Search Results for: ICE
Revealed: the banks using ‘pseudo’ solicitor firms to make debtors pay up
July 4th, 2014
Britain’s high-street banks are routinely issuing legal demands from what appear to be independent firms of solicitors designed to make struggling borrowers pay up. Yet the firms are not regulated by the legal profession’s watchdog, and are simply names ...
SRA approves PII reform
July 4th, 2014
The Solicitors Regulation Authority is forging ahead with its plans to cut the minimum compulsory cover for professional indemnity insurance (PII) from £2m to £500,000, despite strong opposition from the Law Society and criticism from the Legal Services Consumer ...
Piketty with Chinese Characteristics
July 4th, 2014
In his bestselling book Capital in the Twenty-First Century, Thomas Piketty argues that capitalism aggravates inequality through several mechanisms, all of which are based on the notion that r (the return on capital) falls less quickly than g (growth ...
Kesgrave: Accountant sentenced over £24,000 fraud has paid back nearly £5,000 in compensation
July 4th, 2014
A partner at an accountancy firm with branches in Suffolk and Norfolk who admitted fraud involving £24,000 has repaid the outstanding balance from his offending, a court has heard. Adam Clarke, who worked in the business recovery department of ...
Barclays chairman warns on FX regulation
July 4th, 2014
The foreign exchange market needs “fine tuning” rather than heavy handed reform, the chairman of Barclays argued on Thursday, as he unveiled a new compliance academy aimed at raising standards within the bank. Sir David Walker said that while ...
Consequences for failing to comply with financial statement filing obligations
July 3rd, 2014
The Financial Markets Authority (FMA) has filed charges against the directors of eight companies that raise funds from the public, for breaches of the Financial Reporting Act (FRA). “Filing financial statements on time is a basic requirement for companies ...
Investment in London Capital Group approved by shareholders
July 3rd, 2014
The Board of London Capital Group has announced that, at a General Meeting of shareholders held on 3rd July, the proposed investment in the Company by GLIO Holdings Ltd and possibly existing shareholder(s) of up to £17.5 million ...
SEC charges five traders for short selling violations
July 3rd, 2014
The Securities and Exchange Commission (SEC) has charged five traders for committing short selling violations while trading for themselves and Worldwide Capital Inc., a Long Island, N.Y.-based proprietary firm that earlier this year paid the largest-ever monetary sanction for ...
FCA warning against unauthorised firm
July 3rd, 2014
The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning informing the investors that “Cash Saga” (cashsaga.podbean.com) is not permitted to provide any financial services or products. FCA points out that this firm is neither regulated nor ...
CySec imposes administrative fine of €5.000
July 3rd, 2014
The Cyprus Securities and Exchange Commission informs the investors that, at its meeting held on 02.06.2014 , decided to impose the administrative fine of €5.000 in total against “Deloitte Investment Services Ltd” for breaching the Prevention and Suppression of ...
