Search Results for: dollar
Day Trader Charged in Brokerage Account Takeover Scheme
October 31st, 2017
The Securities and Exchange Commission charged a day trader based in the Philadelphia area with participating in a scheme to access the brokerage accounts of more than 100 unwitting victims and make unauthorized trades to artificially affect the stock ...
Early investors review and key events coming this week
October 30th, 2017
Asian stocks were mixed as investors continued to digest earnings, while bond and currency markets awaited an announcement on who will helm the Federal Reserve. Equity benchmarks fluctuated in Japan, while Chinese shares fell, with the Shanghai Composite Index ...
Oil for gold – the real story
October 27th, 2017
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing ...
SEC Announces Measures to Facilitate European Union’s MiFID II’s Research Provisions
October 27th, 2017
Following consultation with European authorities, and in response to concerns that investors could lose access to valuable research, the staff of the U.S. Securities and Exchange Commission issued three related no-action letters. These letters are designed to provide market ...
Apple’s Co-Founder Says Bitcoin Is Better Than Gold
October 26th, 2017
Apple co-founder Steve Wozniak is betting on Bitcoin, saying that the cryptocurrency could become a better standard of financial value than gold or the U.S. dollar. Wozniak argued that Bitcoin is more stable and less prone to arbitrary supply ...
Former Private Equity Firm Partner Charged With Secretly Billing Clients for His Vacations and Salon Visits
October 26th, 2017
The Securities and Exchange Commission charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures, including his family vacations, visits to a ...
Deutsche Bank to Pay $220 Million over Libor interest rate manipulation
October 26th, 2017
Deutsche Bank AG agreed to pay 45 U.S. states a combined $220 million to resolve a probe into interest-rate manipulation, more than twice the amount of Barclays Plc’s settlement last year. The states’ investigation found that the German bank’s ...
Former HSBC Executive Found Guilty of Fraud in $3.5 Billion Currency Trade
October 24th, 2017
A U.S. jury on Monday found former HSBC executive Mark Johnson guilty of defrauding Cairn Energy (CRNZF, +0.00%) in a $3.5 billion currency trade in 2011. U.S. prosecutors have said that Mark Johnson, formerly head of HSBC’s global foreign ...
Israel bans binary options industry; Operatives have three months to shut down
October 24th, 2017
The Knesset on Monday unanimously passed a law to ban Israel’s binary options industry, a vast, multibillion dollar scam that has defrauded millions of victims worldwide for a decade. The law, which will go into effect three months from ...
Asian shares hover near recent highs; European STOXX 600 shares rose, the S&P 500 lost 0.40 percent
October 24th, 2017
Asian shares held within striking distance of recent decade highs on Tuesday and major currencies kept to narrow ranges, while the New Zealand dollar fell after the country’s incoming Labour government laid out its left-leaning priorities. The policies were ...
