Search Results for: SEC
Moody’s: Cross-currency swaps mitigate effect of exchange controls on covered bonds and securitisations
January 19th, 2016
Moody’s Investors Service says cross-currency swaps that mitigate the effect of foreign exchange controls have enabled Moody’s to assign ratings above the applicable foreign currency bond ceilings to foreign-currency-denominated covered bonds and securitisation transactions. “To mitigate the transferability and ...
SEC Awards Whistleblower More Than $700,000 for Detailed Analysis
January 18th, 2016
The Securities and Exchange Commission announced a whistleblower award of more than $700,000 to a company outsider who conducted a detailed analysis that led to a successful SEC enforcement action. “The voluntary submission of high-quality analysis by industry experts ...
First-ever EU-wide cyber-security rules backed by Internal Market Committee
January 15th, 2016
Firms supplying essential services, e.g. for energy, transport, banking and health, or digital ones, such as search engines and cloud computing, will have to take action to improve their ability to withstand cyber-attacks under new rules approved by Internal ...
SEC Charges Goldman Sachs
January 15th, 2016
SEC Charges Goldman Sachs With Improper Securities Lending Practices The Securities and Exchange Commission announced that Goldman, Sachs & Co. has agreed to pay $15 million to settle charges that its securities lending practices violated federal regulations. According to the ...
SEC Charges 11 Bank Officers and Directors With Fraud
January 14th, 2016
The Securities and Exchange Commission today announced fraud charges against 11 former executives and board members at Superior Bank and its holding company involved in various schemes to conceal the extent of loan losses as the bank was faltering ...
IBM First in Patents for 23rd Consecutive Year
January 13th, 2016
Thousands of Cognitive Computing and Cloud Platform Patents Dominate List, Reflect Momentum Behind Company’s Growth Initiatives IBM (NYSE: IBM) today announced that it has once again topped the list of annual U.S. patent recipients, receiving 7,355 patents in 2015, marking ...
CySec imposed more than 2 million in Administrative Fines on Investment firms in 2015
January 8th, 2016
The Cyprus Securities and Exchange Commission (CySec) has imposed the total of €2,174 million of fines on Cyprus Investment Firms in 2015. In this amount is included a settlement made between CySec and a CIF. The biggest fines were ...
SEC: J.P. Morgan Misled Customers on Broker Compensation
January 7th, 2016
The Securities and Exchange Commission announced that J.P. Morgan’s brokerage business agreed to pay $4 million to settle charges that it falsely stated on its private banking website and in marketing materials that advisors are compensated “based on our clients’ ...
Tech trends 2016: Cybersecurity in the connected world
January 5th, 2016
This year, cybersecurity will be the main issue vexing global business, firms say, and it will become more critically important as the internet of things takes off and our world becomes ever more mobile and connected. Lawyers, accountants, digital ...
CySec announced a new CIF licence for an Investment firm
January 5th, 2016
Further to CySec’s announcement for new CIF License acquisition dated December 04, the Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, announces today that “Starfish Markets (Cy) Ltd“ has successfully obtained the CySec licence for ...
