Search Results for: Vest Financial
HM Treasury, the BoE and the Financial Conduct Authority announce Fair and Effective Markets Review
June 12th, 2014
The British government has announced in a press release publishing the Fair and Effective Markets Review the strategic steps to follow in order to raise standards of conduct in the financial system. The review was conducted jointly by the Treasury, the ...
SEC Says Investor Accused of Fake Gold Bid Fled to China
June 12th, 2014
The U.S. Securities and Exchange Commission said the man behind a fake $750 million bid for Allied Nevada Gold Corp. (ANV) profited from selling an undisclosed stake in the mining company and has fled the country. Luis Chang and ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
June 11th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “VPR Safe Financial Group Ltd” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally ...
Illegal Bitcoin IPO Actually Worked Out Pretty Well for Investors
June 4th, 2014
Today the Securities and Exchange Commission shut down a bitcoin investing scam that, as bitcoin investing scams go, is disappointingly un-scammy. A very bitcoiny guy named Erik Voorhees1 started some very bitcoiny companies called SatoshiDICE and FeedZeBirds,2 and he ...
SEC Charges Operator With Defrauding Bond Investors
June 3rd, 2014
The U.S. Securities and Exchange Commission (SEC) has charged a charter school operator in Chicago with defrauding investors in a $37.5 million bond offering for school construction by making materially misleading statements about transactions that presented a conflict of ...
Etihad finalises deal for Alitalia investment
June 2nd, 2014
Etihad says it has finalised the conditions it requires for a major investment in Alitalia, following months of negotiations. Etihad did not give further details, but in a TV interview Italy’s transport minister said Etihad was ready to invest ...
SEC Charges Chicago-Based Investment Fund Manager With Stealing Investor Money and Conducting Ponzi Scheme
May 30th, 2014
The U.S. Securities and Exchange Commission has announced fraud charges and an asset freeze against a Chicago-based investment fund manager accused of stealing money he raised from investors to pay personal and business expenses. The SEC alleges that Neal ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
May 29th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Boursotrade Ltd” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision of ...
Dear Investors: China’s Problems Are Your Problems
May 27th, 2014
I have long argued that it will take a sizable shock to switch the current “risk on” investment climate to one of “risk off.” The robust U.S. stock market persists even though the housing recovery has stagnated, labor markets ...
Gold Traders Investigated in Colombian Cocaine Laundering
May 27th, 2014
Colombia is investigating the possible involvement of gold trading firms and a Miami refinery in a cocaine money-laundering scheme that’s distorting the country’s trade data, according to the tax and customs agency. As much as $3.3 billion of gold ...
