Search Results for: Fraud
FINRA warns that trading Binary Options can be extremely risky
October 27th, 2015
The Financial Industry Regulatory Authority (FINRA) issued a new Investor Alert, Binary Options: These All-Or-Nothing Options Are All-Too-Often Fraudulent. FINRA published the alert to warn investors that trading binary options can be extremely risky. Unlike other types of options ...
Amazon and New York Times battle publicly over story’s accuracy
October 21st, 2015
Two months after a damning New York Times story about Amazon’s corporate culture, the retailer has published a blistering response, accusing the paper of misrepresenting the company. The Times responded with a tough, unwavering defense of its story and ...
SEC announced settlement of charges with two UBS Advisory Firms
October 20th, 2015
Two UBS Advisory Firms Settle Charges Arising From Failure to Disclose Change in Investment Strategy Settlement Will Return More Than $13 Million to Harmed Investors The Securities and Exchange Commission announced that two UBS advisory firms have agreed to settle ...
India Targets Century-Old Bankruptcy Law to Revive Momentum
October 19th, 2015
Finance Ministry to receive recommendations on law this week To deepen corporate bond market and finance long-term infra Prime Minister Narendra Modi is poised to overhaul Indian bankruptcy laws that date back a century in a bid to get his ...
FCA bans former UBS senior trader from any regulated financial activity
October 19th, 2015
The Financial Conduct Authority (FCA) bans Kweku Mawuli Adoboli from the financial services industry FCA UK, the financial regulatory authority of UK, has issued a press release to inform that: Following convictions on 20 November 2012 of two counts ...
The Common Reporting Standard: Automatic Information Exchange Goes Global
October 16th, 2015
Automatic exchange of information for tax law enforcement purposes started first in Europe with the EU Savings Tax Directive, went international with the US Foreign Accounts Tax Compliance Act, and, from 2017, will go global with the recently-agreed Common ...
Ian Chuter joins Playtech
October 15th, 2015
Former William Hill, Betfair and Rank senior executive joins in gaming, sports betting and M&A strategic advisory role Ian Chuter, former group operations director at both William Hill and Betfair, has joined Playtech as a strategic advisor with a ...
Investor Seeks to Hold Ernst & Young Liable for Madoff Losses
October 15th, 2015
Court papers show FutureSelect invested about $200 million Ernst & Young failed to serve as a gatekeeper for a Washington investment firm that sank millions of dollars into Bernard Madoff’s investment firm and should be held liable for its losses, ...
UBS to Pay $19.5 Million Settlement Involving Notes Linked to Forex trading strategy
October 14th, 2015
Case Is Agency’s First Against an Issuer of Retail Structured Notes The Securities and Exchange Commission today announced that UBS AG has agreed to pay $19.5 million to settle charges that it made false or misleading statements and omissions ...
Biometrics payment startup Zwipe raises $5m to accelerate global growth
October 14th, 2015
Biometrics pioneer zwipe raises $5m from high-tech innovation group kuang-chi to accelerate global growth Zwipe, which launched the world’s first fingerprint authenticated payment card on 17 October last year, today announced that it has raised $5 million in equity ...
