Search Results for: UBS AG
SEC Charges ITG With Operating Secret Trading Desk and Misusing Dark Pool Subscriber Trading Information
August 13th, 2015
The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle charges that they operated a secret trading desk and misused the confidential trading information of dark ...
China About To Make History — Again
August 10th, 2015
Any discussion of China has to open with the now-widely-understood fact that the numbers it reports are not to be trusted. Knowing this makes it easy to dismiss claims of high and consistently-on-target GDP growth, for instance, as a ...
UBS hires 2 brokers who made $3.5 mln revenue
August 10th, 2015
UBS AG’s Wealth Management Americas said it hired two brokers who produced nearly $3.5 million in revenues last year for their prior employers. Lori Cousineau Weaver joined UBS in Renton, Washington, on July 24. She previously worked at Ameriprise ...
UBS and Barclays are front runners with Bitcoin 2.0 technology Ethereum
August 6th, 2015
UBS and Barclays are the front runners when it comes to experimenting with Ethereum, a new technology in the class known as Bitcoin 2.0, a source at Barclays told IBTimes. Ethereum is a not-for-profit organisation which offers an open-source ...
Goldman tentatively agrees to pay $270 million to settle lawsuit by investors
August 4th, 2015
Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the ...
Cash Genie agree with FCA to provide £20 million redress to over 92,000 customers
July 27th, 2015
Ariste Holding Limited, trading as Cash Genie, has entered into an agreement with the Financial Conduct Authority (FCA) to provide over £20 million of redress to more than 92,000 customers for unfair practices. In June 2014, Cash Genie voluntarily ...
SEC: OZ Management LP Admits Providing Inaccurate Data, Impacting Brokers’ Records and “Blue Sheets”
July 15th, 2015
The Securities and Exchange Commission today charged OZ Management LP with providing inaccurate trade data to four prime brokers, causing inaccuracies in the brokers’ books and records and in data provided to the SEC in investigations. OZ Management, an ...
FCA warning against clone firm
July 8th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people: Clone firm details: Recruit Plus Telephone: 0207 ...
UBS signs whistleblower deal with Brazil to avoid punishments in Forex rigging case
July 7th, 2015
Swiss bank UBS has signed a leniency agreement with Brazilian authorities to avoid punishment in the alleged rigging of the country’s currency market. Local newspaper Valor Econômico reported that UBS signed an agreement with Brazil’s antitrust watchdog, the Council ...
Winners and losers emerge from fragmented FX swap rules
June 30th, 2015
The International Swaps and Derivatives Association (ISDA) has frequently warned that market fragmentation will continue and market transparency will be damaged as US and European regulators fail to reconcile their FX rule sets. Disharmony is most evident in relation ...
