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Investment advisory firm to pay more than $630,000 to settle charges
November 1st, 2017
Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings. An SEC investigation found ...
There are now more than 120 hedge funds focused solely on bitcoin, digital currencies
October 31st, 2017
Data shared exclusively with CNBC from financial research firm Autonomous Next shows the number of funds investing in digital assets like bitcoin has grown rapidly to 124. Autonomous Next also estimates that the “crypto-funds” have about $2.3 billion in ...
Financial advice firm to pay $1 million penalty
October 30th, 2017
The Australian Securities and Investments Commission (ASIC) has issued an announcement to inform that: The Federal Court has imposed a civil penalty of $1 million against Melbourne-based financial advice firm NSG Services Pty Ltd (currently named Golden Financial Group ...
Oil for gold – the real story
October 27th, 2017
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing ...
OECD Supports States To Mirror EU’s Digital VAT Reforms
October 27th, 2017
On October 24, the OECD released new implementation guidelines to support the collection of consumption taxes on cross-border sales. The guidance – Mechanisms for the Effective Collection of VAT/GST Where the Supplier Is Not Located in the Jurisdiction of ...
Which sector is the main employer in the EU Member States?
October 27th, 2017
In 2016, almost half of employment in the European Union (EU) was concentrated in two economic activities: “Wholesale and retail trade, transport, accommodation and food services” (24.7%) and “Public administration, defence, education, human health and social work activities” (23.7%). ...
FCA urges public to report and speak out against fraudulent investment schemes
October 27th, 2017
The Financial Conduct Authority (FCA), the conduct and prudential regulator for financial services firms and financial markets in the UK, urges the public to get in touch if they have been contacted by a company offering what they think ...
Why is bitcoin splitting again and what is bitcoin gold?
October 24th, 2017
Bitcoin is forking for a second time to form a new cryptocurrency called bitcoin gold, but why is this happening so soon after bitcoin cash? The stir caused by the forking of bitcoin into two different cryptocurrencies caused quite ...
The productivity myth
October 20th, 2017
Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the Treasury, the Bank of England and Remainers all saying the ...
Vienna Stock Exchange expands its range of offerings
October 20th, 2017
The Vienna Stock Exchange is further expanding its range of offerings for domestic investors with the new “ETF segment” launching today. Passive investment funds offer investors a simple, effective and inexpensive way of investing in the most diverse markets ...
