Search Results for: Vest Financial
Fund board severs ties with Thibeault after arrest
December 31st, 2014
Alt fund manager accused of creating fictitious loans no longer has access to the GL Beyond Income Fund The small financial services empire of Daniel Thibeault, a well-known asset manager who was arrested earlier this month on charges of ...
Singapore’s Stock Exchange Looks to Make Trading More Attractive for Individuals
December 31st, 2014
Singapore Exchange Ltd. (SGX) is looking to individual investors to boost Southeast Asia’s biggest stock market after trading volume this year tumbled the most since the 2008 global financial crisis. The bourse will cut the standard lot size for ...
FINRA Sanctions Monex Securities Inc. $1.3 Million for Failing to Register and Supervise Foreign Personnel
December 31st, 2014
Firm’s President Fined and Suspended The Financial Industry Regulatory Authority (FINRA) announced today that it has ordered Monex Securities Inc. to pay $1,100,000 in disgorgement of commissions, plus interest, obtained by unregistered foreign individuals who sold securities on the ...
U.S.-Listed ETF Assets Break $2 Trillion Mark
December 30th, 2014
“It took 18 years for ETFs to reach $1 trillion and three years for it to reach the additional $1 trillion,” says SSGA’s David Mazza. Assets invested in U.S.-listed exchange-trade funds/exchange-traded products reached the $2 trillion milestone. ETFGI is ...
Asia to test bond record again in 2015
December 30th, 2014
Asia could set another record for international bond issues in 2015 if Chinese companies continue to borrow offshore at the same voracious pace they did this year, while bankers expect a heavy redemption schedule and larger pipelines from India ...
US city files suit against Brazil’s Petrobras for securities fraud
December 30th, 2014
The City of Providence, Rhode Island filed a class action suit against Brazil’s state-run oil company Petrobras on Wednesday in the US District Court for the Southern District of New York. The complaint alleges Petrobras engaged in a fraudulent ...
Top 10 Reasons to Abolish the Corporate Income Tax
December 30th, 2014
America’s corporate income tax rate, at 35%, is the highest in the world. A rising chorus would like to bring it more in line with foreign rates, which average around 23%. I have a better idea—abolish the tax. The ...
FINRA Fines Pershing LLC $3 Million for Customer Protection Rule Violations and Supervisory Failures
December 30th, 2014
The Financial Industry Regulatory Authority (FINRA) announced today that it has censured and fined Pershing LLC $3 million for violating the Customer Protection Rule and for related supervisory failures. The Securities and Exchange Commission (SEC) rule creates requirements to ...
Euro Falls to Two-Year Low Amid Greek Concern as Yuan Weakens
December 30th, 2014
The euro declined to a two-year low versus the dollar on concern anti-austerity opposition party Syriza will win Greek elections next month, endangering the country’s bailout agreement. The 18-nation euro fell versus 11 of its 16 major counterparts amid ...
Law Firms Awards
December 29th, 2014
MERGERMARKET EUROPEAN M&A AWARDS 2014 Top investment banks and law firms gathered at the Savoy Hotel in London, to recognise the achievements of Europe’s top dealmakers and reward innovative advisory work on some of the region’s most transformative deals ...
