Search Results for: Securities and Exchange Commission
CySec suspends the license of a Cyprus Investment Firm
June 21st, 2016
The Cyprus Securities and Exchange Commission (CySec), has issued an announcement to inform that the Commission has decided to suspend the licence of a Cyprus Investment Firm. The authorisation of the Cyprus Investment Firm ‘AirFinance Pro Ltd’, with number ...
CySec’s first rejection of an Administrative Services Provider authorisation
June 16th, 2016
The Cyprus Securities and Exchange Commission (CySec) announces that, at the meeting held on 28th March 2016, decided to recall its decision dated 13th July 2015 to grant an authorisation for providing Administrative Services (‘ASP’) to Opus Trust Management Ltd (‘the Company’), ...
CySec has issued a circular for CIFs regardig their remuneration obligations
June 16th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a circular wishes to remind the Cyprus Investment Firms (CIFs) about their obligations concerning remuneration policies and practices. In particular: 1. The CIFs must establish, implement and maintain remuneration policies ...
A new Cyprus Investment Firm is authorised by CySec
June 15th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that the authority has authorised a new Cyprus Investment Firm. According to CySec, “B.I.A. Blueport Investment Advisors Ltd“ has successfully obtained the CySec ...
FINRA Announces CEO Transition
June 14th, 2016
The Financial Industry Regulatory Authority (FINRA) today announced that its Board of Governors has concluded the CEO search, and appointed Robert W. Cook as President and Chief Executive Officer, effective the second half of 2016. Mr. Cook will succeed ...
CySec warns that individuals are falsely presenting themselves as CySec officers
June 13th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a warning to inform investors and the general public regarding individuals impersonating CySec officers : According to CySec’s warning: Following up on the relevant Cyprus Securities and Exchange Commission (‘CySEC’) announcement ...
CySec announced that a Cyprus Investment Firm renounced its authorisation
June 10th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 31 March 2016, the CIF Glestimon Management Limited, which provided investment services via the domain www.glestimon.com, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities ...
Oracle whistleblower suit raises questions over cloud accounting
June 10th, 2016
The Oracle logo is seen on its campus in Redwood City, California June 15, 2015.REUTERS/ROBERT GALBRAITH A whistleblower lawsuit filed against Oracle Corp (ORCL.N) over its accounting practices underscores the pressures established computer companies face to show that they ...
SEC issues the second-largest Whistleblower Award of $17 Million
June 10th, 2016
The Securities and Exchange Commission announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by the SEC ...
SEC: Morgan Stanley to pay a $1 million penalty for failures to Safeguard Customer Data
June 9th, 2016
The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney LLC has agreed to pay a $1 million penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered ...
