Search Results for: EC
OpenDoor Becomes First Women-Owned Bond Trading Platform
July 14th, 2016
Following the closing of a $10 million investment round, OpenDoor Trading, LLC (“OpenDoor”) has become the first U.S. bond trading platform both majority-owned and majority-controlled by women. The funds will be used to support technology and business development of an innovative ‘all-to-all’ ...
Immigration lawyers comment about how Brexit affecting them
July 14th, 2016
Nearly three weeks on from the unexpected referendum result, the world is still fascinated by what a vote to leave the EU means for the big wide world of commercial law. The details of what a post-Brexit City of ...
TheCityUK announces new Chief Executive
July 14th, 2016
TheCityUK is delighted to announce the appointment of Miles Celic as its new Chief Executive. Miles will succeed Chris Cummings later this year – a date will be confirmed shortly. Miles joins the organisation at a critical juncture for ...
FCA has fined Towergate and former director for more £2m
July 13th, 2016
The Financial Conduct Authority (FCA) has today fined Towergate Underwriting Group Limited (Towergate) £2,632,000 for failings in relation to its protection of client and insurer money. Towergate, an insurance intermediary which holds both client and insurer money, accumulated a ...
Revolut breaks UK crowdfunding record with over £12 million pledged
July 13th, 2016
Money transfer fintech startup Revolut attracted over £10 million in pledges just ten hours into a seven-day crowdfunding round aimed at raising £1 million. By Tuesday evening, Revolut pledges had already hit £12.9 million from 6,627 people, all registered ...
SEC: Citigroup agreed to pay a $7 million penalty in relation with information of trades it executed
July 13th, 2016
The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay a $7 million penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete ...
Allied London announced plans for the “Vault”; a new enterprise space for FinTech Startups
July 12th, 2016
Allied London champions finance and technology as it unveils ‘The Vault’ XYZ, the landmark workspace building currently being developed by Allied London at Spinningfields, has announced plans for ‘The Vault’, a 20,000 sq ft floor-plate co-work hub. The Vault ...
SecondMarket, Inc. and Bitcoin Investment Trust (BIT) Settle Charges
July 12th, 2016
SecondMarket, Inc. and Bitcoin Investment Trust (BIT) Settle Charges Relating to Unlawful Redemptions of BIT Shares during a Continuous Distribution The Securities and Exchange Commission announced that SecondMarket, Inc., a New York broker-dealer registered with the Commission, and Bitcoin Investment Trust (BIT), a ...
European stocks are expected to open lower on Tuesday
July 12th, 2016
Europe poised for weaker open as rally loses steam European stocks are expected to open lower on Tuesday as market turn mixed in Asia and European markets lose momentum. The London FTSE index is expected to open 10 points ...
New Cyprus Investment Firm authorised by CySec
July 12th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “New Vault Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now authorised to operate legally ...
