Search Results for: PRA
Toshiba says U.S. SEC completes accounting probe, no penalty
June 25th, 2018
Japan’s Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company. “We understand that all SEC investigations regarding our accounting have been completed,” a ...
Merrill Lynch will pay a $42 Million penalty to settle charges
June 20th, 2018
The Securities and Exchange Commission charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty. According to the SEC’s ...
Asian stocks fell, gold rose, Aussie dollar declined; Key events to watch for this week
June 19th, 2018
Asian stocks fell alongside U.S. equity futures and the yen spiked as the U.S. and China engaged in a new round of trade threats. Gold and Treasuries climbed. The steepest slides were seen in Hong Kong and China — ...
ESMA reports on penalties and supervisory measures under EMIR
June 15th, 2018
The European Securities and Markets Authority (ESMA) has issued its first annual report regarding supervisory measures carried out and penalties imposed by national competent authorities (NCAs) under the European Market Infrastructure Regulation (EMIR). The report focuses in particular on ...
US law firm joined forces with a legal services operator to create a market-disrupting legal platform
June 15th, 2018
A US law firm has joined forces with a legal services operator to create a market-disrupting legal platform, removing business operations from the law firm. US AmLaw 200 firm LeClairRyan has entered into a joint venture with UnitedLex to ...
PwC fined £10m over audit failures
June 14th, 2018
The Financial Reporting Council (FRC), the UK’s accounting industry regulator, has issued an announcement to inform that has sanctioned PriceWaterhouseCoopers (PwC) and audit partner Steve Denison. In accordance the announcement, the Financial Reporting Council has sanctioned PriceWaterhouseCoopers (PwC) and ...
Is the EU ready for a Common Consolidated Corporate Tax Base?
June 12th, 2018
In 2011, an ambitious Common Consolidated Corporate Tax Base (CCCTB) directive was proposed by the European Commission. It sought to harmonise the 28 different corporate tax codes of the Member States into one set of rules while retaining the ...
Hotmail founder: cryptocurrencies are fraudulent
June 11th, 2018
The founder of Hotmail, Sabeer Bhatia, has issued a stark warning for cryptocurrency investors. Speaking to Arabian Business, the 49-year-old from Chandigarh in north-west India, who founded and then sold dotcom success story Hotmail in the late 1990s, said ...
On 20 June is the biggest vote on potential change to copyright law in Europe
June 11th, 2018
On 20 June, Parliament’s legal affairs committee will vote on the biggest potential change to copyright law in Europe in the last 30 years. The European Commission made the initial proposal two years ago and at its heart were ...
Global stocks rally extends in Asia; The Euro and Japanese Yen rose
June 7th, 2018
A global stocks rally extended its run in Asia Thursday on confidence the global economic expansion remains intact and continuing momentum in U.S. technology shares. Treasuries held losses, with 10-year yields just under 3 percent. Equities gained from Tokyo ...
