Search Results for: Ether
Ernst & Young Role in Gowex Fraud Questioned
August 14th, 2014
Investors and the Madrid exchange are asking just who was verifying its financial statements, after the Wi-Fi hotspot provider, Let’s Gowex SA collapsed last month. Auditor Jose Diaz, of M&A Auditores, has been named as a suspect and jailed ...
Technical Analysis AUD/USD – Rallies Back Above Key 0.93 Level
August 14th, 2014
Technical Analysis AUD/USD for Thursday, August 14, 2014 The Australian dollar is trading in a very small trading range right on top of the key level at 0.9300 after pushing up well over the last day or so. In ...
China antitrust probes hit concerns over European firms
August 13th, 2014
The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms. An array of industries have been ...
Junk Bonds Gain Favor as European Banks Reduce Lending
August 13th, 2014
Bruce Mackenzie and Toby Ali were young bankers in the late 1990s, traversing Europe to pitch the merits of high-yield securities, otherwise known as junk bonds, to chief executives. The corporate chieftains mostly said no. Europe’s skepticism has since ...
Technical Analysis USD/CHF continues to struggle with 0.91
August 13th, 2014
Technical Analysis USD/CHF for August 13, 2014 Pair’s Outlook Yesterday’s attempt to break 0.91 did not turn out to be successful. Accordingly, USD/CHF keeps trading under the weekly R1 level. The pair nonetheless has the potential to rise and ...
Strategic Finance settlement proceeds to first distribution
August 12th, 2014
In June this year PwC Partners John Fisk and Colin McCloy, as Receivers of Strategic, together with the Financial Markets Authority, announced they had finalised a $22 million settlement agreement with the former directors and auditors of Strategic. On ...
SEC Charges Kansas for Understating Municipal Bond Exposure
August 12th, 2014
The Securities and Exchange Commission (SEC) announced securities fraud charges against the state of Kansas stemming from a nationwide review of bond offering documents to determine whether municipalities were properly disclosing material pension liabilities and other risks to investors. ...
IRS Tried, Failed to Repair Lois Lerner Hard Drive
August 12th, 2014
U.S. Internal Revenue Service told a judge its technicians made repeated futile efforts to save data on a malfunctioning computer hard drive used by Lois Lerner, the former official at the center of a dispute between Congress and the ...
FCA Thematic Review: Best Execution and Payment for Order Flow (‘PFOF’)
August 12th, 2014
Financial Conduct Authority (FCA) Thematic Review: Best Execution and Payment for Order Flow (‘PFOF’) FCA thematic review of best execution and Payment for Order Flow (‘PFOF’) found that many firms do not understand key elements of FCA requirements and ...
HKEx-Shanghai Stock Sale Curb Shows China’s Rules Apply
August 11th, 2014
Investors using the Hong Kong-Shanghai exchange link to access China’s $3.6 trillion stock market will have to play by mainland rules. Traders who want to sell Shanghai-listed shares must transfer the securities to a broker before 7:30 a.m. to ...
