Search Results for: Securities and Exchange Commission
SFC reprimands and fines FXCM Asia Limited HK$4 million
October 19th, 2016
The Securities and Futures Commission (SFC) has reprimanded and fined FXCM Asia Limited (HK FXCM) (now known as Rakuten Securities Hong Kong Limited) HK$4 million for regulatory breaches in relation to its order execution practice for foreign exchange (Forex) ...
CySec fined Bank of Cyprus and Members of its Board and General Manager in the relevant period
October 17th, 2016
The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform the public that it has investigated the compliance of: Bank of Cyprus Public Company Ltd, its Board of Director Members’ and its General Manager with the ...
Facebook faces $5bn tax charge over Ireland asset transfer
October 13th, 2016
Social media giant Facebook could have to pay up to $5bn in additional taxes as a result of an Internal Revenue Service (IRS) investigation challenging the way in which it accounted for the transfer of assets to its Irish ...
CFTC charges Companies and Individuals with fraud in Selling a Futures Trading System
October 13th, 2016
CFTC Charges Utah Resident Kimball Parker and Florida Resident Timothy Baggett with Fraud and Other Violations in Connection with Offering and Selling a Futures Trading System Parker’s Company, MakeYourFuture, LLC, and Baggett’s Companies, Changes Worldwide LLC and Changes Trading ...
NRGbinary is a case of how scammers can hide in gaps between regulators and defraud thousands of investors
October 6th, 2016
In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement ...
FX Firm Joins Mexican Bitcoin Exchange’s $2.5 Million Fundraise
September 29th, 2016
Bitcoin exchange startup Bitso has raised $2.5m to make it easier for the underbanked in Mexico to gain access to financial services. Among the investors is Mexico-based foreign exchange, Monex Group, which last year conducted $160bn in transactions in Europe, the ...
CFTC Expands Interest Rate Swap Clearing Requirement
September 29th, 2016
The U.S. Commodity Futures Trading Commission (Commission) today expanded the existing clearing requirement for interest rate swaps. The Commission voted unanimously to approve an amendment to Commission regulation 50.4(a) that establishes a new clearing requirement determination. The new clearing ...
HKEX publishes further information on Shenzhen-Hong Kong Stock Connect to facilitate business and technical preparation
September 28th, 2016
As part of the market communication plan for Shenzhen-Hong Kong Stock Connect (Shenzhen Connect), the Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Securities Clearing Company Limited (HKSCC), wholly-owned subsidiaries of Hong Kong Exchanges and Clearing Limited ...
CySec announced the Continuance of Suspension and commencement of proceedings for the possible withdrawal of a CIF license authorisation
September 21st, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that, following the announcement dated 09.08.2016, the suspension of the authorisation of the Cyprus Investment Firm ‘UBFS Invest powered by Moneychoice Brokers Ltd’ (‘the Company’), with ...
CySec announced law violations by Cyprus Popular Bank Public Co Ltd and fined Members of its Board
September 21st, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the Commission has examined the matter of compliance of Cyprus Popular Bank Public Co Ltd with the Insider Dealing and Market Manipulation (Market Abuse) Law and ...
