Search Results for: Financial Conduct Authority
Lessons From Toshiba: When Corporate Scandals Implicate Internal Audit
July 28th, 2015
Last week’s high-profile resignations of CEO Hisao Tanaka and eight other Toshiba Corp. executives amid revelations of systemic and prolonged financial misstatements raise questions anew about Japan’s corporate governance culture. The venerable conglomerate, which makes everything from consumer electronics ...
FINRA Fines Goldman Sachs Execution & Clearing, L.P. $1.8 Million for OATS and Trade Reporting Failures
July 28th, 2015
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Goldman Sachs Execution & Clearing, L.P. $1.8 million for systemic Order Audit Trail System (OATS) reporting violations spanning a period of more than eight years, failure to ...
Stop Order issued from FMA agains an investment company
July 27th, 2015
The Financial Markets Authority (FMA) has issued a Stop Order against Green Gardens Finance Trust Limited (GGFT) and warns the public to be wary of doing business or depositing money with this company. The Stop Order is published here and prohibits ...
Barclays to pay $800,000 fine for U.S. data reporting errors
July 17th, 2015
Wall Street’s self-funded watchdog fined a unit of Barclays PLC (BARC.L) $800,000 (512,377 pounds) for violations related to how the bank reported stock trades over a more than two-year period, hampering the regulator’s ability to properly monitor the market. ...
CySec announces the suspension of the authorisation of CIF ‘Asset Management Advisory Services (AMASS) Ltd’
July 10th, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that: The authorisation of the Cyprus Investment Firm ‘Asset Management Advisory Services (AMASS) Ltd’, number 167/12, is suspended, pursuant to section 26(2) of the Investment Services ...
Fighting money laundering in the back office
July 7th, 2015
Back Office Workforce Optimisation solutions are key to solving regulatory issues within the financial services sector Organisations are on high alert for signs of money laundering. Alerts raised in the field or by detection systems need to be investigated ...
SEC Charges Oil Company and CEO in Scheme Targeting Chinese-Americans and EB-5 Investors
July 7th, 2015
The Securities and Exchange Commission today charged a Bay Area oil and gas company and its CEO with running a $68 million Ponzi-like scheme and affinity fraud that targeted the Chinese-American community in California and investors in Asia, including ...
FMA settlement with Hanover defendants provides $18 million compensation for investors
July 6th, 2015
The Financial Markets Authority (FMA) has reached a settlement of its civil proceedings against the former directors of Hanover Finance Ltd (HFL), Hanover Capital Ltd (HCL), United Finance Ltd (UFL), together known as the Hanover finance companies, and the ...
Greece Risk May Pose Black Swan Dangers for Emerging Markets
June 30th, 2015
Here we go again. A flight to haven assets has begun as Greece’s economy faces a tailspin, sparking concern defaults and bank collapses could spill over to other European nations, and impose a global impact. This time, though, Europe ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
