Search Results for: Securities and Exchange Commission
CySec warning against unauthorised firms
August 13th, 2014
The Cyprus Securities and Exchange Commission (CySec) wishes to inform the investors that the companies ‘Chelestra Ltd’ (https://www.lbinary.com) and ‘T.B.S.F. Best Strategy Finance Ltd’ (https://www.regaloptions.com): 1. Are not permitted to provide investment and ancillary services in the Republic, pursuant ...
CySec: Transitional provisions of the new AIF law
August 13th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement informing all interested parties that the Alternative Investment Funds Law (L.131(I)/2014) (the ‘Law’) came into force on July 27th 2014. The Law can be found on the Commission’s website, ...
Ex-MIT Professor, Son to Plead Guilty in Hedge Fund Scam
August 13th, 2014
A former Massachusetts Institute of Technology professor and his son agreed to plead guilty to running a $500 million hedge-fund scam that was uncovered by investigators probing Bernard Madoff’s Ponzi scheme. Gabriel Bitran, who was a professor and associate ...
SEC Charges Kansas for Understating Municipal Bond Exposure
August 12th, 2014
The Securities and Exchange Commission (SEC) announced securities fraud charges against the state of Kansas stemming from a nationwide review of bond offering documents to determine whether municipalities were properly disclosing material pension liabilities and other risks to investors. ...
Former CEO of ConvergEx Subsidiary faces SEC’s charges
August 8th, 2014
The Securities and Exchange Commission (SEC) has appointed charges to the former chief executive officer of a broker-dealer subsidiary of ConvergEx Group LLC for deceiving brokerage customers with hidden fees to buy and sell securities. SEC claims that the ...
Judge Rakoff Says 2011 S.E.C. Deal With Citigroup Can Close
August 6th, 2014
The settlement that just wouldn’t settle — Citigroup’s 2011 deal with the Securities and Exchange Commission — has finally cleared its last hurdle. Judge Jed S. Rakoff of Federal District Court in Manhattan, who initially rejected the $285 million ...
CySec: acquisition of Administrative Services Providers (ASP) licence
August 6th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Provider (ASP): CHARTAC Management Services Limited Nobel Trust Limited C ...
CySec: acquisition of Administrative Services Providers (ASP) licence
August 5th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that “MENWIN Management Limited” has successfully obtained the CySec licence to operate as Administrative Services Provider (ASP). The company is now authorised to operate legally ...
CySec: renouncement of licence
August 5th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot regulator, announced that, on 31st July 2014, the CIF “LQD Markets Ltd”, which provided investment services via the domain www.lqdmarkets.com, renounced its authorization pursuant to section 24(1)(b) of the Investment Services ...
SEC Obtains Nearly $70 Million Judgment Against Richmond, Va.
August 4th, 2014
The Securities and Exchange Commission has announced that it has obtained a final judgment in federal court in Tennessee requiring a Richmond, Va.-based financial services holding company, a subsidiary brokerage firm, and their CEO to pay nearly $70 million ...
