Search Results for: US
Shares of luggage giant Samsonite suspended over governance and accounting claims
May 25th, 2018
Luggage giant accused of ‘questionable accounting practices’ and ‘poor corporate governance’ as shares are suspended in Hong Kong. Shares in Hong Kong-listed luggage maker Samsonite International plummeted by more than 11 per cent in early trading in Hong Kong ...
SEC USA released a Public Statement by Chairman Jay Clayton on fraudulent Crypto ICOs
May 23rd, 2018
The U.S. Securities and Exchange Commission has released a Public Statement by Chairman Jay Clayton in relation to the North American Securities Administrators Association (NASAA) announcement of enforcement sweep targeting fraudulent ICOs and Crypto-asset investment products. According the Public ...
Regulators launch operation to crack down suspicious cryptocurrency investment schemes
May 22nd, 2018
Securities regulators across the United States and Canada announced dozens of investigations Monday into potentially deceitful cryptocurrency investment products, the largest coordinated crackdown to date by state and provincial officials on bitcoin scams. As many as 70 investigations have ...
CFTC opens access to Indian Futures market for U.S. customers
May 18th, 2018
The Commodity Futures Trading Commission (CFTC) issued an order to the National Stock Exchange of India (NSE) as part of its longstanding program of regulatory deference to foreign regulatory frameworks. Through its Part 30 exemptive program the CFTC provides ...
Bitcoin goes into Free Fall as cryptocurrency price plummets in just 24 hours
May 16th, 2018
Bitcoin has seen a dramatic drop in value over the past day, falling from a high of $8824.17 per bitcoin on Tuesday to a low of $8292.10 shortly after midnight on Wednesday, representing a 6 per cent decrease. The ...
Goldman Sachs to pay $54.75 Million for unsound conduct in its Forex business
May 16th, 2018
The New York State Department of Financial Services (DFS) has issued a statement early this month to inform that Goldman Sachs fined $54.75 Million for unsafe and unsound conduct in its Foreign Exchange trading business. Goldman Traders Improperly Shared Customer ...
Asus to pay millions euro to settle price manipulation allegations
May 15th, 2018
Taiwan’s Asustek Computer, known as Asus, on Friday said it reached an agreement with the European Union to pay about 65 million euros ($77.6 million) to settle allegations of price manipulation in its PC business in Europe. “Although it ...
Hong Kong is looking to bring innovative technology in lending business
May 14th, 2018
The Hong Kong Monetary Authority (HKMA), the government authority in Hong Kong responsible for maintaining monetary and banking stability, released an announcement to inform that has issued guidelines to banks on Credit Risk Management for Personal Lending Business. The guidelines ...
USA Regulator ordered a penalty of more than $2.2 million for Forex fraud scheme
May 14th, 2018
The Commodity Futures Trading Commission (CFTC) announced that Judge Esther Salas of the U.S. District Court for the District of New Jersey has entered an Order of default judgment and permanent injunction against Alcibiades Cifuentes (Cifuentes) and Jennifer Wee ...
Europe: Oil stocks buoy European shares as US pulls out of Iran deal
May 10th, 2018
European shares were supported on Wednesday by strength in oil stocks after US President Donald Trump pulled the United States out of Iran’s nuclear agreement, boosting crude prices. While some solid earnings updates also provided support, shares in companies ...
