Search Results for: SEC
HSBC files: bank chief Stuart Gulliver holds secret Swiss account
February 23rd, 2015
CEO drawn into tax scandal as calls grow to prosecute HSBC for ‘cheating’ the British tax system HSBC’s chief executive Stuart Gulliver sheltered millions of pounds in bonuses in a Swiss bank account, leaked documents have revealed. The 55-year old ...
SEC Charges New York-Based Brokerage Firm and CEO With Committing Fraud During CDO Liquidation Auctions
February 20th, 2015
The Securities and Exchange Commission today charged a New York City-based brokerage firm and its CEO with fraudulently deceiving other market participants while conducting auctions to liquidate collateralized debt obligations (CDOs). An SEC investigation found that VCAP Securities and ...
CySec: Withdraw of CIF authorisation
February 19th, 2015
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement informing that: On its meeting of 2 February 2015, has decided, pursuant, of section 25(1)(c) of the Investment Services and Activities and Regulated Markets ...
CySec announces the suspension of the authorisation of CIF ‘Pulp International Business Ltd’
February 19th, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that: The authorisation of the Cyprus Investment Firm ‘Pulp International Business Ltd’, number 095/08, is suspended, pursuant to section 26(2) of the Investment Services and ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
February 18th, 2015
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “EDR Financial Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the ...
Local investors regain largest share of HKEx’s securities market trading
February 17th, 2015
Local investors have regained the largest share of securities market trading at Hong Kong Exchanges and Clearing Limited (HKEx), according to the findings from HKEx’s Cash Market Transaction Survey 2013/14. The survey found local investors contributed 45 per cent ...
SEC Announces Charges Against Atlanta Man Accused of Insider Trading in Advance of Tender Offer
February 12th, 2015
The Securities and Exchange Commission today announced charges against an Atlanta resident accused of insider trading in the stock of a technology company by exploiting nonpublic information he learned from the friend of a company executive. The SEC’s Enforcement ...
SEC Charges Former Brokerage CEO for His Role in Fraudulent Scheme
February 11th, 2015
The Securities and Exchange Commission today announced that the former CEO of a global investment services firm’s brokerage subsidiary agreed to pay more than $783,000 and admit wrongdoing to settle a case involving employees under his control misleading customers. ...
Why now is the time for London to be proud of its world-leading legal sector
February 10th, 2015
The foundations of any transaction in a market economy are based on one simple thing: trust. And key to this is the legal system that enforces that trust – by making sure that both sides know exactly what they ...
SEC Proposes Rules for Hedging Disclosure
February 10th, 2015
Amendments Would Enhance Corporate Disclosure of Hedging Policies for Officers, Directors and Employees The Securities and Exchange Commission today announced it has approved the issuance of proposed rules that would enhance corporate disclosure of company hedging policies for directors ...
