Search Results for: Jersey
Forget Interest Rates, the Fed Has Another Big Decision to Make in the Next Year
April 8th, 2015
In case exiting years of zero interest rates won’t be hard enough, Federal Reserve officials have another challenge approaching quickly: when to begin unwinding trillions of dollars of bond purchases that constitute the world’s largest fixed-income portfolio. Less than ...
Former ConvergEx trader admits books and records falsification
April 7th, 2015
Former Convergex Global Markets trader, Michael Craig Marshall, pleads guilty for scheme to falsify books and records A former trader at ConvergEx Global Markets has pleaded guilty in federal court in New Jersey for his role in a scheme ...
Russian tax law change offers opportunities
April 7th, 2015
Significant changes to Russia’s tax code could lead to an increased use of corporate and trust entities based in the Channel Islands in the structuring of Russian corporate and private wealth arrangements. The changes, dubbed the ‘de-offshorisation law’, are ...
SEC Charges Nearly Two Dozen Unregistered Broker-Dealers
March 27th, 2015
The Securities and Exchange Commission today charged nearly two dozen companies and individuals who regularly bought and sold securities on behalf of a suburban Chicago-based trading firm without registering with the SEC as a broker-dealer as required under the ...
HSBC files: Swiss bank hid money for suspected criminals
February 13th, 2015
HSBC’s Swiss bank concealed large sums of money for people facing allegations of serious wrongdoing, including drug-running, corruption and money laundering, leaked files reveal. Despite being legally obliged since 1998 to make special checks on high-risk customers, the bank ...
HSBC files reveal how UK’s non-dom tax concession is being exploited
February 12th, 2015
The leaked HSBC Swiss files reveal how widely Britain’s unique “non-dom” tax concession is being exploited. The government says the controversial tax status is supposed to be to the nation’s benefit, by encouraging wealthy foreign investors to spend time in Britain. ...
KCG announces Consolidated Earnings
February 2nd, 2015
KCG One of the World’s Largest Independent Market Makers issued a press release for: Consolidated Earnings of $0.23 Per Diluted Share for the Fourth Quarter of 2014 Pre-tax income from continuing operations of $26.5 million includes a net charge ...
CME Group and GFI Group Terminate Merger Agreement
February 2nd, 2015
CME Group Inc. and GFI Group Inc. announced that they have each determined to terminate their previously announced merger agreement following today’s special meeting of GFI shareholders. Preliminary results from the GFI shareholder meeting held earlier today in New ...
Swiss Franc’s Leap Lifts Some FX Brokers
January 26th, 2015
Even as some foreign-exchange brokers that focus on serving retail customers were getting hammered by the surprise surge in the Swiss franc earlier this month, other firms that deal mostly with big banks, hedge funds and other large clients ...
SEC eyes transfer agents in new front against U.S. stock fraudsters
January 12th, 2015
In their battle to root out microcap stock fraudsters, U.S. securities regulators are turning their attention to the obscure world of transfer agents, who are sometimes in a position to prevent scams, or help to enable them. Transfer agents ...
