Search Results for: MoU
Australian firm pays $20,400 penalty for making misleading representations
September 18th, 2014
The Australian regulator has charged Invast Financial Services Pty Ltd (Invast), an Australian financial services (AFS) licensee based in Sydney, with the amount of $20,400 in penalties after ASIC issued two infringement notices for alleged misleading representations. ASIC was alert ...
SEC fines trading firm for violating net capital rule for broker-dealers
September 18th, 2014
The U.S. Securities and Exchange Commission has charged a New York-based high frequency trading firm with violating the net capital rule that requires all broker-dealers to maintain minimum levels of net liquid assets or net capital. The firm’s former ...
ASIC and MAS sign a Memorandum of Understanding
September 17th, 2014
The Australian regulator, ASIC, and the Monetary Authority of Singapore (MAS) have sign a Memorandum of Understanding (MOU) to allow trade repositories licensed in one jurisdiction to provide relevant data to the authority in the other jurisdiction. Through this ...
European Parliament ratifies EU-Ukraine Association Agreement
September 17th, 2014
The European Parliament gave its consent to the EU-Ukraine Association agreement, which includes a Deep and Comprehensive Free Trade Agreement (DCFTA), on Tuesday in Strasbourg. “This is an historic moment”, said EP President Martin Schulz in his address to ...
Gold Settles Below $1240 with Eyes on Fed
September 17th, 2014
Gold inched up for a third straight session on Wednesday as speculation mounted that the Federal Reserve would vow to maintain interest rates at low levels when the U.S. central bank concludes its policy meet later in the day. ...
Australia 200 – Entrenched in Previous Trading Range Below 5500
September 17th, 2014
Australia 200 for Wednesday, September 17, 2014 For the last couple of weeks the Australia 200 Index has declined from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...
Oil Production 2014
September 17th, 2014
The world’s oil supply has shrunk considerably over the last few decades. Countries, mostly in the Middle East, with what seemed like a never-ending amount of oil, have begun limiting their exports. Some oil fields, such as the ones ...
FCA bans and fines financial adviser with £300,000
September 16th, 2014
The Financial Conduct Authority (FCA) has concluded to ban and fine financial adviser, Peter Carron, with the amount of £300,000 after clients lost out investing in companies he controlled. Between 2004 and 2010, Peter Carron, formerly a senior partner at St ...
Hong Kong extends Depositor Protection Scheme
September 16th, 2014
The Hong Kong Monetary Authority (HKMA) and Hong Kong’s Financial Services and the Treasury Bureau (FSTB) have issued a consultation paper on proposed enhancements to Hong Kong’s Deposit Protection Scheme (DPS). The DPS, originally established in 2006, enhancements to ...
Tesla wins court over direct sales in Massachusetts
September 16th, 2014
Massachusetts’ highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc (TSLA.O) from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships. The state’s Supreme Judicial Court ...
