Search Results for: SEC
The Commission de Surveillance du Secteur Financier (CSSF) warns the public
July 21st, 2014
Today, the Commission de Surveillance du Secteur Financier (CSSF) issued a warning of the activities of the entities named Royal de Bank (website:www.royaldebank.com) and Futurmarket (website:www.futurmarket.com) which claim to be established at 29, rue des Bains, L-1212 Luxembourg. The CSSF informs the ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
July 18th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Goldenburg Group Limited” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the ...
European Stocks Drop for a Second Day on Ukraine Conflict
July 18th, 2014
European stocks fell for a second day, paring a weekly advance, amid concern that conflict between Ukraine and Russia is deepening. U.S. index futures were little changed, while Asian shares declined. Air France-KLM and Deutsche Lufthansa AG dropped at ...
Morningstar settles $61 million trade secret suit
July 18th, 2014
Morningstar, the Chicago investment research firm, settled a trade secret suit with Business Logic, a Chicago-based developer of financial software, for $61 million. Business Logic provided Ibbotson Associates with software for tracking and managing individuals’ 401(k) accounts in 2003. ...
Feds explore Chinese trade secrets case
July 18th, 2014
The value of the patented seed allegedly stolen from U.S. seed corn companies likely exceeds $500 million, federal prosecutors said Thursday. The new estimate surfaced in a custody hearing Thursday for Mo Yun, a Chinese woman charged as part ...
SEC targets 10 firms in high frequency trading probe – SEC document
July 18th, 2014
The U.S. Securities and Exchange Commission (SEC) has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters. The regulator told its ...
CySec warning against unauthorised internet domain
July 17th, 2014
The Cyprus Securities and Exchange Commission (CySec) warns the investors that the company ‘Forextradition Ltd’ (https://www.forextradition.com): 1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to Investment Services and Activities and Regulated Markets Law, as: ...
SEC Announces Charges in Scheme to Secretly Enable Lawbreakers to Run Microcap Company
July 17th, 2014
The Securities and Exchange Commission has announced fraud charges against four individuals and a microcap company for concealing from investors that two lawbreakers ran the company. According to the SEC’s orders instituting administrative proceedings, the mission of Natural Blue ...
BlackRock’s second-quarter profit rises 11 percent
July 16th, 2014
BlackRock Inc (BLK.N), the world’s largest money manager, reported an 11 percent jump in second-quarter profit on Wednesday, boosted by strong markets that helped drive flows into its products across asset classes. The New York-based asset manager reported net ...
China’s corruption purge nears tricky second phase
July 15th, 2014
China is entering the second stage of its colossal fight against graft. Nabbing high-profile culprits was a good start. Now, other miscreants have to believe the same could happen to them. Finally, the rewards for good behaviour must be ...
