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Over $31 Million in penalties for Fraud and Ponzi Scheme Operator
October 21st, 2015
In a Related Criminal Action, John R. Bullar was sentenced to 8 Years 4 Months in Prison and Ordered to Pay over $6 Million in Criminal Restitution The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Michael ...
ACCC investigating banks’ closure of bitcoin companies’ accounts
October 20th, 2015
The Australian Competition and Consumer Commission is investigating why Australian banks are closing the accounts of bitcoin businesses, amid concerns banks are colluding to block emerging competitors. ACCC chairman Rod Sims told The Australian Financial Review the investigation was ...
ETF industry expects nearly 18% growth per year over next three to five years
October 20th, 2015
90% of ETF providers expect positive net new business in next 18 months 27% expect cumulative annual growth rate of more than 25% over next three to five years US continues to lead ETF market, though Europe and Asia ...
SEC announced settlement of charges with two UBS Advisory Firms
October 20th, 2015
Two UBS Advisory Firms Settle Charges Arising From Failure to Disclose Change in Investment Strategy Settlement Will Return More Than $13 Million to Harmed Investors The Securities and Exchange Commission announced that two UBS advisory firms have agreed to settle ...
Volkswagen hits metals
October 20th, 2015
Prices of platinum – used in engines – have tumbled since the scandal broke. PLATINUM prices have plunged since the Volkswagen emissions scandal broke, as investors have shifted into its sister metal palladium – with the latter’s price rising ...
Lending expected to grow more than 3% in 2016, boosting Eurozone economy
October 19th, 2015
Business lending expected to grow by 3.8% in 2016 due to improving credit conditions and renewed business confidence Consumer credit to recover this year, growing 1.9%, and an expected 3.1% in 2016 Assets under management (AUM) in equities expected ...
End of energy isolation in the Baltics: How Gas interconnection works
October 19th, 2015
End of energy isolation in the Baltics: how the Gas Interconnector Poland-Lithuania (GIPL) works How does the Gas Interconnector Poland-Lithuania (GIPL) work? What changes The Governments of Poland, Lithuania, Latvia and Estonia, the European Commission, have reached an agreement ...
Ukraine Readies for Russia Court Battle After Debt Vote Passes
October 19th, 2015
Holders of all but one bond vote in favor of restructuring Second vote on bond held by Russia scheduled for Oct. 29 Ukraine said it is ready to go to court over a bond owed to Russia after the ...
Silver as money
October 16th, 2015
Gold is money, admittedly not often circulating as such today. Fiat currencies issued by governments have driven gold out of circulation. But where does this leave silver? Money-substitutes, bank notes and bank deposits, were originally backed by physical silver, ...
London Stock Exchange Group Launches New Derivatives Venture – Curveglobal
October 16th, 2015
New venture launched with a number of major dealer banks and the Chicago Board Options Exchange Short Term and Long Term Interest Rate Futures to be offered in first phase Products to be traded on London Stock Exchange Derivatives ...
