CySec has issued a Consultation Paper regarding requirements for the safeguarding of clients’ funds
October 27th, 2016
The Cyprus Securities and Exchange Commission (CySec), in the context of establishing effective arrangements and procedures for consultation with market participants, has issued a Consultation Paper regarding a proposed circular on the requirements for the safeguarding of clients’ funds. ...
CySec fined €225.000 a Cyprus Investment Firm
October 25th, 2016
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that, at its meeting held on September 26, 2016, decided to impose a total administrative fine of €225.000 on the CIF XFR Financial Ltd ...
Embraer Paying $205 Million to Settle FCPA Charges
October 25th, 2016
The Securities and Exchange Commission today announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft manufacturer Embraer S.A. to pay more than $205 million to resolve alleged violations of the Foreign ...
POLISH RETENTION OFFICER
October 21st, 2016
Industry: Financial Services Description: Xtrade is an award-winning provider of desktop and mobile trading services, featuring CFD trading on stocks, national stock indices, commodities, and currencies. The brokerage’s financial technology includes five digital trading platforms, all of which are available in ...
CySec warns regarding individuals impersonating CySec representatives
October 20th, 2016
The Cyprus Securities and Exchange Commission ( CySEC) has issued an announcement to warn about: Following up on the relevant Cyprus Securities and Exchange Commission (‘CySEC’) announcements dated 27 November 2015 and 10 June 2016, CySEC would like to inform investors ...
How a Broker defrauded customers for six years
October 20th, 2016
The Securities and Exchange Commission (SEC) has issued an announcement to inform for an administrative proceeding against an ex-LPL broker. According the announcement, SEC bars Paul Lebel, an LPL broker from 2008 to 2014 for churning and excessively trading ...
Ernst & Young to Pay $11.8 Million for Audit Failures
October 19th, 2016
The Securities and Exchange Commission has announced that Ernst & Young LLP has agreed to pay more than $11.8m to settle charges related to failed audits of an oil services company that used deceptive income tax accounting to inflate ...
SEC: Israeli-based Bank Leumi has agreed to pay $1.6 million to settle charges
October 19th, 2016
SEC Charges Bank Leumi With Conducting Unregistered U.S. Cross-Border Business The Securities and Exchange Commission today announced that Israeli-based Bank Leumi has agreed to pay $1.6 million and admit wrongdoing to settle charges that it provided investment advice and ...
CySec: Cyprus Investment Firm renounced its authorisation
October 18th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 10 October 2016, the CIF Glistentree Holdings Ltd (the ‘Company’), which provided investment services via the domain www.icetrader.com, renounced its authorisation pursuant to section 24(1)(b) of the ...
New Administrative Services Provider approved by CySec
October 18th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that a firm has been approved as Administrative Services Provider (ASP). According the announcement, the below firm has been approved: Alexandrou Corporate Services Ltd 76 Omirou Street, Alexandrou ...
