Search Results for: Securities and Exchange Commission
SEC Staff Issues Guidance Update and Investor Bulletin on Robo-Advisers
February 25th, 2017
The Securities and Exchange Commission today published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online with ...
DFSA Signs MoU with European Securities and Markets Authority
February 23rd, 2017
The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure ...
Morgan Stanley agreed to pay an $8 million penalty and admit wrongdoing
February 15th, 2017
The Securities and Exchange Commission (SEC) announced that Morgan Stanley Smith Barney has agreed to pay an $8 million penalty and admit wrongdoing to settle charges related to single inverse ETF investments it recommended to advisory clients. The SEC’s ...
SFC reprimands and fines GMO-Z.com Forex HK Limited $1.6 million
February 9th, 2017
The Securities and Futures Commission (SFC) has reprimanded and fined GMO-Z.com Forex HK Limited (GMOHK) $1.6 million for deficiencies in its order execution and slippage handling procedures, and failures in its electronic trading system for leveraged foreign exchange contracts ...
IOSCO analyzes potential of tech-driven change in the securities market industry
February 8th, 2017
The International Organization of Securities Commissions (IOSCO) has issued today a press release to pubilsh a report regarding the potential of tech-driven change in the securities market industry. Below is the press release a it was published by IOSCO: ...
Shipping Conglomerate and Former CFO Charged With Failure to Recognize Hundreds of Millions in Tax Liabilities
January 24th, 2017
The Securities and Exchange Commission today charged shipping conglomerate Overseas Shipholding Group (OSG) and its former chief financial officer Myles R. Itkin with failing to recognize hundreds of millions in tax liabilities in its financial statements that had accumulated ...
Global market maker Citadel Securities to pay $22.6 million to settle charges
January 16th, 2017
Citadel Securities Paying $22 Million for Misleading Clients About Pricing Trades The Securities and Exchange Commission today announced that Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders ...
J.P. Morgan Securities ordered to pay $900,000
January 12th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against J.P. Morgan Securities LLC (JPMS), a Delaware corporation headquartered in New York City, for failing to diligently supervise its officers’, employees’, and agents’ ...
Brokers used in-and-out trading strategy to defraud customers
January 10th, 2017
The Securities and Exchange Commission today charged two New York-based brokers with fraudulently using an in-and-out trading strategy that was unsuitable for customers in order to generate hefty commissions for themselves. The SEC’s complaint alleges that Gregory T. Dean ...
Blackwell Global Acquires Double SFC Licences to Offer Securities and Futures Trading Services
December 28th, 2016
International forex and CFDs brokerage Blackwell Global announces today the acquisition of 2 new licences issued by the Security and Futures Commission (SFC; Securities Licence No. BGX296 and Futures Licence No. BGX460.) in Hong Kong, permitting the brokerage to ...
