Search Results for: assets
CySec decided to wholly withdraw the license of a Cyprus Investment Firm
March 15th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors and public that the Commission decided to wholly withdraw the CIF authorization with number CIF 085/07 of Atlas Capital Financial Services Ltd. CySec has suspended ...
Man behind GemCoin, a fake cryptocurrency, settles lawsuit for $71M
March 15th, 2017
Steve Chen is a Southern California entrepreneur who was accused by the Securities and Exchange Commission of creating a massive scheme involving GemCoin, a purported cryptocurrency that was “backed” by amber mines. He has just settled his lawsuit brought by the government. ...
Saxo Bank released key figures for Februray 2017
March 15th, 2017
Saxo Bank has published key figures for February 2017 related to its activity namely retail assets under management as well as daily average and monthly trading volumes. Saxo Group has taken the initiative to publicise on a monthly basis ...
Asian Stocks Follow U.S. Lower Amid Wild Oil Swing: Markets Wrap
March 15th, 2017
Stockpiles report reverses oil drop tied to Saudi output Equities from Singapore to Tokyo slip ahead of Fed decision Crude oil whipsawed on production and stockpiles reports, while most Asian markets followed U.S. equities lower and the dollar slipped ...
HKEX Sets Asian Record for L&I Product Listings on a Single Day
March 14th, 2017
The Hong Kong Exchanges and Clearing Limited (HKEX) has issued today a press release to announce that four providers of Leveraged and Inverse Products (L&I Products) listed a total of 16 products today on the Stock Exchange of Hong ...
SEC Charges Firms Involved in Layering, Manipulation Schemes
March 13th, 2017
The Securities and Exchange Commission today announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. ...
Asian Stocks Gain, Oil Slides Before Fed and BOJ: Markets Wrap
March 13th, 2017
U.S. jobs data set stage before central bank policy decisions Crude drops for sixth straight day amid jump in U.S. supplies Asian equities rose and the dollar weakened as a positive U.S. jobs report helped investors position for a ...
Compagnie Financiere Tradition reports increase in profit
March 10th, 2017
Adjusted* operating profit before net exceptional expenses up 7.2% to CHF 85.8m Net profit Group share of CHF 50.4m, up 24.2% Cash dividend up close to 30% to CHF 4.50 per share; exceptional distribution of treasury shares (1:25) Stabilised ...
Tax Coalition formed to help developed effective tax policies for the virtual currency markets
March 10th, 2017
The Chamber of Digital Commerce and Steptoe & Johnson LLP today announce the formation of the Digital Assets Tax Policy Coalition, a Washington, DC-based coalition created to help develop effective and efficient tax policies for the growing virtual currency ...
Gain Capital reports strong fourth quarter performance; Q4 and 2016 Results
March 10th, 2017
Highlights Quarterly GAAP net income of $20.8 million increased 91% year-over-year, while full year 2016 GAAP net income of $35.3 million increased 243% Achieved approximately $100 million in adjusted EBITDA(1) for the full year, driven by a strong fourth ...
