Search Results for: SEC
SEC fined brokerage firm for violated anti-money laundering rules
February 5th, 2016
The Securities and Exchange Commission announced that a Miami-based brokerage firm agreed to pay a $1 million penalty to settle charges that it violated anti-money laundering rules by allowing foreign entities to buy and sell securities without verifying the identities ...
EY launches fintech secondment programme for startups
February 4th, 2016
EY and Innovate Finance – the world’s largest membership association for FinTech, today announced the launch of a FinTech secondment programme. As the only Big Four member of Innovate Finance, EY will second members of staff into Innovate Finance ...
SEC Charges Lending Company and Brokerage Firm With Fraud
February 4th, 2016
The Securities and Exchange Commission announced fraud charges against a Manhattan-based lending company and its owner accused of repeatedly lying to investors purchasing high-yield securities. The SEC also charged the brokerage firm that acted as the placement agent and two ...
CySec announced a new CIF license
January 28th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has announced that “AVUS CAPITAL CY LTD“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision of ...
CySec announced settlement with a Cyprus Investment Firm for €350.000
January 27th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a press release to inform that the Commission has reached a settlement with the CIF Banc De Binary Ltd (“BDB”) for the amount of €350.000. According to the CySec’s announcement ...
CySec announced administrative fine of €156.000 on a Cyprus Investment Firm
January 27th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a press release to inform that: The Board of the Cyprus Securities and Exchange Commission (the ‘CySEC’) wishes to inform investors that, at its meeting held on October 12, 2015, decided ...
Bank of Russia: On cancelling licences of professional securities market participant
January 27th, 2016
The Central Bank of Russia has issued an announcement to inform public and investors that: On 15 January 2016, the Bank of Russia took a decision to cancel licences of a professional securities market participant to carry out broker ...
CySec announced that a Cyprus Investment Firm renounced its CIF licence
January 21st, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 9th December 2015, the CIF SA&PM (Cyprus) Limited, which provided investment services via the domain www.sapm.com.cy, renounced its authorization pursuant to section 24(1)(b) of the Investment Services ...
SEC: Alternative Fund Manager Overcharged Fees, Misled Investors
January 20th, 2016
The Securities and Exchange Commission today announced that a Denver-based alternative fund manager has agreed to settle charges that the firm overcharged management fees and misled investors about how it valued certain assets. An SEC investigation found that Equinox ...
CySec announces acquisition of CIF licence for Investment Services
January 20th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has announced that “Daweda Exchange Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision of CySec ...
