Man behind GemCoin, a fake cryptocurrency, settles lawsuit for $71M
March 15th, 2017
Steve Chen is a Southern California entrepreneur who was accused by the Securities and Exchange Commission of creating a massive scheme involving GemCoin, a purported cryptocurrency that was “backed” by amber mines. He has just settled his lawsuit brought by the government. ...
SEC Charges Firms Involved in Layering, Manipulation Schemes
March 13th, 2017
The Securities and Exchange Commission today announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. ...
Yahoo General Counsel resigns following investigations for cybersecurity failures
March 8th, 2017
A report prepared for the Securities and Exchange Commission identified $11 million worth of legal costs associated with a mass hack of Yahoo accounts that took place in 2014. Last week, Yahoo confirmed that general counsel and company secretary ...
German, Danish, French, Italian, Spanish, Italian RETENTION OFFICERS
March 3rd, 2017
Industry: Financial Services Description: Xtrade is an award-winning provider of desktop and mobile trading services, featuring CFD trading on stocks, national stock indices, commodities, and currencies. The brokerage’s financial technology includes five digital trading platforms, all of which are ...
SEC Posts Notice of Availability of IFRS Taxonomy
March 2nd, 2017
Foreign Private Issuers May Begin Submitting Their Financial Statements in XBRL The Securities and Exchange Commission published a taxonomy on its website so that foreign private issuers that prepare their financial statements in accordance with International Financial Reporting Standards (IFRS) ...
FRENCH RETENTION/SALES OFFICER
February 24th, 2017
Industry: Financial Services Description: Xtrade is an award-winning provider of desktop and mobile trading services, featuring CFD trading on stocks, national stock indices, commodities, and currencies. The brokerage’s financial technology includes five digital trading platforms, all of which are ...
Bitcoin is getting closer to its all-time high
February 23rd, 2017
Bitcoin is getting closer to a record high. Early buying on Thursday has the cryptocurrency up 2.2%, or $24.16, to $1153.47 a coin, and on track for its 10th straight day of gains. Its all-time high of $1,161.88 was set ...
Bitcoin prices touch fresh 3-year high
February 22nd, 2017
The price of a single bitcoin leapt to its highest level in more than three years on Tuesday, as traders bought up coins in anticipation of the Securities and Exchange Commission’s ruling on a proposed bitcoin exchange-traded fund. One ...
Hong Kong police struggle to stop brokerage hacking spree
February 16th, 2017
Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages – a little-known type of computer-generated fraud that surged in the Chinese territory last year. Although the money involved was small – only about $20 million ...
HKEX appoints Group General Counsel
February 13th, 2017
Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Ferheen Mahomed to serve as its Group General Counsel from today (Monday). Ms Mahomed will head HKEX’s Legal Services Department and oversee the Group’s legal function, including the teams at ...
