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SEC Charges Investment Adviser With Stealing Investor Funds
February 3rd, 2017
The Securities and Exchange Commission today charged a Connecticut-based investment advisory business and its owner with stealing money from investors to settle a private lawsuit among other misuses. The SEC alleges that Sentinel Growth Fund Management and its founder ...
TD Ameritrade Institutional Gives “Analog” Advisors New Tools to Compete in a Digital Age
February 3rd, 2017
In an era of accelerating technology change, independent registered investment advisors (RIAs) can still compete — and thrive — if they have the right tools, elevate their client-facing technology and work with partners and collaborators committed to their long-term ...
Fresh legal challenge over Brexit goes to the High Court
February 3rd, 2017
It is being brought by a group of campaigners who want a “soft Brexit” and to keep Britain in the European single market. They include Peter Wilding, chairman of the pro-Europe pressure group British Influence, who is credited with ...
Moscow Exchange reports increase by 4% in January 2017 Trading Volumes
February 3rd, 2017
In January 2017, total trading volumes increased by 4.0% YoY to RUB 63.3 trln. Trading in bonds rose by 91.1% YoY, equities volumes increased by 9.0% YoY and volumes on the Money Market grew by 42.2% YoY. Open interest in ...
Virtual reality lawsuit costs Facebook $500m
February 2nd, 2017
Facebook-owned virtual reality company Oculus has been ordered to pay out half a billion dollars to rival games company ZeniMax. The lawsuit between Oculus and ZeniMax centred on allegations that Oculus chief executive officer Palmer Luckey had violated a ...
The honeymoon is over: Wall Street is finally taking Trump literally
February 2nd, 2017
By itself, the 230-point drop in the Dow Jones Industrial Average DJIA, -0.16% this week wasn’t earth shattering: 1% gains and losses happen all the time. But the clattering sound accompanying it wasn’t hard to diagnose: It was the ...
European Central Banks reports on Euro banknote counterfeiting
February 2nd, 2017
353,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2016 Around 80% of the counterfeits were €20 and €50 banknotes All euro banknotes can be verified using the “feel, look and tilt” method Euro banknotes ...
Pound to Euro Exchange Rate: February Should be an Up-Month
February 2nd, 2017
Pound Sterling trades back above 1.17 against the Euro ahead of the all-important Bank of England event due at mid-day on Thursday, January 2. We saw GBP/EUR jump notably on the first day of what we believe could well ...
Leading law firms announced tie-up and launched globally
February 2nd, 2017
Eversheds Sutherland, created by the combination of leading law firms, Eversheds, headquartered in the UK, and Sutherland Asbill & Brennan LLP, based in the US, launches globally today under the name Eversheds Sutherland. With more than 2,300 lawyers in ...
Is Trump’s immigration order legal?
February 2nd, 2017
Senate Majority Leader Mitch McConnell may have offered the most prescient reaction to President Donald Trump’s executive order suspending refugee resettlement and blocking individuals from seven majority-Muslim nations from entering the United States. “It’s going to be decided in ...
