Search Results for: Vest Financial
Consumer groups accuse SEC of ignoring investors
March 13th, 2015
The Securities and Exchange Commission is not fulfilling its duty to protect retail investors, particularly in how it regulates financial advisers, a number of consumer groups asserted in a letter to the agency. The eight-page letter dated March 10 outlines several ...
SFO launches investigation into Bank of England liquidity auctions
March 5th, 2015
It is unclear whether the Bank’s employees are suspected of involvement in any attempt to rig the auctions, used as emergency lending during the credit crisis The Bank of England has, today, issued the following statement: “Following the ...
FMA welcomes opportunity to review financial advice laws
March 3rd, 2015
The Financial Markets Authority (FMA) welcomes today’s announcement by the Minister of Commerce and Consumer Affairs, Paul Goldsmith, about the review of legislation governing financial advisers. The Minister today released the terms of reference for the review of the ...
FMA warns public to be wary of misleading advertising promoting “risk-free, money-back investments”
February 27th, 2015
The Financial Markets Authority (FMA) is warning people to beware of a company offering a risk-free, high-return investment programme. The company trades as Eco Investments Group and the FMA warns anyone dealing with them to exercise extreme caution before obtaining any ...
FCA fines Aviva Investors £17.6m for systems and controls failings
February 25th, 2015
“The Financial Conduct Authority (FCA) has fined Aviva Investors Global Services Limited (Aviva Investors) £17,607,000 for systems and controls failings that meant it failed to manage conflicts of interest fairly. These weaknesses led to compensation of £132,000,000 being paid ...
Investors Still Don’t Think Greece Will Exit the Euro
February 20th, 2015
As Greece heads toward 11th-hour funding talks with its euro-area membership on the line, bondholders are surprisingly sanguine about its failure so far to secure a deal. Forget the strategists at Commerzbank AG who say there’s a 50 percent ...
Euro Area Investment Fund Statistics: December 2014
February 19th, 2015
19 February 2015 – Financial statements of the ECB for 2014 ECB’s net profit for 2014: €989 million (2013: €1,440 million) Net interest income from the Securities Markets Programme: €728 million (2013: €962 million) Interest income on banknotes: €126 ...
FCA to investigate competition in investment and corporate banking services following review of wholesale markets
February 19th, 2015
The Financial Conduct Authority (FCA) today announced plans to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly. This follows the publication of its review into competition ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
February 18th, 2015
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “EDR Financial Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the ...
Surrender of Licence by Swissquote Financial Services (Malta) Limited
February 10th, 2015
Malta Financial Services Authority issued a notice informing the general public that: Swissquote Financial Services (Malta) Limited (“the Company”) recently requested the Malta Financial Services Authority (“MFSA”) to accept the surrender of its Category 3 Investment Services Licence. The ...
