Search Results for: Fraud
Bitnet and PAY.ON Enter Strategic Partnership to Enable PSPs Globally
August 19th, 2015
Bitnet and PAY.ON Enter Strategic Partnership to Enable PSPs Globally to Offer Simplified Bitcoin Acceptance Bitnet, an enterprise bitcoin payments processor, and PAY.ON, a leading provider of white label global payment gateway solutions, today announced a strategic partnership that ...
GBG announces deal with Playtech to embed ID intelligence solutions across full gaming platform
August 18th, 2015
GBG has signed a deal with Playtech, the world’s leading Omni-Channel gaming and financial trading software, services and content supplier, to offer a number of its licensees instant, global ID verification through its cutting-edge IMS platform. The deal will ...
Tax Administration new report compares performance, best practices and trends in 56 tax administrations
August 17th, 2015
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance. Improving taxpayer services, while making non-compliance harder, is helping revenue bodies increase their efficiency and allowing governments to ...
British Trader Charged in ‘Flash Crash’ Released After Bail Reduction
August 17th, 2015
Navinder Singh Sarao, the British futures trader charged by United States authorities with contributing to a sudden plunge in American stock markets five years ago, was assigned a reduced bail at a court hearing on Friday, allowing him to ...
Edward Jones to Pay $20 Million for Overcharging Retail Customers in Municipal Bond Underwritings
August 14th, 2015
The Securities and Exchange Commission today announced that St. Louis-based brokerage firm Edward Jones and the former head of its municipal underwriting desk have agreed to settle charges that they overcharged customers in new municipal bonds sales. It’s the ...
Goldman Sachs Pays $272M to Settle Suit Over Mortgage-Backed Securities
August 14th, 2015
Goldman Sachs Group Inc. will pay $272 million to settle a lawsuit that claimed the Wall Street bank defrauded investors about the safety of about $6 billion of residential mortgage-backed securities they bought in 2007 and 2008. The settlement ...
FCA bans and fines former director of advisory firm TailorMade Independent Ltd
August 13th, 2015
FCA UK has issued a press release to inform on its decision to ban and fine Robert Shaw, of TailorMade Independent Ltd, for SIPP advisory failings. Robert Shaw, former director of advisory firm TailorMade Independent Ltd (TMI), has been banned ...
SEC release no. 2015-163- Exante’s Official Response
August 13th, 2015
EXANTE would like to address the above press release by the US Securities and Exchange Commission (SEC) and the sensational and inaccurate headlines that followed in the local media. EXANTE holds a license with no. IS/52182 with the Malta ...
SEC Charges ITG With Operating Secret Trading Desk and Misusing Dark Pool Subscriber Trading Information
August 13th, 2015
The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle charges that they operated a secret trading desk and misused the confidential trading information of dark ...
The Aftermath of LIBOR and Penny-Shaving Attacks
August 12th, 2015
Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as a ringleader of the scandal. Darrell Duffie and Jeremy C. ...
