Search Results for: EU Court
CFTC charges IB Capital FX and agents for Forex Trading case
November 17th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement Complaint charging Defendants IB Capital FX, LLC (a/k/a IB Capital FX LLP) d/b/a IB Capital (IB Capital), Michel Geurkink, and Emad Echadi, individually and as the agents of IB Capital, with soliciting and accepting ...
Dentons and 大成 formalize combination
November 11th, 2015
Dentons and 大成 today formalized their combination. The launch follows the previously-announced timeline set in January 2015, after a vote by partners of both firms endorsing the combination, with both firms indicating that an effective date would be set ...
HMRC imposes 45% corporation tax without warning
November 9th, 2015
The government have imposed a 45% corporation tax on restitution interest from 21 October without any warning or consultation. Corporations will be charged at the special rate of 45% instead of the normal 20% rate of corporation tax on restitution interest. Businesses ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Former Rabobank traders convicted in U.S. over Libor rigging
November 9th, 2015
A federal jury found two former traders at Rabobank guilty of fraud on Thursday in the first U.S. trial arising from a global investigation into manipulation of Libor, the leading benchmark for pricing financial transactions around the world. ...
SEC warns for fraudsters who may attempt to manipulate share prices by using social media
November 6th, 2015
The U.S. Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (“OIEA”) is issuing this Investor Alert to warn investors about fraudsters who may attempt to manipulate share prices by using social media to spread false or ...
Bitcoin to be 6th largest reserve currency by 2030: Research
November 5th, 2015
Bitcoin industry insiders have issued an optimistic prediction for the cryptocurrency over the next few decades, suggesting it could be as widely used as the Swiss franc or the Australian dollar. U.K.-based Magister Advisors, which advises the technology industry ...
Commodities Trader Found Guilty in ‘Spoofing’ Case
November 4th, 2015
Michael Coscia faces up to 25 years in prison with sentencing scheduled for March A Chicago jury found a New Jersey-based commodities trader guilty of 12 counts of fraud and manipulating the futures market on Tuesday in a major ...
Venture Fund Sues PwC for Alleged Audit Deficiencies
November 4th, 2015
Burrill Life Sciences Capital Fund sued Burrill & Co.’s founder in July A venture fund launched by Burrill & Co. is suing PricewaterhouseCoopers LLP for allegedly failing to flag unauthorized transfers that it claims led to millions in investor ...
BaFin and the SEC: An international comparison of supervisory practice
November 3rd, 2015
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is often compared to the U.S. Securities and Exchange Commission (SEC) in the media and by the public. The SEC is frequently perceived as the more powerful authority, in ...
