Search Results for: Securities and Exchange Commission
CySec announced an administrative penalty to an AIFM
February 7th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a press release to inform investors that, at its meeting held on December 19, 2016, decided to impose a total administrative fine of €5.000 on the AIFM ‘Fortified Capital Ltd’ (the ...
As Bitcoin ETF Nears, Analysts Warn of Trading Frenzy
February 7th, 2017
If the Securities and Exchange Commission approves a bitcoin exchange-traded fund next month, it might set off a speculative rush into bitcoin. An easily accessed ETF that tracks the value of bitcoin could cause money to flood into the ...
SEC Charges Investment Adviser With Stealing Investor Funds
February 3rd, 2017
The Securities and Exchange Commission today charged a Connecticut-based investment advisory business and its owner with stealing money from investors to settle a private lawsuit among other misuses. The SEC alleges that Sentinel Growth Fund Management and its founder ...
CySec informs Cyprus Investment Firms regarding their obligations to clients
February 3rd, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform the Cyprus Investment Firms for their obligations when providing information to clients on the services and instruments offered. According to the Circular, CySec wishes to set ...
CySec has issued a Circular for market particpants
February 1st, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform regarding MAR Guidelines on Information relating to commodity derivatives markets or related spot markets for the purpose of the definition of inside information on commodity derivatives ...
CySec informs regulated Entities about Data collection exercise by the European Banking Authority
February 1st, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform regulated Entities regarding Data collection exercise by the European Banking Authority for the potential reform of prudential requirements applicable to MiFID investment firms including the extent ...
SEC charges two men for running a Ponzi scheme with money raised from investors
January 30th, 2017
The Securities and Exchange Commission today announced fraud charges against two New York City men accused of running a Ponzi scheme with money raised from investors to fund businesses purportedly created to purchase and resell tickets to such high-demand ...
AMF advices traders to close their accounts with Banc de Binary
January 30th, 2017
The Autorité des marchés financiers (AMF) advises the clients of the website eu.bancdebinary.com to contact Banc de Binary Ltd, the owner of these websites, as soon as possible The Cyprus Securities and Exchange Commission (CySec) has announced that Banc ...
Citigroup Paying $18 Million for Overbilling Clients
January 27th, 2017
The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay $18.3 million to settle charges that it overbilled investment advisory clients and misplaced client contracts. The SEC’s order finds that at least 60,000 advisory ...
SEC Announces $7 Million Whistleblower Award
January 25th, 2017
The Securities and Exchange Commission today announced an award of more than $7 million split among three whistleblowers who helped the SEC prosecute an investment scheme. One whistleblower provided information that was a primary impetus for the start of ...
