Search Results for: Financial Conduct Authority
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
Commonwealth report calls for clearer legislation for virtual currencies
February 5th, 2016
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...
SEC fined brokerage firm for violated anti-money laundering rules
February 5th, 2016
The Securities and Exchange Commission announced that a Miami-based brokerage firm agreed to pay a $1 million penalty to settle charges that it violated anti-money laundering rules by allowing foreign entities to buy and sell securities without verifying the identities ...
More foreign institutions allowed on China’s forex market
January 13th, 2016
China’s central bank allowed more overseas central banks and similar institutions to enter the country’s inter-bank foreign exchange market on Tuesday. Seven such institutions completed registration with the China Foreign Exchange Trading System, which signaled their official access to ...
Cypriot police quiz HSBC officials
January 12th, 2016
A police official says state prosecutors seeking to bring controversial banker Andreas Vgenopoulos to Cyprus to answer criminal charges are now chewing over their next move after questioning several officials of HSBC in London. CID investigators had flown to ...
Traders in China and Hong Kong Paying $920,000 to Settle Insider Trading Case
December 29th, 2015
The Securities and Exchange Commission today announced that two traders in China and Hong Kong have agreed to pay more than $920,000 to settle an insider trading case against them. Cousins and business associates Zhichen Zhou and Yannan Liu, ...
Foreign exchange manipulation: FINMA issues six industry bans
December 17th, 2015
The Swiss Financial Market Supervisory Authority FINMA has issued industry bans of between one and five years against six managers and traders formally employed in the UBS foreign exchange and precious metals business. FINMA concluded that the individuals in ...
FINMA Switzerland warns for unauthorised Forex Broker
December 16th, 2015
FINMA, the Swiss Supervisory authority, has issued a warning to inform investors for companies suspected of conducting unauthorised activities in the financial market. FINMA added on December 15 the below company in its Negative list: 1) Unit FX Address: Route de Pré-Bois 29 ...
SEC Files Charges in Multi-Million Dollar Market Manipulation
December 16th, 2015
The Securities and Exchange Commission today charged a New Jersey man and his company with illicitly pocketing $13 million from an elaborate pump-and-dump scheme. The SEC alleges that Samuel DelPresto teamed up with others to secretly obtain control of ...
UBS Traders May Be First to Face Sanctions in Forex Probes
December 2nd, 2015
Swiss regulator may issue penalties by the end of the year Finma probed 11 currency, metals traders amid global scandal As many as seven UBS Group AG traders may face sanctions from Switzerland’s financial watchdog in the coming weeks, ...
