Search Results for: Vest Financial
Traditional Financial Services Firms fear almost a quarter of their business is at risk from FinTechs
March 15th, 2016
FinTech companies are more bullish, believing they could capture a third of incumbents’ business Results from a PwC survey released today, which assesses the rise of new technologies in the financial services (FS) sector and their impact on market ...
Two Cayman Island Financial Institutions Plead Guilty in Manhattan Federal Court to Conspiring to Hide More Than $130 Million in Cayman Bank Accounts
March 10th, 2016
Cayman Companies Admit to Helping U.S. Taxpayer-Clients Hide Assets in Offshore Accounts, and Agree to Produce Account Files of Non-Compliant U.S. Taxpayers First Conviction of Non-Swiss Financial Institution For Tax Evasion Conspiracy U.S. Attorney Preet Bharara for the Southern ...
ASIC warns investors about dealing with Market City International and Brokers500
March 8th, 2016
ASIC warns the public about the conduct of Market City International SRL (Market City International), a body marketing itself as BROKERS500 through the website www.brokers500.com. The website states that BROKERS500 is a leading online trading broker specialising in stocks, commodities, CFDs ...
Israeli investment company Utrade’s controlling shareholder Aviv Talmor was arrested
March 7th, 2016
Utrade controlling shareholder Aviv Talmor arrested. Talmor is suspected of fraud, running a Ponzi scheme, money laundering and managing investment portfolios without a license. Israeli investment company Utrade’s controlling shareholder Aviv Talmor was arrested by the Israel Securities Authority ...
Financial stability: New EU rules on central clearing for certain credit derivative contracts
March 2nd, 2016
Today’s decision implements the clearing obligation under the European Market Infrastructure Regulation (‘EMIR’). It refers to some types of credit default swaps. The European Commission has adopted a new set of rules that requires certain over-the-counter (OTC) credit derivative ...
CySec announced that a firm obtained the Cyprus Investment Firm license
February 29th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has announced that “Spot Trading S.T. Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now authorised to operate legally under the supervision of ...
Robo financial advising on the rise, but gen Xers still prefer the human touch
February 18th, 2016
Despite the growing popularity of online financial advice (known as robo-advisors), personal relationships with human advisors remain important for many Americans, according to Generations Apart – a recent study from Allianz Life Insurance Company of North America (Allianz Life) ...
7 Asian Banks Investigating Bitcoin and Blockchain Tech
February 17th, 2016
Until recently, there was a noticeable lack of interest in bitcoin and the blockchain among the financial institutions of Asia. In fact, banks there were more likely to be issuing warnings about digital currencies than getting involved in any related activity. It was the fall of Mt Gox in ...
FINMA Switzerland warns for unauthorised financial services Firm
February 16th, 2016
FINMA, the Swiss Financial Market Supervisory Authority, has issued a warning to inform investors for a company suspected of conducting unauthorised activities in the financial market. FINMA added on February 15 the below company in its Warning list: Lion ...
ASIC permanently bans financial adviser
February 15th, 2016
ASIC has permanently banned Mr Darren Wise, of Rhodes, NSW, from providing financial services. The ban follows an ASIC investigation and criminal action against Mr Wise which resulted in him pleading guilty, in the Maroochydore Magistrates Court, to three ...
