Search Results for: ELA
U.S. financial regulator releases Primer on Virtual Currencies
October 18th, 2017
The Commodity Futures Trading Commission’s LabCFTC released, “A CFTC Primer on Virtual Currencies.” This primer is the first of a series that LabCFTC will release to provide fundamental, and essential, information about financial technology (FinTech) innovation. “LabCFTC believes that ...
Former top Executives of one of the world’s largest metals and mining corporations charged with fraud
October 18th, 2017
The Securities and Exchange Commission charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The SEC’s ...
CFTC announces Clearinghouse liquidity stress test results
October 18th, 2017
Staff of the U.S. Commodity Futures Trading Commission (CFTC) issued a report detailing the results of an evaluation of settlement liquidity at clearinghouses. The purpose of the analysis was to assess the impact of a hypothetical extreme but plausible market ...
Sanctions against senior auditor and EY
October 17th, 2017
Ernst & Young LLP (EY) and Julian Gray, Senior Statutory Auditor and Audit Engagement Partner, have been fined and reprimanded after admitting Misconduct in relation to the audit of the financial statements of Tech Data Limited (formerly known as ...
Wells Fargo Broker-Dealers to Pay $3.4 Million
October 17th, 2017
The Financial Industry Regulatory Authority (FINRA) announced that it has ordered Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC to pay more than $3.4 million in restitution to affected customers for unsuitable recommendations of volatility-linked ...
Tradefinancial transacting via ISXPay Australia
October 16th, 2017
Highlights: Australian CFD Trader, Tradefinancial, completes integration and is now transacting “live” with ISXPay® via Paydentity™ platform. ISXPay® providing payment processing, settlement and full payment facilitation services Tradefinancial will contribute revenue in the current quarter Australian Securities and Frankfurt ...
CySec issued a warning about trading on virtual currencies
October 16th, 2017
Following the Announcement (in Greek) issued by the Cyprus Securities and Exchange Commission (CySec) on 18 March 2014, regarding the risks associated when buying, holding, exchanging or trading on virtual currencies, CySec is warning again investors regarding this matter. Trading ...
Dollar advanced against its major G10 peers; Key events coming up this week
October 16th, 2017
Stocks in Asia advanced with bonds after inflation data in the U.S. added to evidence that global growth is continuing steadily with limited price pressures in the American economy. Equity indexes climbed from Tokyo to Sydney with a gauge ...
FCA UK bans and fines financial advisors
October 13th, 2017
The Financial Conduct Authority (FCA) has banned Mrs Colette Chiesa and Mr John Chiesa from working in financial services for integrity failings. Additionally, Mrs Chiesa has been fined £50,000 for attempting to mislead the FCA during an FCA interview. ...
Breaking: Russia officially decided to regulate bitcoin and other cryptocurrencies
October 12th, 2017
The Russian government has decided to officially regulate the mining and circulation of cryptocurrencies. The decision was made at a meeting between President Vladimir Putin with officials and business leaders. “We have agreed on the following: the state should ...
