Search Results for: SEC
The fintech sector in Asia Pacific is booming
May 5th, 2016
The fintech sector in Asia Pacific is booming, according to Accenture’s ‘Fintech and the evolving landscape’ report. The study found that fintech investment in the region more than quadrupled to US$4.3 billion in 2015, which accounts for 19 percent ...
SEC announced fraud charges against 10 individuals involved in schemes to trick investors
May 4th, 2016
The Securities and Exchange Commission today announced fraud charges against 10 individuals involved in schemes to trick investors into buying shares of a particular company stock. The schemes were allegedly fraught with cash bribes and other kickbacks to registered ...
FINRA fined MetLife Securities, Inc. $25 Million
May 4th, 2016
Largest FINRA Fine Relating to Variable Annuities The Financial Industry Regulatory Authority (FINRA) announced today that it has fined MetLife Securities, Inc. (MSI) $20 million and ordered it to pay $5 million to customers for making negligent material misrepresentations ...
Artificial Intelligence seen as opportunity and threat by financial services sector
April 26th, 2016
New global survey reveals tensions between optimism and unease Majority believe AI and other fintech will make financial markets more competitive by 2018 But more than three-quarters say regulators are unable to keep pace with changing technology Sixty percent ...
FSA Japan announced Administrative action against Credit Suisse Securities (Japan) Limited
April 26th, 2016
The Securities and Exchange Surveillance Commission (SESC) conducted an inspection on Credit Suisse Securities(Japan)Limited (hereinafter referred to as “the Company”), and found violations of the Financial Instruments and Exchange Act (hereinafter referred to as ”FIEA”). On April 15, 2016, ...
Second international law firm enters the Law market of Iran
April 25th, 2016
Colibri Law Firm has become one of the first international law firms to establish a dedicated office in Tehran after partnering with one of Iran’s leading local law firms, Gheidi & Associates. As Colibri partner Otabek Suleimanov explains, “We ...
SEC announced penalties on two Accounting fraud cases
April 20th, 2016
The Securities and Exchange Commission today announced a pair of financial fraud cases against companies and then-executives accused of various accounting failures that left investors without accurate depictions of company finances. In one case, technology manufacturer Logitech International agreed ...
A new firm obtained the CIF license from CySec
April 20th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “Itrade Global Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now authorised to operate legally ...
CySec wholly withdrawl the license of a Cyprus Investment Firm
April 19th, 2016
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement informing that: On its meeting of 28 March 2016, has decided, pursuant, of section 25(1)(b) and 26(4)(b), of the Investment Services and Activities ...
PricewaterhouseCoopers pays €37m to save Spanish employees from jail
April 14th, 2016
The accountancy firm PricewaterhouseCoopers has handed over €37m (£29m) to the Spanish government to save four of its former employees from serving lengthy jail terms for fraud. The four former senior executives, who include the firm’s ex-president Miguel Fernández de Pinedo, ...
