Search Results for: financial markets
Emergency action filed against a Swiss-based company for microcap fraud scheme
October 9th, 2018
The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against two individuals and their companies in a scheme that generated more than $165 million of illegal sales of stock in at least 50 ...
Tesco Bank fined £16.4m
October 3rd, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has fined Tesco Personal Finance plc (Tesco Bank) £16,400,000 for failing to exercise due skill, care and diligence in protecting its ...
Australian dollar to U.S. dollar declined, Gold fell; Key events coming up this week
September 24th, 2018
Stocks in Hong Kong fell with U.S. equity futures and the Australian dollar after China called off planned trade talks with U.S. officials, potentially triggering an escalation in the protracted tariff war between the world’s two-biggest economies. While the ...
France introduces new ICO framework to become Europe’s ICO hub
September 20th, 2018
The French authorities have accepted the legal ICO framework drafted in early 2018. The framework is an important part of a push to turn the country into an ICO hub. Recently, Belgian think tank Bruegel released a report calling ...
AMF: Restriction measures on CFDs and binary options is to protect investors
September 12th, 2018
The French regulator Autorité des Marchés Financiers (AMF), that regulates participants and products in France’s financial markets, reminds investors that the restriction measures for the CFDs and binary options agreed by ESMA is to protect them. In accordance an announcement ...
Investment fraud led to the loss of more than £2.8m of investors’ money
September 10th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform about FCA’s second largest ever criminal prosecution and most complex fraud investigations. Operation Tidworth was ...
Administrators appointed for Premier FX Limited
September 6th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform investors and public that on 13 August 2018, on the application of the FCA, the ...
More Emerging Market Chaos – How Long Before It Spreads To The Developed World?
August 31st, 2018
Emerging market chaos is now front page news. Let’s start with Argentina, where the peso has resumed its plunge: In response: “Argentina Central Bank hikes interest rate to 60 percent (AP) — Argentina’s Central Bank has increased its ...
BNP Paribas ordered to pay $90 Million penalty; The reason?
August 31st, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against BNP Paribas Securities Corp. (BNP Paribas or the Bank) for attempted manipulation of the ISDAFIX benchmark and requiring BNP Paribas to pay a $90 million ...
Global economy is facing a ‘perfect storm’, warns BIS chief
August 29th, 2018
The problem with the current US policy of using tariffs to pursue trade and economic strategies is that they are such a crude tool to use within such a complex, sophisticated and global ecosystem. The Bank of International Settlements’ ...
