Search Results for: Gain Capital
ASIC cancels the AFS license of Financial Services firms
March 25th, 2017
ASIC has cancelled the Australian financial services (AFS) licences of Rebate Financial Services Pty Ltd and Capstone Capital Pty Ltd for failing to comply with a number of their key obligations as financial services licensees. In particular, ASIC has ...
FSMA Belgium reports unauthorised Forex and Binary Options providers
March 24th, 2017
The Financial Services and Markets Authority (FSMA), a financial regulator of Belgium, has issued an announcement to warn investors and public against the activities of various providers of/intermediaries in binary options and Forex products, “recovery rooms” and “boiler rooms”, ...
The Russian “Laundromat” exposed; how the complex money laundering scheme worked
March 23rd, 2017
Three years after the “Laundromat” was exposed as a criminal financial vehicle to move vast sums of money out of Russia, journalists now know how the complex scheme worked – including who ended up with the $20.8 billion and ...
ASIC accepts enforceable undertaking from Barclays entities
March 23rd, 2017
Yesterday, ASIC accepted an enforceable undertaking (EU) from three Barclays foreign financial service providers (FFSPs): Barclays Capital Inc. (BCI) domiciled in the United States of America Barclays Capital Asia Limited (BCAL) domiciled in Hong Kong, and Barclays Capital Securities Limited ...
Can state spending ever be cut?
March 22nd, 2017
President Trump was elected on several promises, including one that he would fund tax cuts by cutting public spending. Cynics might note that his first action was to increase spending on the military by $54bn, the equivalent of six ...
Bats Europe launches two new Indices designed to measure impact of Brexit on UK companies
March 22nd, 2017
Bats Partners with FactSet to Provide Brexit 50/50 Indices Ahead of Triggering of Article 50 Bats Europe, a CBOE Holdings, Inc. company and the region’s largest equities exchange operator, today announced it has launched the Bats Brexit 50/50 Indices, ...
Deutsche Bank publishes Annual Report 2016
March 21st, 2017
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today published its 2016 Annual Report. This includes an overview of Deutsche Bank, the Management Report and the bank’s audited consolidated financial statements for the financial year 2016. In addition, the bank ...
UBS to face trial in France over tax fraud charges
March 21st, 2017
Swiss banking giant UBS will go on trial in France for establishing a wide-ranging tax fraud scheme worth billions of euros, according to legal sources. UBS will be charged with illegal banking practices and dissimulating tax fraud, the sources ...
Global Brokerage Inc. releases Q4 2016 results and informs on financing arrangements with Leucadia
March 21st, 2017
U.S. GAAP net revenues from continuing operations of $80.6 million U.S. GAAP net income attributable to Global Brokerage, Inc. from continuing operations of $10.7 million or $1.91 per diluted share, including a $6.4 million gain on derivative liability U.S. ...
Saxo Bank published full year results for 2016; Operating income increased
March 20th, 2017
Saxo Bank Group publishes its 2016 full year results. The operating income for the Group in 2016 was DKK 2.9 billion up from DKK 2.1 billion in 2015. Clients’ collateral deposits grew to new historic highs with an increase ...
