Search Results for: Securities and Exchange Commission
Virtual currencies spark real concern about national security threat
July 31st, 2018
U.S. government officials are increasingly worried about the potential national security threat posed by the rise of cryptocurrencies. In the past week, the Department of Justice, congressional lawmakers and even Federal Reserve Chairman Jerome Powell have voiced concern about ...
The license of a Forex trading provider has been suspended by the Cyprus Regulator
July 23rd, 2018
The Cyprus Securities and Exchange Commission (CySEC), the independent supervisory Authority of the investment services market in Cyprus has issued an announcement to inform that the authorisation of the Cyprus Investment Firm IGM FOREX LTD (‘the Company’), number 309/16, is ...
CySEC announced the authorization of a new Cyprus Investment Firm
July 23rd, 2018
The Cyprus Securities and Exchange Commission (CySEC), the financial regulatory authority of Cyprus, has issued today an announcement to inform that a new company has been approved by the Commission as a Cyprus Investment Firm (CIF). According the announcement, the firm ...
Deutsche Bank subsidiaries will pay nearly $75 million to settle charges
July 23rd, 2018
The Securities and Exchange Commission (SEC) announced that two U.S.-based subsidiaries of Deutsche Bank AG will pay nearly $75 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). The case stems from a continuing SEC investigation ...
Bitcoin is down 66%. But it still may be the future of money
July 11th, 2018
The price of one bitcoin (XBT) is now hovering around $6,400. That’s a more than 50% drop in 2018 and a 66% plunge from the all-time high of just under $20,000 that bitcoin hit in late December. Other cryptocurrencies, ...
Cyprus Regulator decided to withdraw the license of a Cyprus Investment Company
July 3rd, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that, on its meeting of 25th June 2018, has decided to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 216/13 of the company «B.O. Tradefinancials ...
Forex broker Blackwell Global license withdrawn by CySEC
July 2nd, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that, on its meeting of 25th June 2018, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 (ΝI87(I)/2017), as ...
Deutsche Bank spends $17 billion in a decade on legal costs
June 25th, 2018
Despite spending $17 billion, the bank still has five of its biggest cases outstanding and has set aside $2.9 billion for litigation provision in the first quarter. German’s Deutsche Bank has spent more than $17 billion over the past ...
Toshiba says U.S. SEC completes accounting probe, no penalty
June 25th, 2018
Japan’s Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company. “We understand that all SEC investigations regarding our accounting have been completed,” a ...
U.S. Regulatory Authority shuts Down $102 Million Ponzi Scheme
June 21st, 2018
The Securities and Exchange Commission (SEC) filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S. According to the SEC’s complaint, the defendants defrauded more ...
