Search Results for: SEC
CySec: acquisition of Administrative Services Providers (ASP) licence
July 31st, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that “Asoted Services Limited” has successfully obtained the CySec licence to operate as Administrative Services Provider (ASP). The company is now authorised to operate legally ...
U.S. economy advances in second quarter
July 30th, 2014
U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 ...
Prosecutors, defense spar over $150 billion forfeiture for Madoff aides
July 30th, 2014
Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial’s key question: What did they know, and when did they know ...
BP second-quarter profit increases 34 percent
July 29th, 2014
BP Plc reported a 34 percent rise in quarterly profit and said it would pay a dividend of 9.75 cents a share for the quarter ended June 30. Underlying replacement cost profit increased to $3.6 billion for the second ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
July 28th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “P.M. Investment Capital Limited ” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under ...
CySec: Withdraw of CIF authorisation
July 25th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement that following previous announcements dated 21 February 2014 and 31 March 2014, on a meeting held on July 7, 2014 has decided to ...
Hyundai Motor second-quarter profit slips as firmer won, U.S. discounts hurt
July 24th, 2014
South Korea’s Hyundai Motor said its net profit fell by the most in five quarters, as the local currency’s sharp gain and higher U.S. discounts to entice customers overshadowed solid April-June vehicle sales in China and at home. Hyundai ...
SEC set to end $1 a share for some money funds
July 23rd, 2014
Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors. The idea is ...
U.S. SEC poised to adopt reforms for money market funds
July 23rd, 2014
U.S. regulators are expected to adopt rules on Wednesday that force “prime” money market funds used by large institutions to float their share price. Proponents have suggested that moving from the current stable $1 per share net asset value ...
SEC Charges Investor Relations Executive With Insider Trading While Preparing Clients’ Press Releases
July 22nd, 2014
The Securities and Exchange Commission today charged a partner at a New York-based investor relations firm with insider trading on confidential information he learned about two clients while he helped prepare their press releases. The SEC alleges that Kevin ...
