Search Results for: MoU
Brazilian Police Launch Investigation Into Alleged Fraud at Pension Funds
September 6th, 2016
Brazilian police on Monday said they launched an investigation into alleged fraud of as much as 8 billion reais ($2.5 billion) at the country’s four largest pension funds, all of which are linked to state-controlled companies. Judge Vallisney de ...
Hanjin takes legal steps to prevent ship seizures as more vessels blocked
September 5th, 2016
South Korea’s Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized, as more of its ships were blocked from docking at ports in the wake of its collapse. As of Monday, 79 Hanjin ships ...
Moscow Exchange Trading Volumes in August increased by 14.3%
September 5th, 2016
Moscow Exchange (ticker: MOEX) announces trading volumes for August 2016. Total trading volumes increased by 14.3% YoY to RUB 72.0 trln. The Money Market and Bond Market posted the strongest growth, with volumes increasing 107.8% and 19.0% YoY, respectively. Equity ...
Robo-advice tools in the financial services industry still pose considerable legal risks
September 2nd, 2016
Speaking at The Adviser Network’s Digital Advice Conversations last week, Holley Nethercote partner Grant Holley explained that digital advice presents several legal challenges, particularly for services offering personal advice. For example, advisers are currently required to undertake a review ...
Ad-Blocking Browser Brave Launches Bitcoin Micropayments
September 2nd, 2016
Web browser developer Brave Software has a new weapon in its arsenal against third-party advertisements. While the Brave browser has been automatically blocking ads that target users based on their browsing habits since earlier this year, the beta version of Brave ...
The FCA UK fines and prohibits financial adviser
September 1st, 2016
The FCA fines and prohibits financial adviser for failing to act with integrity and for failing to be open and honest with the regulator The Financial Conduct Authority (FCA) has today banned Elizabeth Anne Parry from performing any function ...
ASIC cancels IMS FX Services license
September 1st, 2016
The Administrative Appeals Tribunal (AAT) has rejected an application from IMS FX Services Pty Ltd (IMS FX) that sought confidentiality orders and an interim order that prevented ASIC from amending the public Australian financial services (AFS) licence register to ...
SFC reprimands and fines BNP Paribas Wealth Management $4 million
August 31st, 2016
The Securities and Futures Commission (SFC) has reprimanded and fined BNP Paribas Wealth Management (BNPPWM) $4 million for overcharging its clients between 1 January 2011 and 31 December 2013 (Note 1). The SFC’s investigation found that at the material ...
Cryptocurrency exchanges under attack, risking repeat of Mt. Gox debacle
August 31st, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cybertheft — the second largest by an exchange since hackers took roughly ...
Authorities pledge support, to issue rules for fintech
August 31st, 2016
Financial regulators are readying rules that will target financial technology businesses without limiting their room for growth as President Joko “Jokowi” Widodo pledges support for the infant industry. “I urge all parties to participate in fintech, IT and financial ...
