Search Results for: CIF
IBM hire advisers to deal with restless investors – sources
April 3rd, 2015
Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman’s Pershing Square and Jeffrey Ubben’s ValueAct, ...
ISDA Outlines Path Forward for Centralized Execution of Swaps
April 2nd, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) today published a set of principles aimed at promoting regulatory consistency in the development and application of centralized trading rules for derivatives. The execution of standardized derivatives on an exchange or ...
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 ...
Citigroup Report Chides Law Firms for Silence on Hackings
March 31st, 2015
Every month it seems another American company reports being a victim of a hacking that results in the theft of internal or customer information. But the legal profession almost never publicly discloses a breach. The unwillingness of most big ...
SEC Announces Fraud Charges Against Investment Adviser Accused of Concealing Poor Performance of Fund Assets From Investors
March 31st, 2015
The Securities and Exchange Commission today announced fraud charges against an investment adviser and her New York-based firms accused of hiding the poor performance of loan assets in three collateralized loan obligation (CLO) funds they manage. The SEC’s Enforcement ...
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 ...
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 ...
Yanis Varoufakis calls for end to ‘toxic blame game’
March 30th, 2015
Yanis Varoufakis has called for an end to the “toxic blame game” between Greece and Germany. The finance minister made the call as Greece prepares to finalise its list of economic reforms to present to its international creditors. The ...
Should Individual Tax Returns Be Public Information?
March 30th, 2015
My guess is that if you asked Americans if their income taxes should be public information, the answers would mostly run the spectrum from “absolutely not” to “hell, no.” But the idea that tax returns should be confidential and ...
Bank of England publishes details of 2015 stress test for largest UK banks and building societies
March 30th, 2015
Today, the Bank of England is publishing the scenario for the 2015 stress test, which will be applied to the largest UK banks and building societies. The scenario has been agreed by the Financial Policy Committee (FPC) and Prudential ...
