lawmakers’ questions in the Legislative Council, Secretary ...
UAE moving towards allowing 100% foreign ownership of businesses outside free zones
March 31st, 2015
Plans for a law to allow full foreign ownership of companies outside free zones in strategic sectors are at an advanced stage, the Minister of Economy said. At a the Annual Investment Meeting in Dubai on Monday, Sultan Al ...
FCA reports companies offering investment services without authorisation
March 31st, 2015
The supervisory authority of the United Kingdom (Financial Conduct Authority – FCA) reports companies that are offering investment services without the required authorisation: Whitfield International Consulting Group (www.whitfieldintlconsultinggroup.com), with declared headquarters in New York; Copper and Partners (www.copperandpartners.com), with declared headquarters ...
Deutsche Börse and China Construction Bank agree strategic partnership
March 31st, 2015
Deutsche Börse: Deutsche Börse Group and China Construction Bank (CCB) have entered into a strategic partnership and have signed an agreement. Deutsche Börse Group is a leading global provider of financial market infrastructure services and is based in the European ...
FINRA Sanctions Three Firms for Inadequate Supervision of Consolidated Reports
March 31st, 2015
The Financial Industry Regulatory Authority (FINRA) announced today that it has sanctioned three firms – H. Beck, Inc., LaSalle St. Securities, LLC, and J.P. Turner & Company, LLC – with fines of $425,000, $175,000 and $100,000, respectively, for inadequate ...
Oil extends losses as deadline for Iran nuclear deal looms
March 31st, 2015
Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. With a deadline less than 24 ...
