Search Results for: EC
Despite Exposure of Madoff Fraud, New Ponzi Schemes Emerge
July 11th, 2014
When the money was rolling in from investors, Scott W. Rothstein, a lawyer in Fort Lauderdale, Fla., bought his wife, Kimberly, more than $1 million in jewelry, including an opulent 12-carat yellow diamond ring. He lived in a multimillion-dollar ...
Boehner Says Obama Lawsuit Will Focus on Health Law
July 11th, 2014
Speaker John A. Boehner’s lawsuit against President Obama will focus on changes to the health care law that Mr. Boehner says should have been left to Congress, according to a statement issued Thursday by the speaker’s office. By narrowly ...
Stock futures fall sharply on Portuguese, Italian woes
July 10th, 2014
U.S. stock index futures fell sharply on Thursday as European shares tumbled on growth concerns after weak data out of Italy and concern over the health of Portugal’s top listed bank. With U.S. stocks trading near record highs, the ...
HMRC justifies new powers to take money from your bank account
July 10th, 2014
HMRC is seeking new powers to trawl through debtors’ financial accounts and take money directly if significant debts of over £1,000 are owed. This power has been dubbed ‘Direct Recovery of Debts’. The HMRC Business Plan 2014-16 states that ...
State Street Agrees to Settle Forex Fee Suit for $60 Mln
July 10th, 2014
State Street Corp. (STT) agreed to pay $60 million to settle investor claims it inflated revenue by overcharging clients for foreign-exchange services, in a pact that resolves almost four years of litigation. The preliminary accord filed in Boston federal ...
ASIC permanently bans Victorian finance broker
July 10th, 2014
Australian Securities and Investments Commission (ASIC) has permanently banned Mr Rudy Noel Frugtniet, a former Victorian finance broker, from engaging in credit activities after it was found he provided misleading information and a lack of full disclosure on a ...
Leverate Partners with Acquisition Campaign Leader HasOffers
July 10th, 2014
Leverate, the Forex brokerage technology solutions, has announced that it has entered into a partnership with HasOffers (www.hasoffers.com),the leader in online attribution analytics and creator of mobile measurement provider MobileAppTracking (www.mobileapptracking.com). Through the partnership, Leverate brokers will gain exposure ...
Improvements to EU Merger Control Rules in the Offing?
July 10th, 2014
The European Commission has launched a public consultation on proposals to improve merger control at EU level outlined in a White Paper. The reform of the Merger Regulation in 2004 has made the EU’s merger control regime more efficient ...
European Stocks Drop for Fifth Day; Fugro Tumbles
July 10th, 2014
European stocks fell for a fifth day, as Chinese exports (CNFREXPY) missed estimates and some Federal Reserve officials expressed concern over complacency about risks in the economy. U.S. index futures and Asian shares also slid. Fugro NV sank the ...
ESMA publishes accounting enforcement guidelines
July 10th, 2014
The European Securities and Markets Authority (ESMA) has published its final Guidelines on the enforcement of financial information published by listed entities in the European Union (EU). The aim of the guidelines is to strengthen and promote greater supervisory ...
